Brooklyn
Downtown BK Hotel Sells for $35M
Northgate Real Estate Group has announced the sale of 291 Livingston Street, a mid-construction hotel in downtown Brooklyn, to Midas… Read more
PMG Delivers 318-Unit Wynwood Project with Co-Living Options
PMG and private equity firm Greybrook have delivered Society Wynwood, a 318-unit residential community with several furnished “Rent-By-Bedroom” (co-living) options.… Read more
Adafruit Industries Inks 41K-SF at Industry City
Adafruit Industries, a 100 percent woman-owned tech manufacturing company, is moving to Industry City, a 35-acre mixed-use complex in Sunset… Read more
Interra Realty Brokers Sale of South Side Multifamily Portfolio
Interra Realty brokered the sale of a three-building, 114-unit multifamily portfolio on the city’s South Side for $9.3 million, or… Read more
Affinius Arranges $160M Refi for Downtown BK MF
Affinius Capital LLC has closed a $160 million loan to refinance 101 Fleet Place, a 21-story multifamily building in downtown… Read more
NYC-Based 3PL Provider Opens First West Coast Facility
Ship Essential, a Brooklyn-based third-party fulfillment company, has opened its first Southern California location in Downtown Los Angeles. The new… Read more
New York/Tri-State People and Company News, week of May 31, 2024
Unispace Life Sciences announced the appointment of Daniel Maldonado as managing director, Americas. Maldonado has three decades of international construction… Read more
First Citizens Bank Provides $74M for BK MF Building
First Citizens Bank announced its Commercial Real Estate division provided a $74 million senior secured loan to Lonicera Partners for… Read more
RFR, Kushner Secure Extension for $480M Dumbo Heights Loan
RFR and Kushner Companies have secured a 4-year extension on the $480 million loan for Dumbo Heights, a 750,000-square-foot mixed-use… Read more
Declining DSCRs Mean Potential Distress in Many Office Markets
Although the much-anticipated wave of office distress has yet to materialize, new research fromYardi Matrix shows that many markets are… Read more
Walker & Dunlop Arranges $110M Construction Loan for BK MF
Walker & Dunlop has arranged a $110 million loan for 880 Atlantic Avenue, a 246-unit Class-A multifamily development in Prospect… Read more
Stuf Storage Opens Two New Locations in BK
Stuf, a self-storage solution, has opened two new locations in Brooklyn at 485 Clermont Ave and 550 5th Ave. These… Read more
School of Rock Inks Space at 300 Huntington in BK
Monadnock Development has signed a 3,000-square-foot lease with School of Rock at 300 Huntington, a commercial mixed-use development in Gowanus/Carroll Gardens. School… Read more
NYC to Redevelop 122-Acre BK Coastline to Maritime Port
New York City is revitalizing a 122-acre Brooklyn waterfront stretch into a mixed-use community and modern maritime port. Mayor Eric… Read more
Stellar Management to Build and Preserve 300 Affordable Apts in Park Slope
The New York City Council has approved the rezoning of 341 10th Street in Park Slope, Brooklyn, for a mixed-use… Read more
JPMorgan Provides $430M Loan for BK’s Tower 77
Clipper Equity has closed a $430 million loan for Tower 77, its three-tower multifamily property on the Greenpoint waterfront in… Read more
BK RE Leaders Launch Platform to Build 10K Units in Five Years
Ofer Cohen, Tucker Reed, and Vivian Liao have launched Ailanthus, a housing creation platform dedicated to building 10,000 new units… Read more