New York
Loop Metrics Reach Highest Levels Since Pandemic Began
Chicago Loop Alliance’s June report on downtown activity shows the highest levels for all metrics since before the pandemic. In particular, hotel occupancy… Read more
Rudin Closes on $100M Refi of 80 Pine St. Office Tower
The Rudin Family has closed on a $100-million refinancing of 80 Pine St., a 1.2-million-square-foot office tower that occupies the full… Read more
Hudson Realty Capital Launches FHA Platform
Hudson Realty Capital, headquartered in Midtown Manhattan, has expanded its suite of debt and financing solutions to include Federal Housing Administration (FHA)… Read more
Nortco’s Eleven Hancock Condo Project in Harlem is 50% Sold
Nortco Development’s Eleven Hancock, a newest ground-up residential condominium development in Harlem, is now 50% sold. The project has received its Temporary Certificate… Read more
Meridian Arranges Financing on Bed-Stuy Workforce Housing
Meridian Capital Group arranged $11.7 million in financing to refinance one of Iris Holdings Group’s affordable workforce housing projects in Brooklyn. The properties are located at 189-191-193… Read more
NY Fed Survey: Near-Term Inflation Expectations Hit New High
U.S. consumers evidently don’t share the optimism of Federal Reserve officials that current inflation pressures will prove short-lived. The New… Read more
One Soho Square Complex Lands $900M Financing
Stellar Management and minority partner Imperium Capital have secured a $900-million refinancing for One Soho Square, an office and retail… Read more
Biotech Firm Joins Tenant Roster at Alexandria Center
Biotech firm Immunai has inked a 12,288-square-foot office/laboratory lease at Alexandria Real Estate Equities’ Alexandria Center for Science and Technology, 430 E.… Read more
RFR Unveils Redesigned 477 Madison Ave.
RFR is reintroducing 477 Madison Ave. to the Midtown Manhattan office market following a comprehensive redesign and renovation program. A Newmark… Read more
Praedium Group Marks 30th Anniversary of First Transaction
The Praedium Group, a New York-based national real estate investment firm, marked the 30th anniversary of its first investment, which… Read more
Eastern Union Brokers $42M Sale of Maryland Apartment Property
New York-based commercial real estate firm Eastern Union has arranged the $42 million sale of Portabello Apartments, a 254-unit apartment… Read more
Cuomo Announces Plans to Redevelop Brooklyn’s Kingsboro Psychiatric Hospital
A team including Douglaston Development will redevelop 7.2 acres of the Kingsboro Psychiatric Center campus in East Flatbush, Brooklyn. Gov. Andrew Cuomo announced the… Read more
Cardiology Group Chooses 120 Wall St. for Flagship Location
Sorin Medical, P.C., a private medical practice that’s among the leaders in preventative and interventional cardiology, has signed a 15-year,… Read more
Rizzo Group, CodeGreen Relocate Offices within ESRT Portfolio
Sustainability consulting firm CodeGreen Solutions and parent company the Rizzo Group are relocating within the Empire State Realty Trust portfolio.… Read more
RFP Seeks Design Proposals for New Bronx Museum Wing
New York City Development Corporation released a Request for Proposals (RFP) on behalf of the Department of Cultural Affairs (DCLA) and The Bronx Museum of the Arts seeking an… Read more
Circle F Refis LIC Retail Condo Leased to Trader Joe’s
Newmark has arranged a $20.3-million loan on behalf of Circle F Capital to refinance 2243 Jackson Ave., a recently completed retail… Read more
JLL Tapped for Leasing Assignment at Hauppauge Industrial Park
JLL has been selected to lease the Bristol Logistics Center, a 178,134-square-foot logistics facility that Bristol Group is developing at 49 Mall Dr. in Commack, NY. The JLL… Read more
The Butter’s Back on the Popcorn at Movie Theatres
Among the retail sectors that suffered the most extensive impact from pandemic-related shutdowns, movie theatres by and large have demonstrated… Read more
SVN | SFR JVs with Walton in Build-for-Rent Sector
SVN | SFR Capital Management, a New York City-based investment firm dedicated to the single-family build-for-rent (BFR) sector, and Phoenix-based Walton… Read more