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How to Buy Real Estate

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Savanna signs $ 180 million contract for Lexington Avenue

Savanna closed Monday with the planned purchase of 360 Lexington Ave. from AEW Capital Management. The deal was funded with a $ 126 million Barclays loan arranged by Eastdil Secured. Savanna is planning a $ 20 million capital improvement program that will include lobby and entrance renovations, a pre-built program and infrastructure upgrades. The Grand […]

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FiDi has the best mid-year rental rates since 2000

The landlords of FiDi are celebrating the largest leases in the middle of the year since 2000, according to new CBRE data reported by the New York City Downtown Alliance. Among the highlights: 23% of total lease volume in the second quarter included moves from Uptown to FiDi, including four major relocations from Midtown South. […]

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In the Riverwalk Park of affiliated companies on Roosevelt Island

Affiliates and Development Partners Hudson Companies have just surpassed Riverwalk Park on Roosevelt Island, a 21-story Main Street apartment block that will receive 340 new, affordable housing units. Opening is set for 2021. It is the eighth building of Related and Hudson and the first newly built and permanently affordable on the island. Riverwalk Park […]

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Hudson yards fight over the planned train bed

The delay in building a platform above the Western Railway Station is not the only delay at Hudson Yards. The eastern half of the 28-hectare complex was opened in March. But, as we reported last week, Stephen Ross's Related Companies and Oxford Partners can not begin work on a deck above the exposed West Station […]

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Blog helps almost quadruple office space on Park Avenue

A tenant who signed a five-year contract in 2016 at 90 Park Ave. almost quadrupled its place – thanks to a blog post. San Francisco's Financial Technology Partners investment bank has now been extended to the entire 16th floor [26,322 square feet]. It is currently located on a 6,500 square meter section on the 25th […]

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New LED light show panels decorate One Times Square

The streets and sidewalks in Times Square are getting uglier – but higher it looks better. The bollardization of the "fly-lock area" reported by us a few weeks ago has claimed another "pedestrian square" – the one between West Street 42 and 43rd Street, where large chunks are impassable due to excavations for ascending security […]

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