Rental Prices Down, Available Space Rose in Q2 in Manhattan

Uncertainty from COVID-19 pandemic has led to a pause in real estate decisions for many businesses.

       

source https://feeds.feedblitz.com/~/635430808/0/globest/new-york~Rental-Prices-Down-Available-Space-Rose-in-Q-in-Manhattan/

Urban Edge Properties Leases Redeveloped Warehouse

The former retail site, leased by AAA Wholesale Group’s, will serve as the company’s first NJ location.

       

source https://feeds.feedblitz.com/~/635371594/0/globest/new-york~Urban-Edge-Properties-Leases-Redeveloped-Warehouse/

The Impact of Bankruptcy Issues On COVID Lease Restructurings

There are several important topics for both tenants and landlords to consider from a bankruptcy perspective while negotiating lease amendments.

       

source https://feeds.feedblitz.com/~/635371138/0/globest/new-york~The-Impact-of-Bankruptcy-Issues-On-COVID-Lease-Restructurings/

Newmark Group Hires 11 Industrial Brokers from Savills

The individuals specialize in supply chain and logistics real estate and advisory for blue-chip clients.

       

source https://feeds.feedblitz.com/~/635344828/0/globest/new-york~Newmark-Group-Hires-Industrial-Brokers-from-Savills/

Manhattan Is No Longer the Top Spot for CRE Liquidity

Manhattan fell from its perch as one of the top two markets for liquid commercial property and was replaced by two Europe-based cities. However, the global market is collectively reeling from COVID-19's impact.

       

source https://feeds.feedblitz.com/~/635338384/0/globest/new-york~Manhattan-Is-No-Longer-the-Top-Spot-for-CRE-Liquidity/

Teleworking Could Turn 2M Million Renter Households in Home Owners

With nearly half of Americans theoretically able to telecommute, Zillow found that almost 2 million American renters living in pricey metro regions could afford starter homes in less expensive parts of the country.

       

source https://feeds.feedblitz.com/~/635337828/0/globest/new-york~Teleworking-Could-Turn-M-Million-Renter-Households-in-Home-Owners/

Turnbridge Recaps Bronx Logistics Center; Secures $105M

Turnbridge entered into a joint venture with Dune Real Estate Partners to own and develop the five parcel assemblage.

       

source https://feeds.feedblitz.com/~/635276812/0/globest/new-york~Turnbridge-Recaps-Bronx-Logistics-Center-Secures-M/

SL Green Secures $600M Refi from Goldman Sachs, Wells Fargo for Manhattan Office

The new 5-year facility replaces the previous $465 million construction facility that was put in place in 2019.

       

source https://feeds.feedblitz.com/~/635236104/0/globest/new-york~SL-Green-Secures-M-Refi-from-Goldman-Sachs-Wells-Fargo-for-Manhattan-Office/