Manhattan
Williamsburg Mid-Rise Lands Nearly $20M Financing
Berkadia has arranged $19.6 million in financing for 240 Meeker, a mid-rise condominium development in Brooklyn’s Williamsburg neighborhood. Stewart Campbell… Read more
Lawmakers Ready to Act on Congestion Pricing for Manhattan
Congestion pricing for Manhattan, first proposed decades ago, may finally become reality. State Assembly Speaker Carl Heastie told reporters that… Read more
Convene Coming to Brookfield Place’s Retail Courtyard
Brookfield is swapping Saks Fifth Avenue for Convene. The owner-developer and the flexible office space provider have forged a partnership… Read more
Top Broker Honoree: Andrew Goldberg
Andrew Goldberg, a 25-year industry veteran, was the first-ever retail broker to be named vice-chairman in the history of CBRE.… Read more
Top Broker Honorees: Darcy Stacom and William Shanahan
The CBRE duo of Darcy Stacom and William Shanahan was responsible for approximately $6.4 billion of investment sales transactions, primarily… Read more
Catering Firm Great Performances Will Relocate to Mott Haven
Great Performances, the largest woman-owned catering and food service company in New York City, will relocate from Manhattan to the… Read more
Ammann’s Condo Sales Plan Declared Effective
BRGDM, the development marketing division of Bohemia Realty Group, has gotten the go-ahead from the New York State Attorney General’s… Read more
Manhattan’s 6 Big Office Projects Already 49% Pre-leased
As a measure of the drawing power of new construction in the Manhattan office market, consider that the six major… Read more
CRE Firms Go Toe to Toe with a Prized Tenant: WeWork
WeWork and other shared-space providers have presented commercial real estate’s major players—from landlords to service firms—with both a boon and… Read more
Buying Far Outweighs Building in Manhattan
For sheer dollar volume, Manhattan led all U.S. markets in total capital commitments with greater than $50 billion last year,… Read more
Compound Launches Cityfund with 49% Stake in Downtown Apartments
Compound Asset Management has launched an investment product, Cityfund, with a quartet of downtown residential properties as its first acquisition.… Read more
Dorilton Capital Quadruples Space at Rudin’s 32 Sixth
Private investment firm Dorilton Capital Management is quadrupling its office presence at the Rudin Family’s 32 Ave. of the Americas. The… Read more
PCCP Provides $152M to Recap Brooklyn’s Pioneer Building
PCCP LLC has provided a $152-million senior loan for the recapitalization and lease-up of 41 Flatbush Ave. in Downtown Brooklyn.… Read more
Kushner Bulks Up Apartment Portfolio with $1.1B Lone Star Deal
Kushner Cos. has acquired more than 6,000 apartments in the Washington, D.C. suburbs of Maryland and Virginia from Lone Star… Read more
Apartment Landlords Get First Break on Concessions in Years
Market share of landlord concessions on new leases in Manhattan fell for the first time in 43 months, Miller Samuel’s… Read more
Northern Manhattan Market: Deals Down, Dollars Up
Northern Manhattan investment sales saw both increases and a year-over-year decrease in 2018, according to Ariel Property Advisors data. Although… Read more
Meridian Arranges $48M Deal for Mixed-Use Development in Jersey City
Meridian Investment Sales has sold the Avenir, a mixed-use development site in Jersey City, NJ for $48 million. Located at… Read more
Manhattan’s Flexible Office Growth Hits Triple Digits Y-O-Y
Leasing velocity in Manhattan’s flexible space sector is well into triple-digit territory for year-over-year growth. 2018’s total of 4.7 million… Read more
Park Trust Makes Plans for Manhattan’s First Beach
Manhattan Beach may soon no longer be strictly the name of a California coastal community. At its board meeting Thursday,… Read more