New York
Empire State Building Unveils New Observatory Entrance
Empire State Realty Trust, owner of the “World’s Most Famous Building,” has unveiled a new entrance on 34th Street to… Read more
Hunt Companies Finance Trust Closes $285M Commercial Real Estate CLO
New York-based Hunt Companies Finance Trust, Inc. closed Hunt CRE 2018-FL2, Ltd., a $285 million commercial real estate Collateralized Loan Obligation (CLO),… Read more
HSA-Led Venture Launches Its Biggest Warehouse Project
Chicago-based HSA Commercial Real Estate and New York-based Clarion Partners LLC have launched construction on Heartland Corporate Center, a speculative… Read more
KPG Plans High-End Office, Retail in South SoHo
K Property Group has purchased 446 Broadway, a five-story circa 1915 commercial building in SoHo, in a $46.7-million deal brokered… Read more
Waldorf Reopening is Pushed Back a Year
The iconic Waldorf Astoria is now tentatively slated to reopen as a hotel-condominium tower in 2021, a year later than… Read more
Fast-Growing Storage Startup Leases IDI’s 8A Spec
Storage and moving services startup Clutter has inked a full-building lease with IDI Logistics at the newly-constructed 1065 Cranbury South… Read more
RedSky’s Williamsburg Retail Lands $222M Financing
JLL’s capital markets team has arranged $221.8 million in bridge financing through JP Morgan for a portfolio of retail properties… Read more
Ariel Adds 3 Directors in Sales, Capital Services
Alexander Taic, Stephen Vorvolakos and Eli Weisblum have joined Ariel Property Advisors as directors in its investment sales and capital… Read more
Ventas Acquires Battery Park Community from Brookdale for $194M
Ventas Inc. has agreed to acquire Brookdale Senior Living’s 217-unit independent living community in Lower Manhattan’s Battery Park City neighborhood.… Read more
Ariel Markets Greenpoint Site with Favorable Zoning
Ariel Property Advisors has been exclusively retained to sell 173-175 McGuinness Blvd., a development site in Brooklyn’s Greenpoint neighborhood that… Read more
CIT Lines Up $45M Loan for Tribeca’s Cast Iron House Project
CIT’s real estate finance group was the sole lead arranger of a $45-million loan for a mixed-use redevelopment of the… Read more
Beach Resort in Montauk Trades to Bridgeton Holdings
HFF has arranged the sale of Atlantic Terrace, a 96-room, full-service beach resort located in Montauk, NY, on behalf of… Read more
SL Green Exits 3 Columbus Circle Stake
SL Green Realty Corp., which recapitalized the Moinian Group’s then-distressed 3 Columbus Circle redevelopment project in 2011, is exiting its… Read more
Jerry Cain Joins JLL’s Global Funds Advisory Platform
JLL boosted its global funds advisory platform with the announcement that Jerry Cain (pictured above right), a veteran capital advisor… Read more
First Major Theme Park Development in Northeast Unveiled
U.K.-based Merlin Entertainments unveiled plans for a 150-acre Legoland NY Resort, a family theme park in Goshen, NY. Legoland New… Read more
EmpireCore Tapped to Build 15th NY Kids Club Location
EmpireCore has been selected to build a New York City Early Learning Center for The New York Kids Club at… Read more
Preleasing Gives Boost to Manhattan Office Market
Manhattan office tenants’ hunger for new product is being fed by large preleasing commitments. That in turn is helping the… Read more
Ralph Lauren Will Move NJ Hub to Prism’s ON3 MXU
Ralph Lauren Corporation has signed a full-building, 255,000-square-foot lease at Prism Capital Partners’ ON3 in Nutley, NJ. The lifestyle brand… Read more
Gold Coast Condo Owners Okay Conversion Deal
ESG Kullen’s plan to acquire a 391-unit condominium tower, which appeared to be on the ropes two weeks ago, now… Read more