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04/20/2018
United Healthcare Workers Union Selling Ground Lease on Soon-to-be-Former HQ
In the next stage of its relocation, the United Healthcare Workers Union East (1199-SEIU) has agreed to sell development rights on its former headquarters at 311 W. 42nd St. in New Yok City via a 99-year ground-lease. Taconic Investment Partners and...

04/19/2018
At 747 Third Avenue, Pre-Built Spaces Are Filling Up
As the communal workplace style made popular by TAMI tenants spreads to other sectors, the William Kaufman Organization (WKO) is seeing some payoff on its investments into pre-built office suites for small- and mid-sized firms. The landlord has announced...

04/19/2018
JV Secures $260M in Construction Financing for Proposed 16-Story Tower at Essex Crossing
Rendering Courtesy of Essex Crossing NYC.A joint venture between Taconic Investment Partners, L+M Development Partners, BFC Partners and Goldman Sachs Urban Investment Group has secured a $260 million construction loan for its proposed 16-story, mixed...

04/19/2018
MHP Real Estate Services, Banyan Street Capital Forge Alliance
New York-based MHP Real Estate Services has teamed with Banyan Street Capital of Miami to form one of the nation’s largest private commercial real estate companies with a combined portfolio valued at more than $3 billion. The two firms own and manage...

04/18/2018
Media iQ Jumps to 261 Fifth Ave with 23,000-SF Lease
In a move to that nearly triples its office footprint, data-analytics firm Media iQ is relocating to 261 Fifth Ave. from the nearby 853 Broadway, switching between two Gramercy Park assets held by The Feil Organization. At 261 Fifth Avenue, the company...

04/17/2018
Convene to Craft Tenant Center at 605 Third Avenue
Photo credit: The Rockwell Group.Now that its $25 million, David Rockwell-designed renovation of 605 Third Avenue is complete, landlord Fisher Brothers is turning its eyes to tenant services at its New York City high-rise. Fisher has announced it is...

04/16/2018
Compass Doubles Midtown Footprint at 10 East 53rd Street
Compass has expanded its office footprint at 10 E. 53rd St. in New York City, CoStar News can confirm, signing a 32,000-square-foot expansion for two additional floors at the Plaza District asset. The residential real estate brokerage, which has expanded...

04/16/2018
Interest Rate Rises Good for Apartment Sector?
The steady rise of home mortgage rates is a good-news/bad-news situation, according to CoStar research. While any bump in interest rates makes it harder for would-be homeowners to buy, that’s good for the multifamily sector. A report from CoStar...

04/16/2018
CushWake, CBRE and NKF Bring Home REBNY Honors for Deal Ingenuity
Resourcefulness was rewarded by the Real Estate Board of New York (REBNY) this month, as the association handed out three tiers of honors for its "Sales Brokers Most Ingenious Deal of the Year Awards." A Cushman & Wakefield team of Ed Donnery, Jonathan...

04/13/2018
Midtown Investor Picks Up Stonehenge Village Rentals for $287M
SL Green has sold off yet another part of its Stonehenge portfolio. For $287 million, A&E Real Estate Holdings has purchased Stonehenge Village, the three-tower, 420-unit apartment complex in New York City, from a joint-venture partnership between...

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