The EQ Office-owned building is situated in the heart of the Financial District. Local brokers expect the 354,208-square-foot office property could sell between $212 million to $266 million.
The demolition includes a technique that requires hardening the existing 29-year-old building’s elevator shafts to create debris chutes to allow for easy removal of the structure.
Rockefeller Group, a national owner and developer of real estate, has topped out its first luxury residential tower called the Rose Hill located at 30 E29th Street in the NoMad submarket.
WeWork may have disrupted the coworking sector, but smaller and local coworking spaces are catching up, according to a new survey from Clutch, a ratings and reviews platform.
In LIC and Greenpoint, New York City-based real estate investor Caerus Group has secured a $30.5 million fixed-rate loan from national real estate lender Agentic on a 65,000-square-foot office portfolio.
Freddie Mac provided the $50.775-million acquisition loan for the buyers—Cantor Fitzgerald and operating partner BH Equities, according to NKF's Multifamily Capital Markets group.
The NJ TRANSIT office of real estate, economic development and transit-oriented development will assess and develop recommendations for transit-oriented development opportunities for parcels of property in which NJ TRANSIT holds an interest in, with the goal of increasing NJ TRANSIT’s non-farebox revenue.
Companies want to create a destination to increase office headcounts because face-to-face interaction remains essential for collaboration, says Camille Tighe, a workplace strategist at architecture firm Vocon.
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