Economy

Avison Young secured a long-term lease for W Magazine at 1 World Trade Center in Lower Manhattan. The company will occupy 12,456 square feet on the 46th floor for its headquarters. The Avison Young team of Joseph Gervino, Alexis Odgers and Jason Schwartzenberg represented W Magazine in leasing negotiations. The landlord, the Durst Organization, was represented internally by ...

Lendlease and joint venture partner Aware Super announced the opening of Habitat in Los Angeles along with welcoming the building’s first residents. The two-building live-work-thrive campus features luxury apartments, creative offices and restaurant-ready retail space. The 12-story residential building, Habitat Residences, is located at 3411 S. La Cienega Blvd., where Culver City meets Los Angeles. The 260-unit community ...

St. John’s University closed the sale of its Staten Island Campus to Wagner College, ensuring the property’s continued use for higher education and community benefit. The transaction was facilitated by Savills, which represented St. John’s throughout the process. The project was led by the Savills team of Arthur Mirante and David Carlos, along with Savills corporate managing directors ...

Hanley Investment Group Real Estate Advisors recently arranged the sale of a newly constructed, single-tenant Pollo Campero ground lease in Lake Elsinore for $2,925,000. The closing cap rate represents the lowest Pollo Campero cap rate recorded nationwide in nearly four years, according to Hanley. EVP Bill Asher and EVP and partner Jeff Lefko represented the ...