New York
Hersel Sonobolian Pays $13.5M for Opportunity to Grow in Bayside
Investor Hersel Sonobolian paid $13.5 million for a one-story retail building at 42-31 Bell Blvd. in the Bayside neighborhood of… Read more
$58M Lyric Market Food Hall Coming to Houston
Connect Houston is right around the corner! Log on here for more details. Houston real estate developer Jonathan Enav unveiled… Read more
Carlyle Divests Alexandria MF for $111M
Rockville, MD-based The Donaldson Group (TDG) and New York-based Angelo, Gordon & Co. acquired Cityside at Huntington Metro, a 569-unit… Read more
After Airbnb Settlement, Assa Sells 19 W 55TH St for $2M-per-Apartment
Soon after Assa Properties agreed to pay $1.2 million over alleged, illegal Airbnb rentals, Assa has sold one of the… Read more
Café Metro Leases 5K SF in Midtown
Café Metro signed a 12-year lease for the 5,181 square feet of retail space at 240-246 W. 35th St., an 18-story… Read more
$375-per-developable-SF for Greenpoint Site at 167-169 Eagle St
Anthony Morena of Mortar Architecture and Development paid $3.751 million for two adjacent, vacant residential buildings at 167-169 Eagle St.… Read more
$23M to Complete Condos at 5-33 48th Ave in Long Island City
Commercial banks are still lending to condominium developments. Circle F Capital borrowed $22.75 million from Centennial Property Finance to finish… Read more
Predatory Equity Law Calls for “Speculation Watch List”
New York City’s new Predatory Equity law (Intro 1210-A) targets rent-regulated apartment buildings that have recently sold where tenants are… Read more
Village at Allen Retail Center Sells for Reported $170M
DLC Management acquired the 180-acre Village at Allen retail center at U.S. 75 and Stacy Lane in Allen, TX, a… Read more
BofA Takes 386K-SF HBO Building Across from Bryant Park HQ
Brookfield Property Partners signed a lease with Bank of America at 1100 Sixth Ave. in New York. The giant bank… Read more
Condo Prices Fall in 2017, According to the Halstead Quarterly Report
The average price of a condominium fell to $2.7 million in the fourth quarter of 2017. That’s down 11% compared… Read more
Siemens Leases 35K-SF at One Penn Plaza
Siemens is moving its New York City offices to a 35,000-square-foot space at One Penn Plaza, a 57-story, 2.7-million-square-foot office… Read more
Assa Pays $1.2M for Illegal Airbnb Apartments
Salim Assa agreed to pay $1.2 million in a settlement over apartments illegally listed on Airbnb. That’s the largest payment… Read more
Prices Jump for Industrial Development Sites
Developers are paying more than they have ever paid before for land where they can build new warehouses and distribution… Read more
$267K per Apartment for 143-48 41st Ave. in Flushing
Investors paid $14.2 million for 143-48 41st Ave., a six-story building with 53 apartments in the Flushing neighborhood of Queens.… Read more
Avanath Capital Closes Funds Totaling $388M
Irvine, CA-based Avanath Capital Management, LLC closed two funds, Avanath Affordable Housing III and Avanath III NY Co-Investment, with $388… Read more
Office Vacancy Rate Remains Flat, Asking, Effective Rents Increase
Maintaining a steady balance between added supply and positive net absorption, the office market recorded no change in vacancy for… Read more
New York Proton Center Nears Completion in East Harlem
Workers are beginning the final installation of proton beam equipment at New York Proton Center (NYPC), which will provide advanced… Read more
Chris Xu Gets $68M to Build 88-08 Justice Ave., in Elmhurst
Developer Chris Xu borrowed $67.5 million to build a new condominium tower at 88-08 Justice Ave. in the Elmhurst neighborhood… Read more