Regions Northeast | New York
Rebuilding Downtown JPMorgan Chase WTC Development Plans in Doubt
Has JPMorgan Chase finally backed off on plans to build an office tower at the World Trade Center site in lower Manhattan?
suffolk Markland Acquires 47 Citibank Branches in $100M Sale-Leaseback
An Irish investment group, which market sources have pegged as Markland Holdings Ltd., has acquired 47 Citibank branches in the New York City metropolitan area for $100 million.
NYC Mega-Deal Updates: Tishman Speyer Sails from Hudson Deal, Madison Square Garden Redo Moves Ahead
First the Moynihan Station deal stalled. Now the Hudson Yards plan is billowing smoke.
Seven-Person East Coast Retail Team Joins HFF
Holliday Fenoglio Fowler L.P. has announced that a team of seven capital markets professionals and analysts will join the firm.
One Old Country Rd. Treeline Sells Nassau County Office Building for $65M
An entity controlled by The Treeline Cos. has sold One Old Country Road in Carle Place, N.Y., a five-story, 315,000-square-foot office building, for $65 million.
Law Firm Makes Move to 185,000SF Digs in New 52-Story NYT Building
Boston-headquartered law firm Goodwin Procter has settled into its new 185,000-square-foot home at the 1.6 million-square-foot New York Times Building.
Development on Manhattan's West Side Falls Through
Tishman Speyer Properties was selected just six weeks ago to build the complex of office towers, apartment buildings, and parks over the railyards, the project is no longer.
Atlantic Yards MTA, Tishman Speyer Hit Roadblock on Hudson Yards Talks
The massive redevelopment of rail yards on Manhattan’s Far West Side is in limbo after talks between Tishman Speyer Properties and a local transit agency broke down late yesterday afternoon.
State Announces $25M in Funds for Building, Refurbishing Affordable Housing
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.
Sony Building Chosen Corporate Facility of the Year
Grubb & Ellis Co. has announced that 550 Madison Ave. was selected by the Mid-Atlantic Building Owners and Managers Association as Corporate Facility of the Year.
395 hudson Newsweek Relocating NYC HQ to 395 Hudson
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.
Whither the Humble Supermarket?
Poorer neighborhoods in New York's Brooklyn and Queens boroughs are feeling the loss of local markets.
New Designs for Brooklyn's Atlantic Yards Project Revealed Amid Controversy
Forest City Ratner Cos., developer of the $4 billion mixed-use Atlantic Yards project in Brooklyn, just unveiled the most recent renderings of the development.
Murphy Tapped as CBRE Vice Chairman
Patrick Murphy, a 27-year commercial real estate veteran, has been promoted to vice chairman at CB Richard Ellis Inc.
$660M Sought for Empire State Building Makeover
The Empire State Building will get a massive makeover if Peter Malkin, chairman of  Wien & Malkin, has anything to do with it.
PR Giant Makes Move to Empire State Building
Sports and entertainment public relations firm Taylor has made the move to its new home on the 38th floor of the Empire State Building in Manhattan.
Indian Bank Renews Manhattan Lease
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
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
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.
Delaware North Names Houser VP of Facilities
Buffalo, N.Y.-based Delaware North Cos. has promoted Jim Houser to the new position of vice president of facilities.
Esopus Creek Value,  Syms Shareholder, Demands Disclosure of  Development Intentions for 42 Trinity Place
Esopus Creek Value L.P., a shareholder that owns approximately 3.76 percent of Syms Corp., has announced that it sent a letter to the Syms Corp. demanding they disclose the development intentions for 42 Trinity Place in Lower Manhattan.
A.P.T. Parking Technologies, Westfalia Technologies Break Ground on N.Y.C. Automated Parking Garage
A.P.T. Parking Technologies, the nation's leading automated parking facility developer, together with Westfalia Technologies, the world's leading manufacturer of automated storage and parking systems, broke ground recently for New York City's largest automated parking garage project, it has announced.
TPG Renovates NY Office Tower
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.
FTSE Group Hires Ades as Business Unit Head
FTSE Group has appointed Ronnee Ades as business unit head, alternatives.
Andrew Mathias SL Green, Hard Rock Submit Plan to Revitalize Aqueduct
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.
 

Delivering Commercial Real Estate Developments in Depth


CPN works hard to bring you the real stories on commercial property value and commercial property development in the Big Apple. Keep up with the latest New York commercial real estate developments by subscribing to Commercial Property News.