New York
Ariel Brokers Sale of Flatbush Apts. at 4.3% Cap
Ariel Property Advisors has arranged the sale of a scattered-site multifamily portfolio in Brooklyn’s rapidly-evolving Flatbush neighborhood. The nine-property, 71-unit… Read more
CoreNet NYC’s Golf Outing Sets Attendance Record
The CoreNet Global New York City Chapter recently hosted its sold-out Annual Golf Outing with a record attendance of over… Read more
Silverback Brings in Construction Management Veteran
Silverback Development has hired Jay M. Jameson as EVP of design and construction. He brings nearly 40 years’ experience to… Read more
Waterman, Brookfield JV Closes on Lever House Leasehold
A joint venture of Waterman Interests and a Brookfield-managed real estate fund has closed on the long-term leasehold interest in… Read more
U.S. Crane Title Remains in Emerald City
Seattle retained its crown as the crane capital of America, a distinction it has held for the past three years.… Read more
JLL Arranges High Line Portfolio Sale to Morgenstern
JLL Capital Markets has arranged the financing for Morgenstern Capital LLC’s purchase of a mixed-use, four-building High Line Portfolio. JLL… Read more
Turtle Bay Music School Trades in Midtown East
Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, sold the Turtle Bay Music School in Midtown… Read more
Affordable Production Reaches New Annual High
The de Blasio administration financed 32,116 affordable homes in 2017, breaking the all-time annual record previously set by then-Mayor Ed… Read more
“Iconic” Brighton Beach Retail Listed for Sale
Marcus & Millichap is marketing 1029 Brighton Beach Ave., a fully leased retail asset in southern Brooklyn’s Brighton Beach neighborhood.… Read more
Mass Transit Drives Rent Growth in Major US Metros
The national average rent in transit-accessible office buildings was 65% higher than the average market rent in early 2018, according… Read more
Meridian Arranges $115M Refi for Midwood Apartment Project
Meridian Capital Group negotiated $115 million in financing for the cash-out refinance of a multifamily property midway through construction in… Read more
City’s Board of Standards Approves Controversial UWS Tower
The New York City Board of Standards and Appeals has ruled that 200 Amsterdam Ave., the controversial 668-foot residential tower… Read more
Amid a Construction Boom in NYC, Lenders Grow More Cautious
The New York region’s biggest construction boom in this century is continuing unabated, and lenders are maintaining their levels of… Read more
$315M in Financing Secured for Development of Manhattan Ritz-Carlton
Atalaya Capital Management closed a $250 million senior construction loan and a $65 million preferred equity investment to finance construction… Read more
Flatbush Retail Trades in 1031 Exchange
GFI Realty Services has arranged the $10.2-million sale of 1032-1038 Flatbush Ave., a newly built, 18,000-square-foot retail property in Brooklyn’s… Read more
Hudson Yards’ Tallest Tower Tops Out
The last steel beam has been hoisted into place at 30 Hudson Yards, at 1,296 feet the tallest building in… Read more
Bohemia Realty’s BRGDM Markets Hudson Heights Condos
BRGDM, the development marketing division of Bohemia Realty Group, has put 24 condominium residences at Orient Development’s The Ammann on… Read more
LinkedIn Inks Sixth Expansion at Midtown Landmark
For the sixth time since 2011, LinkedIn has inked an expansion lease at the Empire State Building. The deal for… Read more
Wilson Investment Adds 460K SF to Portfolio
Wilson Investment Properties is now the owner of 19 buildings across six industrial parks in Houston. The acquisition was made… Read more