New York
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
JLL Pre-Leases 540K-SF Hudson Valley Logistics Center
A joint venture between Bluewater Property Group and Affinius Capital has pre-leased the 540,688-square-foot Hudson Valley Logistics Center (HVLC) in… Read more
First Citizens Bank Provides $74M for BK MF Building
First Citizens Bank announced its Commercial Real Estate division provided a $74 million senior secured loan to Lonicera Partners for… Read more
Resolution RE Partners Arranges Two Midtown Leases
Jonata Dayan and Brett Weiss of Resolution Real Estate Partners arranged a 10-year lease for La Radiant at 11 West… Read more
Williams Equities to Renovate Midtown South Building
Williams Equities announced a multi-million dollar capital improvements program for its 28-40 West 23rd Street property in the Flatiron District.… Read more
Adult Mini-Golf Venue to Open in Back Bay
Swingers, a mini-golf venue for adults, has been approved to open in Boston’s Back Bay, at the former Crate & Barrel store on Boylston… Read more
Nintendo to Open Second U.S. Store in San Francisco
Nintendo of America on Friday announced plans to open an official store in San Francisco’s Union Square. With a 2025… Read more
New York Bank Establishes First West Coast Office in Century City
Watt Companies’ Watt Plaza in Century City has signed a 10-year lease agreement with Esquire Bank, a commercial bank serving… Read more
Migration Trends: Where Are the Hot Spots?
Though populations aren’t necessarily fleeing people-packed, highly dense areas in the droves they did during the height of the pandemic,… Read more
HSBC Unveils New US HQ in Hudson Yards
HSBC has inaugurated its new U.S. headquarters at The Spiral in Hudson Yards, marking its largest U.S. relocation to date. Mayor Eric Adams,… Read more
RFR, Kushner Secure Extension for $480M Dumbo Heights Loan
RFR and Kushner Companies have secured a 4-year extension on the $480 million loan for Dumbo Heights, a 750,000-square-foot mixed-use… Read more
Waterman, HPS to Redevelop 850 Third Avenue
Waterman Interests, LLC, and HPS Investment Partners have partnered to redevelop 850 Third Avenue, a 605,000-square-foot, 21-floor office building in… Read more
Declining DSCRs Mean Potential Distress in Many Office Markets
Although the much-anticipated wave of office distress has yet to materialize, new research fromYardi Matrix shows that many markets are… Read more
We’re Looking for More of the Top CRE Mortgage Brokers & Lenders
Early response to Connect Commercial Real Estate’s fourth annual Top Mortgage Brokers & Lenders Awards has been positive. Yet we’re… Read more
Shaq’s Big Chicken Restaurant to Open Tacoma Location
Big Chicken, a fried chicken restaurant backed by NBA Hall of Famer Shaquille O’Neal, is set to open a new… Read more