Ciara Long

New York, Rio de Janeiro

Award-winning journalist covering NYC @bisnow. PAST: @theskimm, @sfpublicpress, @WPReview @csmonitor @ForeignPolicy. RT≠endorsement.

Articles

Gilead Pledges $11B Investment In U.S. Pharmaceutical Production

6 days ago | bisnow.com | Ciara Long

Drugmaker Gilead is adding to its promised investments in the U.S., vowing to spend another $11B on top of the $21B it has already committed to research, development and manufacturing. Gilead Sciences will split the newest planned investment between $4B for capital projects, $5B for tech, operations and research, and $2B for digital and engineering projects, the company announced this week.
Innovo's Big Bet On Queens Warehouse And Studio Space Waiting For The Payoff

1 week ago | bisnow.com | Ciara Long

Opening a new 1M SF industrial and film studio space could have come at a better time for Innovo Property Group. When the Manhattan-based developer broke ground on The Borden Complex in Long Island City in 2022, warehouses were the hottest property type in real estate and the streaming wars were driving up demand for soundstages.
This Week's N.Y. Deal Sheet: Vornado Signs NYU To $1.6B Lease

1 week ago | bisnow.com | Ciara Long

New York University has struck a nearly $1.6B deal to master-lease the office building at 770 Broadway near its Greenwich Village campus. NYU and Vornado Realty Trust signed a master lease agreement this week for 770 Broadway. NYU on Monday signed a deal to take over the nearly 1.1M SF of office space at the building, according to a release from building owner Vornado Realty Trust. NYU made a $935M lease payment to Vornado and has agreed to pay $9.3M annually over the 70-year lease.
Trump Aims To Cut HUD Funding By 44%, Reshape Housing Assistance

1 week ago | bisnow.com | Ciara Long

President Donald Trump delivered his first budget proposal of his second term Friday, asking Congress to dismantle funding for several low-income housing programs and reshape the Section 8 housing voucher program. HUD Secretary Scott Turner, who praised the cuts to his department in a statement issued Friday. The Department of Housing and Urban Development would face some $32.9B in cuts under the proposed budget, amounting to the department losing roughly 44% of its funding.
Newmark In 'See What Happens' Mode Despite Jump In Leasing, Sales

2 weeks ago | bisnow.com | Ciara Long

Newmark saw double-digit growth across all of its businesses during the first quarter of 2025, but the wider economic uncertainty prompted the firm's executives to issue conservative projections for the rest of the year. Revenues for the New York-based commercial real estate advisory and services firm grew by 21.8% year-over-year to roughly $666M. Leasing fees were up 31% from the same period in 2024, and capital markets grew by 32.7% year-over-year to $173.5M.
REPORT: Deloitte Moving North American HQ To New Hudson Yards Tower

2 weeks ago | bisnow.com | Ciara Long

In a sign of strength of demand for shiny new Manhattan office space, Deloitte has committed to take 800K SF at a tower set to be the largest ground-up office project in the U.S. since the pandemic. The Vessel, the distinctive sculpture at The Related Cos.' Hudson Yards development in Chelsea. The Big Four accounting and consulting behemoth committed to take roughly three quarters of the 1.1M SF 70 Hudson Yards, on which Related Cos.
This Week's N.Y. Deal Sheet: Ralph Lauren Spends $132M On SoHo Storefronts

2 weeks ago | bisnow.com | Ciara Long

Another luxury fashion house has become the owner of its New York City retail space. Ralph Lauren has shelled out $132M for the retail condo units at 109 Prince St. in SoHo, public records show. The deal ends a challenge brought by LVMH, which was eyeing the space as it searched for a new location for its Tiffany & Co. outpost nearby at 97 Greene St., Commercial Observer reported. Ralph Lauren leased the storefront in 2010, but its lease was due to run out next year.
Mayor's Budget Prioritizes Supportive Housing With Thousands Of New Units

2 weeks ago | bisnow.com | Ciara Long

Mayor Eric Adams will ramp up New York City’s commitment to a Bill de Blasio-era initiative designed to fight homelessness, the mayor announced Monday morning. Mayor Eric Adams announces an additional $46M in funding for supportive housing in NYC on Monday morning. Adams plans to commit $46M over the next few years to building and preserving almost 6,000 units of supportive housing, according to a release.
Investors Circling NYC CRE At Levels 'Unlike We've Seen Since 2018'

3 weeks ago | bisnow.com | Ciara Long

The fundamentals underpinning New York City's office market are the healthiest they've been since before the pandemic, and investors across the globe have taken notice. JLL's Peter Riguardi, Nuveen's Shawn Lese and SL Green's Harrison Sitomer at Bisnow's Future of the Market: CEO and Top Executives Summit. “New York is firing on all cylinders,” Newmark Executive Vice Chairman Adam Doneger said Thursday at Bisnow’s CEO and Top Executives Summit.
Retailers Hesitate To Sign Leases As They Digest Tariff Impacts

3 weeks ago | bisnow.com | Ciara Long

Robin Abrams had been in on-and-off negotiations for more than a year to sign a grocery store to a 7K SF lease for retail space on Manhattan's Upper East Side. Until Tuesday. That's when Abrams, the vice chairman for retail at Compass in New York City, learned that the grocer had backed out of the deal, citing concerns over rising costs of food and materials to build out the store.