New York
Lightstone Snaps Up Mott Haven Parcels for Cash
Lightstone wasted no time in snapping up a pair of development sites in the South Bronx’s Mott Haven neighborhood, the… Read more
Euro Properties Exits Stake in East 59th Street Site
Hong Kong-based Euro Properties has sold its managing stake in the development site at 118 E. 59th St. The buyer is a… Read more
McCaffery’s Twelve01West Delivered to Fulton Market
Twelve01West, McCaffery Interests’ Class A office development in the Fulton Market District, is substantially complete, general contractor W.E. O’Neil Construction… Read more
NorthMarq Arranges Refis on LI Industrial, Bronx MOB
The Long Island and New York City offices of NorthMarq recently collaborated to arrange $15.1 million in financing for three industrial properties… Read more
Office/Retail Build in Harlem Hits the Market
A newly-constructed office and retail property at 286 Lenox Ave. in Harlem is coming to market via Avison Young. The asking… Read more
Compound Launches Cityfund with 49% Stake in Downtown Apartments
Compound Asset Management has launched an investment product, Cityfund, with a quartet of downtown residential properties as its first acquisition.… Read more
JLL Markets Gowanus Development Site
EcoRise Development has hired JLL to market a development site containing 514 Union, 469 President St. and 473 President St,… Read more
NYC’s Life Sciences Industry on Steep Growth Trajectory
New York City’s supply of lab space for life sciences is expected to double over the next two years from… Read more
Appetite for Food Halls Fuels Retail Sector
By Dennis Kaiser A recently-redeveloped retail center and curated market food hall is up for sale in Irvine, CA. The… Read more
Berkadia Launches Structured Capital Group
New York-based Berkadia acquired Central Park Capital Partners (CPCP), a boutique real estate capital advisory firm that focuses on arranging… Read more
North Bronx Multifamily Trades with “Tremendous Rental Upside”
Meridian Capital Group’s Meridian Investment Sales division has arranged the sale of 215 E. 197th St., a multifamily property in… Read more
Pre-war Bensonhurst Apartments Fetch $8M
A four-story, 37-unit apartment building at 1865 77th St. in Brooklyn’s Bensonhurst neighborhood has sold for $8 million. GFI Realty… Read more
Tribeca is Now NYC’s Wealthiest Neighborhood
In spite of hedge fund billionaire Ken Griffin plunking down $238 million to live there, the city’s wealthiest zip code… Read more
Planning The Unexpected Merchandising Mix
By Dennis Kaiser Incubator retailing, specialization, flash retail, or inspired marketplaces are quickly evolving into a growing norm that centers… Read more
Saban Sells 14-Office Portfolio for $430M, Adds DC Asset for $170M
An affiliate of Los Angeles-based Saban Real Estate reportedly completed the sale of a 14-property office portfolio to Washington, D.C.-based… Read more
LES Mixed-Use Properties Come to Market
The tri-state investment sales group for Avison Young has gotten the assignment to sell two mixed-use properties on the Lower… Read more
Industry City’s Owners Seek Rezoning
A partnership of Jamestown, Belvedere Capital and Angelo, Gordon & Co. has filed a rezoning application with the Department of… Read more
Carlyle Group Adds a Floor to One Vanderbilt Occupancy
The Carlyle Group has expanded its 15-year lease to occupy an additional 32,592 square feet covering the entire 35th floor at SL Green… Read more
Construction Launches on Bronx Affordable Seniors Complex
Construction has begun on Arthur Avenue Apartments, a $91-million affordable seniors housing development in the Belmont section of the Bronx.… Read more