New York
Wafra Invests $400M in Digital Colony Platform
New York-based Wafra Inc. is acquiring a minority stake in Digital Colony, the digital investment management division of Los Angeles-based… Read more
NYC Cancels Large-Scale Events Through Sept. 30
Large events requiring a city events permit will be canceled through Sept. 30 as the city works to prioritize open spaces for… Read more
Pembrook Finances Staten Island Apartment Buy
(Updated with additional information) Pembrook Capital Management LLC is providing a $12.4-million loan to Iris Holdings Group for the acquisition and rehabilitation of… Read more
Landmarked Bronx Church Files Plans for MXU
Saint James Episcopal Church in the Bronx has filed plans with the New York City Department of Buildings for a… Read more
Ready Capital Completes $609M of Securitizations
Ready Capital Corporation completed two commercial real estate loan securitizations, totaling $609 million, in the second quarter. Proceeds were used to… Read more
BridgeCore Closes on Greenwich Village Financing
BridgeCore Capital Inc. has closed a $16.5-million loan on two contiguous mixed-use buildings in Greenwich Village. The borrower required a… Read more
Jobless Claims Reach Four-Month Low, But Long Recovery Seen
The number of Americans filing for jobless benefits dropped to a near four-month low last week, Reuters reported. However, a… Read more
Seattle-Based Sur La Table Closing Stores in Bankruptcy Proceeding
Seattle-based Sur La Table plans to close 56 of its 121 stores as part of a Chapter 11 bankruptcy filing,… Read more
California Job Market Improves, State Issues $41.3B in Unemployment Benefits
The job market in California showed signs of life last week despite the economic turmoil and cutbacks caused by the… Read more
Resnick JV Lands $100M Financing on Lower Manhattan Offices
PGIM Real Estate arranged a $100-million, 15-year financing for 52 Broadway, a Lower Manhattan office property owned by a joint… Read more
Armada Hoffler, WeWork Terminate 69K-SF Office Lease in Baltimore
Armada Hoffler Properties and WeWork have agreed to terminate WeWork’s 69,000-square-foot office lease at Wills Wharf in Baltimore’s Harbor Point.… Read more
JCPenney Closes 150K-SF Manhattan Mall Location
JCPenney is closing two of its five remaining New York City stores, the retailer announced Tuesday. The 150,000-square-foot Manhattan Mall… Read more
NKF Team Arranges Refi of Prospect Heights Rentals
NKF arranged an $18-million fixed-rate loan to refinance an apartment property at 364 Lincoln Pl. in Brooklyn’s Prospect Heights neighborhood,… Read more
NYC Schools Will Reopen on Limited In-Person Schedule
New York City’s public schools will reopen in September, assuming the city continues to meet all necessary COVID-19 public health… Read more
Brooks Brothers Seeks New Owner in Chapter 11 Filing
Menswear retailer Brooks Brothers filed for bankruptcy Wednesday in Wilmington, DE as it continues to seek a buyer. Founded in… Read more
555 West End Ave. Markets $23M Penthouse
555 West End Ave., a landmarked Beaux Arts Catholic School that has been transformed into residential condominiums, has listed its “crown jewel”… Read more
Cambridge Realty Provides $4M HUD Loan for Longview Nursing Care
Cambridge Realty Capital Companies has provided a $3,907,100 HUD Lean loan to refinance Summer Meadows, a 115-bed skilled nursing care… Read more
Wealth Management Firm Takes Full Floor at Park Avenue Plaza
Wealth management firm BBR Partners has leased 30,000 square feet at Fisher Brothers’ Park Avenue Plaza, Crain’s New York Business… Read more
MTA Will Deploy 9,000 More Screens Across Subway System
The Metropolitan Transportation Authority (MTA) said Tuesday it would deploy 9,000 new digital screens across New York City’s subway system… Read more