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From left: Vornado Realty Trust’s 11 Penn Plaza and Apple’s Tim Cook, The Farley Post Office building and Facebook’s Mark Zuckerberg, Durst Organization’s One Five One and ByteDance CEO Zhang Yiming (Getty, VNO, SOM, Durst)
National

Big Tech firms led office leasing in 2020

Big Tech keeps getting bigger, and the office footprint of the companies in the sector is keeping pace. Tech firms leased more office space than any other industry last year, according to CBRE’s latest...

Big Tech firms led office leasing in 2020
BentallGreenOak founder Sonny Kalsi and 2300 Linden Boulevard in Brooklyn (Photos via BentallGreenOak; Google Maps)

Amazon warehouse in Brooklyn sells for $46M

An Amazon-leased warehouse in Brooklyn sold for a valuation of $46 million as investors continue to chase properties occupied by the e-commerce giant. Asset manager BentallGreenOak purchased the 100,000-square-foot property at 2300 Linden Boulevard...

Amazon warehouse in Brooklyn sells for $46M
Jeff Bezos (Getty, Amazon/Illustration by Alexis Manrodt for The Real Deal)
National

Amazon’s real estate footprint ballooned in 2020

It’s a new era for Amazon. Jeff Bezos is stepping down as CEO of the company and transitioning to...

Amazon’s real estate footprint ballooned in 2020
Amazon founder Jeff Bezos with his Beverly Hills estate, 5 Manhattan West and 212 Fifth Avenue (Photos via Getty; Pinterest; Wikipedia Commons; City Realty)
National

Jeff Bezos, who turned real estate upside down, quits

Jeff Bezos, the e-commerce titan who drove one of the biggest office and industrial space expansions in history, and...

Jeff Bezos, who turned real estate upside down, quits
Renderings of Amazon HQ2 and Amazon CEO Jeff Bezos (Photos via NBBJ/Getty)
National

Amazon unveils woodsy plans for HQ2

Amazon has unveiled new plans for its second headquarters in Northern Virginia that will have an outdoorsy, woodsy theme. The tech giant’s second phase of its campus in Arlington, Virginia, will include three 22-story...

Amazon unveils woodsy plans for HQ2
Thor Equities' Joseph Sitt (iStock)

Thor Equities unloads UK logistics portfolio for $415M

Joseph Sitt’s Thor Equities sold its logistics portfolio in the United Kingdom for £303 million, or about $415 million....

Thor Equities unloads UK logistics portfolio for $415M
RXR CEO Scott Rechler with 56-19 Grand Avenue, Queens (Getty, RXR)

These were the top outer-borough loans in December

The 10 largest outer-borough loans in December totaled $1.17 billion, a sharp drop-off — about 40 percent — from...

These were the top outer-borough loans in December
Amazon CEO Jeff Bezos (Getty; iStock)
National

Amazon to put $2B into affordable housing

When Amazon planned to build a corporate headquarters in New York City, opponents claimed the influx of high-paying jobs would drive up housing prices, just as it had in the company’s base, Seattle. The...

Amazon to put $2B into affordable housing
55-15 Grand Avenue, Queens; Phil A. Belling of LBA Realty; Jamie Dimon of JPMorgan Chase (Getty, RXR/BL Architects)

LBA lands $316M loan for Amazon warehouse in Maspeth

LBA Realty has secured $316 million in loans for a mammoth vertical warehouse project in Maspeth. JPMorgan Chase is...

LBA lands $316M loan for Amazon warehouse in Maspeth

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