Investment - New York

NYC Retail Portfolio Commands $55M
Marcus & Millichap worked on behalf of the seller—a longtime family owner—in the 19-property transaction and also procured the buyer, Chestnut Holdings.
Retail
Westgate Resorts Buys Vintage Manhattan Hotel
The historic 300-key hotel in Tudor City, near Grand Central Station, has been rebranded as the Westgate New York City. It’s the company's first acquisition in a major city.
Hotel
AEW Sells NJ Retail Center for $42M
ShopRite is Wall Towne Center's largest tenant, making the roughly 100,000-square-foot property the only grocery-anchored retail center along Route 34.
Retail

  • Vornado to Exit Troubled Kushner Building in NYC

    Kushner Cos. will buy out Vornado Realty Trust’s nearly one-half interest in the 666 Fifth Ave. office condominium, as a sale of a similar stake to another mega-investor reportedly is pending.

    05 June 2018 10:39

  • Columbia Property Sells Manhattan Office Asset for $333M

    NYU Langone Medical Center has a 30-year triple net lease for the 390,000-square-foot building, which was recently converted for use as a multispecialty ambulatory care facility.

    31 May 2018 11:02

  • An $850M Gamble on a Famed Yonkers Casino

    The Yonkers Racing Corp. has agreed to sell the property and the operations associated with the Empire City race track and casino to MGM Resorts International and MGM Growth Properties LLC.

    30 May 2018 12:06

  • Blackstone Sells NYC Office Tower for $640M

    The company found a buyer for the 683,000-square-foot 5 Bryant Park in Midtown Manhattan with the assistance of JLL and HFF. JLL also arranged $463 million in acquisition financing.

    29 May 2018 11:11

  • NYU’s Sam Chandan on the Changing Real Estate Capital Markets

    The associate dean of the NYU Schack Institute of Real Estate discusses how economic and policy changes are impacting the real estate capital markets, the potential for a next recession and the risks investors should consider going forward.

    16 May 2018 16:36

  • Mixed-Use Brooklyn Asset Changes Hands for $12M

    CW Realty purchased the asset in Brooklyn's Bushwick neighborhood. The site consists of two tax lots that offer roughly 44,000 square feet of buildable area.

    16 May 2018 16:14

  • New Design for Lower Manhattan?

    Proposed modifications to the Stock Exchange District will be guided by three principles: creating an identity and sense of space, improving pedestrian experience and rationalizing essential deliveries.

    15 May 2018 08:59

  • Savanna Inks 23 KSF Manhattan Lease

    The company signed workspace provider Knotel to a seven-year lease at 31 W. 27th St. in the NoMad District, which is currently undergoing a massive capital improvements plan.

    11 May 2018 14:32

  • Terreno Picks Up Newark Industrial Asset for $6M

    The company completed the transaction with the help of $55 million in acquisition financing, secured by a nine-property portfolio located mostly in the Jersey cities of Newark and Kearny.

    10 May 2018 11:50

  • Boricua College in Brooklyn Sells for $31M

    Cushman & Wakefield arranged the sale of the vacant, three-building asset in Williamsburg, which can be converted into a mixed-use development with luxury apartments.

    07 May 2018 14:15

  • Queens Asset Lands $35M Financing, Awaits Expansion

    Madison Realty Capital secured the loan, which will contribute to the transformation of a now-vacant office building into 206,197 square feet of office and retail, as well as a 181-key hotel.

    07 May 2018 13:41

  • HFF Brokers Suburban NJ Office Campus Sale

    An affiliate of Hartford Investment Management Co. disposed of the seven-building park, which will receive a complete rebranding and repositioning under its new ownership.

    03 May 2018 18:57

  • Konica Minolta Consolidates US Operations

    The technology and IT services firm sold its Ramsey, N.J., headquarters through a sale-leaseback and acquired an adjacent industrial asset. The new campus will create 400 new jobs and house the firm's current Connecticut operations.

    30 April 2018 13:11

  • Investcorp Sheds Long Island Office Complex

    The assets sit in a highly transit-oriented area and, at 141,000 square feet, encompass the largest office campus in downtown Rockville Center, N.Y.

    25 April 2018 14:11

  • TAK Group, Bergen Real Estate Snag NJ Office Building

    The companies have teamed up on the acquisition of 365 W. Passaic St., a 218,500-square-foot, multi-tenant property in Rochelle Park.

    23 April 2018 10:33