New York
Turnbridge Buys South Bronx Site for Industrial Development
Manhattan-based Turnbridge Equities has purchased a 10-acre industrial development site in the South Bronx’s Port Morris area for $56.2 million,… Read more
Buildings Commissioner Chandler to Step Down
Buildings Commissioner Rick Chandler will retire Jan. 31 after 31 years with city government, including 20 with the Department of… Read more
Nominate One of the Year’s Top Commercial Brokers
Do you know a commercial real estate broker or team who made a big impact in 2018? For the second… Read more
Opportunity Zone Funds Come in Different Shapes and Sizes
The Dec. 3 update of Qualified Opportunity Zone funds, compiled by the National Council of State Housing Agencies (NCSHA), lists… Read more
Bronx Development Site Hits New Pricing High
Cushman & Wakefield has arranged the sale of 761-775 E. 233rd St., a 69,990-buildable-square-foot development site in the Wakefield neighborhood… Read more
Multifamily in BK’s Cultural District Gets $32M Loan
HFF has arranged $32 million in financing for Jonathan Rose Companies’ Caesura, a newly-completed, 123-unit residential building with ground-floor retail… Read more
Industry Leaders Share What REBNY Means to Them (VIDEO)
“There are economies that come and go, there are mayors that come and go, there are governors that come and… Read more
Trump Order May Improve Opportunity Zone Success Chances
Part three of a three-part series. By Dave Sorter The future viability of Opportunity Zones received a big boost on… Read more
New York Life Claims Chicago Tower for $150M
A New York Life Real Estate Investors venture acquired 200 W. Jackson Blvd., a 28-story Chicago office tower for roughly… Read more
Polsinelli Brokers Sale of Greenwich Village Retail Condo
Adelaide Polsinelli, vice chair of the newly-launched investment sales division at Compass, and colleague Mitchell Goldstick have arranged the sale… Read more
Civic Leader Menin Named NYC Census Director
Veteran civic leader Julie Menin, who played a key role in the post-9/11 redevelopment of Lower Manhattan, has been named… Read more
CareMount Medical Expands Downstate to Murray Hill
CareMount Medical PC has expanded its reach from New York City’s northern suburbs to Manhattan itself. The physicians and employees… Read more
Maverick Provides Loan for Pilsen Co-living Project
Following its financing of a commercial development in the West Side’s historic Pilsen neighborhood, Maverick Commercial Mortgage, Inc., has followed… Read more
Greystone Arranges Fannie Mae Debt for Brooklyn Apts.
Greystone has provided $11,727,000 in Fannie Mae loans to refinance a portfolio of multifamily properties in Brooklyn’s Bushwick and Bedford-Stuyvesant… Read more
Price Drops Now Drive NYC Condo Deals
Pricing in New York City’s for-sale housing, including condominiums and co-ops, is off as much as 20% from the summer… Read more
The Billion Dollar Club: 2018’s Most Expensive Healthcare Development Projects
In 2018, 12 hospitals and health systems announced or unveiled facility expansions and renovations with price tags of $1 billion… Read more
NYC Allocates $52M to Improve Public Hospital System
New York City’s public hospital system—NYC Heath + Hospitals/Metropolitan—will benefit from $52 million in capital investment projects. The investment will… Read more
It’s Official: California is Exporting Many Jobs to Texas
In recent months, headlines have focused on company shifts from California to Texas. Analysts from the Federal Reserve Bank of… Read more
Jernigan Adds LI CubeSmart Facility to Portfolio
Memphis-based REIT Jernigan Capital (JCAP) has acquired the membership interest of its developer partner in a recently-completed self-storage facility in… Read more