New York
CA, NY, IL to Lose Congressional Seats, TX and FL to Gain in Census-Driven Reapportionment
Six states will pick up seats in the U.S. House of Representatives and seven will lose under the Congressional apportioning… Read more
Stimulus Funding Helps Drive NYC’s $99B 2022 Budget
Mayor Bill de Blasio on Monday unveiled a $98.6-billion executive budget for fiscal 2022. The mayor said billions of dollars… Read more
Biomanufacturing Firm Establishes HQ at Hudson Research Center
c16 Biosciences Inc. will establish its executive headquarters and biomanufacturing research lab within Taconic Partners and Silverstein Properties’ Hudson Research Center at… Read more
Cherre Raises $50M in Growth Funding
Cherre, a Midtown Manhattan-based real estate data management and analytics platform, has raised $50 million in growth funding led by Trustbridge… Read more
Eastern Union Arranges $54M in Funding on Properties in NY, FL
Eastern Union recently arranged financing totaling $53,745,000 for four commercial properties in New York State and Florida. The transactions were arranged by managing… Read more
NB Partners Fund III Closes at $500M
Boston-based NorthBridge Partners and New York-based Park Madison Partners have announced the close of NB Partners Fund III LP. Fund… Read more
Developer Sells Home Depot Distribution Center in MO
Stan Johnson Company (SJC) recently completed the sale of a single-tenant industrial warehouse and distribution center leased to Home Depot.… Read more
NYC Multifamily Investment Sales Post Ninth Quarter of Annual Declines
In contrast to individual apartment sales, which have begun to rebound, New York City’s multifamily investment sales market marked its… Read more
Crown Holdings Enters $250M JV to Grow its Multifamily Portfolio
Atlanta-based Crown Holdings Group has entered into a joint venture with Stern Resources Inc., a New York-based investment holding company which is leading a… Read more
DMG Investments’ Christian O’Lone Talks Opportunities in Student Housing (VIDEO)
A year ago, student housing as an asset class was viewed as one of the more problematic in view of… Read more
Flatiron/NoMad Commercial Market Showing Signs of Rebound
The Flatiron/23rd Street Partnership has released its Flatiron Quarterly Market Snapshot: Q1 2021, looking at real estate and economic data, news, and trends in Flatiron and… Read more
TrueRate Debt Placement Platform Launches into the Marketplace
TrueRate, a debt placement marketplace headquartered in Midtown Manhattan, has launched into the market. It’s led by industry veteran Dan Gorczycki,… Read more
Bronx Development Site Achieves Pricing Record
Cushman & Wakefield arranged the sale of 1959 Jerome Ave., a 139,927-square-foot development site in the recently rezoned Jerome Avenue… Read more
Port Authority Okays Scaled-Down Expansion Plan for Delta Terminal at JFK Airport
The Port Authority of New York and New Jersey approved agreement on key terms with Delta Air Lines and JFK… Read more
Multifamily’s Recovery from Pandemic Shows Bifurcation by Market
Multifamily performance has rebounded quickly from the pandemic slowdown, but there are exceptions in urban gateway metro submarkets. A study… Read more
Deurbanization Means Two Different Things in Charlotte and San Francisco
On the question of office workers returning to the office as the economy reopens, Green Street’s view is that about… Read more
Warehouse Users Seek More Space as Hedge Against Supply Chain Volatility
A single ship caused what was literally a world of trouble. That ship was the 220,000-ton Ever Given container ship,… Read more
Restaurant Segments Are Recovering from 2020, Some Faster Than Others
Few segments of commercial real estate were hit as hard by the pandemic as restaurants, with many closing their doors… Read more
Moinian Group Will Take Full Ownership of Sky Resi Tower
The Moinian Group has agreed to acquire the final remaining 20% ownership in Sky, its 71-story residential tower at 605… Read more