New York
Luxury Hotel Breaks Ground in Tribeca
The partnership—including Caspi Development, Mactaggart Family & Partners and Barone Management—expects to deliver the 96-key Manhattan property in 2020.
NAI Hanson Brokers Northern NJ Flex Sale
The industrial flex building sits next to the intersection of Interstate 80 and the Garden State Parkway, offering convenient access across the region.
NYC Mixed-Use Development Secures $190M Loan
Trinity Place Holdings has begun construction on 77 Greenwich St., which will include luxury condos and a long-awaited public school for Lower Manhattan.
Forest City Initiates Major Retail Selloff
Once the Madison International Realty and QIC transactions are completed, Forest City will have exited from substantially all of the shopping center-based retail in its portfolio.
C&W’s John Cefaly on What Makes a Top Broker
Close to celebrating half a century at the 100-year-old firm, this leading New York broker has advice to share.
NYC’s Largest Modular Hotel Tops Off
Working on behalf of Brack Capital Real Estate and citizenM, general contractor Rinaldi Group is quickly approaching the completion of the 300-key citizenM Bowery Hotel.
Liquidation of New York REIT Accelerates
In a $520 million deal, the company sold 1440 Broadway, a LEED Gold-certified office building in Manhattan, to CIM Group. The transaction is accompanied by plans to sell three more buildings, soon after the announcement of yet another disposition, as the company winds down.
Paramount Executes 100 KSF Manhattan Office Lease
A software company will occupy two floors of Paramount’s 48-story office building, bringing the property’s leased occupancy rate to more than 95 percent.
Jernigan Invests in 2nd NJ Facility
The firm has invested $10.6 million in a proposed self-storage facility in Dover. Construction will begin in 2018, with completion slated for 2019.
Jamestown Acquires 280 KSF Bronx Mixed-Use Asset
The Class A building contains office and retail space and is leased to a range of tenants, including The City of New York and Montefiore Medical Center.