Brooklyn
Eastern Union Unveils Free App to Underwrite Deals Remotely
With COVID-19 rewriting the rules on transacting business, Eastern Union has rolled out a free app to help buyers, lenders… Read more
Public Storage Snags Portfolio in NYC, Boston Metros
JLL Capital Markets closed the sale of a portfolio of three Class A self-storage properties totaling 3,596 units in the greater New York City… Read more
NY State is Scouting Sites in NYC, Suburbs for Temporary Hospitals
New York Gov. Andrew M. Cuomo said the state is scouting additional new sites for temporary hospitals, with a goal… Read more
Rockport Mortgage Provides Refi on Crown Heights Affordable
Rockport Mortgage Corporation recently closed on an FHA Section 223(f) refinancing loan of $38.6 million for Union Street Houses in Brooklyn’s… Read more
Coffee Chain, Cocktail Lounge Team for Shared Location
New York City coffee chain Hungry Ghost Coffee and Brooklyn cocktail lounge Sweet Polly signed a 2,000-square-foot lease to open a shared location at RXR… Read more
City Issues RFP for Seniors Housing in Brooklyn, Bronx
The New York City Department of Housing Preservation and Development (HPD) issued a Request for Proposals for plans to develop… Read more
$75M Loan for The Collective’s Williamsburg Build
Co-living company The Collective secured $75 million in construction financing for its latest co-living development, 292 N. 8th St. in central Williamsburg, Brooklyn. Terms of the… Read more
CushWake Hired to Lease Up Ridgewood’s Bohack Square
Cushman & Wakefield was recently tapped to market for lease the office and retail components of Bohack Square, a completely-redeveloped… Read more
Spec Office in Bay Ridge Lands Construction Debt
Meridian Capital Group has secured $11.8 million in construction financing for a commercial development in the Bay Ridge section of… Read more
Apartments Up for Sale in “Active” Bed-Stuy Market
Ariel Property Advisors has been retained to sell 862 Dekalb Ave., a 31-unit, mixed-use rental property in Brooklyn’s Bedford-Stuyvesant neighborhood… Read more
City Council Proposes Replacing BQE with a Tunnel
Ahead of a City Council transportation committee hearing Tuesday, the New York City Council released a report from engineering firm… Read more
Admares Makes North American Debut with Bushwick Modular
Finland-based Admares recently launched its first North American development, a commercial building at 58 Grattan St. in Brooklyn’s Bushwick neighborhood. The… Read more
RXR’s New Rochelle Apartments Land $131M Loan
Capital One served as the lead bank for a $131.2-million construction loan for the ground-up development of 26 South Division, a 28-story,… Read more
Building Code and Zoning Veterans Launch New Shop
MBE Code & Zoning LLC has formally hung out its shingle. In operation since late 2019, MBE provides building code,… Read more
Owners of Red Hook Commercial Lofts Seek $60M in Sale
JLL Capital Markets was retained to sell 160 Van Brunt St., a 119,000-square-foot commercial loft building in Brooklyn’s Red Hook… Read more
Seattle a ‘Must Have’ on Institutional Investors’ Shopping Lists
National investment sales volume across all property types totaled $570.6 billion in 2019, a drop of 1.6% year-over-year, according to… Read more
Urban Edge Pays $165M for Midwood Mixed-Use Assets
Urban Edge Properties is acquiring Kingswood Center and Kingswood Crossing, a pair of mixed-use buildings along Kings Highway in Brooklyn’s Midwood neighborhood,… Read more
NYCHA Strikes Privatization Deal on Nearly 6,000 Apartments
Development partners including L + M, the Hudson Companies and Douglaston Development have been selected to take over the management… Read more
Ariel Tapped to Market Eastern Parkway Portfolio
Ariel Property Advisors is marketing the Eastern Parkway Portfolio, a package of five walk-up buildings in the Ocean Hill/Crown Heights… Read more