New York
Blackstone Sells NYC Office Tower for $640M
The company found a buyer for the 683,000-square-foot 5 Bryant Park in Midtown Manhattan with the assistance of JLL and HFF. JLL also arranged $463 million in acquisition financing.
Manhattan Office Tower Lands $100M Refi
Partners GFP Real Estate and Northwind Group secured the 10-year loan, provided by Capital One Bank, for a 300,000-square-foot property in the Financial District.
The Future of Coworking Is in the Suburbs
Michael Berretta, vice president of network development for IWG, spoke to CPE about the New York City coworking market and how suburban areas fit into the company’s expansion strategy.
JRM Construction Adds New Project Director
Joseph Schimenti brings more than 20 years of experience in construction, having previously occupied various roles within Schimenti Construction Co.
How Does Supply Shortage Impact the NYC Retail Sector?
A new Marcus & Millichap report highlights how modest development activity, healthy population and job growth in the Big Apple affected retail vacancies and rents.
Caerus Group Retrofits Former Long Island City Facility
The fully renovated office building in the heart of the city used to be a jewelry manufacturing plant. Newmark Knight Frank announced the market debut of the new property.
HFF Arranges $10M Financing for NJ Storage Development
The company has secured the loan through the Bank of New Jersey for the construction of a 925-unit self-storage facility located in Nutley, N.J.
Manhattan to House Convene’s Largest Location
The flexible workplace provider will occupy four floors within the Brookfield Properties-owned One Liberty Plaza., joining tenants like Aon, Business Insider and New Avon.
AICPA to Relocate Central Park District Office
The financial organization is set to occupy roughly 30,000 square feet on the 27th floor of Fisher Brothers’ 2 million-square-foot office high-rise.
Long Island Office Asset Lands $17M Financing
The building comprises nearly 120,000 square feet and underwent an adaptive reuse conversion from data center to office in 2006.