Northeast

Manhattan’s Office Pipeline Remained Flat in Q1

The borough’s vacancy rate almost doubled since the onset of the pandemic, according to CommercialEdge.

Jamestown will undertake a $500 million redevelopment of One Times Square, the location of the New Year’s Eve Ball Drop.

Jamestown to Redevelop One Times Square for $500M

The longtime site of the New Year’s Eve ball drop will become primarily a visitor center for New York City.

HSBC Picks Tishman Speyer Tower for US HQ

The global bank will relocate to a new 65-story Midtown Manhattan building.

Parkview Financial provided a $92 million construction loan for the 1498-1538 Coney Island Ave. office and retail project in Brooklyn

Parkview Financial Provides $92M for NYC Mixed-Use Project

The office and retail development is rising in Brooklyn’s Midwood section.

LaSalle Investment Management has expanded its logistics footprint with the acquisition of Bellingham Distribution Center in Bellingham, Mass.

LaSalle Investment Management Buys $97M Logistics Asset

Bellingham Distribution Center is in
Boston’s largest industrial submarket.

Top 5 NYC Industrial Building Sales—March 2022

PropertyShark compiled the city’s top deals for the sector.

Top 5 NYC Office Building Sales—March 2022

PropertyShark compiled the city’s top deals of the month for the sector.

Manhattan: Sales Volume Depressed, Prices Surge

Office sale prices are 30 percent up year-over-year through February, according to CommercialEdge data.

SL Green to Buy Manhattan High-Rise for $445M

Expected to close in the second quarter, the deal marks the borough’s largest office transaction so far this year.

Seagis Property Group LP has refinanced a fully leased industrial portfolio spanning three boroughs in New York City.

Seagis Lands $61M Loan for NYC Industrial Portfolio

Acting on behalf of the borrower, JLL Capital Markets orchestrated the refinancing deal.