New York & Tri-State

Brookfield is in exclusive talks to acquire a stake in Hudson Square Properties in a deal that would value the complex at $3.5 billion, the Wall Street Journal reported. The asset management giant would own 10% of the 13-building, 6.2 million-square-foot portfolio, and would take over as its long-term operating partner. The Hudson Square office …

Glasshouse has signed a long-term lease for 66,436 square feet at 3 World Trade Center. The 30-year agreement for a portion of the ground floor and the entirety of the second and third floors brings the event, hospitality and experiential venue operator to the World Trade Center campus for its fourth Manhattan location. CBRE’s Chris …

A CBRE team led by Jeffrey Dunne, Eric Apfel, Stuart MacKenzie, Travis Langer, and Eric Greenberg closed the sale of Stamford Urby, a 641-unit Class A multifamily community in downtown Stamford, CT, for $221,000,000. CBRE exclusively represented the seller. The buyer is Pantzer, a fully integrated owner/operator of multifamily assets along the Eastern region of …

Kennedy Wilson has partnered with Kenedix, Inc. and Hulic Co., Ltd. to acquire Carraway, a 421-unit multifamily community in West Harrison, NY, for $237 million. The property has experienced strong leasing momentum, with rents increasing more than 5% over the past year, while remaining affordable relative to New York City housing alternatives. Completed in 2021 …

Lee & Associates NYC has completed the $7.5-million acquisition of a 2.84-acre development site at 374 Atlantic Ave. in Oceanside, NY on behalf of Sunrise Senior Living, concluding a transaction that spanned nearly nine years. Kelly Koukou, executive managing director and principal at Lee NYC, represented Sunrise Senior Living. Marlon Matza of Strategic Realty Advisors represented the sellers, Grossman Nurseries and Breslin …

JLL Capital Markets has arranged a $75-million development facility for Rechler Business District, a master-planned industrial business park in Medford, NY, within Long Island’s Suffolk County. Senior managing director Peter Rotchford and managing director Tyler Peck worked on behalf of Rechler Equity Partners to secure the financing through AllianceBernstein L.P. Rechler Business District encompasses a …

Aspen Hospitality, a division of Aspen One, said it will build the first and only hotel in Rockefeller Center as part of its launch of Nell Hotels, a new luxury brand. The Nell New York is set to open in fall 2027 and will be New York City’s only Relais & Chateaux property,  Representing an investment of more than …

JLL’s Capital Markets arranged a $352-million refinancing for 425 Lexington Ave., a 31-story, 750,000-square-foot Class A office tower in Midtown Manhattan. Senior managing directors Christopher Peck and Drew Isaacson and directors Christopher Pratt and Jennifer Zelko worked on behalf of Vanbarton Group, LLC, to secure the floating rate, single-asset single-borrower refinancing through Goldman Sachs, which was pre-placed …

Rockpoint, a Boston-based real estate private equity firm, and Urby, a hospitality-driven multifamily developer, formed a joint venture to acquire land and develop a multifamily residential tower on the Jersey City waterfront. Urby will co-manage construction and development, and also oversee property management and leasing alongside Rockhill, Rockpoint’s property services affiliate. The 69-story building, to …

CoreWeave has signed a 31,000-square-foot, long-term expansion of its office space at Eastman Companies’ The Eisenhower at 290 W. Mount Pleasant Ave. in Livingston, NJ, less than a year after its initial 31,000-square-foot lease. The rapidly growing artificial intelligence (AI) company houses its corporate headquarters at the site. The CBRE team of Jon Meisel, Erin …

New York Gov. Kathy Hochul on Tuesday signed an executive order to create the nation’s first state-level moratorium on new hyperscale data centers. The order temporarily pauses state environmental permits for up to one year in order to build a regulatory framework that protects ratepayers, the environment, the energy grid and communities, Hochul’s office said. …

New York State remains one of the nation’s largest economic engines, but growth increasingly is concentrated downstate and in a few upstate urbanized employment centers, the Citizens Budget Commission (CBC) reported Monday. Outside the opportunity corridor, encompassing the New York City metro area and the Capital Region, and a handful of upstate cities, many communities …

Construction has begun at 51-02 Roosevelt Ave., a 19-story condominium rising at the border of Sunnyside. The development is led by Hiwin Group USA, whose previous work includes 300 W. 30th St. in Chelsea, a 16-story, 69-residence condo project that sold out in nine months. Scheduled for delivery in 2029, 51-02 Roosevelt Ave. represents a …

United American Land, together with partners The Jackson Group and Dreamscape Retail & Entertainment, has unveiled plans for BKX, a redevelopment of the former Macy’s building at 422 Fulton St. in Brooklyn into one of New York City’s largest and most ambitious retail developments. Spanning approximately 440,000 square feet across five levels, BKX will represent …

The New York Tri-State region saw film spending increase 21% year-over-year in 2025, with prominent production companies anchoring new large-scale developments and positioning the area for sustained growth, CBRE said in its 2026 Tri-State Film & Television report “The region is emerging as a clear leader with a new wave of major studio investment 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 …

SCALE Lending, the debt financing arm of Slate Property Group, has issued a $45-million senior-secured construction loan for a new multifamily project located at 264-272 W. 135th St. in Harlem. The sponsor, Mass Development, will use loan proceeds for the ground up development of an 11-story residential condominium building. The floating rate loan runs for 30 months with …

Net lease real estate advisory and investment platform SURMOUNT has completed a $13-million sale of a Chase Bank branch located at 1295 Madison Ave. in the Carnegie Hill neighborhood of Manhattan’s Upper East Side. The firm represented both buyer and seller. The 3,000-square-foot ground-floor bank branch traded at a 4.74% cap rate, or $4,300 per …