New York

New York-based real estate investment management firm Marx Realty has signed 184,000 square feet of new leases at 10 Grand Central since the announcement of the 36-story building's $48 million repositioning in mid-2018.

"Our lives are all changing in ways that were unimaginable just a week ago," New York City Mayor de Blasio stated.

Real estate services firm Cushman & Wakefield has appointed commercial real estate veteran Pay Wu as the New York Tri-State Regional Lead for Global Occupier Services.

Amazon has acquired WeWork's Lord & Taylor building at 424–434 Fifth Avenue between West 38th and 39th Streets in Manhattan for $1.1 billion.

Madison International Realty, a real estate private equity firm, has closed its commingled investment fund the Madison International Real Estate Liquidity Fund VII, with $1.2 billion of equity commitments, including sidecars, co-investment vehicles and general partner commitments.

The deal for the 350-acre campus also features a sale-leaseback component with Deerfield, IL-based Caterpillar Inc. The construction equipment manufacturer plans to keep approximately 500 of the company's employees on site and will lease back an office building along with a portion of adjacent industrial space.