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New York's original leading source for commercial real estate news focusing on Manhanttan, Queens, Brooklyn, the Bronx, Staten Island, New Jersey and Westchester County covering analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.

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    Sotheby’s to go Private in Late 2019 in Nearly $4B Deal

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    Domenico De Sole, chairman of Sotheby’s Board of Directors, says that the board of directors approved the purchase deal after a comprehensive review. “After more than 30 years as a public company, the time is right for Sotheby’s to return to private ownership to continue on a path of growth and success," he says.

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    Eldorado Resorts Agrees to Sell Three Casinos for $385M

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    The agreements call for Century Casinos, Inc. of Colorado Springs, CO to acquire the operating assets of the three properties from Eldorado Resorts for approximately $107 million and VICI Properties Inc. of New York City to acquire the land and real estate assets of the three properties for approximately $278 million.

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    Allianz Buys $384M Stake in 30 Hudson Yards Office Condo

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    The deal is structured as a sale leaseback as part of a consortium alongside Related Cos. and a third-party investor.

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    Global Office Occupancy Costs on the Rise

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    The biggest gainer within the top 10 cities was Midtown Manhattan in New York City, which climbed to the fourth most expensive market this year from the sixth last year.

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    Industrious Enters Kansas City Market with Deal at Country Club Plaza

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    Industrious Country Club Plaza will offer co-working and private offices for teams of various sizes. The new location in Kansas City is expected to open for business in the third quarter of this year.

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    The Healthcare Hotel

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    The design in healthcare facilities can help patient wellbeing and recovery, reducing bottom line costs.

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    With the vote on Friday, lawmakers say the reforms give New Yorkers the strongest tenant protection in history.

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    Australian artists Maurice Goldberg and Matthew Aberline designed and created the approximately $20,000 installation that will be on display at the Oculus through June 28 before joining the NYC Pride March.

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