New York
Chicago Tops the List for Commercial Real Property Tax Rates
Chicago and New York City have topped the list of cities for the highest effective property tax rates, more than… Read more
Queens Charter School Lands $32M Loan
Apex Development Group and Knickpoint Ventures have secured a $32 million loan for the acquisition and construction of a charter… Read more
Blue Light Capital Expands Lending Platform
NY-based Blue Light Capital has launched Blue Light Credit, led by Jeremy Burton and Tristine Lim, to address the middle-market… Read more
Cushman & Wakefield Arranges 15K-SF Midtown Lease for Software Company
Cushman & Wakefield has arranged a 15,158-square-foot lease for software company Grata Inc. at 1410 Broadway, occupying the entire 2nd… Read more
BLDG Wins 421-a Wage Theft Lawsuit
A New York Supreme Court judge in Albany ruled that New York City Comptroller Brad Lander lacked the authority to… Read more
Stellar Management’s Larry Gluck Dies At 71
Larry Gluck, co-founder of Stellar Management, one of NYC’s largest commercial real estate owners, has passed away at 71 after… Read more
Stripe Subleases 147K SF at 28 Liberty in Fidi
Payment company Stripe has signed a sublease agreement with insurance giant AIG for 147,000 square feet at 28 Liberty, the… Read more
Marcus & Millichap Arranges $18M Sale of The Hudson River Hotel
The Hudson River Hotel, a 56-room high-rise hotel in Midtown, has been sold for $18.2 million. Jerry Swon, Robert Hunter,… Read more
Flatbush MF Lands $32M in Construction Financing from S3 Capital
Triple C Builders has secured $32 million in construction financing for a mixed-use multifamily development in Flatbush, Brooklyn. S3 Capital… Read more
William Vale Hotel in BK Sells Out of Bankruptcy for $177M
Eastdil Secured and advisory firm A&G Real Estate Partners has marketed the William Vale Hotel in Williamsburg. EOS Hospitality, a… Read more
CleanSpark Adds 5 Georgia Bitcoin Mining Facilities
CleanSpark acquired five turnkey bitcoin mining facilities in rural Georgia for a cash payment of $25.8 million. The definitive agreements include the… Read more
Gourmet Home Products Buys Midtown Building for $31M
Houseware manufacturer Gourmet Home Products will move to 148 Madison Avenue in Midtown, a building purchased by the company’s co-founder,… Read more
NYC Approves 2.75% Rent Hike for 1M Rent-Stabilized Apts
The Rent Guidelines Board has approved rent increases for New York City’s nearly 1 million rent-stabilized apartments, with rates set… Read more
Wells Fargo Lends $97M to Acquire BK Affordable Housing Portfolio
Tredway, an affordable and mixed-income real estate developer, and ELH Mgmt. LLC have acquired a seven-building portfolio in Fort Greene,… Read more
Investment Firm Takes Full Floor Space at 10 Bryant
JLL has arranged a full-floor lease for Brighton Park Capital Management at 10 Bryant, a 30-story tower at 452 Fifth… Read more
JP Morgan Secures $165M Refi for Midtown Rental Tower
J.P. Morgan Investment Management has secured $165 million to refinance 776 Avenue of the Americas, also known as The Capitol,… Read more
NYC Self-Storage Portfolio Lands $100M Loan from PGIM
A joint venture between The Carlyle Group and Sabharwal Properties has secured a $100 million debt package to refinance four… Read more
SRS Scores on Pricing, Cap Rates with Multiple 7-Eleven Sales
The Newport Beach-based SRS Real Estate Partners Capital Markets team has sold a total of 33 7-Eleven-occupied properties over the… Read more