New York
JFK Airport Project Gets Liftoff With Engineering, Design Team
Mott MacDonald and Grimshaw Architects have been selected to lead the master planning, preliminary engineering and development process for a $10 billion redevelopment of New York’s JFK Airport.
Amazon to Bring Another 2,000 Jobs to NYC
The company secured a 15-year lease with Brookfield Property Partners to occupy 360,000 square feet of space at 5 Manhattan West.
Seagis Property Group Expands NYC Portfolio
The company acquired three warehouses totaling 135,000 square feet. This purchase marks Seagis Property Group’s entry into the Brooklyn submarket.
Empire State Inks 108 KSF Lease at 1400 Broadway
The company secured international law firm Fragomen, Del Rey, Bernsen & Loewy to lease floors eight through 10 at the iconic 37-story high-rise. Members of NKF represented both Fragomen and the landlord.
Madison International Buys Forest City Retail Stake for $1B
The company, which already owns a 49 percent stake in the New York City properties, is acquiring the remaining 51 percent interest from Forest City Realty Trust.
Monday Properties Hires New SVP
Wes Machowsky is the firm’s newest senior vice president of acquisitions, bringing vast real estate capital markets and leasing experience to the position.
GTJ REIT Snags FedEx-Leased NY Facility
The 43-acre, 248,370-square-foot property, located in a major logistics hub, is leased and occupied by FedEx Ground for a 10-year term.
Fitch: More U.S. Lodging Consolidation Is Expected
The growing power of industry leaders will drive more lodging consolidation, with Hyatt and La Quinta as desirable targets, per the rating agency’s most recent report on hospitality. Such growth strategies are also a way to balance the competitive environment disrupted by alternative accommodation operators.
NJ Shopping Center Changes Hands
The Hampshire Cos. sold Towne Shopping Center, a retail center anchored by ShopRite. The firm acquired the property in 2012, increasing its net operating income by creating a stabilized tenant roster.
Colliers Appoints New Senior Managing Director
With nearly three decades of real estate experience, Thomas Shirock will focus on strengthening the New York Tri-State Consulting Group’s business lines.