New York
Affordable Rehearsal Space Available for Rent in Long Island City
With such a thriving arts and culture scene, New York City visual and performing artists are constantly on the lookout for new and affordable rehearsal spaces—while trying to stop the demolition of some already established Spaceworks LICartistic sites, such as the world famous 5Pointz which will be replaced by apartments.
Northwood Investors Buys Landmark Building in Lower Manhattan
Northwood Investors has purchased 100 Broadway, a 117-year-old, 24-story, 360,000-square-foot office building at Broadway and Pine Street in Lower Manhattan.
USTA Unveils $550 Million Makeover of the National Tennis Center
One of the world’s most anticipated sports tournaments is right around the corner. The 2013 US Open has reached its 133rd edition and will run on outdoor hard courts from August 26 to September 9 at the USTA Billie Jean King National Tennis Center in Flushing Meadows, Queens. This year’s Grand Slam event was officially extended by one day because of the poor weather conditions which have caused delays for the past five years.
What Vornado’s 655 Fifth Ave. Buy Means for Manhattan’s CRE
Vornado Realty Trust has grabbed another prime Fifth Avenue location just as the retail rents there are passing $3,000 per square foot, paying $278 million for a majority stake in 655 Fifth Ave., a retail and office property with 50 feet of frontage on Manhattan’s Fifth Avenue.
BAM Fisher is NYC’s First LEED Gold Certified Theater
The US Green Building Council (USGBC) marked another milestone last week when it awarded the LEED Gold Certification for New Construction to the newest addition of the Brooklyn Academy of Music (BAM).
Fairway Market to be Anchor Food Market at Hudson Yards
Fairway Market has become the latest company to lease space in the South Tower of the Hudson Yards project, taking nearly 46,000 square feet on the ground floor of the first office high-rise to be built in the 28-acre mixed-use development on Manhattan’s West Side.
Alloy, Monadnock Selected for Mixed-Use Project in DUMBO
The Brooklyn Bridge Park Board of Directors has selected a development team to design and create a 12-story mixed-use building located at 1 John Street in DUMBO, while expanding the parkland area into the northern portion of the park and improving pedestrian access.
Hudson’s Bay’s Saks Buy More About RE or Retailing?
When it raised the possibility of creating a REIT, assuming its proposed $2.9 billion merger with Saks Inc. goes through, Hudson’s Bay Co. also raised the question of whether the acquisition is more about the retailing or more about the real estate?
$3B Merger Saves Saks, Gives Canadian Co. Greater Growth in U.S.
Combined companies Saks Inc. and Hudson’s Bay will operate 320 stores, and possibly create a REIT.
Two Roaring 20s Landmarks Reinvented as Hollywood Studio, Event Space
Yes, you got that right! Hollywood! The Big Apple will soon have its first and only outdoor studio set on 36th Street between 34th and 35th Avenues in Astoria. Kaufman Astoria Studios, a historic film and media production facility that was established more than 90 years ago as Paramount’s east coast production arm, is looking to expand and bring a little bit of that Hollywood magic in this section of Queens.