Brooklyn
Partial Interest in Brooklyn Affordable Portfolio Sells for $9M
Community Preservation Corporation, The Community Development Trust, Monadnock Development, Red Stone Equity Partners, and the Black Developers Network Triboro have… Read more
TATTER Textile Library Signs 20-Year Retail Lease in Fort Greene
The Tatter Blue Archives Institute (TATTER) has signed a 20-year ground-floor retail lease agreement with Brooklyn Academy of Music (BAM)… Read more
Lonicera Partners and Rabina Land $128M for Brooklyn Multi-Housing Development
A joint venture between Lonicera Partners and Rabina has secured a $128 million loan from Santander Bank and City National… Read more
Brooklyn Mixed-Use Development Secures $500M Capitalization
A joint venture between Property Markets Group (PMG) and Carlyle has landed a $335 million construction loan and $165 million… Read more
CAVU Property Group Buys Brooklyn Development Site for $13M
CAVU Property Group has acquired a corner development site at 2251 Nostrand Avenue in Brooklyn for $12.8 million. The property,… Read more
JLL Closes $80M Land Recapitalization, Equity Capitalization for Brooklyn Mixed-Use Development
JLL Capital Markets has closed an $80 million land recapitalization and arranged equity capitalization for the development of a mixed-use… Read more
Douglaston Development Buys BK Development from BEB for $66M
Douglaston Development has acquired a 474,000-square-foot mixed-income housing development site in Bedford-Stuyvesant, Brooklyn, from BEB Capital for $66 million. The… Read more
Douglaston Development Acquires BK Site for Mixed-Income Development
Douglaston Development has announced the acquisition of a 46,000-square-foot development site at 1057 Atlantic Avenue and the closing of financing… Read more
Coney Island Sea Park Affordable Housing Portfolio Sold for $150M
Arker Companies has sold the Sea Park affordable housing portfolio in Coney Island, Brooklyn for $150 million to a group… Read more
NYC’s Largest Geothermal Project Tops Out
LCOR has announced the topping out of 1515 Surf Avenue, a residential property in Coney Island, Brooklyn. The building… Read more
Apartment Rents Reach New Highs in Three NYC Boroughs
Median apartment rents in Manhattan, Brooklyn and northwest Queens have reached new highs, appraisal firm Miller Samuel reported. In the… Read more
LuxUrban Hotels Signs MLA to Operate Hotel 57 in Midtown
LuxUrban Hotels has signed a 25-year Master Lease Agreement, including two five-year options, to operate Hotel 57 in midtown Manhattan.… Read more
West Elm, Kohler, and Hilti Ink Industry City Retail Lease
Industry City, the mixed-use complex in Brooklyn, has signed lease agreements with West Elm, Kohler, and Hilti to occupy 37,106… Read more
Nuveen Buys Omni Holding Company’s Real Estate Portfolio
Nuveen, the asset management arm of TIAA, is acquiring a portfolio of affordable housing assets from Omni Holding Company. The… Read more
Bunkhouse’s Houston Hotel to be Its Tenth
Bunkhouse has started work on a Houston hotel, adjacent to the Menil Collection, a Downtown Houston art museum. Called Hotel… Read more
Affinius Capital Provides $110M in Construction Financing for Brooklyn Multifamily Project
Gindi Capital and Avery Hall have secured $110 million in construction financing from Affinius Capital to develop a 13-story, 193-unit… Read more
Aanika Biosciences Expands Footprint at Industry City
Aanika Biosciences, a biotech firm focused on the global food chain, is expanding its footprint from 2,500 to more than… Read more
Brooklyn Racks Over $1B Commercial Sales in First Quarter
TerraCRG, a commercial real estate brokerage firm in Brooklyn, has released its Q1 2023 Brooklyn Market Report, which analyzes the… Read more
The Brodsky Organization Secures $150M for Brooklyn Multifamily Rental Building
The Brodsky Organization has secured a $155 million construction loan for a residential, mixed-use development in Gowanus, Brooklyn. M&T Bank… Read more