New York
PCCP Provides $152M to Recap Brooklyn’s Pioneer Building
PCCP LLC has provided a $152-million senior loan for the recapitalization and lease-up of 41 Flatbush Ave. in Downtown Brooklyn.… Read more
$135M Sharia-Compliant Financing Arranged for Multi-State Student Housing Portfolio
HFF arranged the capital stack for a six-property student housing portfolio totaling 911 units with 2,059 beds in Alabama, Florida,… Read more
Sinatra, L5 Investments JV Nabs 740-Unit MF in South Bend
A joint venture led by Buffalo, NY-based Sinatra & Company Real Estate and El Dorado Hills, CA-based L5 Investments, along… Read more
15 Bridge Park Opens with Mix of Affordable and Market-Rate Apartments
City officials cut the ribbon Tuesday on 100 newly-constructed units of affordable housing at 15 Bridge Park in Brooklyn Heights.… Read more
Avison Young Arranges Deal for Weill Cornell Development
Weill Cornell Medical College has purchased a development site with a zoning floor area of 112,420 square feet at 1393… Read more
Building Congress Likes Mayor’s Plans for Capital Projects
The New York Building Congress says the de Blasio administration’s preliminary capital budget represents a commitment to meet lofty infrastructure… Read more
Meridian Arranges Refi on Class A Apartments in Somerville
Meridian Capital Group recently arranged $27.5 million in financing to refinance the Cobalt, a multifamily property in Somerville, NJ on behalf… Read more
Hunt Snags Proprietary Loan Underwriting Software from RealtyMogul
Connect Los Angeles is set for March 21st at the Hotel Indigo Downtown Los Angeles. You can get more information… Read more
MRC Lines Up 1st Mortgage on New Build in Bellerose
Madison Realty Capital (MRC) has closed a $21.4-million first mortgage loan collateralized by a 78,313-square-foot, mixed-use commercial building in eastern… Read more
Compass Markets Murray Hill Multifamily with View Toward Mixed-Use
Compass Vice Chairs Ronda Rogovin and Adelaide Polsinelli (pictured) have been hired to market 116 E. 37th St., an income-producing multifamily… Read more
Cuomo, de Blasio Want MTA Reorganization, Congestion Pricing
A reorganization of the Metropolitan Transportation Authority (MTA), and the enactment of congestion pricing to help fund it, are among… Read more
Upstate MOB Portfolio Trades for $45M
Jacobson Properties and Cushman & Wakefield/Pyramid Brokerage Company of Binghamton recently arranged the $45-million sale of the New York State… Read more
Omni NY Completes Affordable Development in Bronx’s Melrose Section
City officials joined representatives of Omni New York recently to mark the completion of Park Avenue Green, a 154-unit affordable… Read more
Howard Hughes, Live Nation Slate Seaport’s 2nd Rooftop Concert Series
The Howard Hughes Corporation and booking partner Live Nation Entertainment have unveiled the initial lineup for the second annual Summer Concert Series on The… Read more
Boutique Wyndham Property in LIC Books $19M Mortgage
CapStack Partners has arranged a $19-million mortgage for the Ravel Hotel in Long Island City. The 113-key boutique property at 8-08 Queens Plaza is… Read more
RXR Tops Out on Waterfront Condos in Glen Cove
RXR Realty topped out recently on the Beacon at Garvies Point, a 167-unit condominium complex on the waterfront of Glen… Read more
Amazon Pullback “Far from a Devastating Blow”
When Amazon announced plans to build a campus in Long Island City, the e-commerce giant’s arrival was seen as a… Read more
On-Demand Storage Company Raises $200M to Expand
Connect Los Angeles is planned March 21st at the Hotel Indigo Downtown Los Angeles. You can get more information and… Read more
Kushner Bulks Up Apartment Portfolio with $1.1B Lone Star Deal
Kushner Cos. has acquired more than 6,000 apartments in the Washington, D.C. suburbs of Maryland and Virginia from Lone Star… Read more