News

News

Dr. Praeger's Leases Rare Freezer Space In Edison

Steve Lubetkin | August 10, 2018

The fully racked freezer space at 180 Raritan offers temperatures as low as -20 degrees, which CBRE senior vice president Lou Belfer says is a unique feature in the market.

News

Lincoln Unveils Spec Suites at Deerfield Point

Steve Lubetkin | August 10, 2018

Building owner TerraCap invested more than $40 per square foot in each suite to construct high-end spaces well differentiated from the competition.

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HFF Arranges Sale and Financing for Philadelphia Apartment Portfolio

Steve Lubetkin | August 10, 2018

Chestnut Hill Village and Blossom Row are situated on 45 acres surrounding Market Square, an ACME grocery-anchored shopping center, and adjacent to the Wyndmoor SEPTA regional rail station.

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Day Pitney Leases Full Floor at 605 Third Ave.

Betsy Kim | August 09, 2018

With the law firm’s arrival, Fisher Brothers has leased approximately 300,000 square feet following its major renovations at the Midtown East tower.

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Bridge Acquires Lenox Park Office Campus in Buckhead

Steve Lubetkin | August 09, 2018

This acquisition brings Bridge’s year-to-date total to nearly 4 million square feet of office space closed.

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Colliers Uses Ten-X Online Platform In Piscataway Office Sale

Steve Lubetkin | August 09, 2018

Colliers used Ten-X and its own proprietary investor database to market the property, resulting in 10 qualified, active bidders and the execution of 135 confidentiality agreements.

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SSRGA Law Firm Leases at 444 Madison Ave.

Betsy Kim | August 09, 2018

The law firm is relocating to the fifth and sixth floors of the Westbrook Partners’ Midtown East art deco office tower.

Midwest Downtowns Attracting Suburban Firms

Brian J. Rogal | August 09, 2018

The CBDs are now seen as great places to both work and live.

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Fashion Software Firm Moves HQ to 8 W. 38th St.

Betsy Kim | August 08, 2018

Exenta, which is moving into the Garment District, represents a bridge between the traditional fashion company tenants and the rising tenancy of tech firms.

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One Flatbush Ave. in Downtown Brooklyn Receives $125M Loan

Betsy Kim | August 08, 2018

The Meadow Partners and Slate Property mixed-use building is near completion.

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Pollack Shores Acquires Suburban Apartment Community

Steve Lubetkin | August 08, 2018

The acquisition represents the firm’s broader suburban investment strategy.

News

Sitex Adds 83K SF Moonachie, NJ Warehouse to Portfolio

Steve Lubetkin | August 08, 2018

Sitex will renovate the property’s interior and exterior – as it has dozens of other properties in the area – improving functionality and aesthetics to appeal to corporate occupiers.

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White & Case Expands to 489,000 SF at 1221 Sixth Ave.

Betsy Kim | August 07, 2018

The global law firm will occupy the top 10 floors in the former McGraw-Hill Building at Rockefeller Center.

Out-of-State Investors Expanding Suburban Footprints

Brian J. Rogal | August 07, 2018

Leasing activity in the metro area outpaces delivery, making it a good time to invest in many of the region’s submarkets.

News

Bouwinvest and MacFarlane Invest $750M in NY and CA High-Rises

Betsy Kim | August 07, 2018

New York City and Los Angeles can expect more residential apartment buildings, as another international team focuses in on the desirability of their locations.

News Thought Leadership

Croatan and Brightman & Gil Sell Peachtree City MF Asset

Steve Lubetkin | August 07, 2018

“Park Place provides a rare opportunity to own in one of metro Atlanta’s most exclusive and high-barrier suburbs,” says Cushman & Wakefield's Nathan Swenson.

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Rockfarmer and RWN Acquire Jackson Heights Mixed-Use Property

Betsy Kim | August 07, 2018

The buyers purchased the 128,000 square-foot Queens property for almost $56 million.

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Deutsche Finance America, BLG and Shvo Acquire Upper Floors at 685 Fifth Ave.

Betsy Kim | August 06, 2018

The partnership has purchased the vacant office space in the former Gucci Building for $135 million.

Industrial a Top Choice for Foreign Buyers

Brian J. Rogal | August 06, 2018

Years of investment activity means that available supply is low, and cities like Columbus and Memphis are seeing benefits.

News

Lincoln Property Sells Office/Industrial Flex in Doraville

Steve Lubetkin | August 06, 2018

“The building offers a great mix of office and warehouse space and presented an excellent opportunity for this buyer,” says Jeff Henson of Lincoln Property.

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Gebroe-Hammer First Half Sales Hit $775M

Steve Lubetkin | August 06, 2018

“The first six months have been extremely robust in terms of deal totals and units sold, with demand for every asset class—from class-A to value-add B/C product—hitting all-time high levels,” says Gebroe-Hammer's Ken Uranowitz.

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Brookfield and Vornado Save Kushner Cos. from 666 Fifth Avenue's Looming Debt

Betsy Kim | August 06, 2018

Kushner Cos. sells a 100% leasehold interest to Brookfield and buys the 49.5% stake from Vornado in its debt-saddled Midtown tower.

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Cushman & Wakefield Raises $765M in IPO

Betsy Kim | August 05, 2018

The offering listed 45 million of its ordinary shares at $17 per share.

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Madison Capital Refinances 1657 Broadway

Betsy Kim | August 03, 2018

The real estate investment firm received an $80 million loan secured by the Times Square property.

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Georgia Heights Mixed-Use Project Fully Leased

Steve Lubetkin | August 03, 2018

“With this property situated in the heart of the state’s largest college town, space at Georgia Heights will always be in demand."

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City Council Committee Approves Tech Hub Without Full Neighborhood Protections

Betsy Kim | August 03, 2018

Councilwoman Carlina Rivera voted to allow the Union Square tower without the development restrictions for the neighborhood originally requested.

Thought Leadership

P3 Buys Somerset Financial Center from Related Cos.

Steve Lubetkin | August 03, 2018

P3 will be applying its BLUE brand of management to Somerset Financial Center.

Investors Clamour for Grocery-Anchored Retail

Brian J. Rogal | August 03, 2018

Grocery-anchored centers are especially appealing if it has a hot retailer like Fresh Thyme.

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Warshaw Burstein Leases 40,000 SF at 575 Lexington Ave.

Betsy Kim | August 02, 2018

The law firm will occupy the full seventh floor at the Manhattan Plaza District tower.

News

SL Green Leases 43,000 SF at 711 Third Ave.

Betsy Kim | August 02, 2018

The latest tenants bring the building to almost 97% leased.

News Thought Leadership

Colliers NJ Names Avison Young Exec to Replace Simon as EMD

Steve Lubetkin | August 02, 2018

"With Dennis, we are getting a seasoned real estate executive with decades of experience in managing brokerage firms, specifically within the New Jersey market,” says David Amsterdam, Colliers president - investments, leasing and eastern region.

News

Rooftop Terrace, MARTA Lobby Art Installation and More Coming to Resurgens Plaza

Steve Lubetkin | August 02, 2018

“The nature of work is changing; today’s employees require flexibility and inspiration within their workday routines,” says Mark Vollbrecht, principal for ZRG.

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Bushwick Realty Holdings Receives $110 Million in Refinancing

Betsy Kim | August 01, 2018

Benefit Street Partners provided the funding for the multifamily development in Bushwick, Brooklyn.

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The Carlyle Group Leases Three Floors at One Vanderbilt

Betsy Kim | August 01, 2018

SL Green’s agreement with the global private equity company brings the Midtown tower to 37% leased.

News

Digital Branding Company Moves to One World Trade Center

Betsy Kim | August 01, 2018

Joining other TAMI companies, Undertone relocates its US headquarters from Midtown to the main building of the World Trade Center complex.

News

Camber and Advance Acquire Industrial Portfolio in Allendale

Steve Lubetkin | August 01, 2018

Alexander Cocoziello of Advance Realty says his firm and partner Camber plan to hold the properties as a long-term investment.

New Downtown Apartment Towers Filling Up

Brian J. Rogal | July 31, 2018

The Sinclair, the new 390-unit luxury apartment project at 1201 N. LaSalle St. in Chicago’s Gold Coast neighborhood, was 95% leased by July 1.

News

B6 Hires Executive Managing Director of New Jersey Operations

Betsy Kim | July 31, 2018

David A. Simon leaves executive managing director position at Colliers International to join Paul Massey’s newly formed investment sales and capital advisory brokerage firm.

Thousand Oaks Village In Atlantic Highlands Trades For $56M

Steve Lubetkin | July 31, 2018

1980s-era multifamily product within the submarket has the lowest vacancy rate and accounts for approximately 11% of the apartment inventory.

Shorenstein Lands Trio of New Tenants at Bank of America Plaza

Steve Lubetkin | July 31, 2018

The 55-story tower, the tallest in the Southeast, recently underwent a $10 million renovation to the building’s West Wing that delivered an array of premier amenities.

News

Extell Closes on $530M Brooklyn Point Financing

Betsy Kim | July 30, 2018

The 720-foot tall skyscraper at the City Point development offers the highest rooftop pool in the city.

KAMCO and 90 North Deepen Midwest Portfolio

Brian J. Rogal | July 30, 2018

The Kuwait-based investment firm continues to build a portfolio in US secondary markets.

Coworking Grows in the Midwest

Brian J. Rogal | July 30, 2018

Office users throughout the region have created a lot of demand for such services.

News

Columbia Residential Develops Affordable Senior Housing Near MARTA

Steve Lubetkin | July 30, 2018

East Decatur is one of the first affordable senior communities in the region offering such close proximity to a MARTA station.

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NAIOP Panelists: Regulatory Changes, Court Actions Reshaping Development

Steve Lubetkin | July 30, 2018

Jeffrey J. Milanaik of Bridge Development, NJ DEP Commissioner Catherine McCabe, and NAIOP NJ CEO Michael McGuinness were among speakers addressing the changes.

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What’s Old Is New: Renovations Coming to 10 Grand Central

Betsy Kim | July 27, 2018

Location and new amenities are cited as reasons why tenants recently leased and expanded at the Marx Realty Midtown property.

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Ariel Property Advisors President Sees Multifamily Market Softening

Betsy Kim | July 27, 2018

Shimon Shkury presented highlights from the company’s H1 2018 research, pointing to where he sees the market headed.

News

Hackensack Expands Special Improvement District

Steve Lubetkin | July 27, 2018

The expansion area will be incorporated into the current Special Improvement District, making MSBA’s services available to the more than 30 businesses located within the new area.

Research

Atlanta Makes Top Ten In CBRE’s Tech Talent Report

Steve Lubetkin | July 27, 2018

Atlanta grew its tech talent pool at the third fastest pace of all 50 markets, increasing by 34.7% in the last five years.

News

EY’s Appoints New Managing Partner of NY Office

Betsy Kim | July 26, 2018

In his new role, Herb Engert will oversee EY’s largest office.