Northeast
Vision Group Ventures Plans 1.9 MSF Distribution Center in Pennsylvania
Vision Group’s plan for the sprawling industrial center in Lebanon County, Penn., entails three Class A facilities totaling nearly 1.9 million square feet and Panattoni has purchased a 129-acre tract for a 1.5 MSF development.
Viacom’s New 1.6 MSF Office Lease Now Manhattan's Largest
SL Green, which has been extremely busy in the Times Square submarket of Manhattan during the past year, has just notched another record: The signing of what the firm calls Manhattan’s largest office lease, which keeps media giant Viacom in the 1515 Broadway building through 2031.
Avison Young to Open NYC Office
Canada’s largest independently owned commercial real estate services company has made its debut in the Big Apple.
Manhattan Multi-Family Sales Jump in First Quarter
According to Ariel Property Advisors’ “Multi-Family Quarter in Review: New York City” report, New York multi-family sales increased 34 percent in the first quarter of 2012.
NYC's 530 Fifth Gets Upgrade, Shows Retail Demand Continues to Expand
The new owners of 530 Fifth Ave. in Manhattan are targeting fashion tenants as they upgrade and reconfigure the building’s retail spaces — and are riding the crest of a wave that shows the world-famous corridor is once again seeing rising rents for the sector.
Downtown NYC Hotel Site Sells for $28M; $70M Development Planned
A 6,160-square-foot development site at 133-135 Greenwich St. in Downtown Manhattan has been purchased by Hidrock Realty for $28 million, and the new owner plans to develop a 28-floor, 300-room hotel at the cost of $70 million.
Normandy Real Estate Partners Buys 280 KSF Times Square South Asset
In the most recent development for the Times Square submarket of Midtown Manhattan, Normandy Real Estate Partners has acquired the 280,000-square-foot, 17-story office building at 1370 Broadway for a reported $125 million.
Zell, Mack Talk Leverage, Recovery at Schack REIT Conference
In an annual REIT conference sponsored by New York University’s Schack Institute of Real Estate, Sam Zell and William Mack offered several hundred real estate professionals and NYU students their views on leverage, consolidation and the industry’s uneven recovery.
Cassidy Turley Named Leasing Agent for 1.1 MSF New Jersey Office Portfolio
Normandy Real Estate Partners has tapped Cassidy Turley to serve as the leasing agent for a 1.1 million-square-foot office portfolio in New Jersey, and in turn, Cassidy Turley has welcomed two of the real estate developer’s team members to the firm.
Quest for Growth Tops Agenda at NYU-Schack REIT Conference
Where is the growth in an age of uncertainty? Some of the industry’s most influential leaders wrestled with that timely question Thursday at the annual REIT conference organized by New York University’s Schack Institute of Real Estate.