New York
97-Unit Harlem MF Development Breaks Ground
The Davis Companies recently broke ground on a luxury rental building at 1975 Madison Avenue in Central Harlem, NY. … Read more
CPC and Related Take Stake in Signature Bank Rent-Regulated Loans
The FDIC said Friday it had awarded a 5% equity interest in $5.8 billion of Signature Bank multifamily loans in… Read more
Examining Current and Future R&D/Lab Space Trends
Life sciences/research and development real estate experienced a reset in 2023, according to JLL. Still, demand will likely rebound in… Read more
Cities and Their Extreme Weather Responses
Anyone paying attention to the news or even looking out their window knows that extreme weather events are becoming the… Read more
Blackstone Affiliate Wins Bid for Signature Bank CRE Loans
(Updated with additional information) The Federal Deposit Insurance Corporation, as receiver of the failed Signature Bridge Bank, N.A. (FDIC–Receiver), said… Read more
CORFAC International Adds New Affiliate Firms to Company’s Network
CORFAC International, a global network for independently owned commercial real estate firms, saw membership grow by nine firms in 2023,… Read more
EJS Group, Hope Street Capital Secure $108M for BK Resi Project
EJS Group and Hope Street Capital have secured a $108.15 million construction financing package for their residential project at 12… Read more
Former NYC Playboy Club Sets for Auction
Hugh Hefner’s Former New York Playboy Club in the Plaza District will be sold at a foreclosure auction on January… Read more
West Village Townhouse Lands $12M Refi
Northmarq recently arranged a $12.3 million refinance for a three-story townhouse at 52 Charles St in West Village. The property,… Read more
Port Chester Retail Center Adds Two Tenants
Simone Development Companies has leased all available space at the Post Road Plaza in Port Chester, NY, securing two new… Read more
Fintech Valon Technologies to Move to Midtown South
Valon Technologies, a private equity-backed fintech company, has secured a full-floor office space spanning 13,815 square feet at 860 Broadway… Read more
Everlast Relocates HQ to Nomad
Everlast, a manufacturer of boxing, MMA and fitness equipment, has relocated to NoMad’s 13-15 West 27th Street, marking the site… Read more
CMBS Special Servicing Posts Modest Uptick in November
The Trepp CMBS Special Servicing Rate increased by four basis points in November, rising to 6.84%, the analytics firm reported.… Read more
Noble Buys Discounted Nashville Hotel
Noble Investment Group bought the Holiday Inn Express hotel in Nashville for $81.76 million; a significant loss for the seller,… Read more
Largest Single-Story Warehouse in NYC Available for Lease
Cushman & Wakefield has taken on the exclusive lease marketing of 1340 Viele Avenue, a 290,000-square-foot warehouse in the Bronx… Read more
Washington Heights MF Property Sold for $6M
A five-story multifamily building apartment in Washington Heights has been sold for $6 million. Located at 35 Thayer St, the… Read more
Hutchinson Metro Center Adds 10K-SF New Leases in the Bronx
Simone Development Companies has signed two new long-term leases totaling 10,300 square feet of medical and office space at the… Read more
SAJ Signs Lease with Calvary Baptist Church to Share UWS Synagogue
SAJ, a synagogue on the Upper West Side, has signed a 2.25-year lease agreement with Calvary Baptist Church. The collaboration… Read more