New York
MTA Plan for Apartments Above East Harlem Station Enters Public Review
The Adams administration has launched the public review process on the Metropolitan Transportation Authority (MTA) 125th and Lexington Rezoning application, an MTA… Read more
Net-Leased Chipotle Property in Ohio Changes Hands
Marcus & Millichap has completed the sale of a net-leased Chipotle property in Toledo, Ohio, for $2.18 million. The 2,325-square-foot Chipotle… Read more
NYC Construction Pipeline is Fuller but Still Below Historic Average
New construction activity increased across New York City in the first quarter of 2025 while remaining below historic levels, the… Read more
Universal Music Group Leases 336K SF at Vornado’s PENN 2
Universal Music Group (UMG) has leased a reported 336,000 square feet at Vornado Realty Trust’s redeveloped PENN 2, for its New… Read more
Longacre Acquires Related’s Simply Better Bronx Portfolio
(Updated with additional information) Longacre, a joint venture between Peter Hungerford’s PH Realty Capital and David Kaye and Joe Listhaus’s… Read more
Colliers Arranges $34M Refi of Retail Center in Williamsburg
Colliers Capital Markets has arranged the $33.5 million refinancing of the New Town Shops on Main plaza in Williamsburg, Virginia,… Read more
RXR Puts Up $1.1B for 590 Madison Ave.
RXR has paid nearly $1.1 billion to acquire 590 Madison Ave. in Manhattan’s Plaza District, according to Bloomberg News and… Read more
Madison Realty Capital Provides $720M for Resi Conversion of Former Pfizer HQ
Madison Realty Capital originated a $720-million loan to a joint-venture between Metro Loft Developers and David Werner Real Estate Investments for the… Read more
Affinius Supplies $80M Loan to Refi Downtown Brooklyn Multifamily
Affinius Capital LLC closed an $80-million loan to refinance 570 Fulton, a Class A, 163-unit, 23-story multifamily project with 3,900 square… Read more
Related, Wynn Scrap Plans for Casino Near Hudson Yards
Citing community opposition, Related Companies and Wynn Resorts have dropped their $12-billion bid to build a casino near Related’s Hudson… Read more
CRE Economist, Industry Leader KC Conway Passes Away, Age 62
Real estate economist and industry leader Kieran “KC” Conway passed away suddenly on April 28 in Lyndhurst, OH. He was 62.… Read more
Arrow Lines Up Acquisition Loan for Tribeca Mixed-Use
Arrow Real Estate Advisors, a leading real estate finance advisory firm, arranged an $8,051,000 non-recourse acquisition loan on behalf of… Read more
Dolly Parton-Themed Bar Relocates within Williamsburg
Lee & Associates NYC represented Dolly’s Swing and Dive, a Dolly Parton-themed dive bar, in its relocation from 101 Kent… Read more
Silverstein Partners with Rush Street for NYC Casino Bid
Silverstein Properties has brought in Rush Street Gaming as a partner in its bid for one of three downstate casino… Read more
Ariel Arranges $50M Refi on 13 Multifamily Properties
Ariel Property Advisors’ Capital Services Group has arranged a $50-million refinance loan for a portfolio of 13 multifamily properties in Manhattan. Borrower… Read more
Miami Office Sector Vacancy Rate Nation’s Lowest
Commercial Edge reports in its latest report on the national office sector that Miami recorded the lowest vacancy rate (15.5%)… Read more
Analyzing the Office Sector’s Patchwork Metrics
There’s little doubt that the officer sector has been hit by the one-two punch since 2020. First, there was the… Read more
