New York
Insights from REBNY Gala: Great Expectations for 2020 (VIDEO)
At the recent 124th Annual Banquet and Awards Ceremony held by the Real Estate Board of New York (REBNY), Connect… Read more
J.C. Penney to Shutter 6 Stores & Call Center
Plano, TX-headquartered J.C. Penney announced plans to close down six stores by the end of April, as well as a… Read more
Insights from REBNY Gala: Industry Leaders Look Back on 2019’s Defining Moments (VIDEO)
The year that ended on December 31 was a momentous one for New York commercial real estate. From the rent… Read more
Faster Pace of 2020 Deliveries Could Ding Multifamily Fundamentals
Continuing a development boom that saw delivery of more than two million apartment units over the past decade, the volume… Read more
NKF Duo Secures Acquisition Loan for 111 Wall St.
NKF arranged a $145-million fixed-rate loan for the acquisition of 111 Wall St. An NKF team led by Dustin Stolly… Read more
Nonprofit City Harvest Lands New Warehouse Space in Brooklyn
City Harvest, DH Property Holdings and JLL closed on the sale and leasing of 150 52nd St. in Brooklyn, a… Read more
Property Values Up 4.7% Across NYC to $1.4T
Citywide property values increased by $62 billion, or 4.7%, to $1.38 trillion in the New York City Department of Finance’s… Read more
RFR’s Claffey Joins Ashkenazy as Leasing Lead
Ashkenazy Acquisition Corporation appointed Jordan S. Claffey as EVP, property leasing and development. Claffey will lead leasing and marketing for… Read more
VTS Rolls Out Retail Leasing Product
VTS is rolling out VTS Retail, a new product offering said to be the industry’s only leasing platform designed specifically… Read more
Pacific Oak-Sponsored DST Acquires Meridian Apartment Homes
A DST sponsored by Los Angeles-based Pacific Oak Capital Advisors acquired Meridian Apartment Homes, a 280-unit multifamily complex in Midland,… Read more
Midwood Acquires Historic Park Wilshire Apartments in Westlake for $38M
New York City-based Midwood Investment & Development has acquired Park Wilshire, an historic Los Angeles apartment building adjacent to MacArthur… Read more
Boutique Law Firm Expands at 1350 Broadway
Helmsley Spear represented Burgher Gray LLP in its expansion at Empire State Realty Trust’s 1350 Broadway. The boutique corporate and real estate law… Read more
Fitness Chain Establishes First NYC Location with RXR in Brooklyn
Fitness Factory Health Club signed an 18,000-square-foot lease at RXR Realty’s 475 Clermont, a luxury rental building on the border of Brooklyn’s… Read more
Avison’s Nelson Team Markets Greenwich Village Resi
The Tri-State Investment Sales Group for Avison Young is marketing the sale of two adjacent residential buildings at 103 and… Read more
Greystone Provides FHA Refi on Long Island SNF
Greystone provided a $71.3-million HUD-insured loan to refinance Massapequa Center Rehabilitation & Nursing, a 320-bed skilled nursing facility in the… Read more
REBNY: Real Estate Generates More Than 50% of NYC Tax Revenues
New York City’s real estate industry generated $31.9 billion in taxes over the last fiscal year, representing 53% of the… Read more
O-Zone Site in Shadow of Yankee Stadium Fetches Buyer
Cushman & Wakefield arranged the sale of 1000 Woodycrest Ave., a 17,200-square-foot development site three blocks from Yankee Stadium in… Read more
Black Bear Arranges Refi on Bronx MF Portfolio
Black Bear Capital Partners (BBCP) arranged $50.4 million in permanent financing on behalf of Finkelstein Timberger East Real Estate for the refinance of… Read more
CenterPoint Enters Brooklyn with 925K-SF Portfolio Deal
CenterPoint Properties acquired the leasehold interest in a 925,411-square-foot, three-building industrial portfolio in Brooklyn’s Flatlands neighborhood. Published reports say the… Read more