New York
Colliers: NYC Office Leasing Ahead of ’12; Sales Prices Near Peak
The largest U.S. office market is on a pace to record 26 million square feet of leasing activity; Class A Midtown sales prices top $1,100 per square foot.
Developers Complete First Phase of Construction at Brooklyn’s Navy Green
City officials and developers gathered last week at the former site of the “Brig”, a former naval prison in Brooklyn’s Fort Greene, to celebrate the completion of the first phase of an $18 million project designed to reconvert the site into affordable housing.
Council Approves Plans to Build First NYC Outlet Mall, NY Wheel
Staten Island’s North Shore will become home to the world’s tallest Ferris wheel and a $260 million outlet center now that the New York City Council has approved the project expected to become an instant tourist attraction and landmark on New York Harbor and the city’s skyline.
Hines, Goldman Partner with Pontiac Land on High-Profile NYC Condo Development
Backed by $860 million in construction financing from a consortium of Asian bankers, a high-profile luxury condominium project planned for 53 W. 53rd St. next to the Museum of Modern Art, is moving forward after stalling during the recession.
RXR, Walton to Buy 237 Park in Manhattan from Lehman
RXR Realty and an affiliate of Walton Street Capital, have acquired 237 Park Ave., a 21-story office building, from an entity controlled by an affiliate of Lehman Brothers Holdings.
Three Off Broadway Theaters Scheduled for Opening in 2014 in Midtown West
In an ever-crowded place like Manhattan, where business and art go hand in hand, finding available space to open a new entertainment venue seems like a quest to find the Holy Grail.
$11 Million Extensive Renovation Completed at Tanya Towers
After two years of extensive renovations, a low-rent apartment building at 620 East 13th Street in Manhattan’s Lower East Side was reopened last week during an official ceremony.
RE World Wants Next NYC Mayor to Keep Bloomberg Policies in Place
According to speakers on a Newman Institute panel titled “New York’s Next Urban Agenda,” the impact on real estate of Mayor Bloomberg’s 12 years in office has been broad and sweeping: 37 percent of the city has been rezoned, and it has added new stadiums and luxury housing along the Williamsburg and Queens waterfronts.
Manhattan’s South Street Seaport Redev Breaks Ground
Redevelopment of Pier 17 at Manhattan’s South Street Seaport into an upscale retail, entertainment and dining venue topped by a one and a half-acre rooftop offering city and harbor views began Thursday with a groundbreaking ceremony.
Vornado Buys $194M Land, Air Rights for Central Park Condo
Vornado completed the acquisition of the land and air rights for 137,000 zoning square feet in a transaction valued at $194 million.