Manhattan
Bronx Gets Ferry Service After 80-Year Hiatus
Ferry service has returned to the Bronx for the first time since the 1930s, with the debut of service between… Read more
Vornado Lands $120M Refi on Union Sq. Retail
Vornado Realty Trust has completed a $120-million refinancing of 4 Union Square South, a 206,000-square-foot Manhattan retail property. The interest-only… Read more
NYC Unemployment at Historic Lows, Economy Lags U.S.
City Comptroller Scott Stringer’s report on the city’s economy offers a mixed outlook. On the one hand, the report finds… Read more
Rezoning Gives Retail a Shot in the Arm
“Retail follows rooftops,” the old saying goes. In New York City, the truism may well be that “retail follows rezoning.”… Read more
SRS Arranges Sale of Triple-Net Leased Target
SRS Real Estate Partners’ National Net Lease Group has arranged the acquisition of a newly-constructed, single-tenant Target on behalf of… Read more
PCCP Issues Refi Loan for Luxury Apts. in Midtown West
PCCP has issued a $168.5-million senior loan to refinance a 14-story, 280-unit luxury apartment building at 535 W. 43rd St.… Read more
Ariel Running Foreclosure Sale on One Bennett Park
Ariel Property Advisors has been retained to run the UCC foreclosure process for the development site at One Bennett Park… Read more
Brookfield Seeds Venture on Its NYC Office Portfolio
Brookfield Property Partners (BPY) said that it has seeded a new Brookfield Asset Management-sponsored New York City real estate venture… Read more
In Toys “R” Us Bankruptcy, A Rare Opportunity
Large-scale retail bankruptcies and liquidations mean large-scale business disruption, of course. However, they can also present opportunities for both investors… Read more
Lee NYC Launches Investment Sales Platform
Vickram Jambu, Chris Varjan (both pictured below) and Paul Popkin (pictured above) have joined Lee & Associates NYC as senior… Read more
“External Factors” Give Manhattan Condo Buyers Pause in Q2
Second-quarter sales of residential condominiums and co-ops in Manhattan slipped 16.6% from a year ago, marking the third consecutive quarter… Read more
Central Harlem, Multifamily Lead Sales in Northern Manhattan
Northern Manhattan saw 121 investment sales transactions consisting of 155 properties in the first half of 2018, totaling approximately $885.6… Read more
Alexandria Acquires Pfizer-Occupied Property in Manhattan for $203M
Pasadena, CA-based Alexandria Real Estate Equities, Inc. acquired 219 East 42nd Street in New York for $203 million. The roughly… Read more
Douglas Elliman to Market Supertall West 57th Condos
The developers of 111 W. 57th St., a luxury condominium project that will rise to 1,428 feet when completed, have… Read more
PE Fund Administrator Relocates on Third Avenue
Gen II Fund Services, a private equity fund administration firm based in Manhattan, has signed a 48,000-square-foot lease at 805… Read more
Washington Heights Multifamily Hits the Market
GFI Realty Services has been named exclusive sales agent for 467 W. 164th St., a 20-unit multifamily property located in… Read more
HUD Program Will Convert 2,400 NYCHA Units to Section 8
The New York City Housing Authority has committed $400 million to renovate nearly 2,400 apartments across 21 public housing developments… Read more
Jumbo Floorplates a “Scarce Commodity” in Manhattan
Call it a mismatch between demand and supply. Jumbo office floorplates of 100,000 square feet or more are favored by… Read more
Eight-Property Sleepy Hollow Portfolio Goes on the Market
There’s still time to join us for Connect Apartments on June 26th in Los Angeles. Here’s a link to find… Read more