NEW YORK CITY-A settlement has been reached in the dispute over the Deutsche Bank building that was heavily damaged in the Sept. 11, 2001 terrorist attacks. The building will be torn down and the site will be utilized for parking, security and open space.
NEW YORK CITY-Trammell Crow is teaming up with ING Clarion in an effort to develop approximately $500 million of major market industrial spaces over the next few years.
NEW YORK CITY-The volatility of the national office market should continue for the next two or three quarters, according to recently released findings from Fitch Ratings.
BROOKLYN, NY-When you add a few recent sales with a number of development projects on the table in this New York City borough, you can see how it can be considered a hot and up-and-coming alternative.
NEW YORK CITY-Approximately $400 million in financing has been earmarked for the office portion of Alexander's 1.4-milion-sf 731 Lexington Ave project, which is known as Bloomberg Tower, for its anchor tenant.
NEW YORK CITY-What does the improving economy mean for the real estate market in the coming months? That was the issue discussed at a symposium held by the New York District Council of the Urban Land Institute.
NORTH AMITYVILLE, NY-Defense manufacturer maintains presence in the state thanks to state and local incentive programs. The company will expand a plant in this Long Island community from 96,000 sf to 225,000 sf.
NEW YORK CITY-Midtown's popularity is proving itself once again as 261 Fifth Ave. sells for $114 million. Newport Beach, CA-based KBS Realty Advisors sold the property it picked up four years ago and refurbished.
NEW YORK CITY-An affiliate of Credit Suisse First Boston is exploring the possibility of infusing $400 million into Trump Hotels & Casino Resorts. The funds would be allocated toward expansion and development efforts.
NEW YORK CITY-The city's 40-year plan to revitalize the Hudson Yards area received a boost as a not-for-profit corporation was formed to make headway toward financing the project, which is expected to initially cost $2.8 billion.