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New York
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Prime Hudson Yards Site Goes on the Block for $27M
NEW YORK CITY-Sales firm Massey Knakal is marketing four lots within the Hudson Yards special zoning district that could be converted for hotel and retail usage, chairman Robert Knakal tells GlobeSt.com's Jacqueline Hlavenka.
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NYC Adopts Green Building Codes, Aims to Save $400M
NEW YORK CITY-The 29 new codes, part of the city's plaNYC's 30-year master plan, strive to reduce greenhouse gas emissions, reduce building energy costs and save 30 billion gallons of water.
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Port Authority Plans $3.6B Overhaul of LaGuardia Airport
NEW YORK CITY-The bi-state transportation agency is exploring a public-private partnership deal to modernize the 1.3-million-square-foot central terminal building in Astoria, Queens. So far, 15 proposals have been filed.
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2 Cooper Square Trades for $134M
NEW YORK CITY-The 142-unit luxury high-rise in NoHo has been snatched up by Wafra International, a Kuwait-based investment firm.
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Increased Bank Regs, Likely Less Loans Still On Track
NEW YORK CITY-As controversy still rages over Basel III and Dodd-Frank regulatory requirements, Deloitte gave a Webinar Tuesday detailing the continued rule push.
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1 WTC Dock Design Flaw Costs Millions
NEW YORK CITY-According to a New York Post story this week, cost overruns have pushed the project to $3.8 billion, $700 million more than expected.
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SiriusXM in Two Manhattan Lease Deals
NEW YORK CITY-The satellite radio operator, home to Howard Stern, has renewed 215,923 square feet of space across two signature properties-1221 Ave. of the Americas and 5 Penn Plaza, according to reports in the NY Post.
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EU Prohibits NYSE Euronext & Deutsche Boerse Merger
NEW YORK CITY-In light of the European Commission's decision, both companies are in discussions to terminate their merger agreement. Following the termination, NYSE Euronext will resume a $550 million share repurchase program to return capital to shareholders.
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J. Calnan & Associates Completes Office Project for TJX
NEW YORK CITY-J. Calnan & Associates, a construction management firm based in Quincy, has completed refurbishment of the New York Buyers Office on the Avenue of Americas for the TJX Cos.
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Distressed Apartments Raise Risk for All
NEW YORK CITY-A report by Enterprise Community Partners and the Citizens Housing and Planning Council shows that distressed apartment buildings increase the risk of deterioration for surrounding towers and raises costs for the general public.
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FelCor JV Grabs NYC Knickerbocker Hotel for $115M
NEW YORK CITY-FelCor and Highgate Holdings formed a JV to pick up the iconic lodgings, located at 1466 Broadway in Midtown Manhattan.
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SL Green's FFO Increases to $90M in Q4
NEW YORK CITY-During an earnings call on Tuesday morning, CEO Marc Holliday said the REIT's portfolio activity is "high" despite a citywide slowdown, showing 662,000 square feet of leasing and $4.5 billion in acquisitions.
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Chesapeake Lodging to Acquire Hyatt Place for $77M
NEW YORK CITY-The REIT, on an acquisition spree of late, will enter a management agreement with Real Hospitality Group once the hotel is completed.
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Housing Recovery Plan Called Into Question
NEW YORK CITY-With mortgage rates and home prices at record lows, the commercial real estate industry is divided over whether President Obama's mortgage overhaul and fraud task force will help-or hurt-housing.
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New York Hotel Deal Volume May Hit $2.6B in '12
NEW YORK CITY-Riding 2011's positivity, and from data in its Hotel Intelligence New York report, Jones Lang LaSalle hotels' Amelia Lim tells GlobeSt.com that New York will remain a "save haven" for investments in 2012.
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