New York
REBNY: Broker Confidence Bottoms Out for Third Straight Quarter
Broker confidence hit a new record low for the third straight quarter, the Real Estate Board of New York said… Read more
ICSC’s Tom McGee Sees “Anchor” Role for Association in Current Storm (VIDEO)
“Right now, we’re in the midst of a storm,” Tom McGee, CEO of the International Council of Shopping Centers in… Read more
NY State’s Ban on Commercial Evictions Extended to Jan. 1
Gov. Andrew Cuomo on Tuesday extended New York State’s moratorium on COVID-related commercial evictions and foreclosures through Jan. 1, 2021 This measure extends… Read more
City Hall Releases Final Blueprint for Fair Housing Plan
The de Blasio administration on Tuesday released the final Where We Live NYC Plan, the city’s blueprint for fair housing in… Read more
ORIX Real Estate Capital Unifies Brands as Lument
New York City-based ORIX Real Estate Capital, a business unit of ORIX Corporation USA, has changed its brand to Lument,… Read more
Neil Isford Joins Dealpath as Sales SVP
Neil Isford has joined Dealpath as SVP, sales, based in New York. Isford has spent the majority of his career… Read more
Pretium, Ares Take Front Yard SFR Platform Private for $2.4B
A partnership of Pretium and a group of its investors and funds managed by Ares Management Corporation will acquire single-family… Read more
Amazon Leases Sort Center at Staten Island Logistics Park
Amazon has leased its third warehouse at Matrix Development Group’s Matrix Global Logistics Park on Staten Island. The 975,000-square-foot sort… Read more
Inland Acquires Beachfront Multifamily on Long Island
Inland Real Estate Acquisitions (IREA) closed on the purchase of 10 West Apartments, an 11-story, 109-unit multifamily property in Long… Read more
Law Firm Freeborn Opts for Prebuilt at Durst’s 1155 AofA
Freeborn and Peters LLP has signed a six-year and one-month lease for 16,563 square foot on the entire 26th floor… Read more
Shorenstein Sells Beaverton Campus to DRA-Prescott for $130M
A partnership between a fund controlled by New York-based DRA Advisors LCC and Prescott Partners purchased Nimbus Corporate Center for… Read more
Vornado Completes $500M Refi on PENN11
Vornado Realty Trust has completed a $500-million refinancing of PENN11, a 1.2-million-square-foot Manhattan office building just south of Penn Station… Read more
Fairstead Closes on Planned Conversion of Park 79 Hotel
Fairstead and Project FIND have closed on the planned $60-million conversion of the historic Park 79 Hotel on Manhattan’s Upper West Side… Read more
Marcus & Millichap to Acquire Mission Capital
Marcus & Millichap (MMI) has entered into a definitive agreement to acquire Mission Capital, a nationally recognized capital markets advisor… Read more
Cuomo Okays Reopenings for Movie Theatres, Ski Resorts
In separate announcements over the weekend, Gov. Andrew Cuomo said ski resorts across New York State may reopen at 50%… Read more
Rosewood Sells Elevator Building in Fordham Heights
Rosewood Realty Group arranged the $11.5-million sale of a six-story, 80-unit apartment building in the Fordham Heights section of the Bronx. The 74,580-square-foot… Read more
CushWake Markets Development Sites in Brooklyn, Queens
Cushman & Wakefield is marketing two mixed-use development sites for sale in Prospect Lefferts Gardens, Brooklyn and Downtown Jamaica, Queens.… Read more
Milton Glaser’s Headquarters Trades in Midtown South
Compass vice chair Adelaide Polsinelli sold 207 E. 32nd St., the Beaux-Arts headquarters of celebrated graphic artist Milton Glaser. The… Read more
BBCP Arranges Refi on New Rochelle Rentals
Black Bear Capital Partners (BBCP) arranged $32 million in bridge financing on behalf of a private investor for the refinance of The Millennia, a new, ground-up… Read more