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Prologis makes industrial play
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CBRE Group Inc. represented Prologis in the purchase of a 5.4 million-square-foot portfolio consisting of 3.2 million square feet of industrial properties and 2.
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NEW DEVELOPMENT: Naftali, Bright ‘n Green, Halcyon and Macklowe
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● THE NAFTALI GROUP Upper West Side homes a hot commodity The Naftali Group announced that 182 West 82nd Street is over 50 percent sold after one month on the market.
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Isaac Sitt’s Vesper Holdings launches fund
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Vesper Holdings, a privately-held real estate investment firm based in New York City, announced the launch of its fund dedicated to assembling a portfolio
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RFR’s Popkin: Midtown occupancy and asking rents set for a decline
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“There are some storm clouds on the horizon in terms of occupancy and in terms of rental rates in the Midtown market,” according to Gregg Popkin, president of RFR Realty.
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Savanna sells Chelsea property for $257M
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Savanna, along with its joint venture partner, the Silvermintz family, announced the sale of 540 West 26th Street, a newly constructed nine-story, mixed-use
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New poll shows SoHo locals back rezoning push
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Property owners pushing to stem the bleeding of businesses from SoHo and NoHo with a major rezoning say a new poll shows most of the locals want the same thing.
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Hudson Yards creating opportunities for all New Yorkers
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By any measurement, Hudson Yards, the brand-new neighborhood on Manhattan’s Far West Side is an overwhelming victory for New York. The crowds flocking
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De Blasio proclaims NYCHA facing its ‘worst financial crisis,’ unveils plan to raise funds with public land
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Mayor Bill de Blasio has just announced a 10-year public housing plan that aims to make major changes to the New York City Housing Authority.
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Colliers arranges 130,000 s/f Jersey warehouse lease for SIF Services
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Colliers International negotiated a lease for 128,700 s/f of industrial/warehouse space at Prologis Monroe, Two South Middlesex Avenue in Monroe Township, N.
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IN PICTURES: ESPN recognizes USTA Foundation
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Y. David Scharf, board member of the USTA Foundation and real estate litigation partner at Morrison Cohen LLP in New York, attended the ESPY awards as
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All Year Management secures $270M loan for Rheingold Brewery site
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Madison Realty Capital (MRC) provided a $270 million construction loan for the re-development of the former Rheingold Brewery site in Bushwick, Brooklyn.
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Durst refinances 42nd Street tower with $900M JP Morgan Chase loan
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The Durst Organization has secured $900 million refinancing for its 1.8 M s/f office and retail building at 151 West 42nd Street (formerly known as 4 Times Square).