Manhattan
Fitch: Environmental Factors Now Weigh on Ratings for SASB CMBS
Single asset single borrower (SASB) and large loan commercial mortgage-backed securities (CMBS) bond ratings may be influenced by a property’s… Read more
Lev Completes Series A Fundraising Round
Lev, an online commercial real estate financing transaction platform, completed a Series A round of $30 million, led by Greenspring, with participation from… Read more
Taconic, Nuveen Close on Value-Add Fund
Taconic Partners and Nuveen Real Estate completed a $260-million fundraise for their jointly-sponsored value-add fund, New York City Property Fund II. The equity commitments,… Read more
Berenberg Capital Doubles Footprint with 1251 A of A Renewal
JLL has completed a 62,400-square-foot long-term lease for the top two floors of 1251 Ave. of the Americas in Midtown Manhattan… Read more
A&G Oversees Bankruptcy Auction for Queens Residential Tower
A&G Real Estate Partners is now accepting bids from developers or investors for Barclay Tower, a newly-constructed, 23-unit residential building in… Read more
B6 Markets Former Banksy Site on Lower East Side
B6 Real Estate Advisors has been retained as the exclusive sales team for 159 Ludlow St. on Manhattan’s Lower East Side,… Read more
Manhattan Retail Outlook Brightens but Fundamentals Continue Decline
Manhattan retail is getting a boost as retail employment and spending continue trending upward, but fundamentals continued deteriorating in the second quarter, according to… Read more
QBG Completes Hospitality Upgrades Uptown, Midtown and Downtown
Quest Builders Group (QBG) has been engaged to deliver upgrades on three prominent hospitality projects as summer approaches. They included the Metropolitan Club on… Read more
Manhattan Sublease Space Supply Begins Ebbing
After seeing sublease space continuously increase during the pandemic, the Manhattan office market is finally seeing a slowdown in space… Read more
Hudson Realty Capital Launches FHA Platform
Hudson Realty Capital, headquartered in Midtown Manhattan, has expanded its suite of debt and financing solutions to include Federal Housing Administration (FHA)… Read more
One Soho Square Complex Lands $900M Financing
Stellar Management and minority partner Imperium Capital have secured a $900-million refinancing for One Soho Square, an office and retail… Read more
RFR Unveils Redesigned 477 Madison Ave.
RFR is reintroducing 477 Madison Ave. to the Midtown Manhattan office market following a comprehensive redesign and renovation program. A Newmark… Read more
Ornstein, Powers Launch Services Firm Geared to Mission-Driven Clients
The newly launched OPEN Impact Real Estate LLC, founded by Lindsay Ornstein and Stephen Powers, will deliver strategic commercial real… Read more
Manhattan Office Availability Rate Ticks Downward as Q2 Ends
Manhattan second-quarter office leasing volume was virtually unchanged, quarter-over-quarter, according to Colliers. At 4.55 million square feet, Q2 2021 leasing volume… Read more
East Village Mixed-Use Trades After 70 Years’ Family Ownership
Ariel Property Advisors finalized the $3.35-million sale of 109 E. 9th St., a five-story mixed-use building in Manhattan’s East Village. The… Read more
Manhattan’s For-Sale Apartment Market Bounces Back
The rebound of Manhattan’s residential sector continued in the second quarter, with contract activity on new-development, for-sale apartments up 64%… Read more
GTIS Nears Exit from SFR Sector in Favor of Build-to-Rent
GTIS Partners, headquartered in Midtown Manhattan, has sold a 1,081-unit single-family-rental portfolio to an undisclosed buyer for approximately $300 million as it… Read more
DiamondRock Finalizes $185M Sale of Midtown Manhattan Hotel
DiamondRock Hospitality Company said Thursday today that it completed the disposition of the 725-key Lexington Hotel in Midtown Manhattan to an undisclosed… Read more
Bowery Valuation Completes $35M Series B Round
Bowery Valuation, a Lower Manhattan-based, technology-enabled commercial real estate appraisal firm, has completed $35 million in Series B funding led by… Read more