New York
“Raise Your Returns and Lower Your Risk”: Safehold’s Jay Sugarman on the Modern Ground Lease
By Paul Bubny In 2017, commercial real estate finance veteran Jay Sugarman launched Safehold, a publicly-traded REIT managed by iStar… Read more
McSam Sells Garment District Development Site
Sam Chang’s McSam Hotel Group has sold 338 W. 39th St., an unfinished hotel project in the Garment District, for… Read more
Rockport Provides HUD Refi on Queens Senior Housing
Rockport Mortgage Corp. recently closed a $74.5-million FHA Section 223(f) refinancing loan for Israel Senior Citizen Housing I and II, a… Read more
Council Speaker Johnson Wants Revamp of NYC’s “Broken” Planning
Calling the city’s planning process “completely broken,” New York City Council Speaker Corey Johnson issued a report that proposes a… Read more
Partner ESI Grows Team by Nearly 160 During Pandemic
Torrance-based Partner Engineering and Science, Inc. has added 158 people since July, a growth rate designed to meet needs in… Read more
SRS Real Estate Brokers $4M Sale of Ground Leased Retail Property in Orlando
SRS Real Estate Partners’ National Net Lease Group has arranged the $4.2 million ground lease acquisition of a newly developed… Read more
Rockrose Files Plans for Long Island City Apartments
Although the pandemic hit Long Island City’s residential market hard, it doesn’t appear to be slowing down Rockrose Development’s plans for the neighborhood, Crain’s… Read more
Healthcare Recruitment Firm Subleases at 450 Seventh Ave.
Prime Staffing NYC, a recruitment firm specializing in travel and local nurse contracts, signed a 5,582-square-foot sublease at the Kaufman… Read more
Sheltering Arms Inks Deal for New Jamaica Hub
Transwestern Real Estate Services represented Sheltering Arms Children and Family Services in a 34,500-square-foot lease at 165-19 Jamaica Ave. for the… Read more
Pembrook Arranges Acquisition Debt for Shaker Heights Portfolio
New York City-based Pembrook Capital Management is providing a $17,764,288 loan for the acquisition and renovation of a value-add multifamily portfolio… Read more
CushWake Appoints Chief Diversity Officer
Cushman & Wakefield has appointed Nadine Augusta as its first chief diversity, equity & inclusion officer, based in New York.… Read more
Wafra, Welltower in $500M Medical Office JV
Wafra Inc., a global alternative investment platform headquartered in Manhattan, and healthcare REIT Welltower Inc. said Tuesday they had formed… Read more
Brookfield Snaps Up Distribution Facility in Port Morris
JLL Capital Markets completed the sale of 845 E. 136th St. in the Port Morris section of the South Bronx… Read more
Financial Advisor Commits to Midtown with Long-Term Lease
Independent financial advisory group WealthEdge, betting on the resurgence of New York City, signed a new lease for office space… Read more
Avison Young: Vaccine Availability Will Shape Future of NYC Office
The future of New York City’s real estate market will depend heavily on the widespread availability of an effective COVID-19… Read more
Trusted Media Brands Relocates within SL Green Portfolio
JLL completed a 14,795-square-foot lease at 485 Lexington Ave. on behalf of Trusted Media Brands, a media and direct marketing… Read more
Doe Fund Tops Out at Bronx Affordable
The Doe Fund celebrated a topping out ceremony for its latest real estate development at 980 Westchester Ave.in the Foxhurst neighborhood of the Bronx.… Read more
NYC Construction Filings Reach 10-Year Low
The number of new construction filings in 2020 is New York City’s lowest since the wake of the Great Recession,… Read more
KKR Expands Warehouse Portfolio with $835M Deal
KKR said Friday it had acquired a 9.7-million-square-foot industrial portfolio in seven major markets across the U.S. from High Street… Read more