JLL Launches Sale for Upper Westside Development Site

Jones Lang LaSalle has launched marketing efforts for 537 West 59th St. on the Upper Westside in Manhattan.

       

source https://feeds.feedblitz.com/~/619182998/0/globest/new-york~JLL-Launches-Sale-for-Upper-Westside-Development-Site/

RXR Realty Leases 73K SF at 230 Park Avenue

RXR Realty, a New York tri-state real estate owner and operator, has leased up 73,000 square feet at 230 Park Ave. in Midtown Manhattan.

       

source https://feeds.feedblitz.com/~/619181266/0/globest/new-york~RXR-Realty-Leases-K-SF-at-Park-Avenue/

NYC Investment Firm Pays $68M for South Loop Office Building

The 591,577-square-foot Canal Center office building is fully occupied by Northern Trust Co., whose lease term runs through August of this year.

       

source https://feeds.feedblitz.com/~/619179452/0/globest/new-york~NYC-Investment-Firm-Pays-M-for-South-Loop-Office-Building/

Toll Brothers Reports Lower Earnings; Expects Better Results Later This Year

Other positive metrics for the firm were net signed contract units were 1,806, up 31%; the contract value was $1.49 billion, up 28% and backlog units at the end of the first-quarter 2020 were 6,461, up 9%.

       

source https://feeds.feedblitz.com/~/619137072/0/globest/new-york~Toll-Brothers-Reports-Lower-Earnings-Expects-Better-Results-Later-This-Year/

Fred Alger Management Returns Downtown Manhattan

Fred Alger Management, an investment management firm with more than $30 billion assets under management, has returned to Downtown Manhattan on a 50K SF lease after 20 years since losing staff at the World Trade Center during the 9/11 attacks.

       

source https://feeds.feedblitz.com/~/619137078/0/globest/new-york~Fred-Alger-Management-Returns-Downtown-Manhattan/

Investors Layer On Government Tax Credits For OZ Developments

As investors look to fully capitalize on the tax incentives afforded to projects in Opportunity Zones, layering on top other subsidies offered through programs like the New Markets Tax Credit Program has become popular.

       

source https://feeds.feedblitz.com/~/619136032/0/globest/new-york~Investors-Layer-On-Government-Tax-Credits-For-OZ-Developments/

Convene and Lane Join Forces for Investment Partnership

Flexible workplace provider Convene has partnered with work experience platform provider Lane to launch a strategic partnership. Convene will become an investor in Lane to further and Lane will promote Convene as its partner of choice for flexible workplaces.

       

source https://feeds.feedblitz.com/~/619134668/0/globest/new-york~Convene-and-Lane-Join-Forces-for-Investment-Partnership/

Realogy’s Brokerage, Title Segments Have New Names

Title Resource Group, also known as TRG, the company's national title and settlement services business, will go forward as Realogy Title Group, the company states.

       

source https://feeds.feedblitz.com/~/619130256/0/globest/new-york~Realogy%e2%80%99s-Brokerage-Title-Segments-Have-New-Names/