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IREM introduces new sustainability certification as alternative to LEED
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Thousands of existing office, multifamily, and retail properties in the U.S. are working toward sustainability goals but cannot get LEED certification.
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Done Deals: Upper East Side 3-bed goes for $2.3M, Tribeca units trades for $5.8M
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MANHATTAN Yorkville 200 E89th St #44E $1,100,000 One bedroom post war full-service condo with south facing balcony. Separate dining area, generous closets
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SELLING POINTS: AMAC spends $59M on Rutgers St., GFI sells Brooklyn portfolio
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● AMAC Arbor acquires Rutgers building for $59M A New York-based investment firm purchased 10 Rutgers Street for $59 million in an off-market transaction.
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Rents trending down as landlords hand out concessions
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Rents in Manhattan and Brooklyn continued to trend downward during December, according to the monthly rental market report from Citi Habitats.
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Selling Points: Stellar Management sells SoHo boutique, Equus sells CT portfolio
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Xinyuan Real Estate Chinese expand NYC residential presence Xinyuan Real Estate Co., announced that its U.S. development arm, XIN Development Group International
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Healthcare firm VestraCare secures $41M to finance health center turnaround
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Arbor Realty Trust, Inc. announced the funding of a $41,650,000 bridge loan for the acquisition of James Square Health and Rehabilitation Center, a 440-bed
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REBNY, Building Trades reach deal for 421a extension
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The Building and Construction Trades Council of Greater New York and the Real Estate Board of New York have reached an agreement to extend the lapsed 421-a
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Savills Studley team pivots on Bʼway deal
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Savills Studley announced that Chicago-based law firm Vedder Price has signed a long-term lease for 52,555 s/f at 1633 Broadway for its New York offices.
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Bronx landlord sued for failure to protect tenants from lead
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Attorney General Letitia Dean accuses Chestnut Holdings of ignoring its responsibilities. New York Attorney General Letitia James announced a lawsuit against
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Gap takes 80,000 s/f at 111 West 33rd Street
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Empire State Realty Trust  announced thatGap Inc. has leased two full floors totaling 80,900 sq. ft. at 111 West 33rd Street, home of ESRT’s corporate headquarters.