New York
NYC Neighborhood of Most Growth Potential in ‘24? Insights From REBNY’s Annual Event
The Real Estate Board of New York (REBNY) hosted over 1,000 leaders from real estate, business, and government at the… Read more
Bronx MF Portfolio Sold for $15M
Ariel Property Advisors facilitated the $14.7 million sale of a six-building, 203-unit multifamily portfolio in Morris Heights, Bronx. The names… Read more
WSCAH Signs 15K SF in Washington Heights
West Side Campaign Against Hunger (WSCAH), a nonprofit dedicated to alleviating hunger in New York, has signed a 20-year lease… Read more
Slate Lends $59M Refi to Ohana for BK Hotel
Slate Real Estate Capital, the private credit arm of Slate Asset Management, has closed a $59 million senior loan facility… Read more
Kering Scoops Fifth Avenue Retail Property for Near $1B
Kering has acquired a 115,000-square-foot, three-level retail space at 715-717 Fifth Ave., at East 56th Street on Fifth Avenue, for… Read more
RW Dake Acquires Baltimore Warehouse for $8M
RW Dake Construction, a New York-based company, has acquired a 51,448-square-foot warehouse at 10331 S. Dolfield Road in Baltimore County’s… Read more
Two MF Sites in BK Sold for $7M
Two multifamily development sites in Brooklyn were sold for $7 million. The properties, located at 962 and 976 Bushwick Ave.,… Read more
Manhattan Avg Resi Rental Price Down 1.6%
Manhattan’s average rental price declined by 1.56% to $4,617 in the last month of 2023, according to MNS’ NYC rental reports.… Read more
Mulligan Security Expands Midtown Lease with Feil
The Feil Organization has announced that Mulligan Security, a private security and fire safety contractor, has renewed its lease for… Read more
Lancewood Provides $22M for UES Condo
Greenwich-based family office Lancewood Capital has provided a $21.5 million condo inventory loan for a newly developed condo building at… Read more
RXR, Ares Launch $1B Fund to Buy Distressed Manhattan Office
RXR Realty and Ares Management are partnering on a $1-billion fund to acquire distressed Manhattan office properties, the Financial Times… Read more
Underwriting Metrics Improve for Prime Multifamily
Prime multifamily metrics continued increasing in the fourth quarter of 2023, CBRE said Friday. Unlevered IRR targets, going-in cap rates… Read more
Feil Lands $24M Refi for Elmont Home Depot Shopping Center
The Feil Organization has secured a $23.5 million refinancing for Home Depot Shopping Center in Elmont, NY, from Principal Asset… Read more
Portal Warehousing Expands to Brooklyn
Portal Warehousing has opened a new location in Sunset Park, Brooklyn, at The Whale. The Sunset Park location offers 60… Read more
Demand for Industrial – Multi-Story Industrial, That Is
Mention the words “large industrial property,” and the image that comes to mind is of a sprawling facility that takes… Read more
Three Retail Tenants Renew Downtown Leases with Durst
The Durst Organization has renewed leases for three retail tenants at Historic Front Street in Lower Manhattan. The Dermatology Specialists… Read more
L&L Appoints Jonathan Tootell EVP of Leasing
L&L Holding Company has named Jonathan Tootell as executive vice president of Leasing, overseeing the leasing efforts across the firm’s… Read more
Skanska to Upgrade Subway Escalators
Skanska has been awarded a contract by the Metropolitan Transportation Authority (MTA) to replace 21 existing escalators across various subway… Read more