NEW YORK CITY—The joint venture plans to reposition the asset into a high-end rental property after purchasing the building's fee-simple interest, GlobeSt.com has learned <b>EXCLUSIVELY</b>.

NEW YORK CITY—Featuring 14 properties in Brooklyn and one in Staten Island, the portfolio was picked up for $236 million.

NEW YORK CITY—Starting with available space at 452 Fifth Ave., the relationship between the two firms will focus on marketing and leasing services.

NEW YORK CITY—Following a bidding war with dozens of buyers, the sprawling group of 17 properties concentrated in Williamsburg section of Brooklyn went to a joint venture between L3 Capital and ASB Real Estate.

NEW YORK CITY—Becoming a senior director at the firm, Frantz brings nearly a quarter-century of experience of representing both landlords and tenants to the position.

NEW YORK CITY—In a panel discussion on the state of New York City commercial real estate, sponsored by the local chapter of the Real Estate Services Alliance, industry experts discussed looking beyond Brooklyn and some said they're even marketing the city's surrounding areas.

NEW YORK CITY—Investors and developers in the borough—which only has been on the rise for the last few years—already are noticing new trends and looking beyond the area's most buzzed-about areas.

NEW YORK CITY—The occupier, in a relocation and expansion from 5 Penn Plaza, is taking three floors at the iconic Midtown tower.