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The Real Deal New York
industrial real estate
Industrial development slowing slightly nationwide, after strong growth: report
December 07, 2018 03:00PM
The number of industrial buildings coming online nationally slowed slightly in the first nine months of 2018, after several years of strong growth. A...
Hamptons Cheat Sheet: Oceanfront Bridgehampton property lists for $34M, Restoration Hardware inks East End lease … & more
December 04, 2018 04:00PM
Oceanfront Bridgehampton property hits the market for $34M A 9,495-square-foot oceanfront home in Bridgehampton with floor-to-ceiling glass windows and a double-height living room has hit...
Hamptons Cheat Sheet: Mel Brooks’ former Water Mill home has price cut to $11.5M … & more
November 13, 2018 05:30PM
Former Mel Brooks property has price chopped to $11.5M A Water Mill home that once belonged to comedy legend Mel Brooks that came on...
Amazon inks lease for first distribution center in Queens
October 19, 2018 11:00AM
Rich Bockmann and David Jeans
Amazon is opening its first fulfillment center in Queens at the site of the former Bulova watch company headquarters in Woodside, sources told The...
Nationwide demand for warehouse and distribution space at 18-year high: report
October 11, 2018 12:30PM
The growth of e-commerce has been a boon for industrial landlords and investors across the U.S., fueling demand for warehouse and logistics space that...
Blackstone closes on $7.6B purchase of Gramercy Property Trust
October 10, 2018 11:45AM
The Blackstone Group closed on the $7.6 billion acquisition of industrial real estate investment trust Gramercy Property Trust, the companies announced Wednesday. Blackstone is...
Developers are scrambling to meet growing demand for warehouse space
September 19, 2018 02:30PM
With manufacturing on the decline, developers are increasingly turning old industrial buildings into distribution centers. According to a report by Newmark Knight Frank, e-commerce...
Ross Dress for Less inks huge warehouse lease in California
September 01, 2018 01:00PM
Discount department-store chain Ross Stores signed a huge warehouse lease in California. The retailer signed a lease for a 1 million-square-foot distribution center at...
Long Island Cheat Sheet: Estée Lauder offered tax breaks to open $14.5M Melville facility … & more
August 27, 2018 02:00PM
Suffolk IDA offers tax incentives to tempt Estée Lauder to open $14.5M Melville facility The Industrial Development Agency for Suffolk County offered up $895,000...
LA landlord sues property management for leasing to illegal pot growers
August 08, 2018 04:42PM
The owner of a large industrial property in Van Nuys has filed a lawsuit against its property management for allegedly defrauding the landlord and...
Investors show strong demand for data center properties
July 23, 2018 02:30PM
Investor interest in the data center sector remains strong, and expected future demand for their services means the sector might be strong enough to...
Warehouse space hasn’t been this tight since the dot-com boom
July 11, 2018 02:00PM
Warehouse space is at its tightest level since the first dot-com boom, and it’s driving tons of business. The second quarter saw availability fall...
Warehouse collapses; 9,000 barrels of whiskey spill
June 23, 2018 06:40PM
A warehouse at a whiskey distillery collapsed Friday damaging up to half of the barrels on site. The warehouse was built in the 1940s,...
Long Island Cheat Sheet: Suffolk’s May home prices were up 10% year-over-year … & more
June 18, 2018 01:30PM
May’s Suffolk home prices were 10 percent higher than the year before — the biggest increase in a decade Home prices across Long Island...
Blackstone is buying another industrial REIT
May 07, 2018 09:20AM
The Blackstone Group has reached a deal to buy Midtown-headquartered industrial landlord Gramercy Property Trust for $7.6 billion. The deal values Gramercy’s shares at...
Shuttered upstate NY prison is trying to sell itself to Canadian companies
May 05, 2018 04:34PM
A former prison in Franklin County is looking for fresh start. The former Chateaugay Correctional Facility will be auctioned off this July by the...
Sam Zell isn’t hot on industrial real estate
May 02, 2018 07:30AM
It seems everyone is bullish on industrial real estate except for at least one well-known billionaire who has made a fortune investing in distressed...
Industrial vacancy rate expected to hit 7.5% nationwide this year
April 22, 2018 08:00AM
Most of the national real estate market is expected to perform better this year than previously predicted, according to the Urban Land Institute. The...
Here’s why industrial REITs are outperforming all others
April 15, 2018 01:12PM
Thanks to e-retailers like Amazon, industrial REITs are on the upswing. Though online shopping still only counts for under 10 percent of retail sales,...
Walmart e-commerce site jet.com leases warehouse in Bronx
April 11, 2018 07:00AM
Walmart’s e-commerce site jet.com is boosting its presence in the city with a new warehouse in the Bronx. The company has leased an approximately...
No surprise here: Midtown’s office space is among the costliest around the world
Carroll Gardens condo goes into contract for $4.5M, could set neighborhood record
Peter Fine pays nearly $30M for East Harlem site along the Second Avenue subway’s next phase
Alchemy purchases 9-building Bed-Stuy portfolio for $25M
Moinian Lands $132M in financing for 2 Washington Street
December 2018 issue
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