New York
PBC Clears $385M Debt on Midtown Office Tower
Property & Building Corporation Ltd. (PBC) has issued Secured Bonds on the Tel Aviv Stock Exchange to repay the $385… Read more
HKS Arranges $47M CMBS Loan for NJ MF Property
HKS Real Estate Advisors has secured a $46.5 million CMBS loan with Citigroup for a new multi-family property at 1-5… Read more
Blackstone Veteran’s Inaugural RE Fund Closes at $1.25B
Town Lane, an opportunistic real estate investment firm co-founded by 19-year Blackstone veteran Tyler Henritze, closed its inaugural fund at… Read more
New York/Tri-State People and Company News, week of May 31, 2024
Unispace Life Sciences announced the appointment of Daniel Maldonado as managing director, Americas. Maldonado has three decades of international construction… Read more
MAG Partners Tops Out Two NYC Resi Towers
MAG Partners has reached a milestone with the topping out of two new Manhattan residential towers, a significant step towards… Read more
Consigli to Acquire Lendlease’s NY/NJ Construction Business
Consigli Building Group, Inc. and Lendlease have announced an agreement in which Consigli will acquire Lendlease’s New York and New… Read more
It’s Hurricane Season: Time to Prepare
The National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center released its 2024 Atlantic hurricane season forecast – and the… Read more
The Ongoing Evolution of American Cities
Consider Manhattan. Once a quaint Dutch village, the city today boasts mile after mile of high-rise buildings, crowded streets and… Read more
Lendlease to Exit U.S. and UK Markets, Sell East Coast Business to Consigli
Lendlease said Wednesday it had agreed to sell its East Coast construction operations to Consigli Building Group, including 45 projects… Read more
Survey: RE Sector Leads in Office Attendance at 83%
A recent survey by the Partnership for New York City revealed that 56% of Manhattan office workers are back at… Read more
Ariel Arranges $21M Sale of Midtown Development Site
Ariel Property Advisors has arranged the $21 million sale of a development site at 240 West 54th Street, between Broadway… Read more
Cushman & Wakefield Arranges Three Melville Leases Totaling 163K SF
Cushman & Wakefield has secured three long-term leases at 2 Corporate Center Drive at Melville in Long Island, a Class… Read more
TCC Taps Jessica Fraser from Prologis as SVP
Trammell Crow Company (TCC) has appointed Jessica Fraser as senior vice president, focusing on industrial development in the NYC metro… Read more
It’s Time to Submit Nominations for 2024 Top Mortgage Brokers & Lenders
Connect Commercial Real Estate’s fourth annual Top Mortgage Brokers & Lenders awards program has seen a strong industry response to… Read more
NY to Renovate Lexington Ave Armory with $120M Project
New York has initiated a search for a construction firm to undertake a renovation project valued at up to $120… Read more
NYC Office Demand Drops 22% in April
NYC office demand has decreased 22% since March, equivalent to 3 million square feet, but it is still above the 2021-2023… Read more
Greystone Provides $6M for Harlem Supportive Living Buildings
Greystone has provided a $6 million Freddie Mac Optigo Targeted Affordable Housing (TAH) loan to finance two permanent supportive living… Read more
Pontera Relocates to Empire State Building with 41K-SF Lease
Empire State Realty Trust, Inc. has announced a long-term lease with Pontera Solutions, Inc. for a 40,679-square-foot space at the… Read more