New York & Tri-State

SoHo has emerged as the nation’s most active trophy retail market, according to Adirondack Capital Partners’ (ACP) latest U.S. High Street Retail Capital Markets Report. Drawing on transaction activity tracked during the firm’s most recent reporting period, ACP found that SoHo accounted for 43% of all trophy retail transactions nationwide, underscoring a broader shift toward quality and …

The Moinian Group,has signed 70,000 square feet of new leases at 60 Madison Ave. in Midtown South with Foundational Labs, Inc. d/b/a Pace, GovWell Technologies, Inc., The Full Picture, LLC and Tenex Labs, LLC. Gregg Rothkin, Hayden Pascal, Jared London, Taylor Walker and Keegan Schenk from CBRE represented ownership in all transactions. “60 Madison Ave., with its prime …

Biddle Real Estate Ventures and PCD Development, through leasing agent Lee & Associates, announced the availability of a premier waterfront restaurant location at The Daymark, a newly completed luxury condominium building located within the Edge-on-Hudson mixed-use community in Sleepy Hollow, NY. Positioned directly along the Hudson River, the rare new-construction offering features two remaining retail spaces for sale or lease, …

Berkadia secured a $126.407-million loan to refinance Two Clinton Park, a 28-story luxury apartment tower with 390 residences and 7,574 square feet of ground-floor retail space at 50 Clinton Pl. in downtown New Rochelle, NY. The loan is a Fannie Mae Near Stabilization execution, a conventional, eight-year loan featuring full-term interest-only payments amortized over 35 years.  Managing director Brad …

Newmark arranged the $280-million financing for a 14-property medical office and suburban office portfolio totaling approximately 1.51 million square feet across Long Island. Co-head of Global Debt & Structured Finance Jordan Roeschlaub, vice chairman Chris Kramer, director Tim Polglase, associate director Dan Axelson and associate Niv Shahmoon arranged the financing on behalf of the owner, a joint venture of TPG Angelo …

The CBRE team of Jeff Dunne, Steve Bardsley and Travis Langer, in collaboration with Philip Heilpern of CBRE’s Long Island office, completed the $22.5-million sale of the leasehold interest in 50 Jericho Quadrangle in Jericho, NY. CBRE represented the seller, AG-WE’RE 50 Jericho, LLC, a partnership managed by an entity of TPG Angelo Gordon. The …

S3 Capital has originated a $102-million construction loan for 311 W. 43rd St., a 15-story, 168,299-square-foot office building in Manhattan’s Hell’s Kitchen neighborhood that’s slated for a 160-unit residential conversion with ground-floor retail. The transaction marks S3’s first office-to-residential conversion, following years of careful evaluation. The project is led by sponsor Hershy Silberstein alongside general contractor …

The Real Estate Board of New York (REBNY), the City’s leading real estate trade association, today announced that Jonathan L. Mechanic, Chairman of Fried Frank’s Real Estate Department, has been elected to serve as the next Chair of REBNY. Mechanic will succeed current Chair Jed Walentas, Chairman and CEO of Two Trees Management, and begin …

Woodmont Industrial Partners, in partnership with Sagard Real Estate, has broken ground on the redevelopment of a 25-acre industrial site at 349 & 389 New Brunswick Ave. in Rahway, NJ. The project will replace an obsolete 212,000-square-foot facility with two state-of-the-art, Class-A warehouse buildings. The first building will offer 201,000 square feet of warehouse space …

Greystone has provided a $47,250,000 HUD/FHA-insured loan for The View at Middlesex, a 200-unit multifamily community in Middlesex, NJ. The financing was originated by John Williams, Drew Fletcher and Bryan Grover. The property was developed by Forte Real Estate Development, a vertically integrated real estate development, investment management, and operations firm. Since 2006, Forte has developed …

Construction has begun at Wallace Campus, a $147-million, 187-unit mixed-use affordable housing development in the city of Poughkeepsie, Dutchess County. The project, located on Main Street, includes the transformation of a vacant department store and is part of New York Gov. Kathy Hochul’s $25-billion, five-year Housing Plan, which is on track to create or preserve 100,000 …

Related Companies and Lennar have reached a milestone with the raising of the Barn. Anticipated to open Fall 2026, the custom post-and-beam structure will anchor Market Square, a destination food market at the center of The Village at Tuxedo Reserve. The Village in turn is the heart of Tuxedo Reserve, an upcoming 1,200-acre mixed-use downtown district in Tuxedo, NY. The Village …

Tishman Speyer’s TS Communities has secured financing and will soon begin construction on its third apartment building at Edgemere Commons in Far Rockaway, Queens, the 100% affordable residential neighborhood the firm is developing in partnership with New York City and New York State housing agencies. The 17-story Edgemere Commons B2 will incorporate 300 apartments and 6,000 square feet …

Charney Companies, Tavros and Incoco Capital closed on the construction capitalization for 175 Third St., the fifth building in the Gowanus Wharf campus. Apollo and Affinius Capital LLC are providing $600 million in debt. RXR is providing $185 million in equity. When completed, 175 Third St. will be the largest building in Gowanus, with approximately 1.1 million square feet and …

The congestion pricing program currently in effect in Manhattan is not only reducing traffic jams inside the Congestion Relief Zone (CRZ) but outside it as well, the Regional Plan Association (RPA) reported. With the Central Business District Tolling Program (CBDTP) implemented in January, the Bronx is seeing a 10% reduction in traffic delays, while 12 …

The full build-out of the 11 projects in the Gateway Program to modernize a 10-mile stretch of Northeast Corridor (NEC) passenger rail infrastructure between Newark and New York will generate $445 billion in economic benefits by 2060, the Regional Plan Association (RPA) said Wednesday. The program will annually sustain 46,100 new jobs on average, according …

Sky Equity Group, the New York City-based real estate development firm founded by Simon Dushinsky, has topped out construction on 260 E. 72nd St. on Manhattan’s Upper East Side. The 60-unit condominium project is Sky Equity’s first condo development in Manhattan. Sales are scheduled to launch this fall and will be handled by Douglas Elluman Development Marketing. “This …

JLL Capital Markets arranged the $21.7-million sale of 122 Bruckner Blvd., a 172,774-square-foot residential development site in the Mott Haven section of the Bronx. JLL represented the seller, Altmark Group, and negotiated the transaction directly with the buyer, Nalcorp, which plans to develop one or more residential buildings. The JLL Capital Markets Investment Sales and …