newyork
Nonprofit Expands at 215 Lexington Avenue
NEW YORK CITY-The Council for Aid to Education has doubled its leasing space at 215 Lexington Avenue.
Acne Studios Leases at 33 Greene Street
NEW YORK CITY-Acne Studios, a fashion-forward clothier, has inked a 3,000-square-foot lease at 33 Greene Street.
Gotham City Restaurant Group Renews 20,000-SF Lease
NEW YORK CITY-Gotham City Restaurant Group has extended the lease for its 5,000-square-foot office space as well as the 15,000-square-foot retail lease for its eatery, The Coffee Shop, at 27 Union Square West.
W.P. Carey Lays Out REIT Plans
NEW YORK CITY-Describing the transaction as an “extremely important milestone” in the company’s history, the investment bank's president and CEO Trevor Bond called the deal “transformative,” but also a natural evolution.
DelShah Resolves Property Bankruptcies in Harlem and Midtown
NEW YORK CITY-The sites include 101 W. 126th St. and 639 W. 46th St., which will be repositioned and upgraded.
Pan American Hotel Still Up For Grabs
NEW YORK CITY-Located between LaGuardia and JFK Airports, the seven-story, 86,500-square-foot hotel could command a hefty price, Thomas Donovan of Massey Knakal tells GlobeSt.com’s Jacqueline Hlavenka.
Chelsea Parking Lot Becomes Prime Development Site
NEW YORK CITY-Marcus & Millichap arranged the sale of 140-144 W. 28th St., a 75,000-square-foot parcel that could be the home of a new hotel or retail space, sources say. It traded for $20.5 million.
Bilinguals to Shift to 7000 Austin Street
NEW YORK CITY-Bilinguals Inc. has inked a 15,400-square-foot lease at 7000 Austin Street in Forest Hills.
Nigro Plans to Redevelop Former St. Patrick's in Watervliet
ALBANY, NY-Nigro Cos. has reached a deal to purchase the former St. Patrick's church in Watervliet.
Stonehenge Acquires West Chelsea Multifamily for $34M
NEW YORK CITY-Eastern Consolidated represented seller Fortuna Realty Group on the 64-unit property, in this week’s wrap-up of deals.
Veteran Journalist Ben Johnson Joins Real Estate Forum, GlobeSt.com
NEW YORK CITY-The 25-year industry veteran, and former National Real Estate Investor editor, will be contributing a regular column focusing on the institutional investment market.
W.P. Carey to Become REIT
NEW YORK CITY-The investment firm is set to merge with Corporate Property Associates 15 Incorporated as soon as it changes its status to REIT.
NYC Multifamily Developers Go Back to Basics
NEW YORK CITY-As lenders become more stringent over how they deploy their capital, panelists agreed at the Mortgage Bankers Association of New York Inc.’s “Meet the Developers” conference that the days of complicated loan transactions are coming to an end.
MTB to Buy Office Condo at International Gem Tower
NEW YORK CITY-A gold dealer, currently located at 90 Broad St., is purchasing an office condominium in Manhattan.
Madison Avenue Office Tower Reaches Sales Block
Vornado Takes 38% Stake in Crowne Plaza Recap
NEW YORK CITY-The REIT is chipping in to help reposition the troubled 795-key hotel located at 48th St. and Broadway in the heart of Times Square.
C&W Appoints Michael Bartolotta As CFO
NEW YORK CITY-The 25-year veteran of the CRE industry was previously the CFO of EXOR Inc., the US operation of Cushman & Wakefield's majority shareholder. He will be based in the firm's World Headquarters in New York.
MTB to Buy Office Condo at International Gem Tower
NEW YORK CITY-A gold dealer, currently located at 90 Broad St., is purchasing an office condominium in Manhattan.
Waterbridge to Turn Brooklyn Facility into Retail Center
NEW YORK CITY-A real estate investment firm has completed the acquisition of an industrial building near the new Barclays Center sports arena site in Brooklyn.
Manhattan's 2012 Outlook: Segmented Growth
NEW YORK CITY-The tech boom is driving leasing and rents in Midtown South, but experts at Thursday's REBNY seminar said the near-term and long-term office picture is far more complicated than that.