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Op-ed: City needs to overhaul affordable housing programs
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By Francisco Moya New York City is in the grips of a housing crisis, but you may not have noticed unless you’re struggling to survive. FRANCISCO MOYA That’s
Deals & Dealmakers
JLL working through Meredith space at 805 Third
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JLL has completed a sublease for Meredith Corp. at 805 Third Avenue with Gen II Fund Services LLC. The private equity fund administrator subleased 47,600
Deals & Dealmakers
Square Mile antes up $217M office loan
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Square Mile Capital Management originated a $217million loan secured by 1111 Brickell, a 30-story 522,000 s/f office building in the Brickell submarket
Construction & Design
Work underway on new Brooklyn park
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Pennrose, Duvernay + Brooks and Blue Sea Development have begun construction on a new 0.75 acre park at Prospect Plaza, a new mixed use, 364 unit affordable
Deals & Dealmakers
Fisher Bros. seeing ROI at revamped 605 Third
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Fisher Brothers has signed a new lease with Deluxe Financial Services at 605 Third Avenue, its modernized 1.1 million-square-foot, Class-A office tower
Construction & Design
City issues RFP for new movie campus
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New York City Economic Development Corporation (NYCEDC) and the Mayor’s Office of Media and Entertainment (MOME) released a Request for Proposals (“RFP”)
Construction & Design
Preservationists sue to protect museum
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An 1830s building-turned-museum is at risk of possible collapse from a next-door hotel project, according to a recently filed lawsuit. The Merchant’s House
Deals & Dealmakers
New Yorkʼs office condo sector enjoying record business, says new market report
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New York’s City’s office condo market experienced a record first half of the year in 2018, according to a new report. Rudder Property Group’s Office Condominium
Deals & Dealmakers
More than 100 Toys “R” Us stores to be auctioned off
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A total of 123 Toys “R” Us and Babies “R” Us owned and ground-leased properties nationwide will be auctioned off this month, announced the company conducting
Deals & Dealmakers
Biopharmaceutical company adds 90,000 s/f to New Jersey space
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National Realty & Development Corp. (NRDC) announced PTC Therapeutics, Inc. has extended their lease for 90,000 square feet at its corporate headquarters
Deals & Dealmakers
550 Madison gets landmark designation
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The city’s Landmark Preservation Commission has designated the former Sony Building at 550 Madison Avenue a landmark. Calling the 37-story office tower
Deals & Dealmakers
New buildings, same old carbon as materials drive greenhouse gas emissions
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Greenhouse gas emissions from new buildings are on the decline, but that doesn’t necessarily mean their carbon footprints are smaller than their older counterparts.