New York
HFZ Starts Work on 600 KSF Manhattan Tower
The developer appears to be moving ahead with 29th & 5th, a 551-foot-tall project designed by Bjarke Ingels Group. Excavators and pile drivers are in use near the Empire State Building.
Top 5 Retail Space Sales
PropertyShark compiled the top 5 sales in retail recorded in June 2019 in New York City.
Top 5 Office Building Sales
PropertyShark compiled the top 5 sales in office recorded in June 2019 in New York City.
Lightstone Lands $70M in EB-5 Funding for Manhattan Hotel
On track for a September opening, the property is the third Moxy-brand hotel in Manhattan developed by Lightstone in partnership with Marriott.
Nation’s Largest Offshore Wind Agreement Winners
Empire Wind and Sunrise Wind development projects of Equinor, as well as Bay State Wind—a joint venture of Ørsted and Eversource Energy—are slated for completion by 2024.
Manhattan Office Report – Spring 2019
Although more than 14,600 professional and business services jobs were added in the metro, the financial activities sector lost 1,500 positions due to industry restructuring and business consolidations.
Everest Re Leases 315 KSF in Northern New Jersey
The reinsurance firm will relocate its U.S. headquarters to the Warren Corporate Center. Citigroup is currently in the process of moving out.
Record Numbers at Port of NY, NJ Track Logistics Boom
The seaport logged its highest cargo volume ever, rising to second place nationwide, which bodes well for the thriving local logistics sector.
Japan’s Consulate General Renews Manhattan Lease
The agreement follows a host of new and extended commitments at 299 Park Ave. since Fisher Brothers announced plans to renovate the 1.2 million-square-foot office tower.
Publicis Groupe Inks 1 MSF Lease at NYC Home
The French advertising and public relations firm has renewed 680,000 square feet and signed on for an additional 280,000 square feet at Hudson Square Properties’ 375 Hudson St. office tower.