News
Manhattan Office Tower Joins LEED League
The Cushman & Wakefield-managed Heron Tower aimed for LEED Silver certification, but achieved LEED Gold status due to upgraded plumbing and air conditioning fixtures, as well as a brand new building management system.
Economy Watch: Positive Outlook for Nonresidential Construction in 2018
The Dodge Momentum Index ended 2017 on a high note, which bodes well for construction activity this year.
New Manhattan Office Product to Soar in 2018
Coming off strong leasing activity in 2017, the Manhattan office sector is set to welcome this year its highest amount of new office product since 1986, Cushman & Wakefield executives noted at the firm’s latest press briefing on the market.
Marriott Opens Long Island Courtyard
The 125-key hotel, located in Central Islip, N.Y., features amenities including a salt-water pool, a fitness center and rentable event space.
RAF Pacifica Nabs $24M Retail Asset
The company purchased the 39,000-square-foot retail portion of Pacific Station, a mixed-use development located in Encinitas, Calif.
Hines Redevelops OC Office Campus, Adds Tenants
Working with IA Interior Architects and LandLAB, Hines completed the $25 million redevelopment of Intersect, a 436,000-square-foot office campus in Irvine, Calif.
Upgraded IL Country Inn & Suites Opens Doors
The 119-key hotel is located in Hoffman Estates, near Chicago O’Hare International Airport and Sears Centre Arena. Its guest rooms, business center, fitness center, lobby and exterior were renovated.
Regency Snags Scripps Ranch Retail Center in CA
The 132,000-square-foot shopping center is located within the master-planned Scripps Ranch community. The asset is anchored by Vons and CVS.
C&W Arranges $14M Retail Sale in Queens
Midwood Investment & Development sold the fully leased, three-unit retail asset in Queens for $13.5 million.
Wachtell Lipton Renews 251 KSF Lease at CBS Building
Also known as Black Rock, the LEED Silver-certified office building was the first New York City skyscraper with a reinforced frame and was designated a New York City landmark in 1997.