New York
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.
Top 5 Retail Space and Office Building Sales
PropertyShark compiled the top 5 sales in office and retail for July 2017 in New York City.
Pantheon Sells 16-Acre NJ Industrial Site
Cushman & Wakefield’s Metropolitan Area Capital Markets Group negotiated the sale on behalf of the seller. Pantheon originally purchased the property in 1998 for $4.1 million.
On the Market: 5 Interesting Listings for August
This month’s listings include a Texas retail property built in 1900 and completely renovated in 2015 and a mixed-use multifamily and retail asset in Brooklyn’s Williamsburg neighborhood.