New York
TerraCRG Closes Sale of Gowanus Commercial Property
TerraCRG closed on the $3,748,500 sale of an industrial building at 189 First St. in Brooklyn’s Gowanus neighborhood. Brokers on the… Read more
3650 REIT Funds Acquisition of LI Manufacturing Facility
3650 REIT provided a $59-million loan to New Mountain Capital to fund the acquisition of 50 Horseblock, a 100% leased,… Read more
Marcus & Millichap Arranges $18M Sale of Sarasota Retail Property
Marcus & Millichap has arranged the $18 million sale of Expo On Clark, a 67,112-square-foot retail property in Sarasota. Expo… Read more
Apartment Rent Growth Back on Track in Top 30 Metros
Multifamily rents increased by 2.5%year-over-year in May, or almost exactly where rent growth was in March 2020 when the pandemic… Read more
NY State Lifts COVID Restrictions as Vaccination Rate Hits 70%
New York State has lifted most COVID-19 restrictions, effective immediately, as 70% of residents aged 18 or older have received… Read more
U.K. Furniture Brand Will Open Flagship Store in Flatiron District
British furniture brand Timothy Oulton recently signed a 10-year lease for a 7,170-square foot retail space at 901 Broadway in… Read more
ULI NY Names Finalists for Development Awards
The Urban Land Institute New York recently announced the 2021 finalists for this year’s annual Awards for Excellence in Development… Read more
Lee NYC Markets Staten Island Development Site
Lee & Associates NYC is marketing 385-425 Bay St., a development site in Staten Island. Principal Kelly Koukou is marketing the site for… Read more
Long Island Office Portfolio Secures $350M Financing
Newmark, on behalf of Angelo, Gordon & Co. and the WE’RE Group, arranged a $350-million floating rate, securitized loan to finance… Read more
SKW, Bain Capital Launch Second JV Targeting Debt
SKW Funding and Bain Capital Credit LP have formed their second joint venture, which will target special situation loan originations… Read more
Madison International Takes Stake in London’s Salesforce Tower
New York City-based Madison International Realty has acquired a minority stake in the Salesforce Tower in London, through a Jersey Property Unit… Read more
111 Wall St. Redevelopment Lands $500M+ Debt Package
Newmark (dba Newmark Knight Frank in New York) has closed an acquisition and construction loan for 111 Wall St. on behalf of… Read more
Source Expands Resource Centers to Six U.S. Cities
Commercial construction startup Source announced the expansion of its resource centers to six major U.S cities. The resource centers will… Read more
Parkview Financial Provides Construction Loan for Condo Tower Near City Hall
Parkview Financial provided a $90-million construction loan to 1 Park Row Development, LLC, an entity of Circle F Capital, for the… Read more
Coinbase Subleases at 55 Hudson Yards for First NYC Office
Coinbase, the San Francisco-based trading platform for bitcoin and other digital currencies, is setting up its first New York office,… Read more
REBNY Announces Contenders for Ingenious Deal of the Year
The Real Estate Board of New York (REBNY) has announced those in the running for 2020’s Most Ingenious Deal of the… Read more
Slate’s 1080 Lorimer Launches Sales in Greenpoint
1080 Lorimer, the residential conversion of the former Greenpoint Savings Bank building, has launched sales. Developed by Slate Property Group with sales led… Read more
Mack-Cali Nears Exit from Suburban Office with Monmouth Portfolio Sale
Mack-Cali Realty Corporation has sold River Centre, a 639,490-square-foot office portfolio in the Monmouth County community of Red Bank, NJ. First… Read more
Q&A: Making Climate Action a Design Priority with SOM’s Chris Cooper
The global design firm Skidmore, Owings & Merrill has long pioneered in the field of sustainable architecture, with projects spanning… Read more