NEW YORK — Real estate firms Witkoff and Access Industries announced that One High Line, their luxury condominium project in West Chelsea in Manhattan has surpassed $1 billion in sales, the fastest residential project in downtown New York City to do so in ten years. Corcoran Sunshine Sales and Marketing successfully led One High Line to over $1.043 billion in sales capturing 7% of…
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NEW YORK — JLL‘s Capital Markets group has arranged a $1.125 billion refinancing for 3 Bryant Park, a 1.2 million square-foot, prestige office tower located in the Bryant Park neighborhood of Midtown Manhattan. JLL represented the owner, Ivanhoé Cambridge (the real estate group of CDPQ), as well as Hines, who serves as the asset…
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NEW YORK — IBM has signed a 92,663-square-foot expansion lease at One Madison Avenue in NYC, increasing IBM’s total footprint at the property to 362,092 square feet. The 15-year lease covers the entire 7th floor and brings the building to 72% leased, owned by SL Green. This lease follows the…
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ALBANY — Home sales inched upwards in December despite housing inventory reaching its lowest point in recorded history, according to the housing report released this week by the New York State Association of REALTORS. Median sales prices continue to escalate, rising 10.5 percent in December, from $380,000 in December 2023…
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For the second straight year, real estate website Zillow expects Buffalo in Western New York to be the nation’s hottest housing market in 2025, with Indianapolis, Providence, Harford, and Philadelphia rounding out the top five. Buffalo was also predicted to be the hottest market of 2024, making it the first…
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NEW YORK — RLTYco, a New York-based full-service provider of comprehensive resources for real estate professionals, has closed a $20 million Series A funding round led by Altriarch. This strategic equity and debt raise enables real estate professionals nationwide to secure commission funding in as little as 24-hours. RLTYco also…
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NEW YORK — Tishman Speyer today announced that the firm has refinanced The Spiral, its new Manhattan office tower, with a $2.85 billion loan. The Spiral is 94 percent leased two years after its opening. The five-year, fixed-rate loan is led by JPMorgan Chase with Bank of America, Goldman Sachs, and Wells Fargo serving as…
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Governor Kathy Hochul announced the selection of the Hudson Boulevard Collective — a partnership of BRP Companies, BXP, The Moinian Group and Urbane Development, with minority-owned businesses representing 31 percent of the development team — as the conditionally designated entity to create a transformative $1.35 billion mixed-use project at 418…
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NEW YORK — The Empire State Building (ESB) has officially opened the Empire Lounge – 10,000 square feet of new amenities on the building’s Club Level exclusively for building tenants. The Lounge is available for everyday tenant use and features 17.5-foot vaulted ceilings, a variety of comfortable seating areas in…
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SL Green Realty Corp. has entered into a contract to purchase 500 Park Avenue, the former Pepsi headquarters, for $130.0 million. “500 Park Avenue is an extraordinary addition to our Park Avenue portfolio and a rare opportunity to own an iconic asset that hasn’t traded in more than 40 years,” said Harrison Sitomer,…