New York Post Despite indications that more New York City employers are becoming more flexible when it comes to allowing employees to work remotely, companies in the city continue to renew their office leases For instance, law firm Fried Frank...
The Real Deal As New York City’s 421a property-tax exemption program reaches its June 15 sunset, the governor of New York State, Kathy Hochul, is proposing a replacement that would include mandates for certain “green” building...
Crain’s New York Business Emmut Properties has bought the 215-room Excelsior Hotel on Manhattan’s Upper West Side for $799 million and will convert it to apartments The company, which is led by John Young, bought the 15-story building...
The Real Deal A venture of Witkoff Group and Access Industries has acquired the XI residential condominium project at 76 11th Ave in Manhattan at a foreclosure auction The two-building project, along the High Line linear park on Manhattan’s...
Crain’s New York Business A bankruptcy court judge has allowed SL Green Realty Corp to be removed as property manager of 245 Park Ave in midtown Manhattan The 18 million-square-foot building is owned by HNA Group of China’s PWM Property...
Wall Street Journal Blackstone Group is in talks to buy a 49 percent stake in One Manhattan West, in a deal valuing the 21 million-square-foot Manhattan office building at $285 billion, or $1,357/sf The giant investment manager would be buying the...
NJBizcom J&J Snack Foods has agreed to lease 200,640 square feet of industrial space at LogistiCenter at Woolwich, a 1 million-sf property that’s under development in Woolwich Township, NJ, about 25 miles southwest of Philadelphia The...
Crain’s New York Business RFR Holdings has agreed to pay $300 million, or $1,064/sf, for the 282,000-square-foot office building at 475 Fifth Ave in Manhattan’s Bryant Park area The investment company is buying the Neo-Gothic...
Wall Street Journal A venture led by Paramount Group has agreed to pay more than $190 million, or $7,600/sf, for the 25,000 square feet of retail space in the lower three floors of 1600 Broadway in Manhattan’s Times Square district The venture...
The Real Deal Mitch Kossoff, a Manhattan attorney with a long list of property-owning clients in the city, has admitted to defrauding his clients over a three-year period Kossoff pleaded guilty to three charges of grand larceny and one for scheming...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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