Regions Northeast | New York
Mack-Cali Taps CBRE as Leasing Agent for Manhattan’s 125 Broad St.
Jan. 07, 2009
CB Richard Ellis has been selected by Mack-Cali Realty Corp. as the exclusive agent to lease a portion of its office holdings at 125 Broad St. in New York City.
Trump SoHo Condo Hotel Clears NY Supreme Court Hurdle
Jan. 07, 2009
New York Supreme Court Justice Kibbie Payne has denied a petition by Soho Alliance Inc. that challenged Trump SoHo’s status as a lawful hotel condominium.
Philips Plans Manhattan Office Condos
Jan. 07, 2009
Philips International has acquired a 100,000-square-foot building in Manhattan, which it will redevelop into for-sale office condominiums.
Cushman Report: Even Manhattan Humbled in 2008 
Jan. 06, 2009
After a steep decline in office rents and leasing activity at the end of 2008, many owners are attempting to lure tenants with aggressive deals, according to Cushman & Wakefield Inc.’s year-end report on the Manhattan office market.
brooklyn bridge $48M First Phase of Brooklyn Bridge Park Project Breaks Ground
Dec. 31, 2008
Reusing and revitalizing Brooklyn’s deteriorated East River waterfront began with a groundbreaking in February on the piers area and now a $48 million contract was awarded to Skanska for Phase I of the Brooklyn Bridge Park project in New York City.
SL Green Aims to Raise $95M with Sharp Dividend Cut
Dec. 30, 2008
SL Green Realty Corp. has slashed a planned dividend payment in efforts to pay down debt and conserve funds for future investments. The company set the new dividend payment at $0.375 per common share for the fourth quarter of 2008. The third quarter dividend was $0.7875 per share.
delmonte Report: Manhattan Trophy Offices Lose Some Luster
Dec. 22, 2008
Weakening economic conditions in Manhattan’s office sector have begun impacting average asking rents for the city’s trophy-quality office buildings.
Silverstein Wins Arbiter’s Nod in WTC Construction Dispute
Dec. 12, 2008
Settling a dispute over construction conditions at Manhattan’s World Trade Center, an arbitration panel has ruled that the public agency that owns the site has not finished preparatory work necessary for construction of two office towers. The decision will require the Port Authority of New York and New Jersey to pay developer Silverstein Properties Inc. millions of dollars in additional penalties because progress on the towers is being hampered. But both the agency and the developer also won high marks from the panel for their willingness to work together.
Serota Properties Proposes $300M Mixed-Use Project
Dec. 11, 2008
Serota Properties has submitted a proposal to develop a $300 million mixed-use community on 136 acres at the corner of Sunrise Highway and Veterans Memorial Highway in New York’s Islip, Long Island.
WestLB’s 129,000-SF Move to 7 WTC Brightens Downtown Picture
Dec. 05, 2008
A major new lease from a financial firm is rare in New York City these days, especially around embattled Wall Street. So yesterday’s announcement that a financial firm will scoop up a large block of trophy tower space in Downtown Manhattan came as a pleasant surprise.
Developers Move Ahead with Plans for 60-Story NYC Tower
Nov. 21, 2008
Banking that the healthcare industry will stay healthy despite the tough economic times, developers are moving ahead with plans to build the World Product Centre, a 60-story tower on Manhattan’s West Side that would showcase medical diagnostic and device companies and serve as an international educational center.
pier 57 NYC's Pier 57 Attracts Trio of Renovation Proposals
Nov. 21, 2008
At the edge of Manhattan’s Meat Packing District in Chelsea, Pier 57 abuts an area that has seen a burst of activity over the last decade. Located at the end of West 15th St. and encompassing some 375,000 square feet of waterfront space plus rooftop area, the pier is now the focus for three bids for renovation.
Economou Joins Grubb as EVP
Nov. 19, 2008
Richard Economou has joined Grubb & Ellis Co.'s New York office as executive vice president.  Specializing in the finance, insurance and real estate sectors, he brings more than two decades of commercial and retail real estate experience to the firm, including experience with real estate turnaround transactions.
CBRE Promotes 4 to SVP
Nov. 18, 2008
CB Richard Ellis has promoted Sacha Zarba, Doug Lehman, Andrew Sussman and Bill Mooney to senior vice president.  They were previously first vice presidents.
$2B Deal for Pair of NYC Offices Reportedly Falls Through
Nov. 18, 2008
Two New York City office properties are back on the market, as a deal under which George Comfort & Sons would have acquired the assets--1540 Broadway and Worldwide Plaza--for some $2 billion has fallen through.
arena At CPN Conference, Local Leaders Offer To-Do List for NYC’s Future
Nov. 17, 2008
At CPN’s annual New York City Investment conference on Friday, speakers offered a vision of the nation’s largest commercial real estate market that blended sober realism with an occasional dash of clear-eyed optimism.
1515 broadway SL Green Inks Viacom to 1.3M-SF Lease at 1515 Broadway in Manhattan
Nov. 11, 2008
Viacom has decided to keep its global headquarters at 1515 Broadway in Times Square, renewing and extending its lease for 1.3 million square feet of space at the 54-story Midtown Manhattan skyscraper that is home to MTV studios and the Nokia Theater.
CBRE Arranges 80,000 SF Retail Leases in Manhattan
Nov. 11, 2008
CB Richard Ellis arranged more than 80,000 square feet of retail and garage leases at the Manhattan House on behalf of O’Connor Capital Partners.
NYC Feels Heat from Credit Crisis, But Long-Term Outlook Still Favorable
Nov. 10, 2008
New York City’s commercial real estate market isn’t immune to the fallout caused by the economic downturn. Transactions have plummeted 61 percent from the beginning of the year through October, according to data from Real Capital Analytics Inc. In the longer term, however, the outlook for the market remains strong.
REBNY Report: No Crisis Thus Far for NYC Retail
Nov. 06, 2008
Despite the economic downturn, Manhattan’s retail market is showing surprising strength, as least as evidenced by current asking rents, according to a survey released by the Real Estate Board of New York.
Juster Nabs Tarrytown Office for $48M
Nov. 05, 2008
Juster Development has acquired 100 and 120 White Plains Road in Tarrytown, N.Y., from SL Green in a $48 million deal.
CBRE Promotes Gerla to EVP
Oct. 29, 2008
CB Richard Ellis announced that Brad Gerla has been promoted to executive vice president in the New York Tri-State region.
CBRE Promotes Petriello to EVP
Oct. 28, 2008
CB Richard Ellis promoted Silvio Petriello to executive vice president.  As a tenant representative specializing in boutique financial services firms, Petriello arranges the acquisition and disposition of commercial office space in the New York metropolitan area and across the country.  Starting at CBRE as an associate in 2000, Petriello’s rise to executive vice president is one of the fastest in the firm’s history.
CBRE to Market Brooklyn Shopping Center for Sale
Oct. 27, 2008
CB Richard Ellis has been exclusively retained by Saltru Associates to sell the leasehold interest in Ceasar’s Bay Shopping Center, a 294,000-square-foot, 100-percent occupied shopping center located at 8973 Bay Parkway in Brooklyn, N. Y.
Atlantic-Yards Atlantic Yards Arena Gets Clearance to Use Tax-Free Bonds
Oct. 23, 2008
The Internal Revenue Service has issued a ruling that gives Forest City Ratner Cos., developer of the $4 billion Atlantic Yards project in Brooklyn, the go-ahead to leverage tax-free bonds for the development, the cornerstone of which would be a new arena for the National Basketball Association’s New Jersey Nets.
 

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