Manhattan
Metroloft Launches First Office-to-Office Redevelopment
Metroloft, which has specialized in commercial-to-residential conversions in Lower Manhattan for the past 25 years, has launched its first office-to-office… Read more
Production Company Quadruples Space in Move to Industry City
The Garage, a tabletop production company specializing in commercials for brands such as Coca-Cola, Hershey’s, Cadillac and Olay, will be relocating… Read more
Judge Nixes Permits for Upper West Side Condo Tower
A state Supreme Court judge in Manhattan voided the city’s permits for Extell Development’s luxury condominium project at 50 W.… Read more
Brooklyn Sees “Striking Surge” in Pending Home Sales
Pending sales in Brooklyn increased 38.7% last month from a year ago, with 735 homes going into contract, StreetEasy reported Thursday. The… Read more
Highgate Will Take Over Most of Colony’s Hotel Holdings
Manhattan-based Highgate has agreed to acquire six of Colony Capital’s hospitality portfolios in a transaction valued at $2.8 billion, including… Read more
Biotech Firm Comes to Manhattanville
The Janus Property Company has signed biotechnology growth company Volastra Therapeutics for a new lab space at the Mink Building… Read more
Common Completes $50M Series D Round
Common has completed a $50-million Series D funding round led by Kinnevik and with participation from existing investors, including Norwest Venture Partners, 8VC… Read more
Avison Team Markets Union Square Offices for Net Lease
The Tri-State Investment Sales Group for Avison Young has been named the exclusive agent for 8-12 W. 14th St./5-11 W.… Read more
Britvan Will Lead Loan Sale Advisory at HWE
Industry veteran Michael Britvan has joined Hodges Ward Elliott as managing director. Britvan will lead HWE’s loan sale advisory initiatives as… Read more
SitusAMC Acquires Cohen’s Loan Servicing Platform
SitusAMC Holdings Corp. has acquired the third-party loan servicing and asset management platform of Cohen Financial, a division of Truist… Read more
Walker Webcast: Barry Sternlicht Returns for an Encore
Starwood Capital Group founder Barry Sternlicht was one of the first guests on what has become a weekly series of… Read more
Opentrons Takes Full-Floor Space at Alexandria Center
Cushman & Wakefield arranged a 30,000-square-foot sublease on behalf of Opentrons at the Alexandria Center for Life Science. The full-floor… Read more
Brooklyn Apartment Metrics Fare Best in Lackluster August
Brooklyn apartment landlords fared best in a lackluster August among the rental markets charted each month by Miller Samuel’s Jonathan… Read more
Century 21 Files for Chapter 11, Will Close All Stores
Off-price retailer Century 21 Stores, founded in Lower Manhattan in 1961, became the latest retailer to file for Chapter 11… Read more
Lamar Advertising Renews Leases in LIC, Midtown
Avison Young arranged two lease renewals totaling 11,440 square feet for outdoor advertising firm Lamar Advertising Company. They included a… Read more
Goedecke & Co. Hires Shepard as VP in Connecticut
New England-based commercial mortgage banking company Goedecke & Co. has hired Rory Shepard as Vice President in the firm’s Darien,… Read more
Net-Leased Retail Property in Chapel Hill Trades for $32M
Marcus & Millichap has arranged the $32 million sale of a 99,000-square-foot single tenant retail property net-leased to Wegmans Food… Read more
Partnership Seeks Preferred Equity for 7-Property Hotel Portfolio
JLL Hotels & Hospitality is seeking preferred equity proposals for a seven-property select service hotel portfolio totaling 1,087 rooms in Downtown… Read more
Brookfield Secures $1.8B Refi for One Manhattan West
Brookfield Property Partners (BPY) said Friday it had borrowed $1.8 billion, including $1.5 billion securitized as CMBS, to refinance One… Read more