New York
NYC’s Chinatown Welcomes New Luxury Hotel
Chu Enterprises developed the 229-key property at 50 Bowery, which marks the first-ever Joie de Vivre getaway in Manhattan.
Marriott Breaks Ground on Adaptive Reuse Hotel
The property, a former soap and candle factory, textile manufacturing facility and knitting mill, will soon join the company’s Tribute Portfolio.
Long Island Medical Office Portfolio Hits the Market
Cushman & Wakefield is marketing the sale of two medical office buildings located in Great Neck and Manhasset, N.Y. The assets total 70,167 square feet of space and are 88 percent leased to multiple tenants.
BH Properties Lands $253M Loan for NYC Portfolio
New York Life Real Estate Investors provided a 25-year mortgage and mezzanine facility for three Manhattan hotels totaling 1,179 guestrooms.
Empire Resorts Unveils New York Casino Name
The 18-story, 332-key Resorts World Catskills is expected to open in March 2018. The venue is part of a $1.2 billion four-season destination in Sullivan County.
Lansco’s Robin Abrams Joins Eastern Consolidated
After more than 38 years at Lansco Corp., Abrams will join the firm as a principal and vice chairman of retail. She is bringing along her team of brokers, as part of the Abrams Retail Strategies group.
NY-Area Overlook Corporate Center Completes Makeover
Theta Holding Co. wrapped up a multimillion-dollar renovation that included upgrades to the lobby and common areas, and construction of a conference room and fitness center at its 415,000-square-foot Overlook Corporate Center in Little Falls, N.J. The firm hired Colliers International to lease vacant space at the property.
Triple Five Closes $1.7B Loan for American Dream
The big-ticket project will bring 3 million square feet of retail and entertainment space to East Rutherford, N.J., including the largest indoor DreamWorks Water Park in North America.
Top 5 Retail Space and Office Building Sales
PropertyShark compiled the top 5 sales in office and retail for April 2017 in New York City.
RNY Property Trust Continues NY-Area Disposition Plan
The REIT selected Cushman & Wakefield to market the sale of its six-building Westchester County portfolio. It most recently sold 555 White Plains Road in Tarrytown, N.Y., marking the company’s third sale in this portfolio, this time to Mack-Cali Realty-owned Robert Martin Co.