New York
National Resources Snags Former IBM Campus
The company purchased the land from GlobalFoundries, which will continue to own 160 of the 300 acres the property sits on, while leasing building space from NRE.
Jack Howard Moves Up at CBRE
He will take on his new role as executive vice president of the firm’s National Loan & Portfolio Sale Advisors branch, after serving for more than 12 years in various positions within the company.
Blackstone Appoints New Executive
Industry vet Kelley Morrell joins the company as managing director & head of asset management for the Tactical Opportunities business.
Creative Office Project Breezes Through Brooklyn
The Hudson Cos. began construction on the Breeze, a three-story project totaling 100,000 square feet of office and retail space at 315 Meserole St. in East Williamsburg.
Breaking Down Brooklyn Retail: A New Manhattan?
The retail market in Brooklyn is bucking national trends, with prices and rents for retail properties on the rise as the borough experiences a population boom. But the surge in popularity comes with its challenges, notes GFI Realty Services President Michael Weiser.
DOI Signs Major Lease at 180 Maiden Lane
Clarion Partners and MHP Real Estate Services have signed the New York City’s Department of Citywide Administrative Services to a 276,000-square-foot lease, making the department the building’s largest tenant.
Mitsui Fudosan Buys Stake in $3.6B Hudson Yards Project
The Japanese developer will take a 90 percent stake in 50 Hudson Yards on Manhattan’s Far West Side. The deal follows its 2014 acquisition of the nearby 55 Hudson Yards tower.
Compass Appoints New CFO
Craig Anderson joins Compass following David Snider’s surprising return to Bain Capital. Anderson previously held senior roles at Flywheel Sports and Blackstone.
New York Health Care Center Breaks Ground
A team comprised of The Congress Co., Congress/Consigli JV and The Architectural Team will develop White Plains Institute for Rehabilitation & Healthcare. The construction of the 160-bed skilled nursing facility will commence this month.