$103M Construction Loan Secured for NJ Industrial Park

The financing, arranged by Cushman & Wakefield, will be used to develop Logan North Industrial Park’s first two properties, comprising 1.3 million square feet.

       

source https://feeds.feedblitz.com/~/632040300/0/globest/new-york~M-Construction-Loan-Secured-for-NJ-Industrial-Park/

Race for COVID-19 Vaccine Boosts Real Estate in Life Sciences Hubs

Hubs across the nation are looking to use real estate to boost productivity as the growth of the global prescription drug market is expected to surpass $1 trillion by 2022.

       

source https://feeds.feedblitz.com/~/631893466/0/globest/new-york~Race-for-COVID-Vaccine-Boosts-Real-Estate-in-Life-Sciences-Hubs/

InterContinental New York Barclay Taps Flexible Space Concept

This major New York hotel operator moved decisively to recoup some lost revenue.

       

source https://feeds.feedblitz.com/~/631783750/0/globest/new-york~InterContinental-New-York-Barclay-Taps-Flexible-Space-Concept/

New Manhattan Chamber Dashboard Tracks Spike in NYC Real Estate Interest

Views of Zillow real estate listings for New York City are up over 76 percent for the same time last year, according to the July 24 dashboard. The increase reflects a general surge in online property views that started in May.

       

source https://feeds.feedblitz.com/~/631782388/0/globest/new-york~New-Manhattan-Chamber-Dashboard-Tracks-Spike-in-NYC-Real-Estate-Interest/

New York City Regional Center Lands $50M In Federal Tax Credits To Support Econ. Development

The company has now received $115 million in total allocations via three New Market Tax Credit awards

       

source https://feeds.feedblitz.com/~/631683940/0/globest/new-york~New-York-City-Regional-Center-Lands-M-In-Federal-Tax-Credits-To-Support-Econ-Development/

Jersey City Mixed-Use Development Trades Hands

Completed last year, the McGinley Square neighborhood’s first new development in more than 30 years has sold for $23.8 million to Tenth Avenue Holdings Properties.

       

source https://feeds.feedblitz.com/~/631610726/0/globest/new-york~Jersey-City-MixedUse-Development-Trades-Hands/

Nathan’s Famous Taps REEF to Expand in Manhattan

Eventually the brand will expand across the US in coming months.

       

source https://feeds.feedblitz.com/~/631588238/0/globest/new-york~Nathan%e2%80%99s-Famous-Taps-REEF-to-Expand-in-Manhattan/

Office Space Demand Expected to Drop 10-15% as More People Work From Home

The expected reduction in office demand may be offset by de-densification, another new trend.

       

source https://feeds.feedblitz.com/~/631575526/0/globest/new-york~Office-Space-Demand-Expected-to-Drop-as-More-People-Work-From-Home/