NEW YORK CITY-The architect and developer, who together have created some of the most notable buildings in the US, were honored for their work at the Guggenheim Museum last night (July 12).
NEW YORK CITY-Put up for bid in April by Sara Lee to dispose on non-core assets it acquired in 1999, the six leaseholds have an average term of 20 years. The former diners range in size from 10,000 sf to 16,000 sf.
NEW YORK CITY-Put up for bid in April by Sara Lee to dispose on non-core assets it acquired in 1999, the six leaseholds have an average term of 20 years. The former diners range in size from 10,000 sf to 16,000 sf.
NEW YORK CITY-On its 75th anniversary, the 686 rooms and suites of what will now be known as the Inter-Continental The Barclay New York, will have centralized air conditioning, telephones in the bathrooms and power and data ports in the guest rooms.
NEW YORK CITY-The REIT has purchased a 452-unit multifamily in Bayport, NY for $39 million and sold a Dansville, NY property with 82 units for $2.5 million. Proceeds from the sale will be invested in the acquisition, which will undergo a $2.9 million upgrade.
NEW YORK CITY-The real estate market here has responded quickly to the slowing economy; it usually takes more than six months for this sector to feel the effects. Part of that response has been a better than fivefold increase in sublease space.
NEW YORK CITY-The real estate market here has responded quickly to the slowing economy; it usually takes more than six months for this sector to feel the effects. Part of that response has been a better than fivefold increase in sublease space.
NEW YORK CITY-For the fourth week in a row, the RMS has closed at a record high, over 400 for the first time. Despite that stellar performance, however, the 30-day trading volume for real estate mutual funds slipped, as did the average dividend yield for the RMS.
ARDMORE, PA-Instead of matinees, the former movie house, which dates back to the 1920s, will be welcoming those looking for a workout. The 25,000-sf theater had been vacant for more than a year. The lessee operates five other locations; its parent company runs more than 100 clubs.
NEW YORK CITY-The 88-year-old firm, with a staff of 300 professionals who manage more than 16.5 million sf of space, leased and sold more than 7.5 million sf of space last year.
