New York
Midtown East Rezoning: Not for the Faint-Hearted
The new plans approved by the New York City Council allow the construction of modern office space, reduce challenges for redevelopments and aim at upgrading the area’s transit and pedestrian infrastructure. Still, experts say only sophisticated developers will be able to take advantage of the approved regulations.
NKF Tapped for Brooklyn Tech Hub Assignment
The firm will represent the remaining office space at Dumbo Heights, the 1.2 million-square-foot complex redeveloped by Kushner Cos., RFR Realty and LIVWRK.
RKF Leases 6 KSF at 1515 Broadway in Times Square
The 1515 Broadway office tower is leased to major employers such as media giant Viacom, PlayStattion Theater, Minskoff Theater, and KIKO MILANO and LINE FRIENDS who recently leased 1,542 square feet and respectively 4,629 square feet of space.
From Church to MOB in Queens
Regent Medical Properties LLC plans to replace the 20,803-square-foot building in Flushing, N.Y., purchased for $19 million, with a 12-story, mixed-use medical office building.
The US: the Original Skyscraper Kingdom
The U.S. showcased its booming 20th century economy by defying gravity, creating concrete and steel giants known as skyscrapers.
Pod Hotels Coming to Times Square
The brand is bringing a more micro unit-focused aesthetic, adding a ‘plug and play’ package of amenities to their extended-stay product.
CIM Buys Brooklyn Office Building in $171M Deal
The sale is expected to close in the fourth quarter of 2017. Though barely in the top 10 tallest buildings in Brooklyn, 16 Court St. is reportedly the borough’s tallest commercial office property.
HFF Secures $15M Loan for NJ Industrial Asset
The three-year, floating-rate loan through Malvern Federal Savings Bank is being used to cover acquisition and closing costs for a rail-served warehouse distribution building and adjacent 16-acre development site in South Brunswick.
NJ Retail Centers Trade for $34M
The two properties total 110,000 square feet and were sold to an affiliate of Urstadt Biddle Properties Inc. and The Klein Group LLC, in a transaction brokered by Gebroe-Hammer Associates.
Pair of NJ Office Buildings Trade for $21M
Alma Realty acquired the buildings out of REO through a sale arranged by CBRE, after the previous owner defaulted on a $24.1 million loan. The assets are 77 percent leased and offer 41,400 square feet of vacant space.