Brooklyn
AI Equipment Maker Will Expand at Navy Yard
Nanotronics will expand its production center into historic Building 20 at the Brooklyn Navy Yard. The expansion, partly funded by… Read more
Hello Living Launches Investment Platform
Brooklyn-based development firm Hello Living has established an investment platform, “Hello Vision.” The Hello Vision investment platform will provide financing for ground-up and renovation development… Read more
CBRE Markets 2 Parcels in Queens, 1 in Brooklyn
CBRE has been hired to market three prime development sites in Queens and Brooklyn by owner Majestic Empire Holdings. The… Read more
Chase’s Kurt Stuart: NY Multifamily Outlook, Lending Perspective and Technology Impact
By Dennis Kaiser Connect Media recently got together with Kurt Stuart, area manager for the Northeast Region, including New York,… Read more
Bronx Leads the Boroughs in Resi Price Gains
The Bronx led the boroughs for residential price gains in the fourth quarter of 2018, with a 12% year-over-year increase,… Read more
South Williamsburg Deal is Buyer’s First Foray into Luxury Rental
Hodges Ward Elliott (HWE) has arranged the sale of 424 Bedford Ave. in Brooklyn’s South Williamsburg neighborhood, where it’s the… Read more
Pre-War Elevator Multifamily Fetches 3.3% Cap in Brooklyn
GFI Realty Services has finalized the $15.5-million sale of 2261 Ocean Ave., a six-story apartment building in Brooklyn’s Madison section.… Read more
Ashkenazy Picks Up Full Block of Retail in Sheepshead Bay
Ashkenazy Acquisition Corporation has closed on the $38.25-million purchase of a shopping center in Sheepshead Bay, Brooklyn. The 81,000-square-foot, full-block… Read more
Turnbridge Buys South Bronx Site for Industrial Development
Manhattan-based Turnbridge Equities has purchased a 10-acre industrial development site in the South Bronx’s Port Morris area for $56.2 million,… Read more
Multifamily in BK’s Cultural District Gets $32M Loan
HFF has arranged $32 million in financing for Jonathan Rose Companies’ Caesura, a newly-completed, 123-unit residential building with ground-floor retail… Read more
Greystone Arranges Fannie Mae Debt for Brooklyn Apts.
Greystone has provided $11,727,000 in Fannie Mae loans to refinance a portfolio of multifamily properties in Brooklyn’s Bushwick and Bedford-Stuyvesant… Read more
Brooklyn, Queens Will See QOZ Investment, Says GFI
Crown Heights in Brooklyn and Far Rockaway in Queens, along with Harlem in Northern Manhattan, are expected to reap investment… Read more
Chase Q&A Series Part 1: An Economic and Demographic Perspective
By Kurt Stuart, Chase Commercial Term Lending I recently had the opportunity to speak with Reis economist Victor Calanog, PhD,… Read more
Alchemy Acquires Bed-Stuy Multifamily Portfolio
Alchemy Ventures has purchased a nine-building multifamily portfolio in Brooklyn’s Bedford-Stuyvesant neighborhood for $24.6 million from IWC General Partners. A… Read more
Largest Starbucks Roastery Opens in Meatpacking
Starbucks Reserve Roastery New York was set to open its doors Friday morning. The 23,000-square-foot retail space in the Meatpacking… Read more
Smart-Home Tech Powers Brooklyn’s Stanwix Rentals
Real estate startup Nooklyn will manage leasing at The Stanwix, reportedly Brooklyn’s first apartment building to offer smart-home technology in… Read more
$102M PGIM RE Loan Buys Bay Ridge Affordable
PGIM Real Estate Finance has provided a $102-million Freddie Mac acquisition loan to Jonathan Rose Companies for Shore Hill Housing,… Read more
Brooklyn MXU Tower Receives $208M in Construction Financing
A $207.75 million construction loan was secured to finance the development of 540 Fulton St., a luxury residential and office… Read more
GFI Markets MXU on Brooklyn/Queens Border
GFI Realty Services is listing 1070 Cypress Ave., a mixed-use multifamily and retail building on the border of Bushwick, Brooklyn… Read more