New York
DC Coworking Spaces Drops 4% in Q3
In the third quarter of 2023, the number of coworking spaces in the U.S. remained relatively stable, with only a… Read more
It’s Time to Nominate Standout Commercial Real Estate Attorneys
End-of-day on Friday, Oct. 27 is the deadline for submitting nominations for Connect CRE’s fourth annual Lawyers in Real Estate Awards. We believe there are… Read more
$65M Cold Storage Facility Could Be Headed for Lockhart
One of the nation’s most prominent developers is behind an effort to build a $65 million cold storage facility in… Read more
Commentary: Accelerating Economic Slowdown Likely
In an economic commentary by John Beuerlein, chief economist at the Pohlad Companies (Northmarq’s parent company), data released in August… Read more
Cablevision Lightpath Inks Full-Floor Lease at 535 Fifth Ave
The Moinian Group’s 535 Fifth Avenue property in Midtown is now 90 percent leased, with Altice USA securing the entire… Read more
575 Madison Avenue Adds Four Leases Totaling 25K-SF
575 Madison Avenue, an office property in Midtown, has added four new office leases totaling 25,000 square feet. The property… Read more
Ivanhoé Cambridge Expands to NYC with New Hire
Montreal–based Ivanhoé Cambridge is expanding its business presence to New York City, focusing on accelerating value creation within its U.S.… Read more
Freedom Plaza to Add 513 Units of Affordable Housing
Soloviev Group is including 513 permanently affordable housing units in its proposed Freedom Plaza mixed-use development and public open space… Read more
Return to Lender: Week of Oct. 19, 2023
Hear from the leaders in loan advisory and special servicing during a panel on distressed assets at Connect Investment & Finance… Read more
EJS Group Lands $113M Loan for UES Condo
EJS Group, a New York-based real estate development company, has secured a $112.5 million construction loan from Bank OZK for… Read more
SCALE Lending Provides $142M for Queens Apartment Building
SCALE Lending, the debt financing arm of Slate Property Group, has closed a $142 million floating-rate loan for the final… Read more
Club Pilates Inks New Midtown East Location
Jack Resnick & Sons has secured a 10-year, 3,500-square-foot lease with Club Pilates, which has opened on the ground floor… Read more
Longpoint Closes $940M Institutional Fund
Boston’s Longpoint has closed its third institutional fund, Longpoint Fund III, L.P. (Fund III), with commitments of approximately $940 million,… Read more
Luxury Audio Brand Bang & Olufsen Inks Midtown Lease
High-end Danish electronics manufacturer Bang & Olufsen has signed a 10-year, 1,557-square-foot retail lease at 540 Madison Avenue, relocating from… Read more
GFP Refis Spingler Building for $24M
GFP Real Estate has successfully closed a $24 million loan for the refinancing of 5-9 Union Square West, an eight-story,… Read more
Weill Cornell to Expand in UES
Weill Cornell Medicine is embarking on the construction of a modern student residence on the Upper East Side, nearly doubling… Read more
Trinity Capital Spins Off Charlotte-Area Logistics Park
Trinity Capital Advisors has sold Interchange Logistics Park, a 224,979-square-foot industrial building in Huntersville, to Clarion Partners. The building was… Read more
Quebec’s Logistec Sold for $1.2B
Quebec bulk-goods-terminal company Logistec is being sold to U.S. investment firms Blue Wolf Capital Partners and Stonepeak for $1.2 billion.… Read more
KeyBank Secures $41M for Beacon Affordable MF Housing
KeyBank Community Development Lending and Investment has facilitated a financing package for the acquisition and rehabilitation of Tompkins Terrace, an… Read more