New York
Rezoning, Opportunity Zones Spur Bronx Development Site Sales
The Bronx’s investment sales market held steady in 2018, with multifamily properties a primary driver, Ariel Property Advisors said in… Read more
Naftali Group Finds Bigger Space at Carnegie Hall Tower
Lee & Associates NYC’s Corey Abdo, David Toran and Ari Waldman have negotiated a 10-year, full-floor lease of 8,455 square… Read more
Edison’s Ludlow Rentals Land $75M Refi via Greystone Bassuk
Greystone Bassuk has closed on a $75-million Fannie Mae loan to Edison Properties LLC for the Ludlow, a 23-story, 241-unit… Read more
Hunt Finances Acquisition of Jacksonville MF
New York-based Hunt Real Estate Capital provided a Fannie Mae conventional multifamily loan in the amount of $35.6 million to… Read more
$165M in Financing Arranged for Downtown Brooklyn Condo Development
HFF secured $165 million in financing for the development of One Boerum Place, a 21-story, luxury mixed-use condominium project in… Read more
Medici Brings Quarters Co-living to Bed-Stuy
Medici Living Group’s Quarters co-living brand is coming to Brooklyn, with a ground-up development in Bedford-Stuyvesant. The owner and developer… Read more
CBRE Team Brokers $130M Boutique Sale in NoHo
CBRE’s Darcy Stacom, William Shanahan and Ryan Spector have arranged the $130.5-million sale of 0 Bond St., also known as 670-674 Broadway,… Read more
Political Tensions Ratchet Up as Amazon Questions LIC Plans
A report in the Washington Post that Amazon may be reconsidering the Long Island City portion of its two-campus scenario… Read more
Investor Demand Remains High for Chicago Office
Chicago slipped year over year in the rankings of Institutional Property Advisors’ U.S. Office Index, in common with New York,… Read more
Northern Manhattan Market: Deals Down, Dollars Up
Northern Manhattan investment sales saw both increases and a year-over-year decrease in 2018, according to Ariel Property Advisors data. Although… Read more
NY’s Midtown Grand Hyatt May Be Razed for 2M-SF MXU
The Grand Hyatt New York, which represented Donald Trump’s first major development in Manhattan, could be torn down next year… Read more
Transwestern Appoints New Presidents for East, West Regions
Connect Houston is taking place on February 26, 2019. For more information — or to attend — click here. Houston-based… Read more
Cedar Realty Trust Brings Appetite for “Food Deserts”
By Dennis Kaiser Port Washington, NY-based Cedar Realty Trust is fundamentally retooling its strategy in the face of an ultra-challenging… Read more
JLL Hires Brokerage Team to Expand Westchester/Fairfield Base
JLL has hired the team of Al Gutierrez as managing director, Ian Ceppos as EVP and Stephanie Coleman as VP… Read more
JFK’s Terminal 8 to Receive $344M Upgrade from Airlines
American Airlines and British Airways will invest $344 million in John F. Kennedy International Airport to expand and improve the… Read more
GFI Markets Prewar Apartments in the Bronx’s Tremont Section
GFI Realty Services has been named the exclusive sales agent for 617 E. 179th St., a fully-occupied nine-unit multifamily building in the Tremont section of the Bronx. The… Read more
Apartment Sales Set Record in 2018 Amidst Rising Interest Rates, Market Maturity
By Dennis Kaiser A record volume of multifamily sales was recorded in 2018, though transaction activity slowed in the fourth… Read more
Clarion Claims San Francisco Building for $336M, Largest Since 2017
New York-based Clarion Partners acquired 215 Fremont St. in San Francisco from Jack Resnick & Sons for $335.5 million. The… Read more
Silver Spring MF Snagged for $87M
Rockville, MD-based The Donaldson Group, New York-based Declaration Capital and a fund managed by DRA Advisors acquired Montgomery White Oak… Read more