Manhattan
Marx Realty Signs Chick-Fil-A to First Standalone NYC Location
Marx Realty (MNPP), has signed a 20-year, 6,000-square-foot ground lease with Atlanta-based Chick-fil-A. The existing three-story office building at 1573… Read more
Sunrise Senior Living Opens Second Staten Island Facility
Sunrise Senior Living has opened its second community on Staten Island, Sunrise of New Dorp. The nearly 85,000-square-foot, four-story property… Read more
Manhattan Retail Rents Stabilize, But Q2 is “Mixed Bag”
Average asking rents in Manhattan’s 16 prime retail corridors were stable in the second quarter, CBRE reported, ending 18 consecutive… Read more
Newmark Secures Blackstone Loan for 570 Washington St.
Newmark arranged the financing for 570 Washington St., a luxury waterfront residential development in Manhattan’s West Village. A joint venture… Read more
Financial District Apartments Trade to Amancio Ortega’s Real Estate Group
Inditex founder Amancio Ortega’s real property group, Pontegadea, is acquiring 19 Dutch St., a 64-story, 500-unit luxury multifamily property in… Read more
Walker & Dunlop Arranges $754M Financing on Crown Building Hotel and Residential
Walker & Dunlop structured $754,000,000 in financing for Aman New York, a luxury hotel and residence development occupying the top… Read more
Natixis Provides $97M Financing on Hudson Yards Apartments
Natixis Corporate & Investment Banking (CIB) originated a $97-million, five-year, floating-rate financing to a borrower affiliated with principals of Maddd Equities,… Read more
Lee NYC Reps MD Squared Property Group in Midtown South Move
Lee & Associates NYC represented MD Squared Property Group, a property management company, in a 14,855-square-foot, five-year sublease at 7… Read more
IT’SUGAR Expands in NYC with Former Modell’s Times Square Site
In a transaction arranged by CBRE, IT’SUGAR, a specialty candy store, has committed to a new retail lease at 234… Read more
Q2 Manhattan Office Leasing Driven by New Construction
Manhattan office leasing volume declined slightly in the second quarter compared to Q1, Newmark and Colliers reported. However, the year-over-year… Read more
Vornado Completes Quartet of Refis for $3.2B
Vornado Realty Trust said it recently completed four refinancings totaling $3.2 billion. These included an extension on an unsecured revolving… Read more
Fort Lee Apartments Fetch $52M Amid Renter Demand
Cushman & Wakefield arranged the sale of The Sterling, a 128-unit multifamily property located at 2055 Center Ave. in Fort… Read more
CoreVest American Finance Closes on $313M Securitization, Uses Blockchain Tech
CoreVest American Finance Lender LLC, a leading lender to residential real estate investors nationwide and a division of Redwood Trust,… Read more
Marcus & Millichap Promotes Ryan Nee to SVP and Southeast Division Manager
Marcus & Millichap has promoted Ryan Nee to SVP and division manager of the Southeast. Nee has been with the… Read more
WiredScore Raises $15M in Series B Round
WiredScore, the Lower Manhattan-based certification company focused on digital connectivity and smart technology, has raised $15 million in Series B… Read more
Obligo, Wells Fargo Partner on Security Deposit Alternative
Lower Manhattan-based fintech company Obligo has unveiled a model, supported by Wells Fargo, that further enhances its product offering. Obligo… Read more
UES Portfolio Deal is Manhattan’s Biggest Apartment Sale of Pandemic
A venture of Black Spruce and Orbach Affordable Housing Solutions has agreed to pay $1.75 billion for six rental apartment buildings on… Read more
Manhattan Office Building Sales Confront a Host of Challenges
Manhattan’s office building sales market faces a perfect storm of challenges: from inflation and the new work-from-home normal to interest… Read more
George Washington University Sells One Washington Circle Hotel
Electra America Hospitality Group, a JV between Electra America and AKA, has acquired the 152-room One Washington Circle Hotel from… Read more