New York
FitHouse Pumps Up with Third Downtown Location
Cushman & Wakefield has secured a long-term lease for FitHouse at 93 Worth St. in Tribeca. Formerly a Crossfit ICE… Read more
CMBS Delinquencies Remain Elevated in Chicago
As July ended, Chicago’s CMBS delinquency rate was the third-highest of major U.S. metros at 5.3%, according to Trepp data.… Read more
Greystone Provides Freddie Loan for New Crown Heights Build
Greystone has provided $54.8 million in Freddie Mac financing for The Dean, located at 1040 Dean St.in Crown Heights, Brooklyn.… Read more
PCCP Issues Refi Loan for Luxury Apts. in Midtown West
PCCP has issued a $168.5-million senior loan to refinance a 14-story, 280-unit luxury apartment building at 535 W. 43rd St.… Read more
UES Block Will Be Redeveloped into Ambulatory Care Center
Northwell Health and University Financing Foundation are partnering on the redevelopment of an Upper East Side block into an ambulatory… Read more
THE HIRING SQUAD: How A Strategic Recruiting Partner Can Support Your Business Growth
In this edition of The Hiring Squad, Kent Elliott, principal at RETS Associates, a leading national real estate recruiting firm,… Read more
Investors Form JV, Snag 900-Unit MF Portfolio for $175M
New York-based GTIS Partners formed a joint venture with Atlanta-based Cortland Partners, and has acquired a pair of multifamily assets… Read more
ABS to Reposition LIC Hotel’s Garage into Retail
ABS Partners Real Estate has been tapped by Merchants Hospitality Group to transform and market 26,600 square feet, for retail… Read more
Gucci Building’s Upper Floors Trade for Redevelopment
A partnership including developer Michael Shvo, along with Deutsche Finance Group and BLG Capital, has acquired the vacant upper floors… Read more
Brookfield Finalizes Deal for 666 Fifth Office Condo
Finalizing a deal that had been expected for months, Brookfield Asset Management has acquired a 100% leasehold interest in 666… Read more
$111M Gold Coast Deconversion Plan Comes Up Short
ESG Kullen’s plan to buy 1400 N. Lake Shore Dr., a 391-unit residential condominium in Chicago’s Gold Coast neighborhood failed… Read more
Inwood Rezoning Wins Key Subcommittee Approval
The City Council’s zoning subcommittee has approved a rezoning of Northern Manhattan’s Inwood neighborhood, following modifications to the original proposal.… Read more
JPMorgan Chase Expands CRE Treasury Services Team
JPMorgan Chase continues to build a specialized team of treasury professionals that provide real estate property owners, operators, developers and… Read more
Gowanus Parcel Sale Expected to Yield “Significant” MXU
Cushman & Wakefield has arranged the sale of 313-331 Bond St., a 185,040 buildable square-foot development site located in the… Read more
Ariel Running Foreclosure Sale on One Bennett Park
Ariel Property Advisors has been retained to run the UCC foreclosure process for the development site at One Bennett Park… Read more
Brookfield Seeds Venture on Its NYC Office Portfolio
Brookfield Property Partners (BPY) said that it has seeded a new Brookfield Asset Management-sponsored New York City real estate venture… Read more
MMCC Arranges $7.6M Cash-Out Loan on Shelton Apartments
Marcus & Millichap Capital Corp. has arranged a $7.6-million non-recourse loan to refinance a mixed-use property with 43 apartments and… Read more
Savanna Trades West Chelsea MXU to Dallas-Based Ramrock
Savanna and the Silvermintz family have sold 540 West 26th St., a newly constructed nine-story, mixed-use building in West Chelsea,… Read more
In Toys “R” Us Bankruptcy, A Rare Opportunity
Large-scale retail bankruptcies and liquidations mean large-scale business disruption, of course. However, they can also present opportunities for both investors… Read more