New York
Meridian Team Handles Kips Bay Sale on Compressed Timeline
Meridian’s Amit Doshi, Shallini Mehra and David Schechtman closed on the sale of 212 E. 29th St., a five-story, mixed-use walkup in Manhattan’s Kips Bay neighborhood. The property sold… Read more
Rudin Management Taps First-Ever Chief Legal Officer
Andrew Migdon has officially assumed the role of EVP and the first-ever chief legal officer at Rudin Management Company. In the newly created position, he will be responsible for the legal affairs… Read more
Rockledge Partnership Acquires Washington Heights Trio
In partnership with Peter Hungerford of PH Realty Capital and Yoni Leifer of L3C Capital Partners, David Kaye and Joe Listhaus of Rockledge… Read more
New York Life Furnishes Long-Term Loans on Rahway Apartments
JLL Capital Markets arranged an undisclosed amount of financing for two luxury, mid-rise multi-housing properties totaling 335 units in the northern… Read more
Manhattan Powers Ahead in Return-to-Office Rate
Manhattan office visitor volumes continued an upward trajectory in the fourth quarter, with Manhattan ranking #2 among U.S. gateway cities, second… Read more
CMBS Delinquencies Increase for First Time Since Mid-2020
Two contradictory views of CMBS performance during December 2021 came from Trepp and Fitch Ratings late last week. Trepp said… Read more
Sponsorship and Core Industrial Assets Attract Lender Capital
Refinancing of $115 million was recently secured for a six-property fully leased class-A industrial portfolio totaling 1.6 million square feet.… Read more
Omicron Surge Creates Stumbling Block for Retail’s Foot Traffic Recovery
In a case of two or three steps forward and one step back, the surge of the Omicron variant has impeded the recovery… Read more
Signature Bank Supersizes Office Footprint at 1400 Broadway
New York-based commercial bank Signature Bank has more than doubled its current office space at Empire State Realty Trust’s 1400 Broadway. The… Read more
LIHC Partnership Acquires East Harlem Affordable Complex
LIHC Investment Group, Camber Property Group and Settlement Housing Fund closed on the $85-million acquisition of Lexington Court in East Harlem,… Read more
Phipps Houses Lines Up Financing for Far Rockaway Project’s Fourth Phase
Phipps Houses closed on $116 million in construction financing for the fourth phase of Rockaway Village, an affordable housing project in Far Rockaway,… Read more
Meridian Arranges Financing for Cammeby’s Buy in Piscataway
Meridian Capital Group arranged $115.3 million in acquisition financing for Royal Garden Apartments, a 550-unit multifamily property located in Piscataway, NJ, on behalf of Cammeby’s International. The… Read more
Birch Group Closes LI’s Largest Office Deal in Years
In what it calls Long Island’s largest office deal of the past decade, The Birch Group has acquired 1 and 2… Read more
Within a Week of Listing, Team Receives Several Offers
A fully leased industrial asset comprising four buildings totaling 110,679 square feet recently sold in the Deer Valley submarket of… Read more
CBRE Facilitates Portfolio Sale of Seven Multifams in St. Petersburg
CBRE has arranged the sale of the Sabal Palm Portfolio, a seven-property, 127-unit multifamily portfolio in St. Petersburg, FL. The… Read more
GMF Capital Pays $103M for Newly Constructed Apartment Building in Hollywood
GMF Capital has purchased Hollywood East, a 15-story, newly constructed apartment building with 247 units in Hollywood, FL for $102.5… Read more
Extell Tops 100-Unit Sales Mark at Two Resi Towers in 2021
Extell Development Company said Wednesday that two of its largest residential developments, One Manhattan Square on Manhattan’s Lower East Side and Brooklyn Point in… Read more
ABS Unveils Reimagined LX57 Offices
ABS Partners Real Estate unveiled its $50-million reimagining of LX57, a 110,000-square-foot office building at 695 Lexington Ave. in the Plaza District. The… Read more
Gowanus Parcel Trades for $102M, Will Yield 660 Apartments
TerraCRG closed on the $102-million sale of one of the largest development sites in Brooklyn. 300 Nevins St. is in the newly rezoned Gowanus… Read more