InterContinental Hotels Group has announced that it'll sell an 80% interest in the InterContinental New York Barclay at 111 E 48th St to Constellation Hotels Holding out of Qatar for $240M. It's quite the New York asset, built in the Roarin' Twenties by ...
Boston-based GID has expanded its NYC portfolio, snapping up The Ashley and The Aldyn--sister residential towers built in 2010--from Carlyle and Extell. GID's Windsor Property Management arm had already been handling leasing for the building; The Ashley is ...
Congrats to the management teams at Monday Properties’ 230 Park Ave and MetLife’s 575 Fifth Ave for winning the BOMA Middle Atlantic Conference Outstanding Building of the Year (TOBY) award for 2011-2012. The two buildings are now entered into the BOMA ...
A new Class-A building targeting LEED Platinum is coming to West Chelsea. Yesterday, Albanese Development Corp announced it purchased 510 W 22nd St from Highland Capital for $55M with plans to redevelop the vacant five-story garage. (Fun fact: it was once ...
Israel's largest holding company, IDB Group, has landed a 106k SF lease at its Manhattan flagship 452 Fifth Ave—a big step toward its aim of becoming one of NYC CRE's elite players.PBC-KOOR USA prez Ehud Elizur (PBC is IDB's real estate arm) told us ...
Trucks are nothing compared to buildings. For one, we wouldn't trust an 85-story truck. But the point FS Energy and Cooper Square Realty CEO David Kuperberg was making (during a recent discussion onoil-to-gas conversions in NYC residential buildings) had ...
NYC lags behind most major cities in sustainability, but there's potential, according to NYU Schack Center for the Sustainable Built Environment director Constantine Kontokosta. Last week, he asked an expert panel how we get beyond the low-hanging fruit. ( ...
Itching for a hotel stay, but without the green guilt? (Yeah, you, Mr. Change-Sheets-Daily.) Well, last week, Marriott International and Troutbrook Co opened the guilt-free 133-room Fairfield Inn & Suites in Brooklyn.The lodging industry and guests demand ...
Saving an average of 10% to 15% in energy costs sounds enticing. As does getting an energy savings system installed with 70% of costs and labor covered. 10,000 small businesses in NYC have received that through Con Edison’s Small Business Energy Efficiency ...
Everyone talks about sustainability initiatives, but not as much about the results—and there’s a continuing interest from the real estate community to hear about the outcomes, whether sustainability measures mattered, and to what degree, says CBRE national ...
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