New York
Commuters Rejoice: Proposed Sky Gondola to Alleviate Traffic, Reduce Travel Times Between Manhattan and Brooklyn
An online real estate company wants to jazz up New York City’s soaring transportation system by proposing an innovative solution: an urban gondola that would run—scratch that, float—between Brooklyn and Manhattan, and possibly even Queens.
Morningstar to Move NYC Office to 4 WTC
Morningstar Inc. has signed a 10-year, 30,000-square-foot lease at 4 World Trade Center and will move to its new 48th-floor space in mid-2015.
Boston Properties Sells Interest in Office Buildings to Norges Bank for $1.5B
Norges Bank Investment Management, Norway’s sovereign wealth fund, continues picking up prime office assets in the United States.
Capital One Wraps $277M Loan Syndication for Brooklyn M-F Tower
The 554-unit high-rise will mark the final phase of Douglaston Development’s Edge mixed-use project in the Williamsburg section of Brooklyn, N.Y.
Neiman Marcus’ Planned NYC Debut Marks a Retail Milestone, Insiders Say
The Dalas-based luxury retailer is the latest high-profile addition to the retail roster at Related Cos.’17 million-square-foot mixed-use project on Manhattan’s West Side.
SL Green Unveils $210 Million Renovation Plan for Grand Central Station
The developer behind the giant office tower that will rise just west of the Grand Central subway station in Midtown Manhattan plans to invest around $210 million in extensive renovations and improvements at the iconic transportation terminal that’s been around for more than 140 years.
Hilton Garden Inn New York/Times Square Central Sold to DiamondRock for $127.2 Million
DiamondRock Hospitality, a real estate investment group based in Bethesda, recently added a new hotel to its portfolio of 27 properties across the U.S.
Morgan Stanley Mortgage Capital Supplies $700M CMBS Loan
The CMBS loan financed the acquisition of a leasehold position in the iconic 42-story Mobil Building in Manhattan.
Gaia Real Estate Takes Over 144-Unit Portfolio at The Corinthian in $147 Million Transaction
Massey Knakal Realty Services announced the sale and financing of a big portfolio of apartments in The Corinthian, a huge residential tower located a full block front of First Avenue between East 37th Street and East 38th Street in the Murray Hill neighborhood of Manhattan.
Shorenstein Gets $170M Loan from MetLife for Manhattan Asset
MetLife Inc. has provided Shorenstein Properties L.L.C. with $170 million in financing for 850 Third Ave., a 21-story, 615,000-square-foot office building on Manhattan’s East Side.