New York
Ornstein, Powers Launch Services Firm Geared to Mission-Driven Clients
The newly launched OPEN Impact Real Estate LLC, founded by Lindsay Ornstein and Stephen Powers, will deliver strategic commercial real… Read more
Doe Fund Receives TCO on Bronx Affordable Development
The Doe Fund has received a Temporary Certificate of Occupancy for its new affordable and supportive housing residence at 1325 Jerome Ave. in the… Read more
Harlem Shake Expands to Park Slope Through Franchise
Harlem Shake, a casual spot for burgers, shakes and more in Harlem, is expanding through a franchise deal for a second… Read more
Manhattan Office Availability Rate Ticks Downward as Q2 Ends
Manhattan second-quarter office leasing volume was virtually unchanged, quarter-over-quarter, according to Colliers. At 4.55 million square feet, Q2 2021 leasing volume… Read more
JLL Secures $56M for Passive House Project in Gramercy Park
JLL Capital Markets recently secured $56 million in construction financing for the development of 202 E. 23rd St., a mixed-use, passive house… Read more
Wafra Capital Signs Up for Space at 425 Park Ave.
Real estate investment advisor Wafra Capital Partners has signed a lease for 13,900 square feet at L&L Holding Co.’s 425… Read more
Boston Properties’ New York Office to Get New Leadership as John Powers Retires
Hilary Spann will succeed John Powers as head of Boston Properties’ (BXP) New York office effective Jan. 1, 2022. Powers… Read more
Alpha Realty Markets East Flatbush Portfolio
Alpha Realty has been retained as exclusive broker to sell a four-building portfolio in the East Flatbush neighborhood of Brooklyn. Consisting of 101 Belmont… Read more
iStar Explores Sale of Its Net Lease Portfolio
iStar Inc. said Tuesday that it intends to explore market interest for possible sales of its net lease assets. The… Read more
Global Holdings Acquires $115M Mortgage on Mondrian Park Avenue
Cushman & Wakefield has arranged the $115-million sale of the mortgage on the Mondrian Park Avenue, a luxury 190-key hotel at 444… Read more
East Village Mixed-Use Trades After 70 Years’ Family Ownership
Ariel Property Advisors finalized the $3.35-million sale of 109 E. 9th St., a five-story mixed-use building in Manhattan’s East Village. The… Read more
Compass’ Adelaide Polsinelli Closes Sale of Medical Condos Near NYU Langone
Compass vice chairman Adelaide Polsinelli closed on the sale of a package of medical office condos, at the Corinthian, located… Read more
Team Doshi Arranges $22M Deal for Yorkville Multifamily Duo
Meridian’s Amit Doshi and Shallini Mehra have closed on 409 and 413 E. 84th St., two contiguous apartment buildings in… Read more
Brooklyn Chamber Relocates Offices to Industry City
The Brooklyn Chamber of Commerce is moving to Industry City after more than 100 years operating from Downtown Brooklyn. The new office at the… Read more
Kimco Names Director of ESG
Kimco Realty Corp. has hired Tamara Chernomordik as director of ESG. In this dedicated role, Chernomordik will be responsible for… Read more
Manhattan’s For-Sale Apartment Market Bounces Back
The rebound of Manhattan’s residential sector continued in the second quarter, with contract activity on new-development, for-sale apartments up 64%… Read more
Grocery-Anchored Centers Stay Hot in Phoenix
Two grocery-anchored retail centers in Phoenix recently sold for a combined total of $14 million. The first property, Safeway Shops… Read more
Flatiron Building’s TIC Owners File for Partition Sale
Four of the five Tenants in Common owners of the historic Flatiron Building at 175 Fifth Ave., represented by Jeffrey… Read more
Chicago Multifamily Rents Continue Growth Streak
Chicago apartment rents increased 2.5% during June, and increased by 1.5% in comparison to the year-ago period, Apartment List reported.… Read more