New York
Rudder Property Group Launches Sales of Newly Built Office Condos
Rudder Property Group launched sales of the newly created office condominiums at 32 W. 39th St. have officially commenced, presenting… Read more
Skanska Completes Phase One of Massive Hunts Point Infrastructure Overhaul
Skanska and its joint venture partner, ECCO III Enterprises, Inc., have completed phase one of the New York State Department… Read more
Forest Hill Apartments Trade for First Time Since 1983
An entity tied to property manager Jordan Cooper LLC sold a 60-unit apartment building at 108-50 71st Avenue in Forest… Read more
Manhattan Condo and Co-op Prices Weather First Annual Decline Since Pandemic Began
The median sales price for Manhattan condo and co-op units slipped 5.5% year-over-year in the fourth quarter of 2022, according… Read more
Arbor Realty Trust Provides Fannie SARM Loan for Pangea Chicago Portfolio
Arbor Realty Trust, Inc. recently co-funded one of the largest Fannie Mae Structured Adjustable-Rate Mortgage (SARM) loans of 2022 in… Read more
Pembrook Lends on Recapitalization for Ohio Apartments
Pembrook Capital Management LLC, a leading multifamily bridge loan lender, provided a $28,150,000 first mortgage bridge loan to finance the… Read more
NYC REIT Plans to Change REIT Status, Look Beyond New York Office
New York City REIT, Inc. (NYC) intends to change its REIT election and become a taxable C corporation. NYC will… Read more
Cole Haan Renews Lease for Flagship Space at 30 Rock
RCS Real Estate Advisors recently completed a lease transaction for 7,000 square feet with Cole Haan at 30 Rockefeller Plaza… Read more
Rising Ground Sells Campus in Yonkers and the Bronx
OPEN Impact Real Estate LLC brokered the sale of Rising Ground’s 28-acre Leake & Watts campus in Yonkers and the… Read more
Thor Equities-Led Group Affirms Plan for Coney Island Casino Bid
Thor Equities, Saratoga Casino Holdings, The Chickasaw Nation and Legends jointly announced on Monday their plans to respond to New… Read more
URW Trades Shopping Centers in Connecticut, Long Island for $196M
Unibail-Rodamco-Westfield (URW) has completed the sale of Westfield Trumbull, located in Trumbull, CT, and Westfield South Shore, located in Long… Read more
Manhattan Office Leasing Reaches New Peak for Deals at Top-Tier Rents
2022 was the year of the premium office lease in Manhattan, according to JLL and CBRE. Both firms said deals… Read more
Twitter Reportedly Closing Seattle Office
Twitter’s downtown Seattle office in the Century Square tower will reportedly be shut down as the company faces eviction thanks… Read more
Riverside Luxury Homes Sales Plummet in 4th Quarter
Sale of expensive homes in the United States fell by a whopping 38% in the three months ending November 30th,… Read more
CMBS Loan Delinquencies Tick Upward for Third Consecutive Month
CMBS loans rated by Kroll Bond Rating Agency (KBRA) saw an eight-basis point increase in delinquencies during December 2022. The… Read more
GameChanger Signs on for Two Floors at Zero Irving
Real estate development firm RAL Development Services has signed a new office lease with GameChanger and its parent company, DICK’S… Read more
Meridian’s Team Doshi Sells Vacant Hell’s Kitchen Apartment Property
Meridian’s Amit Doshi and Shallini Mehra closed on the sale of 356 W, 48th St., a vacant five-story residential building in Midtown Manhattan’s Hell’s… Read more
Developers Acquire Leasehold on George Washington Bridge Bus Terminal Retail
Aurora Capital Associates and Bridges Development Group have acquired the retail leasehold interest in the GWB Market, the retail portion… Read more
Chain Retailers Have Diminished NYC Presence Compared to 2019
Despite a 0.3% increase in locations as of November, the number of chain stores in New York City was still… Read more