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Cushman & Wakefield publishes legal sector leasing insights and NYC office market update

Manhattan, NY Cushman & Wakefield released its Legal Sector Leasing Insights report for the fourth quarter of 2023 alongside a January 2024 Office Market Update report.

Ariel Property Advisors arranges $26 million
sale of 237-unit 1500 Noble Ave.

Bronx, NY Ariel Property Advisors (Ariel) negotiated the $26 million sale of a 237-unit high-rise multifamily building at 1500 Noble Ave. An Ariel team comprised of Victor Sozio, founding partner; Shimon Shkury, president and founder; Jason Gold,

Del Frisco’s Double Eagle renews lease
at 1221 Avenue of the Americas

Manhattan, NY According to Rockefeller Group, property developer and owner of 1221 Avenue of the Americas in Rockefeller Center, Del Frisco’s Double Eagle Steakhouse has renewed its lease for an additional 20 years.

Evercore expands by 95,000 s/f at Fisher Brothers’ Park Ave. Plaza

Manhattan, NY Fisher Brothers said that Evercore has expanded its presence by 95,000 s/f across floors 39 through 41 at Park Ave. Plaza. Growing its existing footprint by nearly 25%, Evercore will now occupy over half a million s/f. The midtown tower remains

Wren Kitchens and Penn Fabricators form partnership

Medford, NY Wren Kitchens and Penn Fabricators have formed a collaboration, a transformative endeavor aimed at revolutionizing commercial kitchen and bath solutions across New York City and Long Island.

Can communications help spur market revival? - by Harry Zlokower

During a recent walk on the Brooklyn Promenade — its memorable skyline of downtown and Midtown Manhattan in full view — I wondered how things will turn out in New York’s latest and arguably most severe commercial real estate crisis in history.

Development Site Advisors opens enrollment to training program

Manhattan, NY Development Site Advisors opened its enrollment for its Development Site Academy class, set to kick off this spring. Graduates will jump-start their CRE brokerage careers while setting themselves apart from other brokers.

Bilt Rewards receives $200 million equity investment; Chenault named chairman of board

New York, NY Bilt Rewards (Bilt) received a $200 million equity investment, led by General Catalyst, with contributions by Eldridge, alongside existing investors Left Lane Capital, Camber Creek and Prosus Ventures. This puts the company’s valuation to $3.1

Banner year for Yonkers IDA voting financial incentives for projects representing $802 million

Yonkers, NY The Yonkers Industrial Development Agency (IDA) continued its key role as a force in the borough’s economic renaissance with another record year of voting approvals of financial incentives for residential and commercial projects representing

Bayport Funding provides $7.75m bridge loan for four-unit apartment building

Brooklyn, NY Bayport Funding provided a $7.75 million bridge loan to support the refinancing of a mixed-use property in Boerum Hill. Located on Atlantic Ave., this four-family apartment will include ground-floor retail and stand at six stories tall. It also