New York
Top 5 Retail Space Sales
PropertyShark compiled the top 5 sales in retail for December 2017 in New York City.
Top 5 Office Building Sales
PropertyShark compiled the top 5 sales in office for December 2017 in New York City.
Gene Kaufman-Designed NYC Hotel Tops Out
The $10 million property will feature 79 guestrooms across 21 stories totaling 34,000 square feet. Optima Real Estate is the project’s developer.
Former Home of American Stock Exchange Up for Lease
For the first time ever, a joint venture between GHC Development and Clarion Partners is opening up the historic building at 123 Greenwich St. in Manhattan.
C&W Arranges Sale of 2 Mixed-Use Manhattan Assets
Acting on behalf of separate sellers, the commercial real estate services firm secured buyers for the properties, both of which are located in the Flatiron District near the popular Madison Park submarket.
Microhotel Operator Opens Times Square Location
This marks the company’s fifth—and largest—property under the Pod flag. The 28-story building offers 665 guestrooms averaging about 115 square feet, as well as 45 suites.
DelMonte Hotel Group Sells NY Portfolio
Hunter Hotel Advisors represented the seller in the disposition of the Courtyard by Marriott properties, which the new owners plan to renovate by investing $5 million in capital improvements.
Commercial Realty Group to Renovate NJ Headquarters
Commercial Realty Group acquired the asset in 2016 to serve as its Morris County HQ. The complete overhaul of the building will bring it to Class A standards and leave more than 24,000 square feet available for leasing.
NJ Trophy Office Asset Commands $27M
Intercontinental Real Estate Corp. and Ivy Realty have disposed of Morris Corporate Center IV, a two-building office property in Parsippany, N.J.
Manhattan’s Top 10 Office Deals of 2017
Although the first and last quarters of 2017 saw a decline in sales volume, the borough remains one of the priciest and most sought-after markets in the world.