New York
WeWork Signs 45 KSF Lease in Manhattan
Swiss pension fund AFIAA has reached full occupancy at 125 W. 25th St., a Manhattan office property the firm acquired last year for $150 million.
Mastercard Leases Midtown South Office Building
The credit card company will lease the full 212,500-square-foot New York City building and turn it into an expanded technology hub. L&L Holding is set to finish a major modernization and re-envisioning of the property before Mastercard’s move-in.
Berkadia Appoints New Head of Mortgage Banking
Hilary Provinse has joined the company after spending more than 15 years at Fannie Mae, where she led the firm’s mulitfamily debt lending activities.
Apple Opens Second Brooklyn Store
The company singled out the Fort Greene neighborhood as the home for its next location, shortly after opening a store in Williamsburg.
NYC Garage Portfolio Commands $50M
Kamber Management Co. added three prime condominium-based facilities to its collection. The properties are fully leased to Icon Parking Systems.
Lightstone Lands $260M Refi for Times Square Hotel
Goldman Sachs provided the refinancing for the 612-key Moxy Times Square, which made its debut in September of this year.
Allianz Takes Stake in Times Square Tower
The purchase from SL Green capped a year of investments in U.S. real estate that reached $3.5 billion for the company, which now has $16.3 billion in assets under management nationwide.
Top 5 Office Building Sales
PropertyShark compiled the top 5 sales in office for October 2017 in New York City.
Top 5 Retail Space Sales
PropertyShark compiled the top 5 sales in retail for October 2017 in New York City.
Surprisingly Strong 2017 for Manhattan’s Office Market
Despite initial doubt, 2017 turned out to be a record year for the office sector, noted Cushman & Wakefield’s Louis D’Avanzo. He discussed his expectations for the upcoming year, as a wave of new supply is set to hit the market.