New York
Related Cos. Adds New CFO
David Zussman has stepped up as the company’s most recent executive. He will succeed Michael Brenner, who will continue to serve as executive vice president.
Blackstone Expands Manhattan Lease to 575 KSF
The firm has called 345 Park Ave. home for the last three decades and will soon occupy a total of 16 floors in the Rudin family-owned office tower.
Knotel Grows NYC Presence With 4 New Leases
The coworking firm signed for a total of nearly 80,000 square feet in the Flatiron District and NoMad neighborhoods of Manhattan.
NYC Office Tower Trades for $269M
Taconic Investment Partners teamed up with TH Real Estate to acquire the 411,000-square-foot property. The new owners are set to reposition the asset by implementing building-wide improvements.
IKEA to Open First US City Center Store
The new location, which will feature the nation’s first IKEA Planning Studio concept, is scheduled to open in Midtown Manhattan in the spring of 2019.
Square Mile Provides $161M Loan for NYC Office Tower
Borrowers Rockwood Capital and Midtown Equities utilized the financing for the acquisition and repositioning of One Broadway, a 253,000-square-foot, landmark building in downtown Manhattan.
Biopharma Firm to Relocate NYC Flagship
Syneos Health will occupy 86,498 square feet across two floors in a Brookfield Properties-owned premier office building located within the Brookfield Place complex.
Industry Veteran Joins NKF
As executive managing director, Jeff Schotz will lead Newmark Knight Frank’s New Jersey Agency Services team, and will report to David Simson.
How Will Autonomous Vehicles Change CRE Development?
Jeffrey Berman, general partner at Camber Creek, shares his thoughts on how driverless cars will impact several aspects of the business, and how property management strategies would need to change in order to maintain revenue levels.
Manhattan Office Deal Tops SL Green’s Big Day
The office REIT’s biggest news was its entrance into the hot Hudson Yards market, with the purchase of a $440 million property located at 460 W. 34th St.