New York
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
Greystone Delivers $77M Refi for Chicago-Area MF
New York-based Greystone provided a $77-million Fannie Mae DUS loan to refinance Park West Apartments in Griffith, IN, a suburb… Read more
SL Green’s Third Ave. Tower Near 97% Leased After New Deals
A trio of new transactions brings lease-up at SL Green Realty Corp.’s 711 Third Ave. to nearly 97%. Totaling 43,500… Read more
Two Trees Bringing Roberta’s to Domino Sugar MXU
As part of Two Trees Management’s redevelopment of the former Domino Sugar Factory in Williamsburg, renowned Brooklyn pizzeria Roberta’s will… Read more
Microsoft Chips In $100k Toward Tech Training Center
Microsoft has provided a $100,000 grant to Civic Hall for the planning and development of the planned Tech Training Center… Read more
RED Capital Does $245M in Q2 Deals
RED Capital Group, based in Columbus, OH, closed $245.27 million in transactions during the second quarter of 2018. The firm’s… Read more
Chicago’s Office Users Want Flexible Spaces and Hours
What do Chicago’s office-using employees want? Eighty-eight percent of them want a flexible work environment, according to Capital One’s 2018… Read more
Carlyle Group Opts for One Vanderbilt, Takes 3 Floors
Alternative asset manager the Carlyle Group has leased three floors totaling 94,367 square feet at SL Green Realty Corp.’s upcoming… Read more
Knotel Inks Management Deal at Sapir Offices
Flexible office provider Knotel has reached a management deal with the Sapir Organization at the office landlord’s 261 Madison Ave.… Read more