New York
USC Provides Loan on Bed-Stuy Gut Renovation
Urban Standard Capital (USC) delivered an $8.7-million construction completion loan to Spencer Developers to finish a gut renovation of a previously blighted, three-story building. The property, located in… Read more
Valuation Declines Trend Upward for Distressed CMBS Even as Other Metrics Improve
A couple of key metrics related to CMBS distress have shown improvement since the depths of the pandemic last year.… Read more
RICS Sees Infrastructure Focus Driving Americas Construction Uptick
RICS’ global Q1 2021 Construction Monitor shows that activity is continuing to pick up gradually for the Americas. Both Canada and the… Read more
NYC Jobs Growth Outpaces U.S. in April
New York City saw a net gain of 35,100 jobs in April while the state posted a monthly gain of… Read more
Lendlease Hires DEI Veteran as VP
Lendlease has hired Venetta Amory as VP and director of diversity, equity and inclusion (DEI) for its Americas region. Amory,… Read more
MTA Publishes Environmental Review for Metro-North Penn Station Project
The Metropolitan Transportation Authority (MTA) has published the Environmental Assessment for its Metro-North Penn Station Access Project, which will bring… Read more
JLL Adds SVP for Hotel Asset Management
JLL Hotels & Hospitality has hired 15-year hotel industry veteran Erin Green as SVP for the company’s Global Hotel Asset Management… Read more
JLL Completes Sale of Brooklyn Site to Feil Organization
JLL Capital Markets completed the $32.5-million sale of 360-370 Fulton St., a commercial development site with up to 171,180 buildable square… Read more
NYS Finalizes Agreement for Sale and Decommissioning of Indian Point Nuclear Facility
New York State’s Public Service Commission on Wednesday approved the sale of the Indian Point nuclear power facility in Buchanan,… Read more
Bridge Industrial Names VP of Cold Storage
Bridge Industrial has brought in David Aschenbrand, formerly of Lineage Logistics, as its new VP of cold storage. He’lloversee the day-to-day operations and… Read more
Blackstone Mortgage Trust’s Katie Keenan Named CEO
Blackstone Mortgage Trust (BXMT) president Katie Keenan has been named CEO, effective June 30. She’ll succeed Steve Plavin, who will… Read more
SoHarlem Doubles Footprint at Manhattanville’s Mink Building
The Janus Property Company arranged a lease at the Manhattanville Factory District’s Mink Building, approximately doubling the footprint of SoHarlem, a not-for-profit… Read more
Buyers Looking Up to Townhomes
An increasing number of cities are considering dropping single-family zoning preferences to encourage more housing. In Northern California alone, San… Read more
With More Demand, Pearlstone Releases Floor Slated for Hotel Rooms
Austin-based Pearlstone Partners’ development Natiivo Austin is now more than 75 percent complete and 85 percent sold. The new high-rise… Read more
Loeffler Randall Inks Lease for Industry City Studio Space
Contemporary fashion brand Loeffler Randall has signed a lease for 1,800 square feet at Industry City in Sunset Park, bringing the total… Read more
In Lending for Industrial Deals, “There’s No Such Thing as One Size Fits All”
With industrial having recently achieved the status of a close rival to multifamily in terms of investor interest, the subject… Read more
East Coast Warehouse Inks 500K-SF Industrial Lease in Savannah
Temperature-controlled logistics services provider East Coast Warehouse has signed a 499,200-square-foot industrial lease in Savannah at 521 Morgan Lakes Blvd.… Read more
SL Green Trades Midtown South Offices for $325M
SL Green Realty Corp. said it agreed to sell 635-641 Sixth Ave. in Midtown South for $325 million. The buyer… Read more
New Empire Launches Sales at LES Condos
Sales have officially commenced at New Empire Corp.’s 208 Delancey, a 12-story, 85-unit new luxury condominium on Manhattan’s Lower East Side, reportedly… Read more