New York
Tapping Into O-Zone Expertise at Connect Los Angeles
By Amy Sorter When the Tax Cuts and Jobs Act of 2017 was passed, little attention was paid to a… Read more
Berkadia Adds Trio of Directors to Mortgage Banking Team
New York-based Berkadia added three new members to its mortgage banking team: Managing Directors Carolyn Whatley and Laura Beaton, as… Read more
New State Budget Enacts Congestion Pricing, High-End Transfer Tax
(This article has been updated with new information) Gov. Andrew Cuomo and state legislative leaders reached an agreement Sunday on… Read more
CushWake Tapped to Lease Up Former Brewery
Cushman & Wakefield has been hired to provide marketing and leasing for The Mill LIC, a recently repositioned office/flex property… Read more
Reinsurer SCOR Takes 75k SF at 28 Liberty
SCOR has leased 75,000 square feet at Fosun Hive Holdings’ 28 Liberty St. in the Financial District. The Paris-based global… Read more
$136M in Green Financing for Rachel Bridge Apartments
Walker & Dunlop has structured $136 million in green financing for Rachel Bridge, the four-building, 960-unit rental complex atop the Trans-Manhattan Expressway leading… Read more
Eastdil Selling to Guggenheim-Led Partnership
Wells Fargo is on the verge of selling Eastdil Secured after a 20-year hold on the investment sales platform. The… Read more
Lawmakers Want Cashless Stores to Cash Out
Amazon may do lots of business in New Jersey, but it isn’t likely that the e-commerce giant will open an… Read more
WeWork Continues PHX Expansion with Four-Floor CBD Deal
New York-based WeWork established its first downtown Phoenix location at 101 North. The shared workspaces company will lease four full… Read more
SL Green JV Trades 521 Fifth for $381M
A joint venture of SL Green Realty Corp. and an institutional investment partner has agreed to sell 521 Fifth Ave.… Read more
CXP, Normandy Will Reposition 250 Church for Tribeca Office Market
Columbia Property Trust (CXP) and Normandy Real Estate Partners LLC have agreed to purchase 250 Church St., a 235,000-square-foot, 16-story… Read more
Lee NYC Brokers Baychester Sale to Bronx Congregation
Lee & Associates NYC’s Alfonso Holloman has arranged the sale of 1575 E. Gun Hill Rd., between Kingsland and Mickle avenues, in the… Read more
Lightstone, PKS Partner on Opportunity Zone Platform
Lightstone is partnering with PKS Group LLC, led by former Goldman Sachs partner Peter K. Scaturro, on an Opportunity Zone… Read more
Con Ed Trades South Williamsburg Parcel
Con Edison has sold a commercial development site at 500 Kent Ave. in South Williamsburg for $50 million. A JLL… Read more
Hilfiger’s Fifth Ave. Flagship Will Go Dark
Another Fifth Avenue retail flagship will go dark, as Tommy Hilfiger announced it would shutter the 22,000-square-foot 681 Fifth Ave.… Read more
Clinton Hill’s Chocolate Factory Rentals Go on the Market
Hodges Ward Elliott is marketing the sale of a residential property located at 275 Park Ave., also known as the Chocolate Factory, within the… Read more
Lightstone Books $155M Refi for Moxy Chelsea
Lightstone has closed on $155 million in financing from LoanCore Capital and KSL Capital Partners for Moxy Chelsea, a 349-key Marriott… Read more
Not-for-Profit Investment Sales Outpace Citywide Gains
Citywide, not-for-profit and public sector leasing and investment activity last year was off 6% from 2017 levels, Cushman & Wakefield’s… Read more
Williamsburg Mid-Rise Lands Nearly $20M Financing
Berkadia has arranged $19.6 million in financing for 240 Meeker, a mid-rise condominium development in Brooklyn’s Williamsburg neighborhood. Stewart Campbell… Read more