New York
Bronx Apartment Sales Power Up in Q1
The multifamily sales numbers posted for Manhattan and Brooklyn led the rankings in Ariel Property Advisors’ first-quarter roundup, and Northern… Read more
Denver-Area MF Trades for $39M
Ranch at Bear Creek, a 201-unit apartment community in Lakewood, CO, has sold for $38.5 million. HFF marketed the asset exclusively on… Read more
CBD Office Landlords’ Rent Gains Tapering
Office occupiers in Chicago’s CBD showed continued willingness in 2017 to pay record rent for quality space, according to Savills… Read more
Brooklyn Waterfront Project Scores $411M in Debt and Equity
Meridian Capital Group has arranged $411 million in construction financing and joint-venture equity for Pier 6 at Brooklyn Bridge, the… Read more
HNA, SL Green Reportedly Talk Deal for 245 Park
HNA Group is reportedly discussing a sale of 245 Park Ave. to SL Green Realty Corp., which is developing One… Read more
BBG Elevates DiPietra to Managing Director in NY Office
Valuation advisory firm BBG has promoted director Jon DiPietra (pictured) to managing director of the New York office. With a… Read more
Prologis Acquiring DCT Industrial Trust for $8.4 Billion
San Francisco-based Prologis, Inc. is acquiring DCT Industrial Trust Inc. for $8.4 billion in a stock-for-stock transaction. The boards of… Read more
State Issues RFPs for 2,000-Plus Affordable Units in Brooklyn
Gov. Andrew Cuomo has announced five RFPs to construct approximately 2,300 affordable homes on parcels of land controlled by the… Read more
Planning Commission Weighs Limits on New Hotel Builds
New York City’s Planning Commission is considering a proposal to limit hotel development in districts zoned for light manufacturing by… Read more
$65M First Mortgage Fuels Buy of Astoria Development Site
Eastern Consolidated has arranged a $65-million first mortgage to finance the acquisition of a block-through waterfront development site in the… Read more
Mortgage REITs Two Harbors, CYS in M&A Deal
Mortgage REITs Two Harbors Investment Corp. and CYS Investments, both headquartered in New York, have agreed to a stock-for-stock merger… Read more
Bilingual School Lyceum Kennedy Renews at 815 Second
International school Lyceum Kennedy, which serves both the French-American and Japanese-American student communities in New York, will remain at 815… Read more
RCM Reaches $2T in Investment Property Transactions
Commercial real estate industry professionals have leveraged Carlsbad, CA-based Real Capital Markets’ (RCM) technology platform to transact more than $2… Read more
More Space is a Piece of Cake in Baking Retailer’s Relocation
Baking supplies retailer New York Cake will have more room for fondant tools and icing spatulas when it expands its… Read more
Dealpath Forms Partnership with CompStak for CRE Investment Data Analysis
New York-based CompStak struck a strategic partnership with San Francisco-based Dealpath. Institutional investment teams who leverage Dealpath for pipeline tracking,… Read more
Silverback, Caerus Will Bring High-Rise to Emerging Uptown Neighborhood
Silverback Development has partnered with the Caerus Group to co-develop a $47-million multifamily residential high-rise in Upper Manhattan’s Hudson Heights… Read more
New York-Presbyterian Unveils $1.1B Ambulatory Center
New York-Presbyterian cut the ribbon this week on its New York-Presbyterian David H. Koch Center, a 740,000-square-foot facility on the… Read more
CAMBA Opens 2nd Phase of Supportive Housing Complex
CAMBA Housing Ventures has opened the second phase of its CAMBA Gardens affordable and supportive housing development in Brooklyn’s Wingate… Read more
Beth Rosen Joining Ripco After 16 Years at RKF
Beth Rosen is joining the Manhattan office of Ripco Real Estate as an EVP after 16-plus years with RKF, effective… Read more