New York
Innovo Commits $250K to Support Queens Community House
Innovo Property Group (IPG) has committed $250,000 to support the overarching mission and ongoing initiatives of Queens Community House. The largest… Read more
NY City Council Approves Plans for Supertall to Replace Hyatt Near Grand Central
RXR Realty and TF Cornerstone’s plans for a 1,575-foot-tall tower in Midtown Manhattan, which would be among the city’s tallest, were recently… Read more
Adams Signs Quartet of Tenants Near Bryant Park
Adams & Co. has signed four new office tenants at 110 W. 40th St. The leases total 7,122 square feet and range from five to seven-year leases. The… Read more
Chicago Imposes Vaccine Requirement for Indoor Restaurants, Entertainment Venues
The Lightfoot administration on Tuesday said that patrons of indoor restaurants, gyms and indoor entertainment venues serving food and beverage to… Read more
Seagis Adds to NYC Portfolio with Bronx Warehouse Buy
Seagis Property Group has acquired a 19,100-square-foot industrial building with an adjoining 10,300-square-foot parking lot. The property is located at 2500… Read more
JLL Handles Williamsburg Sale for Greystar
JLL Capital Markets closed the $116.2-million sale of 247N7, a 169-unit, 151,766-square-foot, two-building rental property at 247 N. 7th St. in Brooklyn’s Williamsburg neighborhood. The… Read more
BEB Capital, Rockpoint Target Northeast Industrial with JV
BEB Capital has launched a programmatic joint venture with private equity firm Rockpoint Group. The JV will target an investment pipeline of… Read more
Longfellow Enters NYC Life Sciences Market with LIC Deal
Longfellow Real Estate Partners, in partnership with Sculptor Real Estate, has acquired 43-10 23rd St. (43TEN) in Long Island City, marking the developer’s debut… Read more
Hollister Looks to Income Gains, Value Appreciation Under New Ownership
Hollister Apartments, a 156-unit multifamily garden-style community in the Dickinson suburb of Southeast Houston, recently sold for an undisclosed purchase… Read more
Douglas Development Sells Two DC Hotels for Combined $152M
Douglas Development has closed on the sale of two hotels in Washington, DC to Dauntless Capital Partners for a combined… Read more
L&L Secures $911M Financing on Plaza District Tower
L&L Holding Company has completed $911.4 million in financing for 425 Park Ave., its 47-story office tower nearing completion in Midtown Manhattan’s Plaza District. The finance package, obtained through a consortium of lenders led by Blackstone… Read more
BXP Snags 360 Park Ave. South for Redevelopment
Boston Properties, Inc. (BXP) completed the acquisition of 360 Park Ave. South, a 450,000 square-foot, 20-story office property in Midtown… Read more
Maternity Apparel Retailer Opens Concept Stores in Chicago, NYC
A Pea in the Pod, a designer and specialty retailer of luxe maternity apparel and accessories, is returning to brick-and-mortar retail by opening two new… Read more
Madison International Appoints 18-Year Company Veteran as CIO
Madison International Realty has appointed Carey Flaherty as CIO, overseeing the firm‘s Americas, UK and European investment activities. Flaherty, who joined Madison in 2003 and was named co-CIO in 2017, will continue to be based in Madison’s headquarters in Midtown Manhattan. “Carey has been with Madison for 18 years, has grown with the firm and continues to build… Read more
Fetner Properties Closes on Upper West Side Mixed-Use
Fetner Properties closed on 270 W. 96th St., a 23-story mixed use building, which will bring a total of 171 market-rate and affordable apartments… Read more
Cove/Baupost Partnership Trades Hudson Commons for $1B-Plus
Cove Property Group and The Baupost Group have sold the redeveloped 441 Ninth Ave. in Midtown Manhattan, now known as Hudson Commons,… Read more
Magnolia Heights Attracts Investors Seeking Trophy Asset in Coveted Alamo Heights
Magnolia Heights, a 149-unit mid-rise trophy multifamily property in Alamo Heights, a suburb of San Antonio, recently sold to a… Read more
NAI Legacy Completes Syndication of $43M DST Portfolio
NAI Legacy has fully subscribed the $42.5-million Essential Net Leased Midwest DST offering. As a sponsor of the DST, Minneapolis-based NAI Legacy helped 50 1031 Exchange investors from 18 states:… Read more
GFP, Northwind Close on Sale of Redeveloped 100 Pearl St.
GFP Real Estate and Northwind Group closed on the sale of 100 Pearl St. in Lower Manhattan’s Financial District to Germany-based Commerz Real. The… Read more