Port Authority Proposes Multi-Billion Dollar Operating and Capital Budgets

Major items in the proposed $3.6-billion 2020 Capital Budget include: $2.1 billion in aviation spending, including $1.5 billion to continue redevelopment of the agency’s airports.

       

source https://feeds.feedblitz.com/~/609294058/0/globest/new-york~Port-Authority-Proposes-MultiBillion-Dollar-Operating-and-Capital-Budgets/

Joint Venture Pulls Trigger on $50M Brooklyn Portfolio Sale

B6 Real Estate Advisors is arranging the transaction of the assemblage, which is comprised of 80% free-market units.

       

source https://feeds.feedblitz.com/~/609288092/0/globest/new-york~Joint-Venture-Pulls-Trigger-on-M-Brooklyn-Portfolio-Sale/

NYC Officials Urged to Upzone to Solve Affordable Housing Deficit

The increased push for upzoning has come amid newly introduced rent regulation for next year’s statewide legislative session.

       

source https://feeds.feedblitz.com/~/609244768/0/globest/new-york~NYC-Officials-Urged-to-Upzone-to-Solve-Affordable-Housing-Deficit/

Strategic Funding Alternatives Buys Cherry Hill Office Portfolio for $33M

JLL also helped SFA secure a 10-year, $24.75-million fixed-rate acquisition loan for the portfolio that is located near Center City Philadelphia.

       

source https://feeds.feedblitz.com/~/609240402/0/globest/new-york~Strategic-Funding-Alternatives-Buys-Cherry-Hill-Office-Portfolio-for-M/

Fisher Brothers Leases Major Café Retailer at Midtown Tower

Major café Blue Bottle Coffee will occupy 953 square feet of retail space at the base of the tower beginning in the fourth quarter of 2019 under a 15-year lease.

       

source https://feeds.feedblitz.com/~/609224204/0/globest/new-york~FishernbspBrothers-Leases-Major-Cafeacute-Retailer-at-Midtown-Tower/

RXR Realty Alters Portfolio for Hospitality Accommodations

The New York-based real estate investment management firm is allocating 20 to 30 percent of its buildings for hospitality and amenities.

       

source https://feeds.feedblitz.com/~/609222658/0/globest/new-york~RXR-Realty-Alters-Portfolio-for-Hospitality-Accommodations/

Ariel Property Advisors Sell $9M Queens Development Project

While the new owner plans its design of the development, they’re able to rent out space in “as is” condition.

       

source https://feeds.feedblitz.com/~/609213368/0/globest/new-york~Ariel-Property-Advisors-Sell-M-Queens-Development-Project/

Thor Equities Puts Greenwich 9/11 Museum On the Sale Block

The 13-year-old museum moved to 92 Greenwich St. in 2017

       

source https://feeds.feedblitz.com/~/609194272/0/globest/new-york~Thor-Equities-Puts-Greenwich-Museum-On-the-Sale-Block/