Real Estate Deal Watch

• Weekly commuter roundup: July 29-Aug. 2 July 26, 2024
  Here are the subway disruptions, road closures and other commuting changes you should be aware of as you get around the city this week.Subways No G trains between Bedford-Nostrand Avenues in Brooklyn and Court Square in Queens until 8:30 p.m. on Aug. 11.Commuter rail  Westbound trains skip Elmont-UBS Arena, Queens Village and Hollis stations, Monday through Thursday […]
• J&J loses latest legal bid to revive talc bankruptcy strategy July 26, 2024
  Johnson & Johnson lost its bid in a federal appeals court to revive a plan to settle tens of thousands of talc cancer lawsuits by placing a subsidiary into bankruptcy.The ruling Thursday upheld a bankruptcy judge’s dismissal last year of the Chapter 11 case of J&J subsidiary LTL Management LLC. J&J created LTL to carry […]
• Lucerne hotel owner sells Upper West Side mansion July 26, 2024
  A wealthy real estate mogul and hotel magnate who found himself at the center of a controversy four years ago when the city turned one of his boutique inns into a temporary homeless shelter has offloaded his Upper West Side mansion for $10 million, according to a deed that appeared in the city register Friday.Sam […]
• Sephora lands huge rent reduction at Midtown store July 26, 2024
  Sephora just scored a huge discount on its rent for a Madison Avenue store.The chain rated one of teens’ favorite beauty retailers last year is now paying $156 a square foot for space at 520 Madison Ave., a steep 66% markdown from its old lease that expired in June. Sephora, which is owned by LVMH […]
• Deals of the Day: July 26 July 26, 2024
  LeasesIndoor soccer facility takes space in FiDi office towerAddress: 28 Liberty St., ManhattanLandlord: Fosun HiveTenant: SocceroofLease size: 20,000 square feetAsset type: RetailBrokers: Newmark's Jordan Gosin represented the tenant. Newmark Retail's Jeffrey Roseman, Ross Kaplan and Drew Weiss represented the landlord.Read more about the deal here.Taproom opening in Durst Seaport buildingAddress: 220 Front St., ManhattanLandlord: The […]
• Indoor soccer facility heads to landmarked downtown office tower July 26, 2024
  An indoor soccer facility is opening its first Manhattan location in a landmarked downtown office building.Socceroof has inked a deal for 20,000 square feet at Fosun Hive's 28 Liberty St., Fosun announced Friday. The sports venue features multiple five-sided soccer fields and has other city locations in Sunset Park, Crown Heights and Long Island City, […]
• Op-ed: A call to transform gun violence prevention in New York July 26, 2024
  In recent years, the United States has grappled with the devastating impact of gun violence, which continues to plague communities across the nation. As the founder of LIFE Camp and a dedicated advocate for peace, I have been at the forefront of the fight against violence in our society.In light of the Surgeon General's recent […]
• A Queens startup grows gourmet mushrooms from restaurant food scraps July 26, 2024
  In 2021 Winson Wong had a dilemma. Within six months of trying to develop a hyperlocal network of composting services for restaurants, Wong and his partners, Sierra Alea and Ryan Freed, had come to the realization that the effort was too logistically and financially daunting. But they had a list of clients interested in paying […]
• Bronx hospital's Olympics ad connects breakdancing to early cancer detection July 26, 2024
  As breakdancing gets its moment in the world’s spotlight debuting as an Olympic sport in Paris, a hospital in the Bronx is flashing back to its hardscrabble origins with a new ad.“Spot it Early,” Montefiore Einstein’s message about early cancer detection, has a parallel in the emerging art form and its performers—early detection, in sports […]
• VC funding for New York startups on pace to exceed 2023 July 26, 2024
  Venture capital investment in New York startups is on the rise and will outpace the uncharacteristically low levels of 2023 if it remains on the current trajectory.That's according to the latest monthly economic snapshot from the New York City Economic Development Corp., which traces metrics relating to the health of the labor market, business activity, […]