New York
Surging Demand for Low Carbon Offices
There’s a looming shortage of high-quality, low-carbon office space in major U.S. markets, expected to exceed supply by 75% by… Read more
iBorrow Provides $5M for Medford Industrial Facility
iBorrow, a nationwide private direct lender for commercial real estate, has closed a $5.14 million loan to finance the acquisition… Read more
Urban Renaissance Unveils Plans to Turn Lloyd Center Into Mixed-Use Neighborhood
The owners of Lloyd Center, Portland’s oldest mall, Urban Renaissance Group and KKR Real Estate Finance Trust, unveiled their conceptual… Read more
Jay Group Secures $92M on Inwood Resi Tower
The Jay Group has secured $92 million in construction financing for its upcoming multifamily development in Inwood, northern Manhattan. BHI… Read more
HK Organization Sells Morrisania MF Building for $3 Million
The HK Organization, a Brooklyn-based real estate owner and developer, has sold a 31-unit multifamily building and an adjoining buildable… Read more
Mayor Adams Introduces Zoning Changes to Boost Housing Supply
New York City Mayor Eric Adams has unveiled a sweeping set of residential zoning changes aimed at addressing the city’s… Read more
New Public Health Laboratory in Harlem Tops Off
New York City’s Economic Development Corporation, the Department of Health and Mental Hygiene, along with Skanska, celebrated the topping-off ceremony… Read more
The Feasibility of Brown Office to Green Multifamily
Plenty has been discussed and written about on the topic of office-to-multifamily conversions. Plenty has also been discussed about the… Read more
Return to Lender: Week of Sept. 21, 2023
As part of our expanded coverage of distressed assets, Connect CRE is introducing a new weekly feature, “Return to Lender.”… Read more
Long Island Tops NYC to Host ’24 World Club Cricket Cup
New York City’s bid to host the 2024 World Club Cricket Cup has been defeated, with Nassau County’s Eisenhower Park… Read more
Lacoste Leases Midtown Penthouse for Flagship Office
Lacoste USA has signed an 18,364-square-foot penthouse office space at 136 Madison Avenue in Midtown with Williams Equities. The location… Read more
Washington Heights MF Building Sold for $7M
Barberry Rose Management, a property management firm based on Long Island, has sold a 32-unit multifamily building in Washington Heights,… Read more
Queens New Residential Project Breaks Ground
New Empire Corp, in partnership with Tang Studio Architect, has broke ground on its new residential project at 58-01 Queens… Read more
Cresa Acquires Detroit’s Axiom Advisory Group
Cresa has acquired Axiom Advisory Group, a Detroit-based commercial real estate firm specializing in global corporate real estate portfolio management.… Read more
SIORs on Industrial’s Challenges: Costs and Availabilities
For both industrial real estate owners and tenants, managing costs is top of mind in the current market, while for… Read more
Over 550 NY Office Buildings Fit for Conversion
Researchers from Columbia University and New York University have identified more than 550 office buildings in New York City that… Read more
Bridgeton Holdings Lands $60M Refi for Walker Hotel TriBeCa
Bridgeton Holdings has secured a $60 million loan for the refinancing of the Walker Hotel TriBeCa, a 171-key lifestyle boutique… Read more
duotone audio Extends Lease at 200 Varick St
duotone audio group, a bespoke music and sound production company, has signed a three-year lease extension for 4,633 square feet… Read more