New York
AllianceBernstein Closes Fund Above Target
The New York City-based company closed its second commercial real estate debt fund with $1.6 billion in commitments.
Top 10 NYC Commercial Property Sales Recorded in March 2016
Check out the ten most expensive commercial real estate deals recorded in NYC! The March 2016 data shows a substantial demand for development sites and mixed-use buildings. 1. 163 Front Street, Manhattan & 80-83 South Street, Manhattan Sale Price: $390,000,000 Buyer: Oceanwide Center NY LLC Seller: 80 South, LLC This two-building deal encompasses 163 Front Street and 80-83 South Street in Manhattan’s Financial District. YIMBY reports the newest flip of this development site property as a package deal with 820,000 square feet. The seller, Howard Hughes Corp., bought the South Street site for $100M in 2014. A plan for…
Wholesale Retailer Relocates and Quadruples Headquarters in Soho
Boxed will occupy the entire 12,912-square-foot second floor at 451 Broadway, after a four party transaction executed by Savills Studley.
Delaware Firm Buys 2,000-Unit Self-Storage Portfolio in Metro New York
A 2,000-unit self-storage portfolio made up of two facilities in Port Chester, N.Y., and New Haven, Conn., changed hands for a total of $25 million, or more than $218 per square foot.
Three-Point Play for Phillips Edison Grocery Center REIT II
The Cincinnati-based REIT recently acquired three grocery-anchored shopping centers located in Georgia, Florida and New York.
First Luxury Residential Hotel in NYC’s New Downtown Opens This Spring
Korman Communities opened its first luxury residential hotel in downtown Manhattan, offering premium services and top-of-the-line furnishings.
Davidoff Debuts Flagship Manhattan Store
The Swiss maker of luxury tobacco products recently opened a new global flagship store in the Financial District.
Legg Mason Completes Acquisition of Clarion Partners
The Baltimore-based company paid a reported $577 million to acquire a majority stake in the New York-based real estate investment firm.
Steinway & Debuts Midtown Manhattan Headquarters
The world-renowned piano maker has debuted Steinway Hall, its new global flagship, at 1133 Avenue of the Americas.
MHP Buys Half-Billon-Dollar Office Building in NYC
A joint venture between MHP Real Estate Services and China-based HNA Property Holdings paid a hefty price for 850 Third Ave. in Manhattan.
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