New York
Hudson Valley on Track to Begin Reopening; LI May Be Next
Gov. Andrew Cuomo said Saturday that New York City’s northern suburbs in the Mid-Hudson Valley were on track to begin… Read more
Kimco Reduces Stake in Albertsons
Kimco Realty Corp. will partially monetize its investment in Albertsons Companies Inc. in conjunction with Albertsons’ $1.75-billion sale of convertible… Read more
GID Signs Luxury Wine Store to Waterline Square
Somm Cellars Wine & Spirits, a luxury wine store concept from renowned sommeliers Jason Jacobeit and Daniel Jung, has signed… Read more
Staten Island Ferry Restored to Half-Hourly Service
Calling it a sign things are moving in the right direction, New York City Mayor Bill de Blasio said Thursday… Read more
RE Groups Call for Freeze on NYC Property Tax Rates
A diverse group of business and property owners, civic leaders and community advocates asked the de Blasio administration to provide property tax relief to offset rising expenses… Read more
NYC Apartment Landlords Pitch in with “Out-of-the-Box” Relief for Vulnerable Tenants
Since the COVID-19 pandemic spread to the U.S., New York City has been its epicenter. The city by itself has… Read more
Webinar: Three Regions, Three Views of Pandemic Recovery
By Paul Bubny Real estate, it is often said, is local. However, that’s especially true when it comes to navigating… Read more
Fairstead Names Asset Management VPs on Affordable, Mixed-Income Sides
Fairstead has appointed Kevin Day as VP of asset management for its affordable properties, and Robert Dunn as VP of… Read more
Riverdale Site Will Become Apartments
Cushman & Wakefield arranged the sale of 6375 Broadway, a 55,142-buildable-square-foot development site in the Riverdale neighborhood of the Bronx. The… Read more
REBNY Sees “Alarming” Decline in Transaction Tax Revenues
Tax revenue generated from investment and residential sales in New York City and New York State decreased by 48% from April… Read more
Meridian Retail Brings QSR to Lenox Avenue
Meridian Retail Leasing, the retail leasing division of Meridian Capital Group, has arranged a long-term, 540-square-foot lease for Chick’nCone at… Read more
Charney, Tavros Launch Leasing at Dime Savings Bank Tower
Leasing has launched at The Dime, a 23-story terra-cotta and glass tower architecturally intertwined with the landmarked 1908 Dime Savings Bank… Read more
NY State, City Face Shortfalls in Tax Revenues
The news on the tax revenue front from New York State Comptroller Thomas DiNapoli is sobering at both the statewide… Read more
NYC Ferry Service Sees Temporary Cuts, Permanent Changes
Service modifications on NYC Ferry service went into effect Monday, including modifications enacted in response to the COVID-19 crisis along… Read more
Berkadia Arranges Equity Recap for $138M Florida and Georgia MF Portfolio
Berkadia has arranged an equity recapitalization for a $138 million, 1,217-unit multifamily portfolio in Florida and Georgia. The portfolio is… Read more
Greystone Arranges DUS Debt on Ridgewood Apartments
Greystone provided $30,865,000 in Fannie Mae Delegated Underwriting and Servicing (DUS) loans to refinance a pair of multifamily properties in Queens… Read more
Industrious, Thor Equities Partner at Midtown Offices
Thor Equities Group is partnering with shared workspace provider Industrious to operate three full floors of shared office space at… Read more
JLL Tapped for Equity Raise on BRP’s Archer Towers
JLL Capital Markets was selected by BRP Companies to arrange joint venture equity financing for the construction of the $286-million Archer Towers project.… Read more
5 Upstate NY Regions Begin Reopening; Some Beaches to Open with Restrictions
Five upstate New York regions have met all seven metrics to begin reopening, Gov. Andrew Cuomo said Friday. For New… Read more