New York
JV Leases LIC Field Office for Upcoming Amtrak Infrastructure Project
Kaufman Organization and True North have signed part of the second floor of 21-01 51st Ave. in Long Island City, also known as the Cardinal… Read more
Winstanley Acquires Former Save a Lot Distribution Center
Winstanley Enterprises LLC, among the largest regional owners and operators of commercial real estate in the Northeast, has acquired a… Read more
Dermot and PGGM Snap Up FiDi Luxury Tower for Reported $370M
The Dermot Company and Dutch pension fund service provider PGGM have acquired 20 Exchange Place, a 767-unit, 57-story luxury apartment building located… Read more
Daiwa Capital Markets Signs Full-Floor Lease in Relocation from Financial District
Daiwa Capital Markets America Inc. (DCMA) has signed a 20-year lease for 44,100 square feet spanning the 49th floor of Mitsui Fudosan America’s… Read more
JLL Arranges $173M Bridge Loan for South Williamsburg Mixed-Use
JLL Capital Markets arranged $173 million in bridge financing for Lorimer House, a 270-unit, mixed-use development at 28 Boerum St.… Read more
More than Sports: The Olympics and Sustainability
According to a recent JLL article, hosting large-scale, global events can be a boon to a city. However, it can… Read more
Ares, Douglaston Score $560M Refi on Luxury West Side Apartment Tower
Newmark Group and Greystone Capital Advisors arranged $560 million in floating-rate debt on behalf of Ares Management and Douglaston Development for 3ELEVEN,… Read more
Multifamily Rent Growth Rate Ticks Upward in July
Consistent economic growth and demographic trends sustained multifamily demand at the start of 2024’s third quarter, Yardi Matrix said Thursday.… Read more
Banks See More Office Loans at Risk of Default
Bank data from the first quarter of 2024 show the percentage of criticized loans — meaning those at greater risk… Read more
Northwind Provides $95M Acquisition Loan for FiDi Office Tower
Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, provided a $95-million senior mortgage acquisition loan secured by 100… Read more
Trio of Leases Brings 250 W. 55th St. to Full Occupancy
CBRE completed three office leases totaling approximately 30,000 square feet at 250 W. 55th St., a Class A office tower in Midtown Manhattan owned… Read more
Manhattan Investment Sales on the Rise, Led by Retail Sector
Investment sales in Manhattan rose to $5.8 billion over 167 transactions in the first half of 2024, an increase of… Read more
Amtrak Launches Revitalization Campaign at DC’s Union Station
Amtrak has formally taken over day-to-day management of the commercial areas at Washington Union Station and has launched a program… Read more
Creation Jettisons Chandler Warehouses for $57M
Midway Commerce Center located in Chandler traded hands this week as Creation sold the three-building, 301,994-square-foot master-planned industrial center to Boston-headquartered Longpoint… Read more
State of Play Bringing Flight Club to NYC with 31 Union Square West Location
State of Play Hospitality has signed a lease in New York City to open Flight Club, an upscale technology-enabled Social Darts concept, at… Read more
Arctaris Impact Investors Puts $27M Equity into Gowanus MXU
Arctaris Impact Investors, LLC, a Boston-based impact investment firm, made a $27-million equity investment in 310 and 340 Nevins St.,… Read more
PCCP Furnishes $61M Construction Loan for Trenton-Area Spec Industrial
PCCP, LLC has provided a $60.8-million senior construction loan to Lincoln Equities Group for the speculative development of a 420,024-square-foot,… Read more
SL Green Extends Mortgage on Daily News Building to 2027
SL Green Realty Corp. said Tuesday that, together with its joint venture partner, it has closed on a modification and… Read more