New York
Blackstone Buys Majority Stake in Out-of-Home Media Operator
Blackstone, through its funds managed by Blackstone Tactical Opportunities, has acquired a majority stake in New Tradition Media, an out-of-home… Read more
Innovo Property Group Lands $354M Recapitalization for LIC Industrial Project
Innovo Property Group (IPG), a real estate investment and operating company based in New York City, has secured $354 million… Read more
Denham Wolf Real Estate Services Hires Associate, Analyst
Denham Wolf Real Estate Services has hired Vanessa Melo as an Associate and Noah Trapolino as an Analyst. Melo… Read more
Brooklyn Mixed-Use Development Secures $500M Capitalization
A joint venture between Property Markets Group (PMG) and Carlyle has landed a $335 million construction loan and $165 million… Read more
CAVU Property Group Buys Brooklyn Development Site for $13M
CAVU Property Group has acquired a corner development site at 2251 Nostrand Avenue in Brooklyn for $12.8 million. The property,… Read more
Adler & Stachenfeld Launches Impact Investing Practice
Adler & Stachenfeld LLP (A&S) has launched an Impact Real Estate Practice to provide counsel on mission-driven and ESG-guided investments… Read more
Cain, Security Benefit to Buy $1.2B PacWest NY Portfolio
Cain International, in partnership with Security Benefit Life Insurance Company, has agreed to acquire a portfolio of real estate construction… Read more
Development Firm Faces Foreclosure at Pilsen Office Park Project
Condor Partners, a Chicago developer that transformed a pair of vacant warehouses in Pilsen into office space, is now facing… Read more
Bayport Funding Provides $4M for Ground-Up East Hampton Property
Bayport Funding, a direct portfolio lender, has provided a $3.6 million loan for the acquisition and construction of 8 Barnes… Read more
Gov. Hochul Rejects 421a Construction Extension, Good Cause Eviction Legislation
Lawmakers in New York were close to reaching an agreement on extending the 421a construction deadline and passing good cause… Read more
Downtown Office Building Adds Nine New Leases
Adams & Company, a Manhattan-based full-service real estate firm, has announced nine new leases totaling 15,715 square feet of space… Read more
Mori Hamada & Matsumoto Inks Long-Term Lease at 360 Madison
Mori Hamada & Matsumoto has signed a long-term lease agreement at 360 Madison Avenue in Midtown from Stawski Partners. The… Read more
Pentaurus Properties Buys Morristown Plaza for $21.5M
Silverman Group has sold Morristown Plaza, a two-building office complex in Morristown, New Jersey, to Pentaurus Properties for $21.5 million.… Read more
JLL Closes $80M Land Recapitalization, Equity Capitalization for Brooklyn Mixed-Use Development
JLL Capital Markets has closed an $80 million land recapitalization and arranged equity capitalization for the development of a mixed-use… Read more
Report: Increasing Office Sublet Space Could Add Challenges to Upcoming Maturities
The office sector continues to take a beating, as indicated by higher vacancies and flight to quality. Then there is… Read more
Appeals Court Rules Howard Hughes’ 250 Water Street to Move Forward
The New York State Supreme Court’s appellate division has overturned a previous ruling on the residential project at 250 Water… Read more
Rock Center Receives Fitwel Certification
Rockefeller Center has achieved the Fitwel Healthy Building Certification in partnership with Tishman Speyer. Initially developed by the U.S.… Read more
Upper West Side MF Townhouse Sold for $6M
A private family group has sold a seven-story townhouse in Manhattan’s West End Historic District to a private investor for… Read more
BHI Provides $29M Construction Financing for Queens Mixed-Use Development
BHI has provided a $29.25 million loan to ZDJ Jamaica LLC for the construction of a seven-story mixed-use development in… Read more