Brookfield Properties is buckling down on its sustainability strategy. The Canadian-headquartered asset management firm has zeroed in on upgrading its Brookfield Place Central Plant to reduce its carbon footprint, increase energy efficiency and lower overhead costs.
Brookfield Properties has leased 87,000-square-feet to international energy company National Grid at 2 Hanson Place, Downtown Brooklyn. The 15-year lease includes the 11th and 12th floors of the 14-story Class A building.
The New York Botanical Garden has partnered with Douglas Development to construct a two-building, 450-unit affordable housing development for seniors and families.
Klee, who held several executive positions at GE, served as GE’s vice president of Boston development and operations and led the search for GE’s new headquarters and eventual move from Fairfield, CT to Boston.
Private equity investment firm Pebb Capital and TriArch Real Estate Group, a New York-based real estate investment and management firm, has sold The Alabama, a trophy student housing asset located at 15 E. 11th St. for an estimated $104 million.
A temporary injunction against the Department of State guidance barring tenant-paid broker commissions has many asking could the court deem it as justified since it is not law but a litigation position? Leni Morrison Cummins, a real estate attorney at Cozen O’Connor, tells GlobeSt.com.
Manhattan developers hit a roadblock with wonky land costs. In December 2019, the market only saw two development sales, according to Avison Young data.
The DEP will hold initial stakeholder sessions on potential rule changes beginning on Friday, Feb. 21 from 9 a.m. to 4 p.m., focusing on periodic monitoring and reporting of statewide greenhouse gas emissions, hosted by the DEP Air Quality, Energy and Sustainability program.
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