The international law firm will continue to occupy a portion of the 19th floor in the 40-story building between Avenue of the Americas and Broadway, according Read More
Alliance Homecare, a visiting nurse and senior health services provider, has inked a deal to move across the street from its current Midtown digs.
Commercial Observer has learned the company signed a 4,985-square-foot lease to relocate its headquarters to 252 West 37th Street between Seventh and Eighth Avenues, according to ABS Partners Real Estate. Read More
A bank has sold the building housing its Crown Heights, Brooklyn branch and leased back space to keep its existing branch open, Commercial Observer has learned.
Carver Federal Savings Bank sold the 3,500-square-foot 1009 Nostrand Avenue between Sterling Street and Empire Boulevard to 3M Management for $2.4 million, according to a press release from Read More
In case you missed Commercial Observer’s blowout Times Square breakfast last month at 1675 Broadway, you can read the recap here, or see these clips from the distinguished panel that included William Rudin the chief executive officer of Rudin Management, Albert Behler CEO of the Paramount Group; Ellen Read More
A state supreme court appellate panel has upheld a nearly two-year-old decision on a longstanding Staten Island bruhaha involving a land deal gone bad by the Queens-based Muss Development.
In court documents filed last week, the panel found that allegations by Prince’s Point, an LLC, that Muss provided misleading information did not hold water Read More
Gary Simonetti, a senior director and head of bank loan originations in TIAA-CREF Global Real Estate’s New York office, has had a busy 12 months with the launch of the firm’s lending arm. The lending program—which operates through TIAA Direct, the company’s affiliated federal bank—committed $325 million in debt across 17 loans since early last year. Read More
If it isn’t already apparent how difficult it will be to please every community in a controversial citywide re-zoning effort, it probably will be once the City Council gets its hands on Mayor Bill de Blasio’s affordable housing plan tomorrow.
“I think because we’re such a diverse city, we’re finding out that basically there’s something in this Read More
VTS is continuing to grow. After upgrading to 7,400-square-foot digs on West 36th Street in late-2014, the leasing and asset management platform is moving, again, Commercial Observer has learned.
Brixmor Property Group, the nation’s largest owner of grocery-anchored shopping malls, today announced the resignation of four officials, including its chief executive officer and president, following a review by its audit committee that found financial statements were manipulated to show consistent net operating income.
The Manhattan-based real estate investment trust named Daniel Hurwitz, the former Read More
Soho’s Lafayette Street will be home to a new French restaurant and wine bar, Commercial Observer has learned.
Le Troquet will open in 1,100 square feet through a 10-year lease at 161 Lafayette Street between Howard and Grand Streets. The asking rent was $16,000 per month, according to Bertwood Realty, which brokered the deal. Read More
John Tishman, the longtime head of Tishman Realty and Construction and builder of such New York City properties as the Twin Towers and 666 Fifth Avenue, died over the weekend at his home in Westchester, N.Y. He was 90.
Tishman passed away as a result of respiratory failure, a family spokesman told The New York Read More
Mayor Bill de Blasio’s controversial plan to re-zone New York City in pursuit of affordable housing is getting some support from beneficiaries of the city’s last big affordable building boom: residents of developments built through the Mitchell-Lama program.
In letters to the New York City Council, resident leaders for Mitchell-Lama developments cited the importance—and strong demand for—affordable housing in the city.
“As members Read More
New York-based development firm Twining Properties and its investment partner CBD lined up $70 million in debt and equity to fund the development of a 27-story residential rental project in Long Island City, Commercial Observer has learned.
Development site sales in Queens hit a snag last year and might encounter a rough patch in 2016.
Sales of such properties, including vacant land, industrial buildings and garages, modestly declined in the borough to $1.47 billion last year from about $1.49 billion the year prior, according to Ariel Property Advisors’ end-of-year report provided Read More
Deutsche Bank provided a $780 million first mortgage to CalPERS, the California pension fund that acquired 787 Seventh Avenue for $1.9 billion, according to documents filed with the New York City Department of Finance.
No further details of the financing were immediately available, nor was it clear whether or Read More