The future of data center construction in NYC: Trends, challenges, and innovation

As demand for digital infrastructure accelerates, the New York City (NYC) Metropolitan Area has emerged as a key hub for data center development. However, developers, REITs, and facility managers are facing growing challenges, from power constraints and labor shortages

Houlihan Lawrence Commercial
sells two properties - $4.3 million

White Plains, NY Houlihan Lawrence Commercial has brokered two sales totaling $4.3 million of commercial properties. In downtown, the former Hyundai automotive dealership building located at 130 Westchester Ave., sold for $3.35 million in an all-cash

Ariel Property Advisors arranges $12 million
sale of 158,465 s/f development portfolio

Queens, NY Ariel Property Advisors (Ariel) arranged the sale of the Far Rockaway development portfolio, which consisted of three development sites totaling 158,465 buildable s/f in the Far Rockaway section of the borough. The portfolio traded for $12 million

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.

BellTower Partners leases 9,000 s/f at Marx Realty’s 545 Madison

Manhattan, NY According to Marx Realty, private investment firm BellTower Partners, founded by Kewsong Lee, has signed on to take a full floor at its 545 Madison office building, which Marx co-branded with Baccarat.

Garan expands lease at Global Holdings’ 99 Park Ave.

Manhattan, NY GARAN, Inc. (Garan), a children’s apparel company owned by Berkshire Hathaway, Inc. signed an expansion lease spanning the entire sixth floor for its U.S. headquarters at 99 Park Ave.

Capitol Fire Sprinkler completes fire protection project in FiDi at 90 John St.

Manhattan, NY Capitol Fire Sprinkler completed a fire sprinkler system installation of 971 heads on floors three through eight at 90 John St., a rental property developed, owned and managed by The Moinian Group.

Levin Management secures 62,000 s/f ShopRite commitment at Evergreen Plaza

Staten Island, NY Levin Management Corp. (LMC), representing the landlord of Evergreen Plaza, has negotiated a 62,000 s/f anchor lease with the retailer-owned supermarket cooperative Wakefern Food Corp. The location at 150 Greaves Ln. – in Great Kills

The Feil Organization signs two leases totaling 15,126 s/f at 853 Bdwy.

Manhattan, NY The Feil Organization made known the signing of two leases totaling 15,126 s/f with two tenants at 853 Bdwy., an office tower located in Union Sq. The leases include Nourish, a food as medicine platform, leasing the entire 15^th floor,

Jack Resnick & Sons welcomes Parkinson’s Wellness Foundation to 133 East 58th St.

Manhattan, NY Jack Resnick & Sons negotiated a new 10-year, 6,733 s/f lease with the Parkinson’s Wellness Foundation at 133 East 58^th St., its 15-story office building located in the Plaza District.