Brooklyn
$127M Financing Goes to Prospect Park Redevelopment
The redevelopment of a prewar mixed-use building on the northwest corner of Prospect Park in Brooklyn has received $127 million… Read more
Hoboken’s Wonder Lofts Redevelopment Lands $120M Recap
Angelo, Gordon & Co. and Prism Capital Partners have joined forces on a $120-million recapitalization of the Wonder Lofts redevelopment… Read more
XX House, Hub for Female Leaders, to Reside in Williamsburg
A members-only community for female leaders and creators, The XX House, has leased 15,479 square feet for its first private… Read more
MRC Turns Around 1st Mortgage on Ridgewood MXU
Madison Realty Capital delivered a financing solution for borrower AB Capstone within seven days, closing on a $37.5-million first mortgage… Read more
SL Green Exits Kushner JV with Gowanus Sale
Office and retail REIT SL Green Realty Corp. is exiting its only joint venture with Kushner Cos., selling a development… Read more
$233K-Per-Unit for Midwood Apartments and Retail
A local investor paid $1.4 million for a two-story building with five large apartments and 850-square-feet of retail space, in… Read more
Brooklyn Tops in U.S. for Gentrification Since 2000
Brooklyn includes some of the places that have gentrified the most in the U.S. since 2000, according to new research… Read more
$42.1 Construction Financing for 70 Schermerhorn
Developers borrowed $42.1 million from Bank of the Ozarks, plus joint venture equity from a fund managed by The Davis… Read more
$246M Refinancing for Value-Add at Flatbush Gardens
Clipper Realty Inc. borrowed $246 million from New York Community Bank to refinance two mortgage loans on Flatbush Gardens, an… Read more
$73M in New Sales for New York REIT
New York REIT (NYRT) continues to sell off its entire portfolio of New York properties. It has entered into three… Read more
$13M for Development Site in Ocean Hill
Investors paid $12.8 million for a 20,000-square-foot development site at 1508 Herkimer St. in the Ocean Hill neighborhood of Brooklyn.… Read more
Brooklyn Condominiums Outperform: New Data from REBNY
Home buyers spent a record $50 billion to buy condominiums, coop apartments and houses in New York City in 2017… Read more
$38M Loan to Buy Gowanus Development Site
The Domain Companies, an apartment developer, borrowed a total of $38 million to buy 420 Carroll St., an industrial building… Read more
Starz Entertainment Leases 11K-SF for Show Business Gear
Starz Entertainment, the popular TV network, leased 11,000 square feet at 1778 Pacific St., a 220,000-square-foot industrial complex in the… Read more
RXR Realty and Broadway Construction Group Top Out 810 Fulton St.
Workers topped out the 12-story building now under construction at 810 Fulton St. in the Fort Greene neighborhood of Brooklyn.… Read more
$24M for Medical Offices, Soon to Become Luxury Residential
Developers paid $24 million for 68 Schermerhorn St., a three-story medical office building in Brooklyn’s Boerum Hill neighborhood. The new… Read more
Developers Buy More Sites: News from Ariel’s “Coffee and Cap Rates” Presentation
The renewal of New York’s biggest tax break for development encouraged developers to buy more land in 2017. The number… Read more
$3.3M for Ditmas Park Mixed-Use
A local investor paid $3.3 million for 1322 Cortelyou Rd., a four-story property in the Ditmas Park neighborhood of Brooklyn. The… Read more
New $2.5B Plan for the Brooklyn Navy Yard
The Brooklyn Navy Yard has a new $2.5 billion plan to add five million square feet of space and 10,000… Read more