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PropTech investors bullish as appetite grows for innovation
07
CBRE’s acquisition of 3-D startup Floored and Blackstoneʼs purchase this month of a slice of London-based temporary workspace business The Office Group
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Paramount sells Zero Bond Street for $130M
07
The Paramount Group has sold Zero Bond Street, also known as 670-674 Broadway, for $130.5 million. CBRE announced the sale of the 70,000 s/f five-story
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Brooklyn is hotspot of summer leasing
07
Leasing activity in Midtown and Midtown South is slowing down as office tenants continue to cross the East River to Brooklyn. According to CBRE’s second
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Preying property hunters send prices soaring
07
Bill Shanahan   Here comes the re-boom. A new report from CBRE predicts prices for prime Manhattan properties could break peak 2007 pricing levels.
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Link buys $175M industrial portfolio from AEW
07
New York based Link Logistics Real Estate has acquired a $175 million Massachusetts industrial protfolio. CBRE arranged the sale of the six-building package
Deals & Dealmakers
Commerzbank buys NYU Langone building for $332.5M
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Commerzbank has purchased 222 East 41st Street from Columbia Property Trust for $332.5 million. Commerz Real, the real estate investment arm of the German
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Food and beverage sector getting all shaken and stirred
07
A CBRE analysis of U.S. consumer spending and demographic patterns suggests significant changes for food-and-beverage operators and the real estate they occupy.
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Cushman team subleases Avon floor at 777 Third Avenue
07
Cushman & Wakefield announced that the firm has arranged an additional sublease totaling 24,650 rentable square feet at 777 Third Avenue on behalf
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Brooklyn enjoys a big bump in first quarter office leasing
07
Leasing activity in the Brooklyn office market soared to 671,000 square feet during the first quarter of 2019, putting the market 99 percent above its
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SELLING POINTS: Innovo pays $54M for Bronx warehouse
07
● PINNACLE REALTYInnovo pays $54M for Bronx warehouse Innovo Property Group (IPG), a real estate investment and operating company founded by Andrew Chung
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Brokers warn WTC mall needs to shape up to draw shoppers
07
It’s been nearly two years since Westfield’s World Trade Center mall debuted to high expectations, but brokers say prospective tenants are wary of setting
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Savanna buys 521 Fifth Ave., plans fresh leasing campaign
07
New York developer, Savanna, announced the $381 million acquisition of 521 Fifth Avenue, a 498,711 s/f office and retail building located on the corner