New York
Gene Kaufman-Designed Hotels and Apartment Buildings Take Over New York City
The third quarter of 2014 has been extremely productive for Gene Kaufman, one of New York City’s most controversial architects. The ever-growing demand for hotels in the city—as seen in the traditional submarket of Midtown Manhattan, but also in Queens and Brooklyn, where the demand for new hotel rooms is also on the rise—resulted in 16 projects totaling more than 1,000,000 square feet of new construction underway between July 1 and October 1.
Two Prime Retail Properties in Manhattan Sell for Nearly $50 Million
Maguire Capital Group affiliate buys retail condo at 245 Seventh Avenue, Harbor International Group sells 1420 Broadway.
ULI Special Report: Cities Worldwide Grapple with Affordable Housing Issues
Urban centers globally, such as Hong Kong and London, are also grappling with affordable housing shortages.
Artsy 250N10 Rental Building in Williamsburg Is Now Fully Leased
LCOR, an investment management and development company with offices in the Philadelphia, Washington D.C. and New York City metro areas, recently announced its newest rental property in the Williamsburg neighborhood of Brooklyn is fully leased after less than half a year since the building was launched.
Microsoft’s First Flagship Store Will Open at 677 Fifth Avenue in New York City
It’s been a busy end of September for Microsoft. The software giant unveiled its newest operating system and announced plans to open its first flagship retail store on New York City’s glitzy Fifth Avenue.
655 Morris Will Bring 176 Units of Affordable, Energy-Efficient Housing in the Bronx
Work has started on a new residential building on the corner of Morris Avenue and 153rdStreet in the Melrose neighborhood of the Bronx.
Hudson’s Bay to Open Saks Store, Lease 400 KSF of Office Space, in Lower Manhattan
Hudson’s Bay Co. will open a three-level, 85,000-square-foot Saks Fifth Avenue store that will anchor Brookfield Place in Downtown Manhattan.
Post Properties Exits NYC, Sells 2 M-F Assets for $270M
Post Properties Inc. has bid adieu to the Big Apple with the disposition of Post Luminaria and Post Toscana, two luxury apartment communities featuring an aggregate 337 units.
Ross Stores Buys 1372 Broadway from Starwood Capital
The off-price apparel retailer acquired the leasehold interest in the 572,000-square-foot office building in Midtown Manhattan.
Fosun, JLL Team Up to Lease NYC’s One Chase Manhattan Plaza
A year after acquiring One Chase Manhattan Plaza for $725 million, Fosun Property Holdings is nearing completion of the 2.2-million-square-foot Manhattan tower’s repositioning and has enlisted JLL to facilitate leasing.