Brooklyn
Brooklyn Office Market Has Big Fourth Quarter
Brooklyn office leasing activity saw a 91% quarterly increase with 404,000 square feet in the fourth quarter of 2022, a… Read more
NYC HPD Selects Development Proposal for Bed-Stuy Affordable Complex
The New York City Department of Housing Preservation and Development (HPD) selected “The Steps at Saratoga” proposal from RiseBoro, IMPACCT… Read more
FirstService Residential Tapped to Manage Clinton Hill High-Rise
FirstService Residential has been appointed manager for The Axel, a high-end rental tower in Brooklyn’s Clinton Hill neighborhood. The appointment… Read more
Thor Equities-Led Group Affirms Plan for Coney Island Casino Bid
Thor Equities, Saratoga Casino Holdings, The Chickasaw Nation and Legends jointly announced on Monday their plans to respond to New… Read more
Construction Loan Closes for Brownsville Affordable Development
Slate Property Group, an owner, operator and developer of residential and commercial real estate in the New York metropolitan area,… Read more
CW Realty Secures $115M Financing on North Williamsburg Mixed-Use
CW Realty has secured $115 million of new financing on the Kent House, a mixed-use property in Brooklyn’s North Williamsburg.… Read more
New York Foundation for the Arts Relocates Offices to Midtown Manhattan
The New York Foundation for the Arts signed a 10-year deal to relocate from 20 Jay St. in Brooklyn’s Dumbo… Read more
Rosewood Realty Finalizes East Williamsburg Multifamily Sale
Rosewood Realty Group closed the sale of a five-unit residential building in Brooklyn’s East Williamsburg neighborhood for $2.2 million. The 4,125-square-foot… Read more
ERG Delivers Cash-Out Refi of Bushwick Retail
ERG Commercial Real Estate, a Long Island based commercial real estate firm, delivered a $5-million cash-out refinance loan to the… Read more
Lendlease JV Secures $360M Construction Loan for Brooklyn High-Rise
Global real estate and investment management group Lendlease and joint venture partner Aware Super, one of Australia’s largest superannuation funds,… Read more
Quay Tower Developers List Penthouse Collection as Brooklyn Condo Project’s Sales Pass $98M
RAL Companies and Oliver’s Realty Group have closed more than $98 million in sales year to date at Quay Tower… Read more
Brookfield, Park Tower Group Complete Fourth Project at Greenpoint Landing
A partnership of Brookfield Properties and Park Tower Group has completed a 745-unit luxury residential complex, Eagle + West. The… Read more
Startup Accelerator for BIPOC Founders Coming to Industry City
Industry City, the 16-building, 35-acre innovation campus on the Brooklyn waterfront, will be the future home of BK-XL, the largest… Read more
Brooklyn’s Sunset Yards Signs Charter School, Other Tenants
Sunset Yards, located at 341 39th St. in Sunset Park, Brooklyn and owned by New Gables Capital, has experienced approximately… Read more
NYU Acquires 3 Metrotech as Part of $1B Engineering School Plan
New York University has purchased 3 MetroTech Center, a 350,000-square-foot building adjacent to NYU’s Tandon School of Engineering, from JPMorgan… Read more
Northmarq Arranges $77M in Refis for Properties in Brooklyn, Long Island
Ernest DesRochers, Charles Cotsalas and Robert Delitsky of Northmarq’s New York and Long Island debt/equity team arranged $77 million in… Read more
Brooklyn Brewery Will Anchor New Industrial Development in Williamsburg
Brooklyn Brewery plans to remain in Williamsburg, relocating four blocks away from the company’s current location on North 11th Street… Read more
Walker & Dunlop Secures $204M for Brooklyn’s The Axel Multifamily
Walker & Dunlop, Inc. has secured $204 million in loan proceeds from MF1 Capital to refinance The Axel, a 29-story… Read more
Naftali Partnership Closes on $385M Financing for Three-Building Brooklyn Project
(Updated with additional information) Naftali Group and Access Industries have closed on a $385-million construction financing package for a Williamsburg… Read more