New York
Biotech Firm Takes R&D/Office Space at the Mink Building
Quentis Therapeutics signed a lease for 10,000 square feet of research and development/ laboratory/office space at Janus Property Group’s 1361… Read more
HPD Establishes Finance Program with Wells Fargo Grant
The New York City Department of Housing Preservation and Development has launched the Neighborhood Pillars Program with a $2 million… Read more
Urban Commons Names Salvatore Takoushian President, CFO
Los Angeles-based Urban Commons appointed Salvatore G. Takoushian President and CFO. The real estate investment banking veteran, who specializes in… Read more
Fifth Avenue’s Last Office Condo Sells for $18.7M
Cushman & Wakefield has arranged the sale of an 18,003-square-foot office condominium at 420 Fifth Ave. The final closing price… Read more
SJP Joint Venture Finalizes Buy of 470 Park South
A joint venture of SJP Properties and PGIM Real Estate has closed on its acquisition of 470 Park Avenue So.… Read more
Brooklyn, Queens Will See QOZ Investment, Says GFI
Crown Heights in Brooklyn and Far Rockaway in Queens, along with Harlem in Northern Manhattan, are expected to reap investment… Read more
Savills Studley’s Carlise Moves Over to Brokerage Team
Savills Studley has added Valerie Carlise to a New York brokerage team led by vice chairmen Daniel Horowitz and Jeffrey… Read more
AvalonBay Closes on Sale of $760M Portfolio
AvalonBay Communities (AVB) has completed the sale of its 80% interest in five Manhattan properties to a newly-formed joint venture… Read more
Healthcare Real Estate Insights Names 2018 Award Winners
Healthcare Real Estate Insights™ announced the winners of the 2018 HREI Insights Awards™, the only national awards dedicated to recognizing… Read more
Chase Q&A Series Part 1: An Economic and Demographic Perspective
By Kurt Stuart, Chase Commercial Term Lending I recently had the opportunity to speak with Reis economist Victor Calanog, PhD,… Read more
Parcel with Approved Plans Trades in Astoria
Cushman & Wakefield has arranged the sale of 25-79 31st St., a 19,715-buildable-square-foot development site in Astoria, Queens. The final… Read more
RPA Sees “State of Crisis” in NYC Public Housing
The de Blasio administration’s newly-issued NYCHA 2.0 plan aims to provide about $24 billion to address badly-needed repairs to the… Read more
CBRE Brokers Deconversion Deal in Edgewater Beach
CBRE’s Chicago office has brokered the sale of a 188-unit condominium deconversion property at 5815 N. Sheridan Rd. in the… Read more
Meridian Team Brings Bakery to Lower East Side
Meridian Retail Leasing, the retail leasing division of Meridian Capital Group, has arranged a long-term lease for a bakery at… Read more
Pebblebrook Divests San Francisco Hotel for $315M
Bethesda, MD-based Pebblebrook Hotel Trust sold the 681-room Park Central San Francisco hotel to Highgate Hotels LP. for $315.2 million.… Read more
Google Signs 180K-SF Deal at 345 Hudson in NY
Google signed a 180,000-square-foot lease for new office space at Trinity Hudson Holdings’ 345 Hudson St. in New York. The property’s… Read more
Alchemy Acquires Bed-Stuy Multifamily Portfolio
Alchemy Ventures has purchased a nine-building multifamily portfolio in Brooklyn’s Bedford-Stuyvesant neighborhood for $24.6 million from IWC General Partners. A… Read more
Investment Manager Renews, Expands on East Side
RP Management, the investment manager for pharmaceutical royalties firm Royalty Pharma, has signed a 10-year lease renewal and expansion at… Read more
Meridian Secures Non-Recourse Loan for Harlem MXU
Meridian Capital Group has arranged $36.5 million in financing for the acquisition and construction of a mixed-use property in Harlem,… Read more