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Accountants to take full floor at 575 Lex
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The ownership of 575 Lexington Avenue, led by George Comfort & Sons, announced today that Hertz Herson CPA LLP has signed a new 12-year, 9,763 s/f
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REITs showing their backbone as economy works to recover
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By Michael Siino As with each subsector under the umbrella of real estate, the effect of the COVID-19 pandemic on Real Estate Investment Trusts (REITs)
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Retail showing signs of flexing some post-COVID muscle
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A personal trainer whose business skyrocketed during the COVID pandemic is set to open his first stand-alone gym in Greenwich Village. Victor del Valle
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Olayan earns preservation award for 550 Madison transformation
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The Olayan Group has been awarded the New York Landmarks Conservancy Chairman’s Award for its preservation for the landmarked office tower 550 Madison.
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Janis shining the spotlight on goals of PWC
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Lenore Janis, the longtime president of Professional Women in Construction (PWC), is planning the organization’s annual awards reception to take place
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MRA buys CT distribution center for $50M
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Metropolitan Realty Associates (MRA), an investment company led by Joseph A. Farkas, has acquired a 304,249 s/f industrial property at 456 Sullivan Avenue
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Owners $1.3B behind on property tax payments
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City Comptroller Scott Stringer today reported that, as of February, $1.3 billion in real estate tax payments were overdue – equal to 4.
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REIT closes on $149M in net-lease investments
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Net lease giant WP Carey has announced investments totaling $149 million in “operationally-critical” triple-net leased properties. The transactions include
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Parkview funds $61M loan for Gold Coast development
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Parkview Financial has provided a $61 million loan to Chinese developer Hongkun USA to fund the predevelopment and entitlement process for a luxury, mixed-use
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ON THE SCENE: Latest middle market sales, exclusives
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SALES Avison Young announced the sale of two four-story residential properties in the East Village neighborhood of Manhattan. 349 East 13th Street was
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Northwestern Mutual expands NYC footprint
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Financial services company Northwestern Mutual is expanding its New York footprint, leasing two new offices in Harlem and Cedarhurst. In Harlem, the company
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CBRE acquires stake in flex-space provider Industrious
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CBRE has acquired a 35 percent interest in flex-space provide, Industrious, with an option to grow its investment to a 40 percent total stake.