New York
Ariel: January NYC M-F Sales Show Strong Start to 2014
Multi-family transactions will continue to dominate the scene in the Big Apple on a grand scale in 2014, according to Ariel Property Advisors’ Multifamily Month in Review for January.
Urban Future Lab Incubator Opens in Downtown Brooklyn’s Tech Triangle
The network of business incubators and accelerators is booming throughout New York City. A new facility designed to house startups and support sustainable infrastructure officially opened last week at in Downtown Brooklyn’s “Tech Triangle”.
JLL: Rents Expected to Keep Rising at U.S. Skyscrapers
Rents are rising and vacancy rates are falling at America’s trophy skyscrapers, spurred by aggressive investors, tightening supplies and the growing technology, energy and healthcare sectors.
Meridian Capital Arranges $142M for Acquisition of Brooklyn Office Property
Meridian Capital Group arranged a $142 million mortgage for the purchase of an office property in Brooklyn’s Fort Greene neighborhood on behalf of RXR Realty and American Landmark Properties.
$225 Million Mixed-Use Tower to Revitalize Downtown Jamaica
Greater Jamaica Development Corp. has plans for a mixed-use tower that is expected to revitalize an underdeveloped site at 93-01 Sutphin Boulevard and the corner of Archer Avenue, near the Jamaica AirTrain Station area and across from the Long Island Rail Road station.
SL Green Buys Ivanhoe Cambridge’s Stake in NYC Citigroup HQ
SL Green Realty Corp. will acquire Ivanhoé Cambridge’s stake in 388-390 Greenwich St. in Manhattan’s TriBeCa, thus assuming full ownership of Citigroup Inc.’s 2.6 million-square-foot headquarters in New York.
Hotel 373 and the Historic Waldorf Astoria in Midtown Manhattan May Hit the Market
The luxury Hotel 373 and the Waldorf Astoria in Midtown Manhattan could hit the market soon.
RFR, Vanke Break Ground on Luxury Condo Tower in Manhattan
RFR Holding and Vanke, China’s largest residential developer, broke ground Tuesday on 610 Lexington Ave., a luxury residential condominium on East 53rd Street in Midtown Manhattan.
Madison Int’l Acquires Interest in Downtown NYC Retail Condo for $68M
Madison International Realty shelled out $68 million on the acquisition of a non-controlling 49 percent interest in a retail condominium at 510 Sixth Ave. in Manhattan.
Vornado to Sell Broadway Mall in Hicksville, NY, for $94M
Vornado Realty Trust has entered into an agreement to sell Broadway Mall in Hicksville, N.Y., on Long Island, for $94 million.