New York
ACRES Capital Lends on Fulton Market Mixed-Use
ACRES Capital Corp. has originated a $30.5-million loan to fund the acquisition and pre-development of 1200 W. Fulton St. in the Fulton… Read more
Square Mile Closes on Loan for Chelsea Multifamily
Square Mile Capital Management LLC closed on a $55-million loan secured by 517 W. 29th St., a 60-unit multifamily asset… Read more
Luxury Clothier Sets Up Shop at Resnick’s 485 Madison
Jack Resnick & Sons has signed luxury clothing boutique Workshop to open a new location at 485 Madison Avenue, its 25-story office… Read more
OPEN Impact Arranges Leasehold for Bronx Charter School
OPEN Impact Real Estate LLC represented Seton Education Partners in a 73,000-square-foot transaction for the ground-up construction of a new,… Read more
Brooklyn Investment Sales Rebound in 2021
Brooklyn’s total investment sales transactions and dollar volume in 2021 increased over 2020 and pre-pandemic levels, recording $6.1 billion in sales over 1,198 transactions, TerraCRG reported. That’s compared… Read more
Manhattan Office Tenants Expect 50% Occupancy by End of Q1
Sixty-one percent of office-using New York City employers expect average daily attendance in their Manhattan offices will exceed 50% by… Read more
Navika Group, Blue Sky Acquire Wall Street Hotel
Navika Group of Companies and Blue Sky Hospitality Solutions (BSHS) Management Company have acquired Andaz Wall Street, which has rebranded to Hyatt… Read more
Rosewood Enters Correspondent Relationship with Greystone
Investment sales brokerage Rosewood Realty Group has entered into a correspondent relationship with Greystone. This new relationship enables Rosewood to provide its clients with… Read more
S3 Capital Provides $105M for Mott Haven Development
S3 Capital Partners has provided a $105-million loan to Jacob Schwimmer’s JCS Realty for the development of 138 Bruckner Blvd.,… Read more
BFC Closes on $151m Staten Island Mixed-Use
BFC Partners has closed on its latest project on Staten Island. 475 Bay Street, a 250,173-square-foot development, will be the first… Read more
Hochul Proposes $25B Statewide Housing Plan
As part of her Fiscal Year 2023 Executive Budget, New York Gov. Kathy Hochul proposed a $25-billion, five-year Housing Plan. The plan seeks to… Read more
Construction is Now Underway on Pair of Additions for Lower Heights
Gulf Coast Commercial Group is embarking on the second phase of Lower Heights. Fronting Interstate 10 between Studemont and Sawyer… Read more
KPG, LaSalle Close on SoHo Deal with Vornado
KPGFunds.com and LaSalle Global Partner Solutions closed on the acquisition of 480 Broadway and 155 Spring St. in SoHo from Vornado Realty Trust. Although deal… Read more
Russell Investments Inks Lease at Fifth Avenue Tower
Cushman & Wakefield arranged a long-term lease for Russell Investments at Beacon Capital Partners and MetLife’s 575 Fifth Ave. The… Read more
Urban Umbrella Completes Venture Debt Funding Round
Scaffolding alternative Urban Umbrella has raised $6.5 million in venture debt. The round was led by New York-based Anthos Properties, a commercial and… Read more
B6 Finalizes Sale of Midwood Warehouse Duo
B6 Real Estate Advisors has completed the sale of 1490 & 1497 McDonald Ave., two single-story warehouses totaling 35,250 square feet in Brooklyn’s Midwood neighborhood, for $17 million. The… Read more
Federal Realty Maps Out Huntington Retail Redevelopment
Federal Realty Investment Trust will launch a complete redevelopment of Huntington Shopping Center in Huntington Station, NY on Long Island, including the addition… Read more
Manhattan Retail Leasing Gains, but Rents Continue Decline
The Manhattan retail market showed signs of improvement in the fourth quarter of 2021, CBRE reported, notwithstanding supply-chain disruptions and… Read more
One World Trade Adds 11th Broadcaster to Tenant Roster
WMBC-TV has signed a 10-year lease to relocate from Montclair, NJ to One World Trade Center. The independent station will… Read more