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  • CoStar's People of Note (Dec. 1) - Mobley Named CEO at Cushman, CBRE's Schoppmann and CBC's Abdo Promoted... December 1, 2017
    The following companies announced personnel moves this week: Cushman & Wakefield, CBRE, CBC Advisors, IRR, Hold-Thyssen, Schuckman Realty, Lloyd Jones Capital and SVN Parsons.img.pon{display: block; padding: 5px; width: 25%; max-width:180px; max-height: 220px; float: right;} img.pontwo{display: block; padding: 5px; width: 45%; max-width:360px; max-height: 220px; float: right;} img.ponthree{display: block; padding: 5px; width: 60%; max-width:510px...
  • MasterCard to Lease Entirety of 150 Fifth Avenue as it Expands Tech Operations in NYC November 30, 2017
    MasterCard has finalized an agreement for the financial services conglomerate to lease all 212,500 square feet of available space at 150 Fifth Ave. in New York City. MasterCard expects to move into the building in mid-2019, according to landlord L&L Holding in announcing the deal on November 30. With this lease agreement, MasterCard will more […]
  • This Summer, SKP Moving HQ to 1675 Broadway November 29, 2017
    Spielman Koenigsberg & Parker LLP (SKP), a global accounting services and financial consulting firm, has signed a 15-year lease to occupy 27,000 square feet at 1675 Broadway in New York City. The firm will take occupancy of its full-floor space in June 2018. Rudin Management Company Senior Vice President Robert Steinman tells CoStar News that […]
  • East Harlem Rezoning Could Increase Affordable Housing, Mixed-Use Development November 29, 2017
    With the East Harlem rezoning plan going to full City Council vote on November 30, many commercial real estate industry sources say they think the measure will pass. If the Council approves the plan -- which so far has secured more than $222 million in new investment - what's next for El Barrio? Provided the […]
  • NYC Office Sublets May Increase in 2018, says CBC Advisors New Partner November 28, 2017
    Corey Abdo has been promoted to partner at the New York City office of Coldwell Banker Commercial Advisors (CBC Advisors). Abdo, an industry veteran with 30 years of experience in commercial real estate and more than 5 million square feet of completed transactions, sees an increase in Midtown East office sublets in 2018 as tenants […]
  • Urban Edge Properties Refinances $544 Million in Property Debt November 28, 2017
    Urban Edge Properties (NYSE:UE) recently completed 16 individual loan refinancings totaling $663 million. Proceeds were used to defease and prepay the company's $544 million, 4.2% mortgage cross-collateralized by 39 assets scheduled to mature in 2020. The REIT generated $80 million of additional cash proceeds net of all refinancing costs. UE said the new mortgages have […]
  • Infrastructure Funds Gain Traction with Institutional Investors November 21, 2017
    The Global Capital Flows panel, from left to right: Paul A. Galiano, Sean T. Klimczak, Jonathan Dracos and Edward Pallesen.Credit: NYU Photo Bureau, Elena Olivo U.S. infrastructure funds are in great demand by institutional investors, and fund managers see the space as more opportune compared to traditional commercial asset investments, according to panelists presenting during […]
  • SL Green Contracts to Sell 600 Lexington for $305M November 20, 2017
    SL Green Realty has entered into a sales agreement to divest one of its Midtown East office assets at 600 Lexington Ave., agreeing to sell the property for $350 million. The sale price would amount to $1,005 per square foot, and the transaction is expected to close by the first quarter of 2018, subject to […]
  • Tax Reform, Amazon, the MTA and How to Pave a Road to New York City’s Growth November 20, 2017
    The Golden Apple panel, from left to right: William C. Rudin, MaryAnne Gilmartin, Scott Rechler, Stephen M. Ross, Robert S. Blumenthal [Moderator] and Sam Chandan.Credit: NYU Photo Bureau, Elena Olivo The packed room quieted quickly as Sam Chandan, associate dean of NYU's Schack Institute of Real Estate, announced the start of The Golden Apple 2017 […]
  • TH Real Estate Acquires Office, Retail Portion of Tower 270 November 17, 2017
    Nuveen affiliate and TIAA-CREF Investment Management subsidiary TH Real Estate has doled out $67 million to scoop up a 115,881-square-foot portion of the Tower 270 commercial building in New York City from AION Partners, a firm specializing in value-add, opportunistic real estate investments in New York, Washington, D.C. and the Sunbelt. The final sale price […]
  • Dickey Joins Schuckman Realty as VP, Landlord Representation November 17, 2017
    Schuckman Realty, a retail brokerage specializing in developments, redevelopments and renovations of shopping center properties in New York City, has moved to expand its business, hiring Trent E. Dickey as its vice president of New York City landlord representation, a newly-created position. In his new role, Dickey will lead the charge in managing brokerage teams […]
  • Gemini Trust Company Leases 34,000 SF on Park Ave South November 3, 2017
    Gemini Trust Company, a digital asset exchange and custodian, signed a lease for 34,000 square feet in the office building at 315 Park Ave. S in the Gramercy Park submarket. The 20-story building totals 331,000 square feet. The building was constructed in 1910 and was most recently renovated in 2007. Gemini’s lease includes the entire […]