New York
A&E Acquires Second Sutton Place Apartment Tower
A&E Real Estate has acquired 400 E. 57th St., a 19-story, 263-unit multifamily building in Manhattan’s Sutton Place neighborhood, for an undisclosed sum. This is A&E’s second recent… Read more
Hospital for Special Surgery to Anchor Extell MOB Project
Extell Development Company will develop what it calls the first prime Class A medical office building on Manhattan’s Upper East… Read more
Childrenswear Shopping Service Opts for Industry City Headquarters
The Collective Child, a member-based luxury personalized shopping service for children’s fashion, has joined the tenant roster at Industry City in… Read more
Ron Burkle Snags American Stock Exchange Building for Reported $155M
(Updated with additional information) Ron Burkle’s Yucaipa Partners has acquired the former headquarters of the American Stock Exchange at 86 Trinity… Read more
Meridian Arranges $45M Refi on Class-A Tempe Multifamily
Meridian Capital Group arranged $45 million in financing to refinance Hudson on Farmer, a Class-A multifamily property in Tempe, AZ. The 24-month… Read more
CMBS Disposition Activity Trails Off in September
CMBS disposition activity dropped off in September with approximately $389.77 million across 14 loans resolved with more than $229.23 million in… Read more
Hyatt Regency Waikiki Beach Finds $450M in Refinancing
A whopping $450 million in refinancing was recently arranged for the Hyatt Regency Waikiki Beach Resort & Spa, a 1,230-key… Read more
Pink Stone Will Partner with Grubb Properties on FiDi Mixed-Use
Pink Stone Capital Group has sold a development site at 111 Washington St. in Manhattan’s Financial District to a newly formed partnership with Grubb Properties for $89… Read more
Venture Capital Firm Leases 25K SF at Seven Penn Plaza
SOSV, a venture capital firm that runs the IndieBio development program for early-stage startups in the rapidly growing life sciences sector, has signed a… Read more
Development Team Cuts Ribbon on South Bronx Affordable
Property Resources Corporation (PRC) and Camber Property Group on Friday co-hosted a ribbon cutting ceremony for the Tiffany Street Apartments at 975 Tiffany St.in… Read more
SKAPC Tapped for Master Plan on Upgrades at Union City Luxury Rentals
Steven Kratchman Architect PC (SKAPC) has been appointed by the board of directors of Troy Towers, a 22-story residential building at 380 Mountain… Read more
Ackman, Georgetown Seek $630M for Far West Side Offices
Bill Ackman and co-owner The Georgetown Company are seeking roughly $630 million for 787 Eleventh Ave. on Manhattan’s Far West Side, Bloomberg News reported. They’ve hired Cushman & Wakefield to market the 10-story, fully… Read more
Flex Office Sector Emerges from Downturn with a Bright Outlook
Although many doubted the sector’s viability at the height of lockdown orders last year, the flex-office industry has emerged from… Read more
Chelsea Piers Fitness Signs Lease as Flagship Retail for One Madison Ave.
SL Green Realty Corp. signed Chelsea Piers to a 55,780-square-foot, 20-year lease as the flagship retail tenant at One Madison Ave., its 1.4-million-square-foot office development in… Read more
Outerstuff Re-Ups for 10 More Years in Fashion District
Cresa VP Simeon Weber arranged another 10-year lease for Outerstuff at 1412 Broadway, comprising 50,500 square feet on three floors of the Fashion District building… Read more
Northern Manhattan Apartment Portfolio Fetches $190M
AIR Communities is selling an 11-building multifamily portfolio for $190 million, according to a source familiar with the transaction. HUBB NYC will be purchasing the… Read more
Ripco’s Preuss Leads Marketing for Three Brooklyn Properties
Ripco Real Estate is marketing more than $26 million of property listings throughout Brooklyn. Leading the transactions on behalf of RIPCO… Read more
Trammell Crow Residential, Marcus Team on First NY State Project
Trammell Crow Residential has partnered with Boston-based Marcus Partners to develop Alexan Harrison, a 450-unit luxury multifamily residence in Harrison,… Read more
Wall Street Posts Near-Record Profits, Says NYS Comptroller
Wall Street’s run of prosperity extended into the first half of 2021 with $31 billion in pre-tax earnings, beating 2020’s… Read more