Midtown East is undergoing a resurgence due to new rezoning legislation. Investment activity has increased in the form of redevelopment, according to a recent report by Ariel Property Advisors.
The Whittle School & Studios has entered a 20-year, 620,000-square-foot lease with Tishman Speyer at The Wheeler in Downtown Brooklyn.
“For Omni's first new development and phase on this site, Morris Avenue Apartments, they wanted a commitment to push the envelope from a sustainability perspective,” the Omni New York team tells GlobeSt.com.
JRT Realty Group, a national commercial real estate provider, has brokered three of the ten largest Queens commercial real estate leasing transactions for 2019, more than any other firm listed in the top ten.
The cargo growth was bolstered by a 2.6% increase in imported goods including clothing, furniture, electronics and other everyday products over the previous record for imports set in 2018.
The financing was arranged by JLL Capital Markets and provided by Prime Finance for the 330,631-square-foot office building that PAG Investments purchased from Mack-Cali Realty of Jersey City in late 2019.
Coworking firm WeWork has appointed former Brookfield Properties chief executive Sandeep Mathrani as chief executive officer of the company.
The owner and developer of the Philadelphia site, Richard Zeghibe—founder of Patriot Parking—is expecting to break ground on the building in the second quarter of 2020 and plans to complete construction in the fourth quarter of 2021.
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