Brooklyn
Brooklyn Hospital Plans Sell-Off to Fund Redevelopment
Amid financial pressure and increasing capital needs, the Brooklyn Hospital Center wants to redevelop its downtown Brooklyn campus and sell… Read more
Fairstead Completes Financing on 905 Affordable Units
Fairstead has completed the financing of a 905-unit portfolio of subsidized housing across nine properties totaling 49 buildings in New… Read more
Brooklyn Factory Turned Condo Lands $64M Refi
JLL Capital Markets arranged a $63.6-million loan to refinance The Umbrella Factory at 722 Metropolitan Ave., a mixed-use condominium and… Read more
$50M from S3 Finances Clinton Hill Residential
S3 Capital Partners provided a $50-million loan to the Loketch Group and Meral Property Group for the renovation of 10… Read more
ABS Arranges 12-Asset Sale-Leaseback for Pay-O-Matic
ABS Partners Real Estate completed the $25.3-million sale-leaseback of 12 Pay-O-Matic (POM) locations located in Manhattan, Brooklyn, Queens and the… Read more
L+M Secures Financing for $179M Affordable in Brownsville
L+M Development Partners closed on financing for the $179-million construction of three new buildings as part of the Marcus Garvey Extension… Read more
Kith to Anchor 25 Kent; Joins Apparel Firms Moving to Brooklyn
A newly-opened speculative office and industrial property on the Williamsburg waterfront that was once touted as a location for Amazon’s… Read more
Ariel Markets Midwood Apartments with 421-a Exemptions
Ariel Property Advisors has been hired to sell 2151 Ocean Ave. and 2155 Ocean Ave., a package of two seven-story… Read more
O-Zone Parcel Trades in Bushwick
Ariel Property Advisors facilitated the sale of 99-103 Grove St., a 75’ x 100’ wide development site in Brooklyn’s Bushwick… Read more
Eastern Union Launches Pooled Loan Division
Brooklyn-based Eastern Union has launched a pooled loan division that will deliver below-market interest rates for borrowers. Borrowers will receive… Read more
Gotham Greens Opens 100K-SF Greenhouse in Providence
Fresh produce and food company Gotham Greens has opened a 100,000-square-foot, modern greenhouse along the Woonasquatucket River in Providence, RI.… Read more
JBA Sources Loan for Clinton Hill Condos
JBA Equities placed a $38.5-million condominium inventory loan for 475 Washington Avenue, a 60-unit, six-story building in Brooklyn’s Clinton Hill neighborhood. The… Read more
NYC Apt. Landlords Cut Back on Rent Discounts
As asking rents reach new highs, New York City’s apartment landlords know that would-be homebuyers are waiting for prices to… Read more
Hudson Companies Signs TAMI Tenant in East Williamsburg
The Hudson Companies recently arranged a 3,600-square-foot, five-year lease with digital branding agency Moving Image & Content (MI&C) at The Breeze, a newly-renovated,… Read more
Retailer Everlane to Open Location in Boston’s Seaport
Direct-to-consumer retailer Everlane has announced plans to open a location in Boston’s Seaport District in Spring 2020. The retailer currently… Read more
Creative Tenants Land at Brooklyn’s Box Factory
ABS Partners Real Estate arranged back-to-back leases at the Box Factory in Brooklyn. Pirate Studios, a music rehearsal space provider,… Read more
Federal Realty Pays $84M for Brooklyn Retail
Federal Realty Investment Trust (FRT) acquired Georgetowne Shopping Center, a 147,000-square-foot grocery-anchored neighborhood shopping center in Brooklyn, for $83.7 million cash. Published… Read more
NYCEDC Unveils Design for Garment Hub at Bush Terminal
New York City Economic Development Corporation (NYCEDC) on Thursday released the designs for the Garment Manufacturing Hub and public space… Read more
Greystone Closes on Refi of Williamsburg Rentals
Greystone closed on a $50-million bridge loan to an affiliate of Hudson Companies to refinance House No. 94, a newly-built,… Read more