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Investcorp buys two New York REIT buildings in Midtown West for $156M
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Bahrain-based asset manager Investcorp has bought two New York REIT office buildings as the company continues to liquidate its assets. Investcorpʼs U.
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Demolition: One of the last ways to deregulate a building
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By Adam Leitman Bailey and Dov Treiman With the passage in June, 2019 of the HSTPA, owners are desperately seeking ways out of rent regulation in an attempt
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Biden taps Polly Trottenberg for transportation role
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Former NYC transportation commissioner Polly Trottenberg has been named deputy secretary of transportation by President-elect Joe Biden.
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City to invest in creating three acres of new Hudson Yards parkland
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The City has begun the process of acquisition, design and construction of Phase II of the City’s Master Plan for Hudson Yards. The final phase includes
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Brookfield completes $2.8B acquisition of mall REIT Rouse Properties
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A Brookfield Asset Management unit has completed its acquisition of New York-based mall REIT Rouse Properties. Photo by Rene Schwietske/ Flickr The deal
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Investors Bank churns out over $3B in commercial mortgages
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Investors Bank Commercial Real Estate (CRE) Lending Group originated $3.09 billion in financing transactions in 2015. Photo by GotCredit/ Flickr The financing included $2.
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Boston Properties signs 300,000 s/f lease at 399 Park Avenue
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Boston Properties announced that it has signed a long-term lease for more than 300,000 sf with Millennium Management at its 399 Park Avenue property.
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New Yorkers hit the streets in support of HQ2
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While Amazon has yet to comment on reports it is reconsidering Long Island City for its HQ2, politicians and industry groups have thrown their support
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Stakeholders see plenty of upside in Garment District rezoning
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Still bogged down with a lengthy rezoning process in the Garment District, the city has picked up new zoning projects in SoHo and NoHo. The Garment District
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Avison Young brokers deals for two new Manhattan eateries
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Food is replacing feet in St Marks Place. Japanese eatery AO Bowl has opened a 700 s/f space in part of the space previously occupied by Foot Gear Plus
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Manhattes brokers $28M Brooklyn package deal
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The Manhattes Group announced the sale of a two-building 59,377 s/f Williamsburg/Bushwick package  of 42 apartments and three retail stores to Morgenstern
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Got Bitcoin? Cryptocurrency goes mainstream with real estate buyers
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The cryptocurrency Bitcoin, which has been associated with online drug marketplaces and ransomware attacks, is slowly gaining backing from the real estate industry.