The Office Saga Continues For Beleaguered Lower Manhattan

The first quarter numbers were particularly low due to a lack of high-profile, blockbuster deals.

      

source https://feeds.feedblitz.com/~/649870474/0/globest/new-york~The-Office-Saga-Continues-For-Beleaguered-Lower-Manhattan/

Single-Family Rental Construction Up 66% During the Pandemic

Last year, 50,000 new homes were added to the single-family rental market.

      

source https://feeds.feedblitz.com/~/649866076/0/globest/new-york~SingleFamily-Rental-Construction-Up-During-the-Pandemic/

SL Green Sells Two Residential Stakes for Total Value of $991.6M

The sales are part of the REIT’s larger strategy of selling off non-core assets and reinvesting the proceeds into share repurchases and development projects.

      

source https://feeds.feedblitz.com/~/649781436/0/globest/new-york~SL-Green-Sells-Two-Residential-Stakes-for-Total-Value-of-M/

New York Office Tenants Renew With Huge Rent Savings

Office rents in Midtown Manhattan are down 20%, producing of up to $300,000 for the same savvy tenants.

      

source https://feeds.feedblitz.com/~/649688980/0/globest/new-york~New-York-Office-Tenants-Renew-With-Huge-Rent-Savings/

Lincoln Equities, PCCP Pick Up $54M New York Industrial Portfolio

The deal underscores the depth of investment demand for industrial assets in the New York area.

      

source https://feeds.feedblitz.com/~/649593678/0/globest/new-york~Lincoln-Equities-PCCP-Pick-Up-M-New-York-Industrial-Portfolio/

Why Flight to Stability Is Fueling STNL Investment

While the pandemic laid low many CRE markets, it highlighted even more investment advantages in the single tenant net lease sector, according to Colliers report.

      

source https://feeds.feedblitz.com/~/649489210/0/globest/new-york~Why-Flight-to-Stability-Is-Fueling-STNL-Investment/

SUNY Empire State College Signs Park Ave Lease

The college has relocated its classrooms from Hudson Square to the Feil Organization’s Four Park Ave.

      

source https://feeds.feedblitz.com/~/649265096/0/globest/new-york~SUNY-Empire-State-College-Signs-Park-Ave-Lease/

JV Secures $51M Refinancing for LIC Industrial Asset

North River Co. and North Colony Asset Management procured the fixed-rate loan for the fully-leased, 312,513-square-foot, Matskil Building.

      

source https://feeds.feedblitz.com/~/649258598/0/globest/new-york~JV-Secures-M-Refinancing-for-LIC-Industrial-Asset/

US Industrial Portfolio Trades for $1B

Partners Group sold the 88-property portfolio on behalf of a client, upon implementing a transformational, value-add program and securing 98% occupancy.

      

source https://feeds.feedblitz.com/~/649133052/0/globest/new-york~US-Industrial-Portfolio-Trades-for-B/