NYC Consumer Spending Will Increase 20% Over 2019

The activity will continue to drive recovery in the retail sector across all five boroughs.

      

source https://www.globest.com/2022/03/31/nyc-consumer-spending-will-increase-20-over-2019/

Report: Blackstone is Looking for 1.5M-SF of Office Space in Manhattan

There is 8.8 million square feet of new office product delivering in New York City this year.

      

source https://www.globest.com/2022/03/25/report-blackstone-is-looking-for-1-5m-sf-of-office-space-in-manhattan/

Tishman Speyer Secures $100M to Fund Proptech Investment

The firm expects to raise a total of $150 million in equity for the venture fund, which will target real estate technology investments.

      

source https://www.globest.com/2022/03/25/tishman-speyer-secures-100m-to-fund-proptech-investment/

JV Forms to Target Grocery-Anchored Shopping Centers

ShopOne Centers REIT, Pantheon and a global institutional investor have joined together to acquire institutional-quality shopping centers across US growth markets.

      

source https://www.globest.com/2022/03/24/jv-forms-to-target-grocery-anchored-shopping-centers/

Self-Storage Portfolio Trades for $588M

World Class Holdings has sold a 64-property self-storage portfolio in a deal that represents one of the largest-ever private transactions within the sector.

      

source https://www.globest.com/2022/03/24/self-storage-portfolio-trades-for-588m/

iStar Sells Net Lease Portfolio for $3.07B

The company has completed the previously announced sale of its 18-million-square-foot portfolio to Carlyle’s global credit platform.

      

source https://www.globest.com/2022/03/23/istar-sells-net-lease-portfolio-for-3-07b/

NYC Office Deliveries Are Making a Hard Situation Worse

Despite the diminished demand for office space, 8.8 million square feet will deliver into the market this year, the second highest delivery since 2007.

      

source https://www.globest.com/2022/03/23/nyc-office-deliveries-are-making-a-hard-situation-worse/

Freddie Mac Index Suggests It's Getting Harder to Find Apartment Investments

The fall in the apartment index shows that it may be harder to find multifamily investment opportunities in the current market.

      

source https://www.globest.com/2022/03/22/freddie-mac-index-suggests-its-getting-harder-to-find-apartment-investments/

Swarovski to Open Fifth Ave. Flagship Store

The luxury retailer has signed a 14,000-SF, long-term lease at 680 Fifth Ave. and plans to open the store in 2023 following an office lobby-to-retail repositioning.

      

source https://www.globest.com/2022/03/21/swarovski-to-open-fifth-avenue-flagship-store/