NEW YORK CITY-With its acquisition of the Wadley-Donovan Group complete, Grubb & Ellis executives say theirs is now the only real estate firm to offer comprehensive site selection services as an in-house menu item. Competitors beg to differ.
NEW YORK CITY-As it prepares to consolidate its Long Island operations, BAE Systems is embarking on a major upgrade to its Greenlawn facilities. The $19-million project will result in the relocation of BAE's Syosset operations to the expanded Greenlawn campus.
NEW YORK CITY-The UK-based sandwich-shop chain signs new deals with an aggregate value of nearly $7 million and plans to have between 16 and 20 stores operating in Manhattan by the end of 2002.
NEW YORK CITY-By dedicating an unused freight elevator exclusively for the Flatiron District furniture manufacturer's use, the company was able to remain in its current 20,250-sf space while leasing an additional 15,250 sf four floors up.
NEW YORK CITY-Brooklyn real estate firm Two Trees Management has been selected by the EDC to build a 500,000-sf mixed-use facility on the border of Brooklyn Heights and Cobble Hill. The project will combine residential, retail and parking components with a 40,000-sf YMCA.
NEW YORK CITY-Investment banking firm Sonnenblick-Goldman arranges mortgage financing for the land beneath a roughly 700,000-sf Penn Station submarket office tower owned by Vornado Realty Trust.
NEW YORK CITY-A group of investors has quietly acquired a Ninth Avenue warehouse and the air rights to five adjacent buildings. They plan to add several additional floors and redevelop the industrial property as a luxury condominium building.
NEW YORK CITY-The athletic apparel and equipment chain signs a 15-year lease at Boston Properties' 1.1 million-sf Ernst & Young headquarters building. The two-level store is scheduled to open this fall.
NEW YORK CITY-New York Marriott Brooklyn Hotel in Downtown Brooklyn will undergo a 180,000-sf growth spurt. The city-owned hotel will add a 23-story building adjacent to the main structure and connected by an enclosed bridge.
NEW YORK CITY-Crown Properties says its decision to replace Jones Lang LaSalle with Cushman & Wakefield as leasing agent for 61 Broadway demonstrates a new determination among Downtown building owners to stay one step ahead of the game.