New York
Palmer Development Launches Construction on the 234K-SF MXU Edge
Palmer Development Group of Scottsdale, AZ and New York-based Dominion Management Co. broke ground on The Edge, a mixed-use project… Read more
John Buck Under Contract for Sale of Former CNA Center
The John Buck Company (TJBC) is set to cash out on 333 S. Wabash Ave., a 1.2-million-square-foot office tower that’s… Read more
Q4 Brings Strong Finish to Slower Year for Manhattan Investment Sales
Notwithstanding a strong fourth quarter, Manhattan investment failed to keep the momentum going from 2018 to 2019, Avison Young reported.… Read more
WeWork Exits Minority Stake in The Wing
As The Wing prepares to open its second Brooklyn location in Williamsburg, WeWork has completed the sale of its minority… Read more
GFI Markets Resi, Retail Condo Package in Harlem
GFI Realty Services was named sales agent for a retail and residential condominium package located at 1890 Adam Clayton Powell Jr. Blvd., a prewar,… Read more
Law Firm Opts for Space Efficiency in 140 Broadway Renewal
Law firm Labaton Sucharow opted for efficiency in renewing its lease at 140 Broadway in the Financial District, committing to 57,000 square… Read more
Put Leading CRE Brokers into the Limelight
For the third consecutive year, Connect Media will be spotlighting the industry’s top brokers. We’re inviting you to help us… Read more
Landmarks Commission Signs Off on Massive Terminal Warehouse Revamp
The city’s Landmarks Preservation Commission (LPC) unanimously approved the redevelopment plan for Terminal Warehouse, the historic former storage facility that L&L… Read more
Morgan Group’s Bronx Apartments Score $143M Refi
Black Bear Capital Partners (BBCP) arranged $142.6 million in permanent financing on behalf of The Morgan Group for the refinance of an 18-property multifamily portfolio in… Read more
Serendipity Labs Will Roll Out Six More Flexible Space Locations
Flexible workspace provider Serendipity Labs, headquartered in Rye, NY, plans to roll out six new locations in 2020. Serendipity is… Read more
Citizens Commercial Provides Loan on Boston’s First Co-Living Project
Citizens Commercial Banking’s commercial real estate finance team is providing a $53-million loan to National Development for the construction of 7INK, a… Read more
Last-Mile Queens Industrial Trades to Prologis
NKF brokered the sale of 24 Woodward Ave., a key property for last-mile distribution and warehouse in Queens’ Ridgewood neighborhood.… Read more
Walker & Dunlop, GeoPhy Launch MF Appraisal Company
Bethesda, MD-based Walker & Dunlop and New York City-based GeoPhy have teamed up to launch a new multifamily appraisal company… Read more
Manhattanville’s Mink Building Adds Turnkey Lab Space
The Janus Property Company completed its newest purpose-built lab space at the Mink Building at 1361 Amsterdam Ave. in West… Read more
Leasing Momentum Continues at Rudin’s 55 Broad St.
The Rudin Family finalized three leases totaling 19,579 square feet at 55 Broad St. Paris-based engineering consultant SYSTRA Consulting completed a… Read more
Moinian, Boston Properties Unveil New Design for Far West Side Tower
The Moinian Group and Boston Properties (BXP), developers of 3 Hudson Blvd. in the Hudson Yards district on Manhattan’s Far… Read more
Berkadia Arranges Stretched Senior Loan for Midtown Resi
Berkadia secured stretched senior financing (i.e. a senior loan with a mezzanine loan component) for Emmut Properties’ new 60-unit residential… Read more
Park Slope Rentals Trade for First Time in 40 Years
NKF arranged the acquisition of 96 Sterling Pl., a five-story walk-up in Brooklyn’s Park Slope, on behalf of buyers Peak Capital and… Read more
RCA: Despite “Tepid” End to 2019, CRE Decade Was “Fantastic”
Taking the long view, Real Capital Analytics’ Jim Costello calls the past 10 years “a fantastic decade for U.S. commercial… Read more