New York
Transit Improvements Around One Vanderbilt Open to Public
The completion of SL Green Realty Corp.’s One Vanderbilt Ave. also marks a significant milestone for the Midtown transit system. All components of One Vanderbilt’s… Read more
City Housing Agencies Line Up $289M RAD Loan
Fannie Mae financed a $289-million Rental Assistance Demonstration (RAD) transaction with its Delegated Underwriting and Servicing (DUS) lender partner Wells Fargo and… Read more
City Council Approves Rezoning for Flushing Waterfront
The City Council approved plans to rezone the Special Flushing Waterfront District in Queens at its Thursday meeting, Crain’s New York Business… Read more
Black Bear Capital Lines Up Green Refi on Bronx Apartments
Black Bear Capital Partners (BBCP) arranged $25.5 million in permanent financing on behalf of a private investor to refinance three multifamily properties in the Bronx. Provided… Read more
McBride Delivers $19M in Financing for Tacoma Asset
McBride Capital secured $19,000,000 in bridge financing for the acquisition of The Tacoma Rhodes Center in Tacoma. The acquisition included… Read more
Seritage CEO Schall to Step Down in January
Seritage Growth Properties said Thursday that president and CEO Benjamin Schall would step down in January 2021 to pursue another… Read more
601W Plans Makeover for Northern Trust Offices in South Loop
Nine months after acquiring Northern Trust’s now-vacant offices at 801 S. Canal St. in Chicago’s South Loop for $68 million,… Read more
Building a Better, More Sustainable Future in Los Angeles (Part 2)
By Dennis Kaiser Part 2: Building A Model of Sustainability Through Innovation As a new Presidential administration transitions to lead… Read more
Queens Logistics Project Lands $316M Financing
JLL arranged a $316-million construction loan on Grand Logistics Center, a 1.1-million-square-foot, multi-story distribution facility in the Queens community of… Read more
Berkadia Arranges $50M Platform-Level Capital Partner for Monday Properties
Berkadia arranged a strategic partnership between New York-based Monday Properties and Denver-based private equity firm, FrontRange Capital Partners LLC. Berkadia’s… Read more
City Council Subcommittee Okays Flushing Waterfront Rezoning
A City Council subcommittee voted unanimously Wednesday to approve a proposed rezoning of the Special Flushing Waterfront District in Queens after delaying the vote multiple times,… Read more
Douglaston Development Promotes Jed Resnick to CEO
Jed Resnick has been named CEO of Douglaston Development, one of the largest residential and mixed-use developers in New York City.… Read more
Trepp, CompStak See Rising Distress in Manhattan Retail
The pressures being exerted on Manhattan retail by the COVID-19 pandemic are manifesting in securitizations backed by retail properties, say… Read more
Gotham Greens Raises $87M in New Debt and Equity
Gotham Greens, a Brooklyn-based operator of high-tech greenhouses across the U.S., said Tuesday it had raised $87 million in new equity and debt… Read more
Newmark Tapped to Lease Modernized 1501 Broadway
Rosemark Management and Levin Management unveiled a modernization of 1501 Broadway, the Paramount Building. The landmarked Midtown office tower’s ownership… Read more
Scale Lending Closes Inventory Loan for Simon Baron
Scale Lending, an investment affiliate of Slate Property Group, recently closed on a $38-million inventory loan for the unsold units… Read more
Lawyers in Real Estate 2020: Silverstein Properties Inc.’s Jonathan Knipe
As EVP and General Counsel for Silverstein Properties, Inc. (SPI), Jonathan Knipe is the company’s chief legal officer and corporate… Read more
Lawyers in Real Estate 2020: Orrick’s Michael Liever
Michael Liever is a partner in the San Francisco office of Orrick, Herrington & Sutcliffe LLP, and a lawyer with one… Read more
Lawyers in Real Estate 2020: Greenberg Traurig’s Jacqueline Greenberg Vogt
Greenberg Traurig’s Jacqueline Greenberg Vogt has more than 20 years of experience in construction law and concentrates on construction contracting… Read more