New York
Co-living Crusade Finding a Home in U.S.
By Dennis Kaiser Co-living is the newly-arriving cousin to co-working, a workspace movement that has spread across the country in… Read more
W. P. Carey Completes $188M in Investments
New York-based W. P. Carey Inc. completed five investments across multiple state totaling roughly $188 million. The investments comprise mission-critical… Read more
New Deputy Mayor Intends to “Take It Up a Notch” on Affordability
Mayor Bill de Blasio named Vicki Been as Deputy Mayor for Housing and Economic Development, succeeding Alicia Glen. Her new… Read more
JLL Arranges 94k SF of Subleases at 1 WTC
JLL has completed two new subleases totaling 94,179 square feet on behalf of Condé Nast at One World Trade Center.… Read more
BMO Fills Former Condé Nast Space in Times Square Relocation
The Durst Organization has filled the last remaining 151 W. 42nd St. vacancy left by Condé Nast’s departure, as part… Read more
NYC Investor Snags Nexus Urban Living
New York City investor Nathan Mann snagged Nexus Urban Living, a 75-unit, recently- renovated apartment complex in San Antonio. Zar… Read more
Q1 Offers “Mixed Bag” for Manhattan Office As Rents Hit New Highs
Despite an uptick of 10 basis points in availabilities, Manhattan’s office market had a good first quarter, according to preliminary… Read more
Knighthead Provides Debt for Brooklyn Warehouse Conversion
Knighthead Funding LLC has provided Cayuga Capital Management with $22 million in short-term debt to finance the conversion of a vacant… Read more
BXP Reportedly Puts 540 Madison on the Block
Boston Properties (BXP) has put 540 Madison Ave. on the market, according to Crain’s New York Business. The REIT reportedly… Read more
HFF Closes Sale of Imaging Facility in Garden City
HFF recently closed the $11.468-million sale of a 16,920-square-foot outpatient imaging facility that is triple-net master-leased to New York University… Read more
Sharp Increase Recorded in L.A. MF Transaction Volume
Los Angeles emerged as the third most active multifamily investment market in the U.S., behind New York and Dallas in… Read more
Orange County Choppers Iconic NY HQ Transformed into Entertainment Destination
New York-based Diamond Properties, in partnership with Orange County Choppers, opened Grand Prix Orange County Racing and Entertainment in Newburgh,… Read more
Lee NYC Rebrands Property Management, Project Management Lines
Lee & Associates NYC has rebranded its commercial property management and project management businesses. The respective businesses, formerly known as… Read more
Mission Capital Provides Bridge Debt on First-of-Its-Kind Ace Hotel
Mission Capital Advisors has arranged $80 million of bridge financing for the recently-completed Sister City hotel, a 200-key hospitality property… Read more
Related, WarnerMedia in $2B Sale-Leaseback at Hudson Yards
AT&T Inc.’s WarnerMedia unit has agreed to a sale-leaseback of its 1.5-million-square-foot space at 30 Hudson Yards, Bloomberg News reported.… Read more
iCapital Doubles Space at One Grand Central Place
Financial technology platform iCapital Network has doubled its footprint at Empire State Realty Trust’s (ESRT) One Grand Central Place to… Read more
Merchants Capital Secures Financing on 2 Affordable Projects
Mortgage banking firm Merchants Capital has secured financing for two affordable housing developments in East Harlem and Brooklyn’s Flatbush neighborhood, totaling more… Read more
Congestion Pricing: How It Plays Out is TBD
The inclusion of congestion pricing in the fiscal 2020 New York State budget is “a historic moment for our state,”… Read more
NYC Family Offices Buy in Fast-Growing Des Moines Suburb
Besyata Investment Group and the Scharf Group, both New York City-based family offices, have completed the Phase II acquisition of… Read more