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Report: Midtown ranked as the sixth-most expensive office market in the world
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Midtown Manhattan is inching its way up the global rankings, placing as the sixth most expensive office market in the world. According to CBRE’s latest
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Corcoran Group awards top agents, teams at annual sales meeting
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The Corcoran Group recognized its top agents and sales team during the firm’s annual meeting on Tuesday, February 13. Pamela Liebman, Corcoran president &
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Butcher shop Hudson & Charles opening at 555 Amsterdam Avenue in UWS
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Top-ranked Manhattan butcher shop Hudson & Charles has expanded to a second location on the Upper West Side at 555 Amsterdam Avenue. Photo via Hudson &
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Hip Hop Hall of Fame unveils plan to build museum, five-star hotel in Manhattan
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The Hip Hop Hall of Fame (HHHOF) has unveiled plans for Manhattan that would include a museum, entertainment complex, five-star hotel, and retail that
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New tenants changing face of old downtown
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Lower Manhattan’s office market saw notable shifts and growth last year, including a diversification of office tenants, a dramatic increase in coworking
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HFF arranges $110M mortgage for TAMI target
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Holliday Fenoglio Fowler, L.P. (HFF) has secured a $110 million first mortgage financing for 180 Madison Avenue, a historic, 23-story, 280,953 s/f office
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Singer & Bassuk completes $33M Benenson deal to bring in new tenants
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The Singer & Bassuk Organization arranged $33.4 million in senior, non-recourse bridge financing for affiliates of family-owned real estate company
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RXR Realty closes on $463M loan for Extell
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RXR Realty has closed on a previously announced agreement with Extell Development Company to provide $300 million of mezzanine financing for the construction
Deals & Dealmakers
Brewer says plan to rezone Garment District may lead to fashion industry’s NYC exit
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Manhattan Borough President Gale Brewer has criticized the city’s rezoning plan for the Garment District, warning that the proposal may lead to the fashion
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New commuter ferry to Midtown Manhattan opening at Jersey City waterfront
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A new commuter ferry terminal is set to open at Harborside on the Jersey City waterfront on October 2. Jersey City Mayor Steven Fulop, NY Waterway President &
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Pembrook Capital closes $32M deal for Upper East Side mansion
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Pembrook Capital Management has closed a $32,750,000 first mortgage loan to finance a condominium project developed within a restored Beaux Arts mansion
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Landlords skimp on concessions as city rental market tightens
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City landlords got stingy with incentives as rents edged up in the first quarter, accroding to the Citi Habitats Rental Market Analysis for April 2018.