New York
Top 5 Retail Building Sales—August 2020
PropertyShark compiled the top 5 sales in retail recorded in August 2020 in New York City.
Lehigh Valley Warehouse Project Lands $35M
Provident Bank originated the three-year development loan for J.G Petrucci Co. and PGIM Real Estate.
Cushman & Wakefield Closes New Jersey Office Sale
The company represented the seller and sourced the buyer of the 168,144-square-foot building in Florham Park.
Major NYC Project in Limbo After Rezoning Is Scuttled
Political pressure prompted Industry City’s developers to withdraw the 1 million-square-foot plan, but some local leaders remain hopeful that the Brooklyn waterfront project will eventually move forward.
Bronx Storage Asset Trades for $26M
Benefit Street Partners Realty Trust provided the buyer with a $29.9 million loan which also encumbers a recently acquired Long Island facility.
Boutique Manhattan Office Tower Tops Out
Sweden’s Klövern AB partnered with New York City-based GDS Development for the 12-story project in Chelsea.
Madison International Realty Expands in Manhattan
The firm has signed a lease with Tishman Speyer for its new headquarters location.
A Closer Look at Energy Retrofit Financing
More aggressive approaches to funding are needed in order to meet long-term climate goals, according to a recent ACEEE webinar.
Anthony Malkin on the Pandemic’s Impact
ESRT’s CEO talks about COVID-19’s effects on the firm’s portfolio, with a focus on the iconic Empire State Building.
REBNY Nominates Douglas Durst as Next Chairman
The chairman of Manhattan real estate heavyweight The Durst Organization would succeed Bill Rubin in the trade association’s top spot.