Manhattan
Avison Young: Multifamily Absorption on Pace to Exceed 2024
Multifamily deliveries are expected to approach all-time highs in 2025, even as new construction starts have declined by an average… Read more
GFP Secures Five Leases at Historic 515 Madison Ave.
GFP Real Estate, LLC secured five lease transactions totaling 11,437 square feet at 515 Madison Ave. in Manhattan’s Plaza District, bringing the historic office… Read more
Vornado CEO: Chicago, San Francisco Assets May Be for Sale
Calling Manhattan “the strongest real estate market in the country,” Vornado Realty Trust chairman and CEO Steven Roth said Tuesday… Read more
Global Holdings Refis NoMad High-Rise for $249M
Wells Fargo’s Multifamily Capital group has closed a $249.2-million Freddie Mac loan for Anagram NoMad, a luxury residential tower located at… Read more
BridgeCity, Deutsche Bank Lend $320M on 80 Pine St. Residential Conversion
Arrow Real Estate Advisors arranged a $320-million construction loan on behalf of Bushburg Properties for the conversion of 80 Pine… Read more
Washington Heights Rentals Complete Lease-Up in Less Than a Year
LargaVista Companies and Baron Property Group (BPG) have completed the lease-up of all 92 market-rate rentals at The Park Overture… Read more
Compass Adds Executive Director in Commercial Division
Compass vice chairman Adelaide Polsinelli announced the addition of Josh Silberstein as executive director in the firm’s New York Commercial… Read more
Blackstone REIT CEO Wesley LePatner Among Those Killed in Midtown Manhattan Shootings
Wesley LePatner, CEO of Blackstone Real Estate Income Trust, was among four people shot and killed by a gunman Monday… Read more
Barings Divests Midtown West Rentals for $244M
JLL closed on the $243.5-million sale of Riverbank, a 44-story recently renovated rental property located at 560 W. 43rd St.… Read more
Sigma Computing Joins Tenant Roster at SL Green’s One Madison Ave.
SL Green Realty Corp. has signed a new 64,077-square-foot lease with Sigma Computing, Inc. for a portion of the third… Read more
Vornado Refinances Midtown’s PENN 11 for $450M
Vornado Realty Trust has completed a $450-million refinancing of PENN 11, a 1.2-million-square-foot Manhattan office building located in Midtown Manhattan’s Penn District. The five-year,… Read more
Arrow Arranges Financing for Office Conversion in FiDi
Arrow Real Estate Advisors arranged $61 million in financing for the acquisition of 5 Hanover Square, a 300,000-square-foot office building… Read more
Bronx Sale Illustrates Demand for Stabilized Housing Stock
Marcus & Millichap finalized the sale of a 97-unit multifamily property at 1154 Ward Ave. in the Bronx for $7.5… Read more
Retail and Office Condos in Meatpacking District Score $47M Mortgage
RIPCO Real Estate secured a $47-million loan from JPMorgan to provide first mortgage financing for 415 W. 13th St. in Manhattan’s… Read more
U.S. Soccer Leases Pre-Built Suite at Soloviev Group’s 9 West 57th Street
Soloviev Group said Monday that the U.S. Soccer Federation will be the newest tenant at its flagship office tower at 9 W. 57th… Read more
Boutique Hudson Square Hotel Lands $52M Refi
BridgeInvest has provided a $52-million loan to refinance Hotel Hugo, an independently managed, boutique hospitality asset at 525 Greenwich St. in… Read more