Debt & Equity
Global accounting shake-up now in effect; Here’s what you need to know
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By John Corbett, MAI, ASA, FRICS and Marc R. Shapiro, MAI, MRICS, Newmark Knight Frank The Financial Accounting Standards Board (FASB) issued a crucial
Deals & Dealmakers
LEASES: Lee & Associates arranges 7-year, 11,000 s/f sublease at 40 West 25th
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NEW YORK ANDY UDIS ABS Partners Real Estate secured a five-year, 9,903 s/f lease for Grant Associates, a national workforce development company, at
Featured
Newmark to purchase RKF
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Newmark announced last last week it will buy RKF, the New York retail brokerage founded by Robert K. Futterman in 1998 that grew into an international powerhouse.
Featured
Student life is getting serious and developers are taking notice
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Forget Fish Bowl, Celebrity Heads and drinking games, today’s students are proving to be smarter than they’re given credit for when it comes
Retail
RFR signs Republic Bank to 90 Fifth Avenue retail
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RFR announced that Republic First Bancorp signed a 15-year retail lease at 90 Fifth Avenue. The lease agreement totals 7,748 s/f including 3,920 s/f on
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Sweetheart deal could spark retail revolution in Long Island City
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A sweetheart deal could spark a retail rush to Long island City, with or without Amazon. Robert Futterman, the chairman of Newmark Knight Frank’s retail
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Boy Scouts of America exits ESB for 22,000 s/f at Interchurch Center
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The Greater New York Councils of the Boy Scouts of America is relocating from the Empire State Building to The Interchurch Center at 475 Riverside Drive.
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Exciting times for commercial real estate in booming Garden State
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By David Simson, vice chairman and COO, NJ, Newmark Knight Frank 2018 was one of its more exciting commercial real estate years in the Garden State for
Deals & Dealmakers
Pharma firm exits NYC for CT
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CBRE announced that SpringWorks Therapeutics, a biopharmaceutical company that develops medicines for patients with rare diseases and cancer, leased 23,919
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Knotel pens 100,000 s/f more in leases
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Knotel announced that signed another five office transactions totaling 99,486 s/fK in New York City. The new transactions follow closely on the heels of
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Clarion pays $282M for Bryant Park office tower
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Clarion Partners has purchased 114 West 41st Street in Bryant Park for $282 million. Newmark Knight Frank (NKF) announced it brokered the sale on behalf
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SELLING POINTS: Coca-Cola taps Cushman for 5th Ave property, Avison Young tapped for $40 million UES portfolio
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● CUSHMAN & WAKEFIELD Coca-Cola to sell Fifth Avenue boutique The Coca-Cola Company has tapped Cushman & Wakefield to sell 711 5th Avenue.