New York
Clinton Hill Parcel Sold for Multifamily Development
GFI Realty Services has arranged the $2.15-million sale of 508 Waverly Ave., an 1,875-square-foot development site in Brooklyn’s Clinton Hill… Read more
NYCEEC Finances Clean Fuel Conversions Across 6 Bronx Buildings
Nonprofit specialty finance company NYCEEC has provided $1.4 million in loans to six buildings in the Bronx, all managed by… Read more
City Will Seek More As-of-Right Uses in SoHo, NoHo
The de Blasio administration plans to announce a rezoning effort in SoHo and NoHo this fall that will permit more… Read more
Cypress, HighBrook Divest Mission Valley Asset to CIF Group for $20M
35 North, a newly-renovated, multi-tenant office campus in San Diego’s Mission Valley, has sold to CIF Group, a private Los… Read more
Allergan USA Will Open First NYC Office at 261 Madison
Global pharma company Allergan USA will open its first New York City office in a full-floor prebuilt at the Sapir… Read more
SG Blocks Brings Modular Format to Single-Family
Brooklyn-based SG Blocks Inc. is partnering with a pair of mortgage banking veterans to form SG Residential. The new venture… Read more
Broker Confidence Slips in Q2, Says REBNY
The Real Estate Board of New York’s Real Estate Broker Confidence Index for the second quarter of 2018 was 5.53… Read more
Jewelry Brand Dylanex to Open Nolita Pop-Up Shop
Jewelry designer Dylanex, whose products figured prominently in Beyonce’s “Formation” video, is opening its first-ever physical store in Nolita. The… Read more
MCR Trades Downtown St. Louis Hilton
MCR has sold the 195-key Hilton St. Louis Downtown at the Arch, which it purchased from Xenia Hotels & Resorts… Read more
Robert Knakal Lands at JLL After CushWake Departure
Investment sales leader Robert Knakal joined JLL to lead its NY investment team. The more than 35-year commercial real estate… Read more
Hunt Delivers $80M for Pair of Chicago-Area Life Plan Communities
New York-based Hunt Real Estate Capital arranged more than $80-million in debt financing for the recapitalization of a pair of… Read more
CushWake Brokers Sale of Pelham Apartment Portfolio
Cushman & Wakefield has arranged the $53-million sale of a three-building apartment building portfolio in the Pelham Parkway neighborhood of… Read more
Penn Station Will Get New Entrance, Expanded LIRR Corridor
New York Gov. Andrew Cuomo unveiled plans for a new Penn Station entrance at 33rd Street and Seventh Avenue that… Read more
Knotel Adds 250 Hudson St. to Its Workspace Roster
Continuing its rapid expansion, agile workspace provider Knotel has signed up for 19,563 square feet at Jack Resnick & Sons’… Read more
Cresa Taps Sullivan, Veteran of Tenant and Landlord Sides
Thomas P. Sullivan (pictured) has joined Cresa as a principal of the New York City office. He has specialized in… Read more
Fashion Brands Relocate to 5 Penn Plaza
A pair of apparel brands are moving to 5 Penn Plaza in the fourth quarter. Sports-performance Puma is relocating its… Read more
New Unemployment Claims Fall to Near 49-Year Low in U.S.
The Labor Department reported that initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 203,000 for the… Read more
SNF in West Loop Sells to NY Buyer
Interra Realty has brokered the $6-million sale-leaseback of 1400 W. Monroe Ave., a four-story skilled nursing facility in the West… Read more
Borough Park Apts. Up for Sale with Unused Air Rights
GFI Realty Services has been named the exclusive sales agent for 1043 50th St., a six-unit multifamily building in the… Read more