New York
NYC Apt. Landlords Cut Back on Rent Discounts
As asking rents reach new highs, New York City’s apartment landlords know that would-be homebuyers are waiting for prices to… Read more
JV Refi’s 650 Madison for $800M
The joint venture that owns 650 Madison Ave., an office and retail property that houses the headquarters of Polo Ralph… Read more
New Rochelle Campus Sells at Auction
The 15.6-acre College of New Rochelle (CNR) campus has been sold at auction for $32 million. The winning bid came… Read more
Hudson Companies Signs TAMI Tenant in East Williamsburg
The Hudson Companies recently arranged a 3,600-square-foot, five-year lease with digital branding agency Moving Image & Content (MI&C) at The Breeze, a newly-renovated,… Read more
Postal Realty Trust Bulks Up with 113-Property Buy
Postal Realty Trust (PSTL) closed on the remaining 91 properties of the 113-property U.S. Postal Service Portfolio acquisition announced on… Read more
Retailer Everlane to Open Location in Boston’s Seaport
Direct-to-consumer retailer Everlane has announced plans to open a location in Boston’s Seaport District in Spring 2020. The retailer currently… Read more
$100M Project Will Extend Greenway from Upper East Side
City officials recently commemorated the start of construction on the East Midtown Greenway (EMG), a new waterfront public open space. The project,… Read more
Berkadia Secures $121M Acquisition Loan for Tampa Office Portfolio
Berkadia has secured a $121.5 million acquisition loan for a six-property office portfolio in Tampa’s downtown. The sales price of… Read more
Cove’s Hudson Commons Lands $724M Blackstone Financing
Cove Property Group closed on a $724.2-million financing for Hudson Commons, its redevelopment at 441 Ninth Ave. in Manhattan’s Hudson Yards submarket. The… Read more
Abacus Capital Acquires 284-Unit Renton MF for Nearly $60M
An affiliate of New York-based Abacus Capital Group LLC acquired The Renton Sage, a 284-unit garden-style multifamily property in Renton,… Read more
Safehold Closes on Ground Lease at 425 Park
Safehold Inc. closed on its previously announced acquisition of the ground lease at 425 Park Ave. for approximately $620 million.… Read more
ZEFR Continues Marx Realty’s Leasing Streak at 10 Grand Central
Content targeting company ZEFR signed a 15,000-square-foot, 10-year lease at Marx Realty’s 10 Grand Central. The company is relocating from 292 Madison… Read more
Creative Tenants Land at Brooklyn’s Box Factory
ABS Partners Real Estate arranged back-to-back leases at the Box Factory in Brooklyn. Pirate Studios, a music rehearsal space provider,… Read more
Paramount Closes $1.2B Refi on 1633 Broadway
Paramount Group recently completed a $1.25-billion refinancing of 1633 Broadway, its 2.5-million-square foot office tower in Midtown. Eastdil Secured arranged… Read more
Acadia Claims Coveted Melrose Retail Corridor Portfolio for $48M
White Plains, NY-based Acadia Realty Trust acquired a collection of irreplaceable retail real estate on the exclusive and internationally sought-after… Read more
Federal Realty Pays $84M for Brooklyn Retail
Federal Realty Investment Trust (FRT) acquired Georgetowne Shopping Center, a 147,000-square-foot grocery-anchored neighborhood shopping center in Brooklyn, for $83.7 million cash. Published… Read more
IT Solutions Provider Makes Move to 295 Madison
Colliers International represented BCM One, a managed-technology solutions provider, in a 10-year lease for 15,875 square feet at Eretz Group’s… Read more
Keyes Steps Down as Annaly CEO; Search Committee Formed
Kevin Keyes has stepped down as chairman, CEO and president of Annaly Capital Management, while also giving up his seat… Read more
Landsea, DNA Break Ground on 540 Sixth Condos
Landsea Homes and DNA Development broke ground on 540 Sixth Ave., their 12- story mixed-use development at the corner of… Read more