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March 5, 2024

This Week's N.Y. Deal Sheet

Donahue Peebles III Joins Bisnow's New York Multifamily Event On March 21

Queens was the center of activity in New York City commercial real estate over the past week, with developers in the borough landing significant loans and sizable leases, including a life sciences relocation from Manhattan.

TOP LEASES

This Week's N.Y. Deal Sheet

The Innolabs life sciences property in Long Island City has bagged a major tenant, Commercial Observer reports. NYU Langone signed a 105K SF lease for two stories of the 267K SF building, which was developed by King Street…

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Top Stories on Bisnow.com

Macy's Planned Closures Put $24B Of CMBS Debt In The Crosshairs Macy's Planned Closures Put $24B Of CMBS Debt In The Crosshairs
REPORT: Hospitality Firm Ennismore In Talks To Drop Major Cash On High-End Hotel Expansion REPORT: Hospitality Firm Ennismore In Talks To Drop Major Cash On High-End Hotel Expansion
Breaking Middle Ground: How Small-Scale Developers Play Part In City Zoning Push Breaking Middle Ground: How Small-Scale Developers Play Part In City Zoning Push
Amazon To Roll Out Smaller-Format Whole Foods Concept Amazon To Roll Out Smaller-Format Whole Foods Concept
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Gannett, USA Today Moving Headquarters Out Of Virginia

Gannett, the newspaper giant that owns USA Today and a host of local publications, is moving its headquarters from its longtime home of McLean, Virginia, to New York City. 

Gannett, USA Today Moving Headquarters Out Of Virginia

The company is vacating its 176K SF at Valo Park, where it has been located since 2001, and putting it up for sublease, Gannett revealed in its fourth-quarter filing with the Securities and Exchange Commission. “The Company has decided to relocate its corporate headquarters to its executive…

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Lightstone Lines Up $500M Rescue Capital Fund For Troubled Loans, Stalled Projects

Lightstone Group is launching a $500M rescue capital platform, another developer looking to seize on dislocation in the commercial real estate debt markets. 

Lightstone Lines Up $500M Rescue Capital Fund For Troubled Loans, Stalled Projects

The New York-based development and investment firm, which has a $9B portfolio, is eyeing investments between $20M and $100M in multifamily, industrial and hospitality assets across the country, according to a release. Notably, the firm isn't considering office assets with the rescue funding.Lightstone, founded by David Lichtenstein, is looking at…

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