New York
B6 Secures Refi on Times Square Billboard Asset
B6 Real Estate Advisors recently closed on a transaction at 226 W. 52nd St. at $6,796,465. B6’s client, Shout Outdoor Media, acquired the Novotel… Read more
Goodwill NYNJ Renews Lease for Brooklyn Training Center
Transwestern Real Estate Services (TRS) represented Goodwill Industries of Greater NY and Northern NJ Inc. in its 30,800-square-foot lease renewal… Read more
2nd Street USA Sets Up Shop in Chelsea
Vintage second-hand clothing store 2nd Street USA has inked a new 5,400-square-foot lease in at 142 W. 26th St. in Chelsea. 2nd Street… Read more
Hodges Ward Elliott Adds Dalicandro as VP
Frank Dalicandro has joined Hodges Ward Elliott (HWE) as a VP in its New York office. In his new role,… Read more
Silverback Partners on Midtown Condo Tower Project
Silverback Development is reportedly partnering with Hong Kong-based Hopson Development Holdings, to build a $250-million residential condominium tower in Midtown… Read more
San Francisco MF Rents Reverse Course, Record Regression Reported
New research shows the multifamily sector in key U.S. markets is starting to reflect the challenges of a COVID-19 induced… Read more
Meridian Arranges Nearly $20M Note Sale for Palm Springs Hotel
New York-based Meridian Capital Group arranged the $19.75 million note sale for an extended stay hotel with an unpaid loan… Read more
Net Lease Sales Volume Hit Four-Quarter Record in Q1
Net-lease investment volume increased by 34.6% to $78.9 billion for the year ending March 31, the highest four-quarter total on… Read more
Investment Firm Pretium Hires Macro Research Head
Investment firm Pretium, with $14 billion of managed assets spanning real estate, residential and corporate credit, has hired Charlie Himmelberg as… Read more
Chelsea Sees Its First Multifamily Deal of 2020
JLL Capital Markets completed the $7.2-million sale of 222 W. 16th St., a 14-unit multifamily property in Chelsea. The contract… Read more
NYC on Track for Next Phase of Reopening
Two weeks after receiving the green light to begin the phased process of reopening, New York City is on track to… Read more
WBP, L+M Close on Loan for New Rochelle MF
Wilder Balter Partners (WBP) and L+M Development Partners closed on a $49.2-million construction loan with M&T Bank to develop 25… Read more
Upflex Launches Global Network of COVID-Safe Workspaces
Coworking alliance Upflex Inc., headquartered in Downtown Manhattan, has launched Safe Spaces, a workplace re-entry program to help users find workspaces… Read more
CushWake Lines Up Acquisition Debt for Downtown BK Rentals
Cushman & Wakefield arranged $57 million in acquisition financing for the multifamily rental portion of 1 Flatbush Ave., a newly-built… Read more
Scottsdale’s Wells Fargo Gainey Center Claimed by NY Investor
AREA Exchange Asset III, LLC, an affiliate of New York City-based Ascent Real Estate Advisors, acquired Wells Fargo Gainey Center,… Read more
Finance Experts Outline CRE Lending Opportunities Ahead Despite COVID-19
By Dennis Kaiser Connect Commercial Real Estate’s Los Angeles Finance webinar, held earlier this week with a group of CRE… Read more
Cuomo: Gatherings of 25 Now Allowed in Phase Three of Reopening
New York Gov. Andrew Cuomo said Monday that gatherings of up to 25 people will be allowed in Phase Three… Read more
JLL Advises Kamber on Repositioning Tower 45
JLL is advising Kamber Management on repositioning Tower 45, located at 120 W. 45th St., for a post-COVID-19 world. The… Read more
Recovery Raises Questions About Office Near Manhattan Commuter Hubs
With questions now being raised about whether office-using employees will commute to those offices or work remotely when the COVID-19… Read more