Former Avalon Hotel in NoMad Markets for Sale New York & Tri-State + Midtown New York + Finance | October 2, 2023 Fintech Relocates to Flatiron With 66K-SF Lease New York & Tri-State + Midtown New York + Office | October 2, 2023 NY Rent Law Challenge Rejected by Supreme Court New York & Tri-State + New York + Apartments | October 2, 2023 FEATURED STORY New York & Tri-State CRE News In Your Inbox. Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. More New York & Tri-State Stories More Stories Apartment buildings for saleCheck out the latest properties available on apartmentbuildings.comVillage of the PinesStockton, CACalifornia & West + Apartments + Garden StyleListing Status:AvailableListing Type:Highest & best offerPrice:$15,500,000No. of Units:100Year Built:1969No. of Stories:2Opportunity Zone:NoPrice per unit:$155,000Learn MoreBankruptcy Sale: 291 Livingston StreetBrooklyn, NYNew York & Tri-State + Hotel/MotelListing Status:AvailableListing Type:AuctionNo. of Units:104Year Built:2023Building Size:50914 Sq ftLot Size:3400 AcresNo. of Stories:22Zoning Code:C6-4, DBOpportunity Zone:NoLearn MoreHuntington Park ApartmentsBeaumont, TXTexas + ApartmentsListing Status:UnavailableListing Type:Call for offersNo. of Units:92Year Built:1972Lot Size:79556 AcresOpportunity Zone:NoLearn MoreView all apartments Hone your competitive edge today with Connect Classroom, an accredited online Continuing Education provider offering CRE focused courses you can take on demand. Earn the credit you need with engaging, thoughtfully designed courses for commercial real estate brokers, appraisers, lenders, architects, and lawyers from a news source you already know and trust. Courses available now Explore courses Continuing Education Architect Courses We work with the industry's leading subject matter experts to create quality architect CEU courses from the ground up. Continuing Education Attorney Courses We provide quality CLE that is both easy and convenient to complete, backed with the best customer experience possible. Continuing Education Broker Courses Whether you’re starting a new career or skilling up, we have certified online courses for Real Estate Agents and Brokers. Connect CRE & Industry Events Load MoreMore Events Companies achieve great success when aligned around a common goal and brand story. The experts integrated into our team at Connect Creative span every marketing and communications discipline and channel, encompassing skilled graphic designers, public relations leaders, copy writers, content producers, digital wizards, and website developers. A collaborative approach brings out your company’s stories that are shaped and crafted with the perfect visual, the right words and in the most dynamic way. Connect with Creative Latest Downtown New York Stories Bubble Skincare Inks First Office in Hudson Square New York & Tri-State + Downtown New York + Office | October 2, 2023 Bubble Skincare, a viral beauty brand, is opening its first office in Hudson Square at 60 Charlton Street, a newly developed boutique office building. Bubble Skincare, founded by Shai Eisenman in 2020, is known for its science-based approach to affordable skincare and is available in thousands of retail locations across the United States. The … 40 Exchange Place Renews Three Leases New York & Tri-State + Downtown New York + Office | September 29, 2023 GFP Real Estate has secured three lease renewals totaling 12,385 square feet at 40 Exchange Place in Manhattan’s Financial District. Mobilo, a tech firm specializing in smart business cards, signed a short-term lease for 6,000 square feet on the 13th floor. Creative branding agency Loyalkaspar extended its lease for 5,725 square feet on the 15th … Latest Fairfield/Westchester Stories Eastern Union Closes $20M Loan for Bridgeport MF Property New York & Tri-State + Fairfield/Westchester + Apartments | September 27, 2023 Eastern Union has secured a $19.6 million construction loan for the conversion of a former healthcare complex into a multifamily property at 600 Bond Street in Bridgeport, CT. The names of the borrower and lender were not disclosed. The 131,075-square-foot facility, built in 1971, will undergo extensive renovations to become a 150-unit, two-story apartment building … Marx Realty Sells Greenwich Mixed-Use Asset for $5M New York & Tri-State + Fairfield/Westchester + Apartments | September 18, 2023 Marx Realty has sold 1381 East Putnam Avenue, a mixed-use building in Greenwich, CT., for $5.1 million. The buyer is a private investor based in Stamford, CT. The boutique Class A mixed-use retail and multifamily asset, was constructed in 2016, the building features four luxury apartments and two ground-floor retail suites. It boasts full … Connect TeamKasi OrcuttDirector, Connect ClassroomPaul BubnySenior Content DirectorEmily LettieriVice PresidentView AllOur ValuesWe understand that we have different backgrounds, ethnicities, experiences, and geographies, and these differences are what make us unique and bring a variety of perspectives that will shine through.Minority SplitGender SplitLearn More Latest Long Island Stories iBorrow Provides $5M for Medford Industrial Facility New York & Tri-State + Long Island + Finance | September 22, 2023 iBorrow, a nationwide private direct lender for commercial real estate, has closed a $5.14 million loan to finance the acquisition of a 41,000-square-foot industrial facility in Medford, New York. “Investors, sellers and others cannot simply put their commercial real estate transactions on hold while banks remain on the sidelines,” said Brian Good, CEO of … Long Island Industrial Landscape Remains Resilient in Q2 New York & Tri-State + Long Island + Industrial | August 29, 2023 The latest Long Island Construction Report from Cushman & Wakefield reveals a flourishing development pipeline in the region’s industrial market, reflecting the continued bullish sentiment among developers. The neighborhood has a current construction of a record-breaking 1.9 million square feet of projects, scheduled for completion by mid-2024. In addition, this year has witnessed the successful completion of … Latest Midtown New York Stories Former Avalon Hotel in NoMad Markets for Sale New York & Tri-State + Midtown New York + Finance | October 2, 2023 The former Avalon Hotel in NoMad is listed for sale. The property, located at 16 East 32nd Street between Fifth and Madison Avenues, offers a blank slate for investors, as it will be delivered vacant with no management or flag. The property stands 12 stories tall, with 100 keys and 71,250 gross square feet. … Fintech Relocates to Flatiron With 66K-SF Lease New York & Tri-State + Midtown New York + Office | October 2, 2023 Williams Equities has finalized a long-term, 66,000-square-foot relocation and expansion deal with Ramp, a finance automation platform. Ramp has moved from Union Square to Flatiron to accommodate its growth and will now occupy the entire second floor at 28 & 40 West 23rd Street. The two-building mixed-use property is located in the heart of … Latest New Jersey Stories 40K-SF Hillsborough Industrial Facility Sold for $8M New York & Tri-State + New Jersey + Industrial | September 29, 2023 SL Industrial Partners, an affiliate of The Silverman Group has acquired a 40,700-square-foot industrial property at 139 Stryker Lane in Hillsborough, New Jersey, from RC Fine Foods, with a final sale price of $8.3 million. The property is fully leased by RC Fine Foods, located on a six-acre site, featuring 30-foot clear heights, dock-high … NJ Retail Shopping Complex Lists for $86M New York & Tri-State + New Jersey + Retail | September 25, 2023 Real estate investment and development firm Black Lion has listed a retail shopping complex in New Jersey for $86 million. The listing is held by Danielle Brunelli and Marion Brunelli with R.J. Brunelli & Co. Located at 10-50 International Drive, S. Flanders, New Jersey the completely renovated 29-storefront plaza is anchored by several retailers including Lowes, Michael’s, … Latest New York Stories NY Rent Law Challenge Rejected by Supreme Court New York & Tri-State + New York + Apartments | October 2, 2023 The U.S. Supreme Court has declined to hear a legal challenge to New York’s Rent Stabilization Law filed by the Community Housing Improvement Program (CHIP), first reported by Bloomberg. CHIP’s case aimed to dismantle the state’s tenant protections. While this decision halts CHIP’s legal challenge, the group plans to lobby for changes to the law in … Alpaca Launches Private Equity RE Platform New York & Tri-State + New York + Finance | September 29, 2023 Alternative investments management firm Alpaca has introduced Alpaca Real Estate (ARE), led by co-founders Daniel Carr and Peter Weiss. The platform’s inaugural real estate offering is supported by capital from GCM Grosvenor, representing multiple investors. ARE plans to leverage its industry expertise and strategic relationships to identify opportunities in the real estate market, particularly … Latest Outer Stories Ariel Property Arranges $20M BK Properties Financing New York & Tri-State + Outer + Finance | October 2, 2023 The Capital Services Group for Ariel Property Advisors facilitated five loans totaling over $20 million to fund the construction, acquisition, and refinancing of Brooklyn properties. The deals include a $10 million construction loan for a Boerum Hill condo property, a $4.5 million condo inventory loan for a Prospect Heights building, a $2.8 million loan … The Doe Fund to Build Transitional Housing Residence in Brooklyn New York & Tri-State + Outer + Apartments | September 28, 2023 The Doe Fund is breaking ground on a new transitional housing residence at 510 Gates Avenue in Brooklyn. Situated next to The Doe Fund’s first transitional residence, which opened in 1990, 510 Gates Avenue has a storied history with the organization, including previous attempts to purchase it in 2007, finally succeeding in May 2020. Funding … Latest Tri-State Stories North Jersey Emerges as Northeast’s Most Competitive Rental Market New York & Tri-State + Tri-State + Apartments | September 22, 2023 Manhattan has rejoined the top competitive markets for the first time since the pandemic, while Brooklyn continues to have a strong presence in the rankings. At the same time, North Jersey has emerged as the most competitive market in the Northeast, ranking 3rd nationwide, according to the latest Competitivity Report from RentCafe. North Jersey, spanning areas like … New Haven Apartment Portfolio Sold for $7M New York & Tri-State + Tri-State + Apartments | September 7, 2023 Marcus & Millichap has announced the sale of a 44-unit apartment portfolio in New Haven, Connecticut, comprising properties at 91, 95, and 97 Howe Street. The portfolio was sold for $6.61 million. Wes Klockner, Eric Pentore, and Ross Friedel, investment specialists in Marcus & Millichap’s New Haven office, had the exclusive listing to market … Latest Uptown/Bronx Stories Giorgio Armani Residences Launches Sales New York & Tri-State + Uptown/Bronx + Apartments | October 2, 2023 SL Green Realty Corp., in partnership with Giorgio Armani, has commenced sales at 760 Madison Avenue, The Giorgio Armani Residences in the Upper East Side. This new development features ten residential apartments personally designed by Giorgio Armani, marking his first-ever residential interior design project in Manhattan. The residences are expected to be complete in … New Bronx Exhibit on City’s Subway System New York & Tri-State + Uptown/Bronx + Retail | September 28, 2023 Simone Development Companies is proud to present “First Stop Last Stop: The Bronx,” an exhibition by photographer Rita Nannini at The Gallery of ARTFul Medicine, located in the Hutchinson Metro Center’s Tower One in the Bronx. Open to the public from October 9, 2023, to January 5, 2024, on weekdays from 8 a.m. to 6 … Latest Stories FromWNC Pulls in $350M for Two Affordable Housing FundsAlternative Assets | October 2, 2023WNC, an investor in affordable housing, has closed two institutional low-income housing tax credit (LIHTC) funds with roughly $350 million in equity. WNC Institutional Tax Credit Fund 55, L.P. (Corp 55) raised $220 million, while WNC Institutional Tax Credit Fund 10 California Series 20 L.P. (CA 20) raised $130 million. WNC has raised over $17.2 ...Alpaca Debuts Private Equity Real Estate PlatformAlternative Assets | October 2, 2023Alternative investments manager Alpaca launched a private equity real estate platform – Alpaca Real Estate (ARE) – to capitalize on current market dislocations and generate incremental alpha for its investors. ARE comes out of the gate with an undisclosed amount of dry powder provided by GCM Grosvenor on behalf of several investors. The platform is ...RBC Wealth Poaches $1B UBS Advisor TeamFinancial Advisory | October 2, 2023RBC Wealth Management, a subsidiary of the Royal Bank of Canada, continues to poach advisory teams from rival UBS Group with the addition of a $1 billion team in Kansas. The group, called Total Wealth Management, includes managing director Patrick McCarthy; SVPs John Brown and Eric Taylor; VP Scott Jones; AVPs Penny McKinney and LaGina ...Wells Fargo Unloads $2B of Private Equity InvestmentsAlternative Assets | October 2, 2023Wells Fargo & Company sold approximately $2 billion of private equity investments in certain Norwest Equity Partners and Norwest Mezzanine Partners funds to a group of investors including AlpInvest Partners (a subsidiary of Carlyle), Atalaya Capital Management, Lexington Partners, and Pantheon, as part of its efforts to focus on its core operations. “With this transaction, ...
