<rss version="2.0" xmlns:ynewsrss="http://news.yahoo.com/rss.html"><channel><title><![CDATA[New York City Commercial Real Estate News From CoStar Group]]></title><link><![CDATA[http://www.costar.com/]]></link><description><![CDATA[CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of commercial real estate information and commercial property listings available in its markets.]]></description><language><![CDATA[en]]></language><category domain="Yahoo"><![CDATA[Business/Real_Estate_and_Housing]]></category><ttl>15</ttl><image><title><![CDATA[CoStar Group, Inc.]]></title><link><![CDATA[http://www.costar.com/]]></link><url><![CDATA[http://www.costar.com/SharedFiles/Common/images/logos/CoStarGroup112.gif]]></url></image><item><title><![CDATA[CoStar's People of Note (May 19 - 25)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-19-25/148836?ref=/News/Article/CoStars-People-of-Note-May-19-25/148836&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: South Florida, Chicago, Tampa, Los Angeles, and Cleveland.
 
SOUTH FLORIDA
Avison Young Hires Carlo in Miami 
By Justin Sumner

Avison Young, Canada's largest independently-owned <a href="http://www.showcase.com/" target="_blank">commercial real estate</a> services company, has hired Daniel Carlo as a principal in the firm, and managing director of the company's Miami office. In his new role, Carlo will oversee the growth and develo]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 24 May 2013 04:01:22 GMT]]></pubDate></item><item><title><![CDATA[Market Trend:  Select Top Five New York City Office Leases Signed in Q1 2013]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-Select-Top-Five-New-York-City-Office-Leases-Signed-in-Q1-2013/148791?ref=/News/Article/Market-Trend-Select-Top-Five-New-York-City-Office-Leases-Signed-in-Q1-2013/148791&src=rss]]></link><description><![CDATA[The select top office lease signed during the first quarter of 2013 in the New York City market was at the Sony Building in the Plaza District.  Sony Corporation of America renewed its lease of 798,420 square feet in a direct deal with the landlord.

Macy's Merchandising Group LLC renewed its 646,000-square-foot lease at the Matthew Bender Building in the Penn Plaza / Garment District in a direct deal with the landlord.

HarperCollins Publishers...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Thu, 23 May 2013 05:48:39 GMT]]></pubDate></item><item><title><![CDATA[Simon Development Grp Buys Manhattan Multifamily]]></title><link><![CDATA[http://www.costar.com/News/Article/Simon-Development-Grp-Buys-Manhattan-Multifamily/148739?ref=/News/Article/Simon-Development-Grp-Buys-Manhattan-Multifamily/148739&src=rss]]></link><description><![CDATA[Simon Development acquired the 208-unit multifamily building at 164-168 W. 75th St. in an auction sale.  Public records documents on the sale list the price at $43 million, which would reflect a price tag of approximately $207,000 per unit.

The 15-story, 81,339-square-foot apartment building has 3,425 square feet of ground floor retail and 207 apartments above.  The asset was built in 1922 on almost two-tenths of an acre on Manhattan's Upper West...]]></description><author><![CDATA[Jesse Valdivia <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 09:31:59 GMT]]></pubDate></item><item><title><![CDATA[Winther Investment Purchases Two NYC Multifamily Bldgs]]></title><link><![CDATA[http://www.costar.com/News/Article/Winther-Investment-Purchases-Two-NYC-Multifamily-Bldgs/148704?ref=/News/Article/Winther-Investment-Purchases-Two-NYC-Multifamily-Bldgs/148704&src=rss]]></link><description><![CDATA[Winther Investment, Inc., a New York-based multifamily development company, acquired two multifamily buildings at 205 and 207 Eighth Ave. in New York City from FrancMen Realty LLC for $15.9 million.

The two neighboring properties, five stories each, were both delivered in 1900 in the Chelsea submarket of Manhattan.  The square footage for the two properties totals 21,800 square feet, each being 10,900 square feet.  The buildings are comprised of...]]></description><author><![CDATA[Carolyn Murphy <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 08:12:11 GMT]]></pubDate></item><item><title><![CDATA[Yahoo! Takes 176,000 SF in New York City]]></title><link><![CDATA[http://www.costar.com/News/Article/Yahoo!-Takes-176000-SF-in-New-York-City/148737?ref=/News/Article/Yahoo!-Takes-176000-SF-in-New-York-City/148737&src=rss]]></link><description><![CDATA[Internet giant Yahoo! Inc. signed a ten-year lease for about 176,000 square feet in the former New York Times Building located at 229 W. 43rd St. in New York, NY, between Seventh and Eighth Avenues.

The 16-story <a href="http://www.showcase.com/Office-building" target="_blank">office building</a> totals 789,826 square feet in the bustling Times Square submarket of Manhattan.  Originally constructed in 1913 for the New York Times, the building is now largely owned by the Blackstone Group after it paid $160 million...]]></description><author><![CDATA[Lizzie Carver <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 08:05:03 GMT]]></pubDate></item><item><title><![CDATA[1440 Broadway Earns LEED Gold]]></title><link><![CDATA[http://www.costar.com/News/Article/1440-Broadway-Earns-LEED-Gold/148713?ref=/News/Article/1440-Broadway-Earns-LEED-Gold/148713&src=rss]]></link><description><![CDATA[Monday Properties earned the U.S. Green Building Council (USGBC)'s LEED Gold certification for its <a href="http://www.showcase.com/Office-building" target="_blank">office building</a> at 1440 Broadway in New York.

The 25-story, 743,000-square-foot building was constructed in 1925 in Midtown Manhattan.  Major tenants include Macy's and Razorfish.

Monday Properties, which manages and partially owns the building, earned the second highest level of certification. In addition to sustainable features, the property...]]></description><author><![CDATA[Lizzie Carver <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 12:58:57 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (May 12 - 18)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-12-18/148651?ref=/News/Article/CoStars-People-of-Note-May-12-18/148651&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Detroit, Charlotte, Phoenix, New York, Charleston, South Florida, and San Diego.
 
DETROIT
Farbman Group Promotes Gutman, Kalil 
By Tim Heise

Farbman Group, a Southfield, MI-based, full-service real estate solutions company, has promoted CFO Andrew Gutman to president of the company. Gutman joined Farbman Group more than 18 years ago. He has worked in several areas of ]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 17 May 2013 09:02:42 GMT]]></pubDate></item><item><title><![CDATA[New CMBS Delinquencies Fall to Lowest Level Since 2008]]></title><link><![CDATA[http://www.costar.com/News/Article/New-CMBS-Delinquencies-Fall-to-Lowest-Level-Since-2008/148585?ref=/News/Article/New-CMBS-Delinquencies-Fall-to-Lowest-Level-Since-2008/148585&src=rss]]></link><description><![CDATA[In another sign of the receeding level of distressed real estate, U.S. CMBS delinquencies fell sharply last month as new additions to the late-pay ranks fell to a post-recession low, according to the latest index results from Fitch Ratings.

CMBS late-pays declined 19 basis points in April to 7.44% from 7.63% a month earlier.

This comes as new delinquencies of $747 million dipped below the $1 billion mark for the first time since February 2009...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Fri, 17 May 2013 07:07:11 GMT]]></pubDate></item><item><title><![CDATA[Market Trend:  New York Outer Boroughs's Industrial Deliveries, Construction and Inventory]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-New-York-Outer-Boroughss-Industrial-Deliveries-Construction-and-Inventory/148647?ref=/News/Article/Market-Trend-New-York-Outer-Boroughss-Industrial-Deliveries-Construction-and-Inventory/148647&src=rss]]></link><description><![CDATA[During the first quarter 2013, one building totaling 140,000 square feet was completed in the New York Outer Boroughs Industrial market area. 

This compares to one building totaling 4,600 square feet that was completed in the fourth quarter 2012, two buildings totaling 28,750 square feet completed in the third quarter 2012, and 219,626 square feet in two buildings completed in the second quarter 2012.

There were 21,000 square feet of Industrial...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Thu, 16 May 2013 07:50:59 GMT]]></pubDate></item><item><title><![CDATA[Seidenwurm Joins Johnson Capital]]></title><link><![CDATA[http://www.costar.com/News/Article/Seidenwurm-Joins-Johnson-Capital/148554?ref=/News/Article/Seidenwurm-Joins-Johnson-Capital/148554&src=rss]]></link><description><![CDATA[Karl Seidenwurm has joined the New York City office of Johnson Capital as a senior vice president.  In his new role, Seidenwurm will be responsible for originating and placing both debt and equity for commercial and multifamily properties throughout the United States.  

Prior to Johnson Capital, Seidenwurm was the director of operations and leasing at Bexin Management. He has been involved in $270 million in mortgage financing transactions during...]]></description><author><![CDATA[Jesse Valdivia <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 09:23:21 GMT]]></pubDate></item><item><title><![CDATA[Maldonado Promoted to VP at Skanska USA]]></title><link><![CDATA[http://www.costar.com/News/Article/Maldonado-Promoted-to-VP-at-Skanska-USA/148550?ref=/News/Article/Maldonado-Promoted-to-VP-at-Skanska-USA/148550&src=rss]]></link><description><![CDATA[Daniel Maldonado has been promoted to vice president of business development for Skanska USA in the Metro New York office.  

In his new role, Maldonado will head Skanska's initiative in the Metro New York area to target potential business opportunities for the company. The goal is to increase the company's presence in the greater New York Area. Maldonado will accomplish this task by building off of his 23 years of experience both domestically and...]]></description><author><![CDATA[Cecily Brennan <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 08:52:11 GMT]]></pubDate></item><item><title><![CDATA[Findley Moves to Managing Director at Transwestern]]></title><link><![CDATA[http://www.costar.com/News/Article/Findley-Moves-to-Managing-Director-at-Transwestern/148553?ref=/News/Article/Findley-Moves-to-Managing-Director-at-Transwestern/148553&src=rss]]></link><description><![CDATA[Ken Findley has joined the Transwestern’s Northeast team as managing director in the firm's New York City office.  In his new role, Findley will represent landlord and tenant clients with a focus on healthcare needs in the New York City area. 

Findley was previously at ABS Real Estate Partners as a managing director, director of medical leasing. While there he managed a team that represented healthcare clients in the acquisition and disposition...]]></description><author><![CDATA[Megan Gruber <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 08:30:58 GMT]]></pubDate></item><item><title><![CDATA[ICD Sells Gramercy Park Medical Bldg]]></title><link><![CDATA[http://www.costar.com/News/Article/ICD-Sells-Gramercy-Park-Medical-Bldg/148539?ref=/News/Article/ICD-Sells-Gramercy-Park-Medical-Bldg/148539&src=rss]]></link><description><![CDATA[40 North Properties, a New York-based investment firm, acquired the health care building at 332-340 E. 24th St. in New York City from the International Center for the Disabled (ICD) for $32.25 million, or approximately $416 per square foot, according to public records.

The six-story building was delivered in 1961 and totals 77,610 square feet.  There will be a reutilization and redevelopment of the property through the new owner.

Glenn Tolchin...]]></description><author><![CDATA[Carolyn Murphy <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 05:03:18 GMT]]></pubDate></item><item><title><![CDATA[Silverstein Secures Construction Financing for 82-Story Manhattan Condo, Hotel]]></title><link><![CDATA[http://www.costar.com/News/Article/Silverstein-Secures-Construction-Financing-for-82-Story-Manhattan-Condo-Hotel/148597?ref=/News/Article/Silverstein-Secures-Construction-Financing-for-82-Story-Manhattan-Condo-Hotel/148597&src=rss]]></link><description><![CDATA[Silverstein Properties and CalSTRS has secured financing to move forward on its proposed 82-story skyscraper at 30 Park Place in Downtown Manhattan's Tribeca neighborhood.  

The 926-foot building will be one of the tallest in New York City, and will incorporate a Four Seasons hotel and private residences.  Construction on the glass and steel tower will begin in the fall 2013, with condos launching in 2014 and a grand opening tentatively set for...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 04:28:03 GMT]]></pubDate></item><item><title><![CDATA[Hudson Yards Deal Worth $1B]]></title><link><![CDATA[http://www.costar.com/News/Article/Hudson-Yards-Deal-Worth-$1B/147867?ref=/News/Article/Hudson-Yards-Deal-Worth-$1B/147867&src=rss]]></link><description><![CDATA[After nearly three years of escrow, a deal was signed for the improvement space above the MTA/LIRR site at the Hudson Yards, located on Tenth Ave. in the Penn Plaza/Garment District submarket of New York City. 

The price was $1 billion according to CoStar information, covering the first of two 99-year ground leases with the Related Companies and Oxford Properties Group, which will build a platform over the train yards on the West Side, and develop...]]></description><author><![CDATA[Tadesse Teshome <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 01:00:12 GMT]]></pubDate></item><item><title><![CDATA[Office Towers Rising Again In New York, San Francisco ]]></title><link><![CDATA[http://www.costar.com/News/Article/Office-Towers-Rising-Again-In-New-York-San-Francisco/148523?ref=/News/Article/Office-Towers-Rising-Again-In-New-York-San-Francisco/148523&src=rss]]></link><description><![CDATA[The recent emotion-filled topping off of One World Trade Center with a 408-foot silver spire provided a visceral reminder for New Yorkers and others around the world of the pending rebirth of the iconic building in 2014. 

1 WTC, under development by the Port Authority of New York and New Jersey on behalf of the Durst Organization, is now a symbolic 1,776 feet tall, preleased to tenants such as the U.S. General Services Administration, Conde Nast...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Tue, 14 May 2013 10:09:04 GMT]]></pubDate></item></channel></rss>