New York
ACRES Provides Loan on Yonkers Multifamily Project
ACRES Capital Corp. has originated a $31.5-million loan to fund construction and stabilization of 56 Prospect St., a nearly 79,000-square-foot… Read more
Brookfield Divests Fifth Ave. Condo in Manhattan’s Largest Retail Sale YTD
In what is reportedly the largest retail trade of its kind in Manhattan since the onset of the pandemic, Brookfield Property Partners is selling… Read more
Governors Island Inaugurates Fall Arts Week
The Trust for Governors Island announced the inaugural Fall Arts Week on Governors Island, a joint roster of exhibitions, open studios, events… Read more
Adaptive Reuse Transforms 1905 Warehouse into Medical Center
Eastman Cooke & Associates, a Manhattan-based, mid-sized construction company, is completing an adaptive reuse project at 438 W. 51st St., between Ninth and Tenth avenues, transforming… Read more
PDL Community Bancorp Completes Sale-Leaseback in Bronx
PDL Community Bancorp entered into a sale-leaseback for a property owned by subsidiary PFS Service Corp. and occupied by its Ponce Bank unit at 2244 Westchester Ave. in the Bronx.… Read more
View Smart Windows Make Long Island Office Debut
View, Inc. said its Smart Windows have been installed at 410 Motor Pkwy,, Long Island’s first newly constructed speculative office in over a dozen years. Developed by Aresco… Read more
Manhattan Office Markets Post First Positive Absorption in Two Years
Manhattan’s Midtown, Downtown and Midtown South markets showed signs of a real rebound in office leasing activity in August, CBRE said Friday. All three markets… Read more
Ayden Doubles Footprint of Union Square Offices
JLL and Madison Capital have completed a 30,415-square-foot lease at 71 Fifth Ave. in Manhattan’s Union Square neighborhood with Dutch payment company… Read more
Transwestern and OPEN Impact Arrange Expansion for Investment Group
Transwestern Real Estate Services represented Eurazeo in a 14,079-square-foot lease expansion and renewal for the investment firm’s U.S. headquarters at 745 Fifth… Read more
Hochul Signs New Statewide Moratorium on Evictions
Gov. Kathy Hochul on Thursday signed into law a new moratorium on COVID-related residential and commercial evictions for New York State which is… Read more
Cityzenith Launches Digital Twin Project at Brooklyn Navy Yard
Cityzenith will launch its “Clean Cities – Clean Future” initiative with a project at Brooklyn Navy Yard that seeks to transform the 225-acre complex’s energy footprint. The project… Read more
JLL Tapped to Lease Media Arts Building in Gramercy Park
JLL has been retained by A. Shalom Realty & Management Company to lease 220 East 23rd St., the Media Arts Building, a… Read more
CushWake Closes Sales of Five West Side Multifamily Assets
Cushman & Wakefield arranged the sale of five multifamily properties from The Metro Portfolio for a total of $27,050,000. The firm’s Robert M.… Read more
Ariel Arranges Sale of Central Harlem Section 8 Multifamily
Ariel Property Advisors has arranged the sale of 104-110 W. 144th St., an affordable multifamily building in Central Harlem, for $25.35 million. … Read more
Eastern Union Promotes Three to Executive Roles in Managing Commercial Mortgages
Eastern Union has promoted three staff members to executive duties in the management of commercial mortgages. Mordy Reisman has been named chief loan… Read more
Manhattan Office Leasing Posts Strongest Month Since Pre-Pandemic
The rise of the delta variant notwithstanding, Manhattan office leasing activity increased for the fourth consecutive month, with 2.45 million square feet leased, Colliers’ Franklin Wallach reported. This… Read more
GAIA Makes First NYC Acquisition Since Onset of Pandemic
GAIA Real Estate has closed the $49.5-million acquisition of the East Village Portfolio, consisting of 71 apartment units across three contiguous residential buildings at 50-58… Read more
P.F. Chang’s Adds Fifth Manhattan Location for Off-Premise Dining
Newmark Retail arranged a 2,230-square-foot lease at 885 Eighth Ave. for the newest P.F. Chang’s To Go. This marks the fifth such lease in the city in the past 18 months as P.F. Chang’s expands its off-premise dining concept throughout the country. Vice chairman Ariel Schuster and associate director Mitch Heifetz represented P.F. Chang’s in this… Read more
Avison’s Tri-State Team Closes Deal for Upper East Side Portfolio
Avison Young’s Tri-State Investment Sales Group has arranged the sale of a 12-building mixed-use and multifamily portfolio on the Upper East Side… Read more