State: New York - NY
Brokers Become More Pessimistic on State of New York Market
Commercial real estate brokers in New York have become even more pessimistic than they had been, according to a survey by the Real Estate Board of New York, or REBNY. The trade group, which represents brokers, building owners, managers and ...
NYC Nears Deal for Vornado to Develop Film Studios on Pier 94
Crain's New York Business New York City is close to sewing up a deal in which Vornado Realty Trust would build a 200,000-square-foot film and television studio on Pier 94, near 54th street in Manhattan. At the same time, the ...
Jeffery Gural-Led Group’s Bid of $161Mln Wins Manhattan’s Flatiron Building
The Real Deal A group led by Jeffery Gural has turned in the high bid of $161 million for Manhattan's Flatiron Building at an auction earlier today. Gural's group, whose members have been the building's majority owners, beat out five ...
377-Unit Apartment Property Debuts in Hackensack, N.J.
REBusiness Online Garden Communities has completed construction on the 377-unit Jefferson apartment property in the New York City suburb of Hackensack, N.J. The property, at 2 Kinderkamack Road, has one- and two-bedroom units ranging from 735 to 1,598 square feet. ...
Leasing Activity in Manhattan Affecting Big Office Loans
Leasing activity in the Manhattan office market totaled 7.36 million square feet in the first quarter, nearly 10 percent less than the 10-year quarterly average of a little more than 8 million sf, according to Colliers. The lackluster leasing is ...
500 Mamaroneck Ave.
The 297,548-square-foot office building at 500 Mamaroneck Ave. in the Westchester County, N.Y., town of Harrison that Empire State Realty Trust Inc. sold for $53 million, or $178/sf, has been split into fee and leasehold interests. Empire State, a New ...
Holiday Inn in Queens, N.Y., Sells for $76.5Mln
The Real Deal Bayrock Capital has paid $76.5 million, or $200,787/unit, for a 381-room Holiday Inn hotel in the Long Island City section of Queens, N.Y. The Valley Stream, N.Y., investor bought the property from McSam Hotel Group of New ...
Servicer of $275Mln Loan Against Fee Interest on Manhattan Hotel Deems Advances Non-Recoverable
Commercial Real Estate Direct Staff Report The servicer of the $275 million mortgage against the fee interest in the Row Hotel, formerly the Milford Plaza at 700 Eighth Ave. in Manhattan, has deemed its advances to no longer be recoverable. ...
Lightstone Completes Construction of 303-Room Hotel in Lower Manhattan
REBusiness Online Lightstone Group has completed construction of the 303-room Moxy Hotel in Manhattan's Lower East Side. The property, at 145 Bowery St., includes a Japanese restaurant, rooftop bar, nightclub, lobby café, coworking spaces and event rooms. The hotel is ...
New York City Officials Push for 421-a Replacement
Crain's New York Business New York City government officials are itching to develop a program to replace the now-expired 421-a tax abatement, which had provided tax breaks to developers for including affordable units in their apartment projects. A stumbling block ...
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