New York
Northern Manhattan Co-Op Secures $4.7M Financing
Ariel Property Advisors arranged $4.7 million in financing for 500 W. 111th St., a 42-unit, 55,868-square-foot cooperative building in Manhattan’s… Read more
LIHTC Fund to Create Nearly 2,000 Affordable Homes
The recent closing of the Enterprise Housing Partners Fund XXXIV (EHP 34) is a nearly $200 million multi-investor Low-Income Housing… Read more
Meridian Team Structures Multifamily Refis in Bronx, Brooklyn
Meridian Capital Group’ Judah Hammer and Daniel Neiss arranged $33.9 million in financing to refinance two multifamily properties in the… Read more
Three Revolving Lines of Credit Total $225M
Meridian Capital Group recently arranged three $75 million revolving lines of credit totaling $225 million for three large national debt… Read more
Data Center Vacancies Drop to All-Time Low for NYC Region
Driven by increased demand from cloud providers and from health care and financial services companies, the New York Tri-State region… Read more
Colliers Adds Two Veterans of Agency Leasing, Tenant Representation
Colliers has added Rick Doolittle and JP Howard to its agency leasing and tenant representation practice in Manhattan. They join… Read more
Savanna Achieves Portfolio-Wide Recognition for Sustainability, Wellness
Savanna has been recognized by two leading industry organizations for portfolio-wide performance in sustainability and wellness. Savanna officially earned the WELL Health-Safety Rating certification for… Read more
Mixed-Use Changes Hands in Pelham Bay
Cushman & Wakefield arranged the sale of 1524-1526 Mayflower Ave., a 6,600-square-foot mixed-use property in the Pelham Bay neighborhood of… Read more
RXR Launches Affiliate to Provide Title Insurance Services
RXR Realty and its partners have launched Prime X Settlement Services LLC d/b/a Prime X Title Agency, an affiliate company. Based… Read more
Turnaround Expert Says Retail Bankruptcies Could Rise in 2021’s Second Half
Structurally flawed businesses that made it through 2020 are in greater danger of imploding in the second half of 2021,… Read more
Lorber, Witkoff Team on SPAC Targeting Proptech
Two New York real estate titans have teamed up to form a special purpose acquisition company (SPAC) targeting the proptech… Read more
Park Coming to Former Industrial Site at Pier 42 on Lower East Side
New York City Economic Development Corporation (NYCEDC) and NYC Parks recently launched construction on the Pier 42 project on Manhattan’s Lower… Read more
HWE Finalizes Sale of SL Green’s Tower 46 Stake
Hodges Ward Elliott (HWE) finalized the sale of SL Green Realty Corp.’s 25% interest in its commercial condominium units at 55… Read more
CBRE Arranges Retail Leases at Upper West Side Rental Tower
CBRE arranged four new retail leases totaling 8,200 square feet in the retail portion of Stellar Management’s 667 Columbus Ave., a 31-story,… Read more
Avison Team Negotiates Staten Island Ground Lease for Charter School
An Avison Young team of principals Marty Cottingham and Michael Gottlieb, and associate Patrick Steffens arranged a long-term ground lease for Hellenic… Read more
Engel Burman Names CFO for Construction Division
Jericho, NY-based developer Engel Burman has hired Daniel Daragiu as CFO for its construction division. He’ll be responsible for all financial… Read more
Can the Hub-and-Spoke Model Work? Not Without Investment
During the pandemic, growth in secondary cities and suburbs has outstripped demand in CBDs as 57% of employees want an… Read more
AllianceBernstein Holds $900M First Close on Fourth CRE Debt Fund
AllianceBernstein L.P. (AB), with New York offices in Midtown Manhattan, completed the first closing of its fourth US Commercial Real… Read more
CenterPoint is Bullish on Its Investment Prospects
With the February acquisitions of three Los Angeles-area buildings and a 600,000-square-foot facility in Houston, Oak Brook, IL-based CenterPoint Properties has made… Read more