NEW YORK CITY-New York has two new laws designed to spur apartment construction and extend tax abatements. The governor hopes the legislation will further promote the Downtown area.
NEW YORK CITY-A Lincoln Building tenant for nearly 70 years, JP Morgan Chase re-ups for 10 years in a deal with an aggregate value of more than $20 million.
NEW YORK CITY-Swig Burris Equities is taking more space in Lower Manhattan. The company plans to transform 5 Hanover Square into a luxury boutique office building, similar to a previous Swig Burris project, 48 Wall St.
NEW YORK CITY-Hines closed on three properties--two in Manhattan and one in Washington, DC--as part of an arrangement with Sumitomo Life Realty that was announced in April.
NEW YORK CITY-With Lower Manhattan experiencing a renaissance these days, the Alliance for Downtown is trying to lure in small and midsize companies involved in the business services and high-tech sectors.
NEW YORK CITY-In anticipation of adding 10 new member countries next year, the Council of the European Union leases 23,944 sf at 222 East 41st St. That is just about double the amount of space the EU currently leases.
RANDALL'S ISLAND, NY-A private/public effort will bring a $37 million track and field center to Randall's Island on the site of a former world-class stadium. The project is slated to be completed next summer.
BROOKLYN HEIGHTS, NY-One of the last remaining pre-war elevator apartment buildings that wasn't converted into condominium space has been sold for $15.6 million.