Vornado Finalizes $525M Refi of One Park Ave.

The interest only loan matures in February 2026.

      

source https://feeds.feedblitz.com/~/645411964/0/globest/new-york~Vornado-Finalizes-M-Refi-of-One-Park-Ave/

JLL Income Property Trust Acquires NJ Life Sciences Asset

The 147,000-square-foot life sciences building is currently long-term net-leased to the clinical-stage biotechnology company, Celularity Inc.

      

source https://feeds.feedblitz.com/~/645138834/0/globest/new-york~JLL-Income-Property-Trust-Acquires-NJ-Life-Sciences-Asset/

JLL to Market Sale of Brooklyn Development Site

JLL capital markets has been exclusively retained to market the sale of 360-370 Fulton St., a 171,180-buildable-square-foot development site.

      

source https://feeds.feedblitz.com/~/645134770/0/globest/new-york~JLL-to-Market-Sale-of-Brooklyn-Development-Site/

Property Owners: It's Time to Consider Conversions

Although both the Governor and REBNY’s proposal would go a long way in easing the burden faced by vacant commercial properties seeking to convert to residential use, there are a number of additional considerations to keep in mind.

      

source https://feeds.feedblitz.com/~/645119844/0/globest/new-york~Property-Owners-Its-Time-to-Consider-Conversions/

CRE Transactions Retreat in January After Closing 2020 with a Bang

Investment volumes fell 58% in January after a record-breaking December with transactions up 8% in December.

      

source https://feeds.feedblitz.com/~/645106686/0/globest/new-york~CRE-Transactions-Retreat-in-January-After-Closing-with-a-Bang/

New York Residential Sales Increase YOY in January

As a result of these sales, New York City and New York State collected $190.5 million in transfer tax revenue.

      

source https://feeds.feedblitz.com/~/645050246/0/globest/new-york~New-York-Residential-Sales-Increase-YOY-in-January/

Office Leasing Shows Signs of Life in Brooklyn

Brookfield Properties has signed three new leases at MetroTech Center in Downtown Brooklyn.

      

source https://feeds.feedblitz.com/~/644984492/0/globest/new-york~Office-Leasing-Shows-Signs-of-Life-in-Brooklyn/

Vornado Is Bullish About Its Office Pipeline

Many of the companies that paused negotiations due to COVID are now opening up talks again.

      

source https://feeds.feedblitz.com/~/644910052/0/globest/new-york~Vornado-Is-Bullish-About-Its-Office-Pipeline/

SomeraRoad Launches $600M Net Lease Investment Vertical

The investor’s launches the vertical with the purchase of an eight-asset net-lease industrial portfolio for $137 million.

      

source https://feeds.feedblitz.com/~/644907062/0/globest/new-york~SomeraRoad-Launches-M-Net-Lease-Investment-Vertical/