New York
Office/Retail Now 50% Leased at Upcoming Coney Island MXU
626 Sheepshead Bay Rd., the office and retail center within the Neptune/Sixth mixed-use project under development by Cammeby’s, is now… Read more
Eighth Ave MXU Sells to Partnership After 14-Year Hold
A Cushman & Wakefield team of Brock Emmetsberger, Billy Simons and Rachel Aschendorf has arranged the sale of 151 Eighth… Read more
Dealmakers in the Spotlight at REBNY Awards Ceremony
Commercial real estate deal-making will take center stage at next month’s Real Estate Board of New York ceremony honoring this… Read more
Federal Tax Reform Package to Provide Boost in California
The recently-enacted federal Tax Cuts and Jobs Act reform legislation is expected to drive interest in knowledge-center markets, spur investment… Read more
LES Multifamily More Than Doubles 2014 Acquisition Price
Four years after acquiring the property, 168 Suffolk St Owners LLC has traded ts namesake Lower East Side apartment building… Read more
Boxers NYC Expands to Washington Hts
Lee & Associates NYC’s Richard Kave and Barclay Smyly have negotiated a 15-year, 2,400-square-foot lease on the ground floor of… Read more
Cuomo Pledges $250M More for NYC’s Public Housing
New York Gov. Cuomo has proposed an additional $250 million in the state budget to support the New York City… Read more
Fidelity Acquires Stewart Title for $1.2B
Fidelity National Financial Inc. is acquiring Houston-based insurer Stewart Information Services Corp in a $1.2-billion cash-and-stock deal. The move is… Read more
LA, NY, Chicago Cities to Watch in 2018, Says TH Real Estate
New research from TH Real Estate, an affiliate of Nuveen, the investment manager of TIAA, predicts investment volumes for US real estate will be… Read more
Mother-Daughter Fashion Chain Relocates in Southampton
Jason Gerbsman, managing principal of Hudson, has arranged a new lease for Ruby & Jenna in the former Calypso space in… Read more
NY Mortgage Trust Adds CREFC’s Pendergast to Board
Lisa Pendergast, executive director of the Commercial Real Estate Finance Council, has joined the board of directors at New York… Read more
HFZ, Westbrook Partner on Belnord Recap
HFZ Capital Group and Westbrook Partners are partnering on a recapitalization of The Belnord, an historic full-block apartment house on… Read more
It’s 3 Months Running for Record Concessions in BK Apartments
Multifamily owners in Brooklyn offered concessions to new renters about 47.5% of the time in February, Miller Samuel reported last… Read more
Affordable Co-op Breaks Ground in the Bronx
Groundbreaking has taken place for Sydney House, a 56-unit affordable development in the Williamsbridge section of the Bronx. Being developed… Read more
Downtown Chicago the Leading Sales Market Outside NYC
The leading market for single-asset commercial property sales since 1995 should come as no surprise. It’s Manhattan, where the 25… Read more
What Are Comparative Costs to Build Out Office Space Today?
Construction costs rose 3% through 2017 and are expected to follow suit heading into 2018 and beyond, predicts JLL in… Read more
Ranked: Knight Frank’s Wealth Report Outlines Best Bang for Buck
London-based Knight Frank released its 2018 Wealth Report, which offers a glimpse into what $1 million can buy in real… Read more
L.A. or NY? Green Street Says West Coast Better for Office Profits
The West Coast edged out the East Coast as the best place to make money on an office investment. Based… Read more
Hersha Trades Financial District Hotel to First-Time NYC Buyer
Hersha Hospitality Trust has sold the 81-key Hampton Inn Financial District for $32.4 million. The Philadelphia-based hotel REIT didn’t identify the… Read more