New York
Rosewood Realty’s Corbin Group Closes Sale of Stalled LIC Development Site
The Corbin Group at Rosewood Realty has delivered a Chapter 11 bankruptcy sale of a stalled construction development site in Long Island City,… Read more
NYS Comptroller: Wall Street Bonuses Decline 26% from Prior Year
Wall Street’s 2022 average bonus paid to securities employees dropped to $176,700, a 26% decline from the previous year’s $240,400,… Read more
Despite Everything, the U.S. is Still Considered a Safe Investment
The U.S. media continues putting rising interest rates and ongoing inflationary concerns in its headlines. Yet despite all of this,… Read more
Manhattan Mini Storage Repurposes Former Cinema on Upper East Side
Manhattan Mini Storage is expanding its reach on the Upper East Side with plans to repurpose the former CMX Cinema… Read more
TerraCRG Lists Mixed-Use Corner Building in Stuyvesant Heights
TerraCRG has been retained to sell 616 Halsey St., a mixed-use corner building in the Stuyvesant Heights section of Brooklyn’s… Read more
Class A Office Tours Spike in NYC as Space Demand Remains Stable Nationwide
Despite new office demand remaining relatively stable nationwide in recent months, trophy and Class A office spaces, particularly in New… Read more
FDIC Taps Newmark to Sell $60B of Signature Bank Loans
The FDIC has hired Newmark Group to sell about $60 billion of Signature Bank loans, the Wall Street Journal reported Wednesday. Signature collapsed… Read more
Schott NYC Relocates Retail Store to KPG Funds’ 32 Howard
KPG Funds and Intercontinental Real Estate Corporation have leased retail space at 32 Howard St. in SoHo (a/k/a HOWARDXCROSBY) to… Read more
City Innovations Collaborative Will Anchor Taystee Lab Building
The Janus Property Company’s Taystee Lab Building in West Harlem has been selected as the new home of the City… Read more
Restoration of Historic Jacob Riis Park Bathhouse Receives $48M Financing
CBSK Developers, Brooklyn Bazaar and Aulder Capital closed on $47.5 million in financing for the rehabilitation of the historic bathhouse… Read more
NYC Again Tops Global Ranking of Financial Centers
New York City once again leads the list of global financial centers, according to the 33rd edition of the semiannual… Read more
Swire Properties Names Senior Vice President, Development
Swire Properties Inc., the U.S. real estate subsidiary of global developer Swire Properties Limited, has hired Kevin Davenport as SVP,… Read more
Cortland Brings in Vornado Exec to Lead Debt Capital Markets
Cortland, a vertically integrated, multifamily real estate investment, development, and management company based in Atlanta, has appointed Jan LaChapelle EVP,… Read more
We’re Looking for More Rising Stars in Commercial Real Estate
Response to our call for nominations in Connect CRE’s seventh annual Next Generation Awards has been positive. However, we are… Read more
Real Estate Infrastructure Banker Joins Siebert Williams Shank
Siebert Williams Shank & Co. (SWS), a Lower Manhattan-based, woman- and minority-owned, non-bank financial firm, has hired Marvin Markus, a financial… Read more
Machine Learning Ad Agency Commits to Full Floor in NoMad
Seedtag Advertising US, LLC, a leading contextual advertising company that specializes in machine learning and artificial intelligences to global brands,… Read more
Marx Realty Signs Two Tenants to 10 Grand Central
Marx Realty has signed Lewis Baach and MetroWall to long-term leases totaling 11,000 square feet at 10 Grand Central in… Read more
Marcus & Millichap Seals Deal for Brooklyn Development Site
Marcus & Millichap completed the sale of 150 Lawrence St., a 19,437-square-foot mixed-use building on a 64.08-foot by 100 foot-lot… Read more
Walker & Dunlop Lines Up Financing for $146M College Point Logistics Development
Walker & Dunlop Capital Markets arranged $94 million in construction financing toward development of Wildflower Ltd.’s $146-million College Point Logistics Center,… Read more