Tech firms lead sublease charge into Manhattan’s office market
Tech firms are racing to upgrade New York offices on the cheap to accommodate growth, taking advantage of high-quality...
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Akiko Matsuda
National Issue
Can John Forrester take Cushman to the next level?
For his first media interview as CEO of the global commercial real estate firm DTZ in 2011, John Forrester’s chosen venue was the Gherkin — the famed bullet-shaped skyscraper in London’s financial district that...
Biggest project filings: Developers propose 1,500 apartments in Gowanus
Five of the 10 biggest construction projects filed in November are in Gowanus. Late in the month, the City...
Tri-State
Mack-Cali rebrands as Veris Residential, signifying shift in focus
Mack-Cali Realty is making its office-to-multifamily pivot official. On Friday, the New Jersey-based real estate investment trust will begin...
Microsoft’s Manhattan landlord scores $170M loan
Microsoft’s new landlord in Manhattan’s Flatiron District has landed a $170 million mortgage. Bromley Companies will use the loan...
Manhattan office leasing breaks 3M sf barrier for first time since early 2020
Manhattan’s office market recovery continued last month, even as Covid levels rose in many parts of the state. Office...
Tri-State
Brookfield picks up Clifton industrial complex
Some day, the inferno of industrial buying will burn out. Not today, though. Brookfield Asset Management just threw another...
National
Ex-Newmark brokers appeal 1-year ban after judge upholds noncompete
Three former Newmark brokers who jumped ship to CBRE are fighting back against the enforcement of a non-compete agreement...
Chetrit’s Queens industrial loft signs warehouse startup for 90K sf
Flex-warehouse startup ReadySpaces has inked a 90,000-square-foot lease at Isaac Chetrit’s industrial loft building in Ridgewood, Queens. Led by...
Affordable housing developer Camber scoops up Section 8 portfolio
Camber Property Group has acquired a portfolio of three project-based Section 8 communities across three boroughs in New York...