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NYC’s 10 biggest new developments OK’d in November

Source: The Real Deal A megaproject in Downtown Brooklyn – Acadia Realty Trust’s City Point – led the pack of the city’s 10 largest new developments approved in November. But plenty of other mammoth projects in Manhattan and elsewhere in the five boroughs made the list, according to a PropertyShark analysis of city Department of [...]

JTRE to Acquire 63 Spring Street – New York Post

Nonprofits With Sought-After Buildings Take Advantage of a Hot Market

Source: The New York Times After 40 years, United Cerebral Palsy of New York City plans to move from its headquarters in the Gramercy Park neighborhood of Manhattan. It is selling the building to Toll Brothers, a development company, for $135 million, more than twice what it was offered for the four-story property back in [...]

Room at the top for observation decks

Source: Crain’s New York Business When the observation deck opens atop the hemisphere’s tallest spire, 1 World Trade Center, in a little more than a year’s time, it will offer three floors packed with shops, fine dining and streaming videos of the history of New York in the elevators, not to mention wrap-around views of [...]

AEW Snaps Up 520 West 43rd Street Apartment Building from Gotham

Source: Commercial Observer AEW has acquired New Gotham, a 375-unit apartment building on the Far West Side, from the Gotham Organization and its investor AIG Affordable Housing, representatives of the seller announced today. The acquisition price was approximately $170 million, according to the New York Post, which first reported the sale. Built in 1998, the [...]