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Bryan Cave Renews Long-Term Lease at 1290 Sixth
Bryan Cave has renewed its lease for 15 years in the AXA Financial Center building at 1290 Sixth Ave., the 43-story Midtown Manhattan office tower held by Vornado Realty Trust, the global law firm has confirmed. "We have been very happy with our prime...

New Chelsea Hotel Set to Break Ground Following $121M Construction Financing
Hotelier Sam Chang has obtained financing for his latest Marriott-branded hospitality project, to spring from a vacant Chelsea parking lot. The capital advisory division of Eastern Consolidated has arranged a $121.34 million financing package, including...

Food Halls May be Popular Trend but Not a Silver Bullet for Vacant Retail Space
The dissolution of Anthony Bourdain’s Pier 57-based food hall -- for being too "challenging," according to coverage -- reflects a lesson that developers and investors are learning across the country. Though trendy and potentially lucrative...

Trinity Obtains $189.5M Construction Loan for New Downtown Mixed-Use Project
Trinity Place Holdings (NYSE: TPHS) has closed on a $189.5 million construction loan to build a mixed-use development at 77 Greenwich St., a site that comprises 28-42 Trinity Pl. and 67 Greenwich St., according to public filings. The building will...

Broad Street Completes $235M Recapitalization of 80 Broad with Invesco
Joint-venture partners Broad Street Development (BSD) LLC and Invesco Advisors, Inc. have completed a $235 million recapitalization on the 36-story, 423,403-square-foot Downtown office at 80 Broad Street, marking one of the largest transactions of 2017...

NYU Langone Health Signs Long-Term Renewal for 74,000 SF at 14 Wall Street
NYU Langone Health has renewed its lease for 74,069 square feet of administrative office space it currently occupies at 14 Wall St., agreeing to a new 15-year term. The tenant will maintain its space on the ninth and 10th floors that it has occupied...

Raine Signs Long-Term Lease for 33,000 SF at Park Avenue Tower
The Raine Group is the latest company to select Park Avenue Tower for a HQ move. An international merchant bank, Raine provides investment and advisory services targeting the technology, media and telecommunications sectors. It has signed a 15-year...

In Pursuit of Placemaking at Brookfield’s Manhattan West
Spaces, a creative-workspace provider founded in 2006, signed a 10-year lease for 103,000 square feet at Manhattan West’s The Lofts, one of six buildings in various stages of development at Brookfield Office Properties' 7-million-square-foot, mixed-use...

MongoDB Nearly Doubling Space in Relocation to 1633 Broadway
Database developer MongoDB has signed a 12-year office lease to occupy 106,230 square feet at 1633 Broadway. MongoDB will move in on January 1, 2018, CoStar News can reveal. MongoDB’s move marks both a corporate relocation and expansion. At 1633...

Thor Equities Buys The James Hotel New York-SoHo for $66M
Thor Equities has closed on its purchase of The James Hotel New York - SoHo, a 114-room boutique hotel at 27 Grand St. in New York City from PGIM Real Estate. The sales price was approximately $66.3 million, or about $582,000 per room, CoStar News can...

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