New York
Adams Unveils Plan to Address Subway Safety Issues
New York City Mayor Eric Adams and New York Gov. Kathy Hochul on Friday released the Subway Safety Plan, addressing public… Read more
MRC Originates Construction Debt for Williamsburg MXU
Madison Realty Capital (MRC) recently originated a $45.8-million loan to Bruman Realty for the construction completion of a 55-unit mixed… Read more
Opportunity Funds Saw Investment Surge Ahead of Dec. 31 Deadline
Reported equity investment in qualified opportunity funds (QOFs) tracked by national accounting and consulting firm Novogradac increased by nearly $7… Read more
Sustainability Moves to the Front Burner
Cortex Sustainability Intelligence, headquartered in Nashville, has issued a report detailing “four pressing predictions for sustainability in commercial real estate… Read more
Jetty Receives Investment from Proptech Fund
Jetty, a financial services company offering multiple products for both renters and property manager, has received a multimillion-dollar investment from… Read more
Meridian’s Famularo Secures Times Square Lease for Sushi Chain
Fushimi Group, one of New York’s most well-known sushi restaurant chains, is slated to open its doors in Times Square… Read more
Enterprise Hires Urban Policy Veteran as Director
Enterprise Community Partners has hired Traci Sanders as director in its Chicago office. A Chicago native who joins the organization… Read more
New Market Tax Credit Funds Development of Bronx Charter School
The New York City Regional Center (NYCR) has closed a New Market Tax Credit (NMTC) transaction to assist with the… Read more
Slow Factory to Anchor Made in New York Campus
As part of the redevelopment of the Made in New York (MiNY) Campus at Bush Terminal in Brooklyn’s Sunset Park… Read more
Manhattan Leads in Share of 2021’s 100 Largest Office Leases
Manhattan once again led in share of the 100 largest U.S. office leases last year, CBRE reported. The borough accounted… Read more
Lee NYC Reps Ad Agency in SoHo Expansion
Lee & Associates NYC represented New Tradition Media, an agency that focuses on the development, marketing, and selling of outdoor… Read more
CIM Adds Two Tenants at 1440 Broadway
CIM Group secured two leases totaling 70,000 square feet at 1440 Broadway, a 25-story, 745,000-square-foot office building anchoring the corner… Read more
Appetite for Affordable, Development Sites Drives Bronx Momentum
The Bronx saw a continued recovery out of the pandemic in 2021 that was evident across all asset classes, Ariel… Read more
Glacier Equities Rolls Out Renovated Condos in Flushing
Glacier Equities is rolling out 62 fully renovated 62 condominium residences within Northern Lights, a pre-war, Tudor-style four-tower gated development… Read more
White Plains Sale is Westchester’s Biggest Single-Asset Office Deal Since 2010
Newmark arranged the $105-million sale and financing of White Plains Plaza in White Plains, NY. This transaction represents the largest… Read more
TPG RE Finance Trust Closes $1.1B CLO
TPG RE Finance Trust, Inc. (TRTX) has closed TRTX 2022-FL5, a $1.075-billion managed commercial real estate collateralized loan obligation. The… Read more
Stockbridge Hires David Park as Managing Director
David Park, most recently Senior Vice President for the National Pension Service of Korea (NPS) New York office, is the… Read more
Tribeca Project Lands $16M Inventory Loan
developer of the high-end luxury condominium project 100 Franklin St. in Tribeca’s East Historic District. USC’s loan refinanced Bank OZK’s… Read more
Midtown Offices Will Convert from Lease to Condo Format
Rudder Property Group (RPG) said Tuesday that 32 W. 39th St., a 16-story, 87,072 square-foot office building one block south of… Read more