NYC Office Recovery Will be Subdued, Below Average: Fitch Ratings

Fitch’s downside scenario assumes a cumulative 15% decline in property-level net cash flow.

      

source https://www.globest.com/2021/09/22/nyc-office-recovery-will-be-subdued-below-average-fitch-ratings/

Google to Buy St. John’s Terminal in Manhattan for $2.1B

The company is currently leasing the Manhattan building, which is a former freight facility that is being reimagined into a sustainable, adaptable and connected building.

      

source https://www.globest.com/2021/09/21/google-to-buy-st-johns-terminal-in-manhattan-for-2-1b/

Avison Young Acquires Singer & Bassuk Organization

Founders Andrew J. Singer and Scott A. Singer have joined Avison Young as principals in New York.

      

source https://www.globest.com/2021/09/20/avison-young-acquires-singer-bassuk-organization/

AI is Creating a More Personalized Apartment Leasing Experience

Following a partnership with Greystar, MeetElise talks about how AI is streamlining the leasing experience.

      

source https://www.globest.com/2021/09/20/ai-is-creating-a-more-personalized-apartment-leasing-experience/

Pay It Forward: "Never Shy Away From Unorthodox Ideas – Those Are The Ones That Tend To Leave A Lasting Impression," Says Shannon Ford of Northspyre

"Don’t let someone silence or dismiss you and your ideas just because of a lack of experience or seniority."

      

source https://www.globest.com/2021/09/14/pay-it-forward-never-shy-away-from-unorthodox-ideas-those-are-the-ones-that-tend-to-leave-a-lasting-impression-says-shannon-ford-of-northspyre/

C&W’s Betty Castro Joins RIPCO as Managing Partner for Its Manhattan, Brooklyn Markets

In 2019, Castro’s leadership helped surpass the Downtown Manhattan market’s revenue goal by over 60%.

      

source https://www.globest.com/2021/09/14/cws-betty-castro-joins-ripco-as-managing-partner-for-its-manhattan-brooklyn-markets/

Brookfield Property Partners Sells Manhattan Retail Condo for $192M

Vornado is also selling some retail properties at a loss.

      

source https://feeds.feedblitz.com/~/665368178/0/globest/new-york~Brookfield-Property-Partners-Sells-Manhattan-Retail-Condo-for-M/

Paramount Signs 279,000 SF at 1301 Avenue of the Americas

The leases include a 167,000 square feet with Credit Agricole CIB and a 112,000 square feet renewal and expansion lease with SVB Leerink.

      

source https://feeds.feedblitz.com/~/665174260/0/globest/new-york~Paramount-Signs-SF-at-Avenue-of-the-Americas/

NYC Adaptive Reuse Medical Center Nears Completion

Sovereign Medical Group Center plans to launch full operations at the transformed, state-of-the-art ambulatory surgery center in Manhattan this fall.

      

source https://feeds.feedblitz.com/~/664743560/0/globest/new-york~NYC-Adaptive-Reuse-Medical-Center-Nears-Completion/