Brooklyn
Partnership Acquires Gowanus Apartments for $69M
JLL Capital Markets arranged the $68.5-million sale and $44.525-million financing for 237 11th St., a 12-story Class A mixed-use multifamily… Read more
Haussmann Secures $50M Refi on Newly Built BK Multifamily
Haussmann Development has secured a $49.5-million refinancing loan for the Arris Grand, a mixed-use development located at 445 Grand Ave.… Read more
Steiner NYC Buys Out JPMorgan on Brooklyn Rental Tower
Steiner NYC has recapitalized Hub, a Brooklyn rental tower, for $420 million. The recap enables Steiner, which developed the 55-story… Read more
Chef Eyal Shani Will Bring Restaurant Concept to Williamsburg Wharf
Naftali Group and Access Industries have signed an agreement with chef Eyal Shani and Good People Group to introduce a new… Read more
Silverstein to Complete 80K-SF Life Time Facility at Brooklyn Tower
Life Time and Silverstein Properties announced an agreement Tuesday to bring Life Time’s health and wellness experience to Brooklyn Tower… Read more
Design Studio Snøhetta Relocates NYC Headquarters to DUMBO
Two Trees Management Co. said Monday that global design studio Snøhetta, whose credits include the National 9/11 Memorial and Museum, has signed… Read more
Zenith IOS Finalizes $120M in Loan Pools for 30 Assets Nationwide
A partnership of Brooklyn-based Zenith IOS and institutional investors advised by J.P. Morgan Asset Management has closed on the second and final… Read more
Ariel Closes $18M Sale of Gowanus Development Site
Ariel Property Advisors arranged the sale of a 59,995-buildable-square-foot development site, including 6,000 square feet of air rights, at 224 3rd Ave. in the Gowanus… Read more
First Resi Project of Gowanus Rezoning Begins Move-Ins
Residential move-ins have begun at 420 Carroll, reportedly the first mixed-income development to emerge from the 2021 Gowanus Neighborhood Rezoning. The two-building… Read more
NYC Leads in Multifamily Conduit CMBS Distress
As New York City led in 2024 CMBS conduit issuance for multifamily properties, so it is also leading an increase… Read more
Boba Tea Restaurant Chain Inks Lease for Brooklyn Production Facility
Madison Capital and Salmar Properties said Xing Fu Tang, the Taiwanese multinational chain of boba tea restaurants, has signed a… Read more
502-Unit Nashville Rental Community Nearing Completion
Property Markets Group, New Valley and RMWC announced the topping off of Society Nashville, a 16-story, 502-unit mixed-use project located at 915 Division… Read more
U.S. Affordable Housing Completions Likely to Peak in 2025
U.S. affordable housing completions are likely to peak at a multi-year high of 78,377 units in 2025, 12.6% higher than… Read more
Skanska Completes Arts and Cultural Center in Fort Greene
Skanska has completed L10 Arts and Cultural Center, a 65,000-square-foot cultural center on Ashland Place in Brooklyn’s Cultural District in… Read more
Gowanus Development Site Changes Hands
Ariel Property Advisors arranged the sale of 284 4th Ave., a 33,261-square-foot residential development site located between 1st Street and… Read more
Williamsburg Apartments Trade to NorCal Investor
Pacific Urban Investors, a Palo Alto, CA-based multifamily owner-operator and investment manager, has completed its sixth acquisition in the New… Read more
NYC Apartment Property Values Projected to Rise in Fiscal 2026
The market value of New York City’s one million-plus properties is projected to rise 5.7% to $1.6 trillion in the… Read more
