Regions Northeast | New York
State Announces $25M in Funds for Building, Refurbishing Affordable Housing
May 08, 2008
New York State's push to increase its pool of affordable housing marches on as Gov. David A. Paterson announces that $25.5 million in grants and financing will be doled out for the renovation of 396 multifamily units in communities across New York City and in the western portion of the state.
Newsweek Relocating NYC HQ to 395 Hudson
May 07, 2008
Newsweek has signed a long-term lease for approximately 163,000 square feet at 395 Hudson St., owned by the New York City District of Carpenters Pension Fund.
Indian Bank Renews Manhattan Lease
May 02, 2008
The Bank of Baroda has signed a 20-year, 10,500-square-foot lease renewal for its U.S. headquarters at 1 Park Ave. in Manhattan, a CB Richard Ellis Inc. source told CPN exclusively today.
Madison Capital, PREI Team for $1B Urban Investment Plan
May 02, 2008
As many investors hesitate to buy assets, even in New York City, Madison Capital and Prudential Investors have their eyes on the prize. The firms are joining forces to acquire up to $1 billion in retail and mixed-use properties, the partners disclosed earlier this week.
LIRR to Reopen Republic Train Station
May 02, 2008
The Long Island Rail Road plans to reopen the Republic train station in East Farmingdale, which could lead to a 1.2-million-square-foot development in the area, Newsday reported.
TPG Renovates NY Office Tower
April 28, 2008
TPG Architecture recently completed 40,000-square-foot renovation at the 27-story 32 Avenue of the Americas, Dentsu America’s flagship location in TriBeCa.
SL Green, Hard Rock Submit Plan to Revitalize Aqueduct
April 28, 2008
SL Green Realty Corp. and Hard Rock International have submitted a proposal to revitalize the Aqueduct Race Track in Queens, N.Y., by developing and operating a mixed-use entertainment complex that includes racing, gaming, restaurants, retail and hotels.
Kushner May Sell Stake in 666 Fifth Ave. Retail to Pay Down Debt
April 25, 2008
A year after paying a record $1.8 billion for 666 Fifth Ave. in Midtown Manhattan, Kushner Cos. may sell a partial interest in the trophy tower’s coveted retail space to The Carlyle Group in order to retire short-term debt from the transaction, according to local sources.
Mediaedge Takes Lease in Manhattan
April 25, 2008
Mediaedge has taken a 160,335-square-foot lease at 825 7th Ave. in Manhattan, New York City, according to CB Richard Ellis Inc., which arranged the lease.
NYC Development Corp. Picks Team to Expand Trade Show Facility
April 23, 2008
New York City Economic Development Corp. has designated the Vornado Realty Trust and its wholly-owned subsidiary Merchandise Mart Properties Inc. to redevelop and expand the trade show facility on Manhattan’s west side between 51st and 54th streets, it has announced.
Town Sports Takes 82,000SF Lease
April 23, 2008
Town Sports International L.L.C. has signed a new 82,000-square-foot lease for an entire office/flex building in Elmsford, N.Y., Mack-Cali Realty Corp. has reported.
NYC Buildings Department Has Some Explaining to Do
April 22, 2008
The day after New York City Mayor Michael Bloomberg publicly revealed his disappointment with the city's Department of Buildings, pointing to the high number of construction accidents that have occurred this year, Buildings Commissioner Patricia Lancaster has tendered her resignation--and the Mayor has accepted it, without assigning blame.
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