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Latest New York commercial real estate news

Brookfield, QIA sell 49% stake in One Manhattan West to Blackstone

Blackstone Real Estate has acquired a 49 percent stake in One Manhattan West from Brookfield and Qatar Investment Authority (QIA). The deal values the office building at $2.85...

BVK, Paramount JV buys Times Square retail property for $191.5m

A joint venture between German pension fund Bayerische Versorgungskammer (BVK) and Paramount Group has acquired a retail property at 1600 Broadway for $191.5 million from...

Commerz Real acquires office tower in New York

Commerz Real, a member of Commerzbank Group, has acquired an office tower, 100 Pearl Street, located in downtown Manhattan, New York, for its open-ended...

Phoenix Investors buys historic campus in Endicott, New York

Milwaukee-based commercial real estate firm Phoenix Investors has acquired the Huron Campus in Endicott, New York. The purchase price was not disclosed. The Huron Campus,...

Broker confidence in NYC real estate market rises to record levels,...

Broker confidence in the New York City real estate market rose to record levels during the second quarter of 2021, attaining new peaks in...

Boston Properties acquires office property in Midtown South for $300m

Boston Properties (BXP) has agreed to acquire 360 Park Avenue South, a 20 story office property located at the southwest corner of Park Avenue...

SL Green sells stake in New York City office tower for...

SL Green Realty, Manhattan’s largest office landlord, has sold a 49% interest in 220 East 42nd Street, also known as the Daily News Building,...

DiamondRock sells hotel in New York City for $185m

DiamondRock Hospitality Company has completed the sale of the 725-room Lexington Hotel in New York City for $185.3 million.  Including the company's projected capital expenditures, the sale price...

Elion Partners buys last-mile coastal logistics asset in New York

Elion Partners has acquired a 180,200-square-foot last-mile coastal logistics asset located at 182-20 Liberty Ave in the Jamaica suburb of Queens, New York, five...

Urban Edge buys mall in Massapequa, NY from URW for $29.7m

Urban Edge Properties announced that it has acquired Sunrise Mall in Massapequa, New York from Unibail-Rodamco-Westfield (URW) for $29.7 million plus up to $6...

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