New York
“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
School Construction Chief Will Now Head Two Departments
Already head of the New York City School Construction Authority, Lorraine Grillo has been named Commissioner of the Department of… Read more
CRE at the Intersection of Industrial and Retail
“It is not simply the Amazon-ization of commerce that is causing shifts: shifts in building, shifts in transportation,” said moderator… Read more
City Seeks Overhaul of Freight Distribution
The de Blasio Administration has unveiled Freight NYC, a $100-million plan to overhaul the city’s aging freight distribution systems through… Read more
Millbrook Realty Aims for Lending Growth with New Hire
Millbrook Realty Capital has announced that Uanderson Benedetti has joined the firm as managing director. He’s now responsible for growing… Read more
Simone Adds 7 Tenants to Repositioned Bronx MOB
Simone Development Companies has signed seven leases totaling 26,360 square feet of medical and office space at 34 Marconi St.… Read more
CushWake Arranges Two New Leases at 575 Fifth
Cushman & Wakefield has secured two leases in pre-built space at 575 Fifth Ave. on behalf of the 40-story office… Read more
Exxon Mobil Buys 93 Acres in Baytown
Exxon Mobil acquired 93 acres on Baker Road in Baytown, TX. The land, which comprises two tracts of 55 acres… Read more
Alexandria Acquires Pfizer-Occupied Property in Manhattan for $203M
Pasadena, CA-based Alexandria Real Estate Equities, Inc. acquired 219 East 42nd Street in New York for $203 million. The roughly… Read more