NYC’s 10 most valuable office leases of 2019
When it came to big office leases in New York this year, Hudson Yards was the place to be. The new neighborhood saw three of the city’s 10 most valuable office leases in 2019, more than…
Big tech puts Manhattan office leasing within reach of annual record
Manhattan office leasing is closing in on a strong finish to the year, as Facebook’s massive Hudson Yards deal pushed November’s leasing activity to a 5 percent increase year-over-year. The social media giant’s 1.5 million-square-foot lease…
TRD’s fall tri-state issue is live to subscribers!
Welcome to the fall edition of The Real Deal‘s Tri-state magazine! Here’s an overview of a few of the highlights in the issue, which subscribers now have access to: — Our cover story, the Great Salt…
These were the 10 largest Manhattan real estate loans in October
The top 10 Manhattan loans recorded in October totaled just under $5 billion, a 66 percent increase from the month prior. The largest was Fosun International’s $1.1 billion refinancing of its flagship property at 28 Liberty…
Brooklyn binge: Rabsky Group plans to bring 65-unit project to Williamsburg
Rabsky Group is beefing up its presence in Brooklyn even more with plans to build a roughly 73,000-square-foot mixed-use building in Williamsburg. The firm pre-filed plans for the project at 58 Union Avenue with the Department…
This Park Slope lot has been vacant for decades. Here’s why
Brooklyn’s real estate boom has made Park Slope one of the priciest neighborhoods in New York City. But one prime location, just steps from Prospect Park and a subway stop, has remained stubbornly empty for decades….
Acadia plows ahead with $122M retail investment in Soho
Soho has been one of Manhattan’s more troubled retail corridors in recent years. But, anticipating a rebound, Acadia Realty Trust has been scooping up storefronts in the neighborhood, particularly along Greene Street. In its third-quarter filing…
SoftBank to take control of WeWork at less than $8B valuation
WeWork has reached an agreement to be taken over by SoftBank Group, in a deal that will value the embattled office-space company between $7.7 billion and $8 billion, people familiar with the matter told The Real…
EB-5 investors rush in ahead of looming rules change
Alejandro Navia had been getting just a handful of calls each month from potential EB-5 investors for his development projects. A combination of fraud allegations involving the federal visa program and a backlog of green card…
Katten law firm moving to Rockefeller Center
Chicago-based law firm Katten is relocating its Manhattan offices to a large spread at Rockefeller Center. The company — formed out of the 2002 merger between Chicago’s Katten Muchin & Zavis and New York’s Rosenman &…