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Aim low: European investors lose appetite for risk
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The coronavirus crisis has led to a significant shift in the investment strategies of institutional real estate investors. “Lower risk, lower return” is
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Menchaca vows to fight Industry City rezoning as CPC backs plan
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The city’s Planning Commission has recommended a rezoning of Industry City in Brooklyn that proponents says could create over 20,000 new jobs.
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How the affordable housing industry can fill broadband gap
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Millions of New Yorkers lack adequate access to high-speed internet. This is in large part because families living in low-income areas are inadequately
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Colliers helping its retail clients set up online stores
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Colliers has launched a new partnership with Shopify to help their struggling retail clients set up online stores. The partnership will offer the brokerage
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Hoboken to get new marijuana dispensary
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Hoboken is getting a new medical marijuana shop. Land use consultants Dresdner Robin completed a zoning analyses for a medical marijuana site in the Mile
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Net-lease LI grocery fetches $19M
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Marcus & Millichap announced the sale and financing of a 60,896 s/f ShopRite grocery store in Uniondale, a suburb of Long Island, New York.
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COVID costing city $100M in lost real estate tax
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The city’s tax purse took a $100 million hit last month as property sales were cut in half by the coronavirus pandemic. With real estate representing more
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Danish footwear designer to open first US studio at BNY
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Danish shoe designer ECCO is set to open a design studio at the Brooklyn Navy Yard. It will be the company’s first studio space outside of Denmark and
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Coldwell Banker expands home improvement service nationwide
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Coldwell Banker Real Estate is expanding its RealVitalize program that helps sellers get their property looking ship shape for the sales market.
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AR Global shows faith in New York office market with new REIT stock listing
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New York City REIT, the investment trust formerly known as American Realty Capital New York City and sponsored by AR Global, is set to list its shares
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Amazon grows Manhattan footprint to 2.6M s/f with Lord & Taylor expansion
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Amazon has announced it will create 2,000 new jobs at its new 630,000 s/f Manhattan office hub inthe Lord & Taylor building at 424 Fifth Avenue.
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America’s colleges must learn real estate strategy, says CRE expert
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Strategies from commercial real estate can help colleges and universities better adapt to the adverse effects of COVID-19 on their business models, advises Jeff