News Analysis
How a Red Hook developer circumvented the City Council
Developers can’t go through Carlos Menchaca, but they can go around him. The Brooklyn City Council member last year...
Industrial Real Estate
The Latest
National
Industrial now 36% of Blackstone’s RE portfolio
In the past five years, Blackstone has pivoted its portfolio away from retail and hotels and instead turned toward...
National
Startup wants to bring “micro-warehouses” to vacant retail
A startup that focuses on creating last-mile fulfillment centers aims to compete with logistics giants. Fabric, which was founded...
Tri-State
Hicksville Home Depot distribution center sells for $74.5M
A Minnesota-based insurance company has acquired a new Home Depot distribution center on Long Island. Lincoln Equities Group of...
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...
Dov Hertz picks up Staten Island site for $65M
One of the city’s most active industrial investors just picked up a big property on Staten Island for $65...
Warehouse planned for Gindi, Chetrit and Nakash site in Red Hook
The Gindi, Chetrit and Nakash families have formed a joint venture with Bridge Investment Group to develop a warehouse...
WeWork battles Chetrit Group over Midtown lease
WeWork claims the Chetrit Group is threatening to illegally draw down on a multimillion-dollar letter of credit at its...
Guggenheim renews 31K-sf lease at Brooklyn Army Terminal
The Guggenheim Museum has renewed a 31,400-square-foot lease for its storage facility at the Brooklyn Army Terminal, Commercial Observer...
Andrew Chung plans massive industrial project in Long Island City
Long Island City may have lost out on Amazon’s corporate campus, but the area is quickly becoming New York’s...