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NEW YORK CITY-The 550,000-sf 600 Third Ave. is picked up by a joint venture of L&L Acquisitions and GE Asset Management for approximately $212 million. Seller Sumitomo will remain a tenant in the Grand Central-area tower.
NEW YORK CITY-Retailer Nike inked a 10-year deal for 83,000 sf at 111 Eighth Ave. The sportswear retailer will establish its local headquarters and have showroom space at the site.
NEW YORK CITY-The simultaneous transactions, which total $74 million for the nearly 400,000-sf tower, include a senior mortgage and an off-market buyout of an original investment partner.
MANHASSET, NY-As part of its national rollout, a luxury retailer takes space in the 220,000-sf Americana Manhasset. The center has recently undergone a renovation of its east end that attracted nine other high-end retailers.
NEW YORK CITY-A class-action lawsuit is filed against the World Trade Center ownership and management that claims the combination of lethal toxins at the site during the search-and-rescue period and afterwards affected the health and welfare of workers and those living in the vicinity.
FLATBUSH, NY-The $2.2-million sale of a city-owned parcel here clears the way for a $70-million retail development featuring Target as the anchor tenant. Triangle Equities is the developer of the project that is expected to be completed by the fall of 2006.
NEW YORK CITY-Some of the most prominent names in the real estate development industry submitted requests to be considered for the 1.4-million-sf Moynihan Station project. A Request for Proposals will be issued next month and a decision on the development team is expected early next year.
NEW YORK CITY-A report issued by the Alliance for Downtown New York on the current state of the Lower Manhattan commercial market finds that 50% of the firms have leases that expire within the next four years. Approximately 55% of those companies expect to ink renewals at their current location.
NEW YORK CITY-The price for the tower's office and retail components was $353 million. Equity Office takes the office part for $160.5 million.
NEW YORK CITY-Sitt Asset Management, which contracted for the acquisition of 6 Times Square for $160 million just days ago, is exploring the possibility of turning the upstairs portion into a hotel. The site once housed the famed Knickerbocker Hotel.
From Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
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Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
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How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource