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In 2018, New York City experienced a 21% drop in foreign immigration, which is threat to the future of the city, says the president and CEO of the Partnership for New York City.
“Tenants occupying this market are typically looking for facilities with good functionality in a strategic location, proximate to the major transportation arteries, the ports, Newark Liberty International Airport, and New York City. 1416 East Linden checks all the boxes…,” says Bussel Realty SVP Jordan Metz.
VICI Properties has completed the purchase of the land and real estate assets of the Greektown Casino-Hotel for approximately $700 million in cash, with Penn National Gaming acquiring the operating assets for approximately $300 million in cash.
The construction, engineering and architecture pros will upgrade Hudson Street between West Houston and Canal streets, adding pedestrian space and amenities.