New York
Skanska Completes Renovation of Penn Station LIRR
Skanska has announced the completion of the $414 million renovation of Pennsylvania Station’s Long Island Rail Road (LIRR) Concourse. The… Read more
Brooklyn New Lidl Store Secures $62M Construction Loan
Invictus Real Estate Partners has closed a $62.25 million construction loan for a mixed-use development project in Brooklyn’s Prospect Lefferts… Read more
Chelsea Piers Fitness Inks 72K-SF Lease at LIC Residential Tower
Chelsea Piers Fitness (CPF) has signed a long-term lease to anchor a new residential tower at 24-11 Jackson Avenue in… Read more
Manhattan Q2 Office Market: Scuffling with Record High Availability
Manhattan’s office leasing activity in the second quarter, while higher than the previous one, remained tepid and below historical levels.… Read more
Miznon, Poke Bowl Sign New Leases at 1410 Broadway
LH Charney has announced three new lease agreements at 1410 Broadway in Times Square, totaling over 7,000 square feet. Miznon,… Read more
West Village Condo Lands $144M Construction Loan
Apollo has provided a $114 million construction loan for the development of 140 Jane Street in the West Village. The… Read more
Denver Office Tower Values in Freefall
It’s the second major Denver office high-rise to see a precipitous drop in value. The Denver Business Journal reported the… Read more
RE Finance Veteran Michael Weinberger Joins Law Firm Gibson Dunn
Gibson, Dunn & Crutcher LLP has announced that Michael Weinberger will be joining the firm’s New York office as a… Read more
Over 25K-SF Office Leases Signed at The Paramount Building in Times Square
Over 25,000 square feet of office leases have been signed at the Paramount Building in New York. The leasing activity… Read more
Tishman Speyer to Build Second All-Affordable Residential Building in Far Rockaway
Tishman Speyer’s TS Communities has announced that construction will begin in July on a 13-story, 100% affordable apartment building at… Read more
103-Unit Queens Apartment Portfolio Sold for $15M
Marcus & Millichap has announced the sale of a 103-unit apartment portfolio in Queens. The portfolio was sold for $14.5… Read more
Chicago Leads Large Cities in Construction Cost Increases
Construction costs are rising faster in Chicago than they are in other big metropolitan areas, but slower than they were… Read more
Manhattan Office Leasing Market Remains Subdued
Manhattan office leasing market remains subdued, resulting in a historic volume of direct space availability of 70.3 million square feet,… Read more
164 Mott Haven Affordable Apartments to Open for Lottery
The Domain Companies has announced that the housing lottery for 164 affordable apartments at Estela, a rental development in Mott… Read more
BHI Provides $65M Construction Loan for Astoria Mixed-Use Development
BHI, a commercial bank, has provided a construction loan of $65.34 million to NuVerse Advisors for the development of 30-55… Read more
Kushner Cos Sells Soho Apartment Property for $12M
Midtown Manhattan-based real estate investment firm Kushner Cos has sold a 25-unit apartment property in Soho for $12.05 million. The… Read more
Thayer Street Partners Closes $275M Fund II
Thayer Street Partners Management, a private investment firm based in New York, has successfully closed its Thayer Street Partners Opportunity… Read more
CBRE Facilitates Sale of Two South Florida Hotels
The Hyatt House and Hyatt Place in Dania Beach, FL, together totaling 292 keys, have been purchased from a New… Read more