New York
RFR to Give Manhattan’s 285 Madison a $65M Makeover
The 530,000-square-foot office tower is undergoing a $65 million repositioning that will convert the vacant property into a premier, state-of-the-art Midtown office destination that will add a little recreation to the workplace.
Tishman Construction, AECOM to Redevelop Residential Tower in Central NJ for $80M
The Boraie Development Somerset Mews residential tower project in New Brunswick, N.J., moved forward this week with the announcement of Tishman Construction as the construction manager.
Ivanhoé Buys 51% Interest in NYC’s 1211 Avenue of the Americas
Ivanhoe Cambridge continues to expand its U.S. office holdings with the acquisition of the majority stake in 1211 Avenue of the Americas in Manhattan for $850 million.
City Announces Development Team for EyeBAM Mixed-Use and Cultural Building in Downtown Brooklyn
A team of six entities was chosen by Mayor Michael Bloomberg and NYC Department of Housing Preservation and Development representatives to develop BAM North Site II, the last vacant property within the Downtown Brooklyn Cultural District, also known as DoBro or Fort Greene.
Forest City, Greenland Strike JV Deal for Atlantic Yards
In a bid to jump-start one of the nation’s biggest development projects, a Forest City Enterprises affiliate has struck a deal with a Chinese investment company to develop the Atlantic Yards project in downtown Brooklyn.
Mayer Brown Signs 187 KSF Lease in NYC’s Rockefeller Center
The Rockefeller Group has completed an 187,000-square-foot lease with Mayer Brown at 1221 Avenue of the Americas, a 50-story office tower anchoring the western border of Rockefeller Center between West 48th and West 49th streets.
Citi, Simone Provide NMTC Financing for Metro Center Atrium in the Bronx
Simone and Citi Community Capital, acting in partnership with Monge Capital, provided New Markets Tax Credit financing for the construction of the 370,000-square-foot project which, as home to many healthcare and social services providers, will help fill the gap in medical services in the area.
C&W: ‘A Very Good 2013’ Rolls on for Manhattan
As 2013 enters the home stretch, the nation’s biggest real estate market continues to show healthy momentum on most fronts, according to Cushman & Wakefield’s New York City team.
Sumitomo Relocates, Expands to 98 KSF at 300 Madison Ave. in NYC
Sumitomo Corporation of America went on the hunt for newer, more efficient digs near Grand Central Terminal for the relocation of its North American headquarters in New York City, and it has found just that at 300 Madison Ave.
One WTC Launches Build-to-Suit Leasing Program
The Durst Organization, co-developer of One WTC along with the Port Authority of New York and New Jersey, recently launched its pre-build/build-to-suit program, earmarking a total of 94,000 square feet for units ranging in size from 2,000 to 20,000 square feet to accommodate as many as 18 tenants.