New York
SCALE Lending Issues $305M Loan for Mott Haven Multifamily
SCALE Lending, the debt financing arm of Slate Property Group, issued a $305-million construction loan for a new multifamily project located… Read more
Jonathan Rose Cos. Closes $660M Impact Fund
New York-based Jonathan Rose Companies, a leading mission-driven real estate investment and development firm, has reached final close of Rose Affordable Housing Preservation Fund VI,… Read more
Renowned S. Florida Developer, Donald Soffer, Passes Away at 92
Donald M. Soffer, the visionary behind the town of Aventura, died at his home in Aventura, Florida, at the age… Read more
U.K. Biotech Firm Relocates Lab and Office Space to Alexandria Center
JLL completed a sublease for growing U.K.-based biotech company Ochre Bio at 430 E. 29th St. within the Alexandria Center… Read more
SL Green Tops $1B Goal for Opportunistic Debt Fund
SL Green Realty Corp. said it has surpassed its initial $1-billion fundraising goal for the SLG Opportunistic Debt Fund, with… Read more
Sigma Computing Joins Tenant Roster at SL Green’s One Madison Ave.
SL Green Realty Corp. has signed a new 64,077-square-foot lease with Sigma Computing, Inc. for a portion of the third… Read more
Vornado Refinances Midtown’s PENN 11 for $450M
Vornado Realty Trust has completed a $450-million refinancing of PENN 11, a 1.2-million-square-foot Manhattan office building located in Midtown Manhattan’s Penn District. The five-year,… Read more
Convene Comes to SoHo’s Scholastic Building for 16th NYC Venue
Convene, a hospitality company that designs and manages premium meeting, event and flexible workspaces, is expanding into Lower Manhattan’s SoHo… Read more
Construction Launches on Massive East New York Redevelopment
Construction is underway at Innovative Urban Village Phase 1A, a 385-unit affordable housing development with commercial space for a fresh food grocery… Read more
Alphabet City Mixed-Use Refinanced for $3M
ERG Commercial Real Estate arranged a $3-million refinance of 79 Ave. A, a four-story, mixed-use property located on Avenue A between… Read more
Skanska Tops Out AI Research Building at Cold Spring Harbor Laboratory
Skanska and Cold Spring Harbor Laboratory (CSHL) topped out the Artificial Intelligence and Quantitative Biology building at CSHL. This marks… Read more
Drake Real Estate Exceeds $500M Target with Fifth Fund
Drake Real Estate Partners, a New York City-based real estate investment manager pursuing under-the-radar value-add opportunities, has closed its fifth flagship… Read more
Conference Board Relocates to Full Floor at 875 Third Ave.
Global nonpartisan think tank The Conference Board, Inc. has signed a 20-year lease at Global Holdings’ 875 Third Ave. in… Read more
Bed-Stuy Development Site Trades for $11M
Cushman and Wakefield closed the sale of a prominent Brooklyn development site located at 703 Myrtle Ave. in Bedford-Stuyvesant for… Read more
NYC Construction Employment Still Lags Pre-Pandemic Levels
New York state is one of five states that have not recovered from pandemic job losses in the construction sector… Read more
Ytech Building Another Brickell Highrise
Ytech is developing 7 Broadway, which would total 400,892 square feet in 54 stories, with 113 condos and 193 parking… Read more
Brownsville Arts Center & Apartments Reaches Financial Close
Gilbane Development, in partnership with Blue Sea Development, Artspace, and the City and State of New York, has closed on… Read more