New York
New Jersey Continues Warehouse, Logistics Surge
Even though the state hit a 17-year high for new industrial development, demand was voracious enough to more than offset it, as rents keep pace with massive absorption.
Former NJ Ballantine Brewery Commands $61M
A Turnbridge Equities joint venture acquired the 1.1 million-square-foot building in Newark. The property is also located in an Opportunity Zone.
Baranof Holdings to Develop NYC-Area Facility
The company is set to develop a 1,174-unit self storage property located in Yonkers. The project is expected to break ground in this quarter.
Muss Development Appoints Jason Muss as President
Muss will lead the family-owned company as the firm looks to reposition its major generational assets and invest in more properties in New York City.
Hampshire Cos. to Transform NJ Building to Self Storage
The firm acquired an iconic century-old property in Elizabeth, with plans to redevelop it into a 100,000-square-foot facility.
Avison Young Brokers Manhattan Retail Lease
Midtown Hardware will occupy roughly 3,500 square feet at a property that The Episcopal Church owns in Midtown East. The 11-story building also includes office space.
Vornado Completes $168M Manhattan Office Refi
The newly constructed 170,000-square-foot property in the Meatpacking District had been fully preleased before completion. Aetna took the office space, while the property also features one of the world’s largest Starbucks.
Challenges Facing the New York City Retail Market
In an exclusive podcast interview, Lee & Associates’ Peter Braus talks about the proposed vacancy tax on landlords, the uses doing well right now and the changing nature of retail.
Greystone Names New York MTA Project Executive
Jerry Del Tufo will be in charge of the company’s advisory team handling management and accounting services for the Authority.
On the Market: 5 Interesting Listings for January
This month’s listings include an historic property in Austin, Texas; a recently renovated hotel in the Minnesota suburbs; and a retail asset in the San Fernando Valley of Los Angeles.