New York
ICON Parking Trades; New Ownership Plans Expansion
The Broe Group, a multibillion-dollar, privately-held investment company headquartered in Denver, has joined Hudson Valley Parking Trust to acquire 100%… Read more
Battery Park City Authority to Invest $500M in Building NYC Affordable
New York Gov. Kathy Hochul, New York City Mayor Eric Adams and New York City Comptroller Brad Lander on Monday… Read more
Calling for More Nominations in Connect CRE’s 2024 Women in Real Estate Awards
Nominations are open for Connect CRE’s 2024 Women in Real Estate Awards, and although response to our eighth annual program has been… Read more
Temple U Student Housing Scores $285M Refi
Walker & Dunlop, Inc. has closed a $285,500,000 refinancing for Vantage and The View at Montgomery in Philadelphia. The two student… Read more
IPA Arranges $50M Refi on Newly Renovated SoHo Mixed-Use
IPA Capital Markets, a division of Marcus & Millichap specializing in capital markets services for major private and institutional clients, closed the $50-million refinancing… Read more
SL Green Reaches Sellout at Giorgio Armani Residences
SL Green Realty Corp. announced the sellout of the exclusive Giorgio Armani Residences on Manhattan’s Upper East Side. All 10… Read more
Tishman Speyer Sells Downtown D.C. Office Building for $140M
New York-based real estate giant Tishman Speyer has sold 2000 K Street NW, a downtown D.C. office property, to Spear Street Capital for $140.2 million.… Read more
Atlas Capital Lands Nearly $1B Loan for Riverfront Apartment Project
Atlas Capital Group secured a $985-million construction loan to build two Lower Manhattan apartment towers at 80 Clarkson St. which… Read more
Host Hotels Pays $265M for 1 Hotel Central Park
An affiliate of Host Hotels & Resorts Inc. has acquired 1 Hotel Central Park in Midtown Manhattan for $265 million,… Read more
Just What IS the Best-Performing Retail?
This is the third in a five-part series about the commercial real estate retail sector. The first two articles, “Understanding… Read more
Commercial Real Estate is . . . People
When seeking out the best commercial real estate opportunities, investors examine many factors. These include pro formas, supply, market and… Read more
SL Green Closes on $691M of Office, Retail Sales
SL Green Realty Corp. said it closed on the sale of three properties in Manhattan and Rockland County totaling $691.4… Read more
Residential Rents Post 11th Consecutive Monthly Decline
Rents for residential units fell again in June, with especially large declines in the South, where there’s been an influx… Read more
JPMorgan Goes Under Contract for Tower Near Its New HQ
JPMorgan Chase & Co. is under contract to acquire a Midtown Manhattan office property near its new headquarters at 270 Park… Read more
Charles Schwab Recommits to 1133 Ave. of the Americas for 11 Years
Charles Schwab & Co. has renewed its lease for 23,000 square feet on the 37th floor of The Durst Organization’s 1133 Ave. of the Americas for an… Read more
Luxury Clothier L’AGENCE Relocates on Upper East Side
Lee & Associates NYC represented 925 Madison Avenue Inc. in a new 10-year lease with luxury clothing brand L’AGENCE at… Read more
PCCP Provides Acquisition Loan on Hempstead Retail Center
PCCP, LLC provided a $36-million senior loan to Agus Holdings to acquire The Hub Shopping Center, a 248,569-square-foot shopping center… Read more