Northeast
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.
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.
Leadership Skills: 2013 CREW Network Award Winners
The winners of the 2013 CREW Network Impact and Circle of Excellence awards, all highly successful professional women that have made inroads in commercial real estate, offer their words of wisdom on what it takes to be a real leader and how to mentor the next rising stars most effectively.
Clarion Buys Student Housing Community in Tucson
Clarion Partners has acquired Retreat at Tucson, a 183-unit student housing community located in close proximity to the University of Arizona’s main campus.
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.
Chariot Unveils $1B Revitalization Plan for Philadelphia
The local developer is eyeing a technology-centered business hub and a 1,050-unit residential community.
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.