New York
BGO Acquires Fontana Warehouse for $127M
New York and Canada-based investment firm BentallGreenOak (BGO) has purchased a 381,000-square-foot Fontana, CA Warehouse for $127 million. According to… Read more
New York’s Piermont Bank Expands into SoCal CRE Market
New York-based digital bank Piermont Bank has announced the firm is expanding its commercial real estate businesses into Southern California.… Read more
CBRE Hotels Capital Markets Institutional Group Arranges $514M Sale of 65-Hotel Portfolio
Atlanta, GA-based CBRE Hotels Capital Markets Institutional Group has arranged the sale of a 65-property, 7,865-key hotel portfolio located across… Read more
Service Properties Trust Sells 65-Property Sonesta Hotel Portfolio for $514M
Newton, MA-based Service Properties Trust has sold a 65-property, 7,865-key hotel portfolio located across 27 states for a total consideration… Read more
Piedmont REIT Launches Capital Improvements at Financial District Office Tower
Piedmont Office Realty Trust has launched a significant capital improvement program at its 60 Broad St. building in New York’s… Read more
Korean Restaurant Concept Coming to ATCO’s 630 Third Ave.
ATCO Properties & Management has finalized a 10.5-year, 1,787-square-foot lease for Ongi Korean grill, a new concept by Red Poke, at 630… Read more
Ashkenazy Refis Chatham Retail Condo on Upper East Side
Ashkenazy Acquisition Corporation, a private real estate investment firm, today announced a year-end refinancing of $20.6 million for the Chatham… Read more
JRM Construction Completes St. Francis College Buildout for Tishman Speyer in Brooklyn
JRM Construction Management has completed the new St. Francis College campus, spanning the lobby and floors 5 through 7 of… Read more
Woodmont, EverWest Partner on South Brunswick Industrial Expansion
Woodmont Industrial Partners and EverWest Real Estate Investors have partnered to launch construction at 461 Ridge Rd., an existing 145,000-square-foot industrial… Read more
Manhattan Retail Leasing Improved in 2022, Yet Challenges Remain
Manhattan’s retail market improved during 2022 along all major metrics compared to the prior year, CBRE reported. The rebound in… Read more
SRS Real Estate Promotes Britt Raymond to Managing Director in NYC
SRS Real Estate Partners has promoted Britt Raymond to managing director and market leader for the New York Capital Markets… Read more
JEMB Realty Adds Two Tenants at Brooklyn’s 1 Willoughby Square
JEMB Realty Corporation, a family-run real estate development, investment and management firm based in New York City, has secured two… Read more
NYC Apartment Rentals See Mix of Ups and Downs in December
New York City’s apartment rental market fared better than the national average in December, according to the monthly report from… Read more
Dwight Capital Provides $45M Financing for Fresno Apartments
New York-based commercial real estate finance company Dwight Capital has provided a $45 million, HUD 223(f), 35-year fixed-rate loan for… Read more
Hersha Hospitality Trust Lets Go of Courtyard Boston South Boston Hotel
Hersha Hospitality Trust has sold the Courtyard Boston South Boston, a 164-key select-service hotel in Boston, MA. Alan Suzuki and… Read more
Family Activity Center to Occupy 40K SF at 30 Broad St.
Colliers arranged a 40,000-square-foot lease for CompletePlayground, a first-of-its-kind nonprofit family activity center that offers programming for all children, including kids… Read more
Savanna Signs Two New Tenants to 19 W. 44th St.
Savanna, a New York City-based real estate investment manager, owner/operator and developer, has secured two new leases totaling 8,556 square… Read more
NYCHA, Partners Will Bring Three Northern Manhattan Properties Under Private Management
New York City Housing Authority (NYCHA) closed on the financing of a $137.6-million Permanent Affordability Commitment Together (PACT) project that… Read more
Brooklyn Office Market Has Big Fourth Quarter
Brooklyn office leasing activity saw a 91% quarterly increase with 404,000 square feet in the fourth quarter of 2022, a… Read more