In Sputtering NYC Hotel Sector, Some Signs Of Life

CBRE is calling for a return to 2019 RevPAR levels in 2024.

      

source https://feeds.feedblitz.com/~/650427158/0/globest/new-york~In-Sputtering-NYC-Hotel-Sector-Some-Signs-Of-Life/

Law Firm Takes 54,095 SF in Midtown Manhattan

The lease backfills more than 40% of upcoming vacancy at Paramount’s 29-story Midtown Manhattan tower.

      

source https://feeds.feedblitz.com/~/650347320/0/globest/new-york~Law-Firm-Takes-SF-in-Midtown-Manhattan/

Pay It Forward: "Get Out As Much As Possible To Get Hands-On Experience,' Says Carmel Pratt of Bright Power

"Our most successful problem-solvers are people who approach the problem from different viewpoints and perspectives and try to do it better than before. Key to all of this is effective and thoughtful communication."

      

source https://feeds.feedblitz.com/~/650277558/0/globest/new-york~Pay-It-Forward-Get-Out-As-Much-As-Possible-To-Get-HandsOn-Experience-Says-Carmel-Pratt-of-Bright-Power/

Elion Partners Buys Queens Industrial Asset for $58M

The acquisition is a part of a series of acquisitions the firm has planned in key coastal logistics markets.

      

source https://feeds.feedblitz.com/~/650262528/0/globest/new-york~Elion-Partners-Buys-Queens-Industrial-Asset-for-M/

The Office Saga Continues For Beleaguered Lower Manhattan

The first quarter numbers were particularly low due to a lack of high-profile, blockbuster deals.

      

source https://feeds.feedblitz.com/~/649870474/0/globest/new-york~The-Office-Saga-Continues-For-Beleaguered-Lower-Manhattan/

Single-Family Rental Construction Up 66% During the Pandemic

Last year, 50,000 new homes were added to the single-family rental market.

      

source https://feeds.feedblitz.com/~/649866076/0/globest/new-york~SingleFamily-Rental-Construction-Up-During-the-Pandemic/

SL Green Sells Two Residential Stakes for Total Value of $991.6M

The sales are part of the REIT’s larger strategy of selling off non-core assets and reinvesting the proceeds into share repurchases and development projects.

      

source https://feeds.feedblitz.com/~/649781436/0/globest/new-york~SL-Green-Sells-Two-Residential-Stakes-for-Total-Value-of-M/

New York Office Tenants Renew With Huge Rent Savings

Office rents in Midtown Manhattan are down 20%, producing of up to $300,000 for the same savvy tenants.

      

source https://feeds.feedblitz.com/~/649688980/0/globest/new-york~New-York-Office-Tenants-Renew-With-Huge-Rent-Savings/

Lincoln Equities, PCCP Pick Up $54M New York Industrial Portfolio

The deal underscores the depth of investment demand for industrial assets in the New York area.

      

source https://feeds.feedblitz.com/~/649593678/0/globest/new-york~Lincoln-Equities-PCCP-Pick-Up-M-New-York-Industrial-Portfolio/