New York
Forest City Ratner Tapped for Master Development of Cornell Tech Campus
Cornell University’s Board of Trustees is moving forward with plans to develop Cornell Tech, an innovation campus where tech industry professionals and businesses will work with university students under the same roof at the Roosevelt Island Campus of graduate high-tech education to create real-world applications and entrepreneurship.
C&W: Robust First Half Sets Stage for Strong 2013 in Manhattan
Leasing volume is up 11 percent year over year, average Class A asking rents top $75 per square foot in Midtown South and an average $178 million office sale price signals “the return of the mega-deal.”
ARC NYRR to Buy Office Building in Midtown Manhattan from SL Green for $220M
American Realty Capital New York Recovery REIT has agreed to acquire the office building at 333 W. 34th St. in Midtown Manhattan from SL Green Realty for $220 million, exclusive of closing costs.
Tech Firm Triples HQ with New Silicon Alley Lease in NYC
Midtown South continues to gain steam as Manhattan’s tech hub, and a new startup, PlaceIQ, just staked its claim to office space in the Silicon Alley neighborhood of the submarket with a new lease agreement.
New York Parks Now Have Free Solar-Powered Charging Stations
Imagine you’re taking a walk in the city and your cellphone starts ringing. It’s your mom / boss / partner / landlord and you know you absolutely must take this call but that evil “low-battery” message thinks something else. So what do you do, with no chargers around?
CIM, Kushner Buy 466 KSF Office Building in Lower Manhattan from Savanna
CIM Group and Kushner Cos. have purchased the 26-story office building at 2 Rector St. in Manhattan’s Financial District from Savanna.
Allied, Brickman Buy NYC’s Historic Brill Building for $186M
Allied Partners and Brickman have something to sing about. The real estate investment company and the private equity firm have completed the acquisition of The Brill Building, the landmark Manhattan tower that has long been synonymous with the music scene, for $186 million.
Muss Development to Build New Foxwoods Resort in Catskills
Foxwoods Resort Casino and Muss Development have signed a partnership agreement to build a destination resort style casino and hotel on a 500-acre site in Liberty, New York.
Carey Watermark Buys NYC Holiday Inn Hotel for $113M
Carey Watermark Investors has made its first New York City acquisition with the $113 million purchase of the 226-room, 24-story Holiday Inn Manhattan 6th Avenue in Chelsea.
Meridian Arranges $55M Refi of 5 Columbus Circle in NYC
Five Columbus Circle, the 225,700-square-foot office tower at 1790 Broadway in Manhattan, has been refinanced to the tune of $55 million.