City: New York City

Commercial Observer Odiljon Tursunov, the owner of the Tashkent Supermarket grocery-store chain, has paid $18 million, or $500/sf, for the mostly vacant retail building at 1769 86th St. in Brooklyn, N.Y. Tursunov bought the 36,000-square-foot property from Allied Properties in ...

The Real Deal The Feil Organization has agreed to pay $32.5 million for four development sites at 360-370 Fulton St. in Brooklyn, N.Y. The New York company is buying three of the sites from Henry Modell & Co. of New ...

The Real Deal Grid Properties has sued Buffalo Wild Wings, claiming the restaurant chain owes nearly $800,000 in unpaid rent at 300 West 125th St. in Manhattan. The New York real estate investor also is seeking $7.7 million for the ...

Commercial Real Estate Direct Staff Report The average asking rent for ground-floor retail space in Manhattan was $618/sf in the first quarter, down 13.4 percent from a year earlier, according to CBRE. That was a 5.1 percent decrease from the ...

Real Estate NJ Crow Holdings is planning to build a 1.2 million-square-foot industrial park in Carteret, N.J., about 25 miles southwest of Manhattan. The Dallas company has proposed developing the three-building property on a 126-acre site that it recently acquired ...

The New York State Legislature this week agreed on a $212 billion state budget that does not include a recording tax for mezzanine loans and preferred-equity investments for commercial real estate properties. The New York State Assembly and Senate, the ...

Commercial Real Estate Direct Staff Report A total of 4.25 million square feet of office leases were signed in Manhattan in the first quarter, a 48.1 percent decline from the 8.19 million sf of leases inked at the same time ...

Crain's New York Business WeWork has vacated the 48,000 square foot of office space it had been leasing at 349 Fifth Ave. in Manhattan. Zar Property owns the eight-story building, which is between Fifth and Madison avenues, across from the ...

Crain's New York Business Yellowstone Real Estate Investments has paid $175 million, or $291,667/room, for the 600-room Watson Hotel in Manhattan, according to a report from Bloomberg. HSBC Bank sold the property, at 440 West 57th St., in a deal ...

Commercial Observer The Durst Organization has lined up $1.1 billion of financing against a pair of office buildings with a combined 1.76 million square feet in Manhattan. Bank of America, Citigroup and Wells Fargo Bank provided the financing, which will ...