New York
CushWake Secures JV Equity for 350K-SF Industrial Facility in Bridgewater
Cushman & Wakefield secured the construction financing and joint venture equity for DeBartolo Development’s 350,000-square-foot speculative distribution facility at 725… Read more
Ledesma Joins HWE’s Investment Advisory Team
Anthony Ledesma has joined Hodges Ward Elliott’s commercial investment advisory team as managing director. He’ll be based in the firm’s… Read more
Repositioned Chelsea Offices Trade to MC Real Estate
MC Real Estate Partners LLC (MCRE) and a private investor have acquired 155 W. 23rd St. in Chelsea from The Kaufman Organization and Goldman… Read more
$9B Plan to Close and Replace Rikers Island Goes to City Council
The City Planning Commission voted 9-3 Tuesday for a plan to build jails in Manhattan, the Bronx, Queens and Brooklyn that would… Read more
Avison Young Handles Body Fit Training Expansion, Signs 1st U.S. Lease in Santa Monica
Avison Young was named the exclusive U.S. property representative for Australia-based Body Fit Training, and will help coordinate the fitness… Read more
Opportunity Zones Ideal for Sustainability
Mention the term “Opportunity Zones,” and what might come to mind are commercial real estate developments in one of the… Read more
Report: O-Zone Housing Prices Lower than National Median
A report recently released by ATTOM Data Solutions revealed what could probably be considered unsurprising news. Namely, in its analysis… Read more
Yes, Agribusiness Can Capitalize on the O-Zone Program
Much of the discussion about the Opportunity Zones program focuses on capital infusions within lower-income census tracts in urban cores.… Read more
GUEST COMMENTARY: NYC’s New Tenant Laws May Ultimately Only Benefit Wealthy Renters
By Maria Belen Avellaneda The recently-passed Housing Stability and Tenant Protection Act of 2019 has become the subject of an… Read more
DEP Will Add 5,000 Rain Gardens to City Sidewalks
The city’s Department of Environmental Protection has begun construction of more than 5,000 specially-designed curbside rain gardens in Brooklyn, the… Read more
New York Investor Snags San Bernardino MF for $37M
New York-based Dalan Management acquired The Vue Apartment Homes in San Bernardino, CA for $37.4 million. The 197-unit multifamily community… Read more
RFP Seeks Construction Manager for JFK Redevelopment
The Port Authority of New York and New Jersey has issued a request for proposals, soliciting bids for the job… Read more
Verco Makes 2 White Plains MF Buys
Verco Properties recently acquired two White Plains apartment communities developed by Lighthouse Living company. The developments are The Reed at… Read more
$100M Office Building Replaces Cold Storage Facility in DTLA Arts District
Denver-based Continuum Partners commenced demolition work at the future site of its ProduceLA project, a $100-million, ground-up creative office development… Read more
PUMA Opens Doors to Fifth Avenue Flagship
PUMA opened the doors to its first-ever North American flagship store at SL Green Realty Corp.’s 609 Fifth Ave. The… Read more
Watchdog Says NYC Gov’t Needs to Rein in $1B Leasing Costs
New York City’s municipal government needs to do a better job of reining in its office leasing expenses, which now… Read more
Development Veteran Tepper Hired by Governors Island Trust
The Trust for Governors Island hired Christopher Tepper as chief development officer. Most recently with Hudson Companies, Tepper has more… Read more
Digital Agency Renews Lease with Denholtz in Red Bank
Denholtz Properties signed a lease renewal with DefinedLogic LLC for 12,224 square feet of office space at 116 Chestnut St. in… Read more
ACRES Furnishes Construction Debt for LIC Mixed-Use
ACRES Capital Corp. originated a $35-million loan to complete the construction of 23-20 Jackson Ave., a nine-story, 82,000-square-foot mixed-use property… Read more