Brooklyn
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
B6 Lists 80% Free-Market Brooklyn Portfolio
B6 Real Estate Advisors is marketing the BKL9N Portfolio, which includes nine walk-up residential buildings across the Bed-Stuyvesant and Crown Heights neighborhoods… Read more
Charter School Network Expands to Moinian’s Brooklyn Project
The Moinian Group and Bushburg Properties leased a total of 45,000 square feet to Friends of Ascend Charter Schools to serve as… Read more
Brooklyn’s Lenox Apartments Land $35M Refi
Greystone provided a $34,500,000 bridge loan to refinance Lenox Apartments, a 55-unit mixed-use property in Brooklyn’s Prospect Lefferts Garden neighborhood. The… Read more
Report: Shared Space Accounted for One-Third of Office Leases in Last 18 Months
Driven by the gig economy, booming tech employments and corporations seeking lease flexibility, shared space is on the rise. A… Read more
Two Trees’ Domino MXU Opens First Offices
Ten Grand, the first commercial building at Two Trees Management’s Domino Sugar Factory site in Brooklyn, is now available for… Read more
E-Commerce Turbocharges NYC Industrial Sales
Although New York City’s investment sales market continues to slow overall, industrial is riding high. Year-to-date volume in the sector… Read more
Co-Living’s The Collective Hires U.S. Development Head
Global co-living company The Collective named Simon Koster as head of U.S. development, based in New York. In this newly… Read more
Leasing Specialist Novak Joins CushWake Team in Brooklyn
Rich Novak joined Cushman & Wakefield as a director, based in Brooklyn. His core focus will be office and industrial leasing, specializing… Read more
Brooklyn’s Chocolate Factory Lofts Sell to Fairstead
Fairstead and Meadow Partners acquired The Chocolate Factory Lofts, a 125-unit converted factory at 275 Park Ave. in Brooklyn’s Clinton… Read more
Dental Startup Expands to Brooklyn via Thor Equities
Thor Equities leased a portion of 180 Bedford in Williamsburg to Tend Dental. The dentistry startup, which recently opened in… Read more
Old Bridge Offices See Leasing Success Under New Owners
In less than seven months under new ownership, the 132,000-square-foot 100 Matawan Rd. in Old Bridge, NJ has seen more… Read more
Hudson Yards is Now NYC’s Priciest Neighborhood
Manhattan has a new front-runner when it comes to pricing on for-sale housing, says PropertyShark. It’s Hudson Yards, where the… Read more
Gotham, Brooklyn Music School Partner on Brooklyn Apts.
Brooklyn Music School (BMS) and the Gotham Organization plan to build a new, 20,000-square-foot facility for BMS adjacent to its… Read more
Arch Takes Over Stalled Williamsburg Resi Project
Arch Companies acquired 550 Metropolitan Ave., the site of a future six-story residential building with ground floor retail in Brooklyn’s… Read more
NorthMarq Secures $52M Refi on Downtown BK Apartments
Robert Delitsky, managing director of NorthMarq’s New York City office, arranged a $51.85-million refinance of the BRiQ, a Class A, 21-story, 110-unit… Read more
Rikers Closure Plan Clears City Council
The de Blasio administration’s $9-billion plan to close the Rikers Island prison facility and build four new jails to replace… Read more