Big Tech firms like Facebook, Apple and Amazon are beating at the doors of New York City landlords looking to lease millions of square feet of premier office, retail and warehousing space. Whether it’s the deal Mark Zuckerberg’s social network is reportedly negotiation for 1.8 million square feet at Hudson Yards, or Apple’s search for as much as 750,000 square feet in the city, Silicon Valley firms are among the most active tenants in the […]
The first residential project in New York City by Thomas Heatherwick is making swift progress at 515 West 18th Street in Chelsea. The curtain wall of bulging, two-story windows on the shorter, ten-story building is nearly complete, while the façade of the taller, 22-story reinforced concrete structure is now starting on the second floor. The topped-out buildings straddle the High Line and will become an eye-catching addition to the neighborhood for residents and tourists alike. The project is located between Tenth Avenue and Eleventh Avenue, and is being developed by Related Companies.
It seems buying and selling e-commerce space these days can provide more value than an IPO — at least as far as Singapore’s GLP is concerned. The massive logistics firm had been considering going public, according to a person familiar with the matter, but landed on a better way to feed its investors: selling a massive warehouse portfolio to Blackstone Group for $18.7 billion, one of the largest deals ever in industrial real estate. Blackstone’s […]
Mortar Architecture + Development has released new renderings for 340 Metropolitan Avenue, a forthcoming mixed-use project in Williamsburg, Brooklyn that the firm is both designing and developing. As reported by YIMBY last year, the seven-story structure will contain ten condominiums spanning approximately 10,500 square feet, with 390 square feet of ground-floor retail.
Permits have been filed for a five-story residential building at 2422 Lyvere Street in Westchester Square, The Bronx. Located between East Tremont Avenue and Zerega Avenue, the lot is nine blocks west of the Zerega Avenue subway station, serviced by the 6 train. Maheen Farrukh of Galaxy City Apartments is listed as the owner behind the applications.
With just 11 days left before the rent laws expired, a chain link of tenants formed along the stairs that led to the New York State Assembly chambers, refusing to let anyone — especially real estate lobbyists — in or out. Their chants filled the hallway outside the chamber doors, where lobbyists and others vied for a chance to influence lawmakers. Clad in red “housing justice for all” t-shirts, the protestors held signs calling on […]