New York
WTC Update
In the 16 years since the terrorist attacks of September 11, 2001, three office towers have opened on the World… Read more
$145M Loan to Refinance 88 Leonard St.
Jamestown Properties has borrowed $145 million from Capital One to refinance 88 Leonard St., a 21-story tower with 352 apartments… Read more
John Catsimatidis’ Coney Island Trolley
Red Apple Group is bringing an amenity from the 1800s to its Ocean Dreams development in Brooklyn’s Coney Island. A… Read more
Genesis Prize Renews at The Bertelsmann Building
The Genesis Prize has signed a new lease for 3,000 square feet of office space at 1540 Broadway, the 44-story… Read more
$5M for Upper East Side Apartments
An investor paid $5.3 million for a five-story apartment building on the Upper East Side. “We achieved a record price… Read more
NYC Adds 107K Jobs
Good news for office developers — the number of jobs in New York City rose by 106,800 over the year… Read more
CBRE Completes Sale-Leaseback with Seafood Producer-Distributor
CBRE completed the sale and leaseback of a three-property industrial portfolio located in the core markets of Los Angeles and… Read more
White Plains Approves Apartment Tower for Alliance Residential
Alliance Residential Company won approval from the White Plains Common Council to build a 15-story apartment tower at Mamaroneck Ave.… Read more
$44M Acquisition Financing for Half-Finished Hotels
Chris Xu, founder and president of United Construction and Development Group, borrowed $44 million to buy a dual-branded Marriott Hotel… Read more
Most Expensive Condos at One Manhattan Square Revealed
Extell Development Company unveiled the 25 super-luxury condominiums in its Skyscape Collection, the most expensive condominiums at its already-pricey One… Read more
Landlord Gets 12 Years for Deed Transfer Fraud
Landlord John Kojo Zi received a sentence of up to 12 years in prison for forging deed transfers on five… Read more
Oxford Acquires NYC Waterfront Development Site for $700M
Connect Apartments is planned for September 28th in Los Angeles. Here’s where to get more information and register. Toronto-based Oxford Properties… Read more
$550M Hurricane Resiliency Project for Red Hook Houses
With hurricanes in the news again, the New York City Housing Authority (NYCHA) broke ground at the Red Hook Houses… Read more
New Tenant Provides an Amenity at 220 Fifth Ave.
Breather — an on-demand provider of spaces for meetings — has signed a five-year lease for space at 220 Fifth… Read more
$52M Construction Loan for Tribeca Condos
Cape Advisors have borrowed $52 million to finance the construction of a new condominium development in Manhattan’s Tribeca neighborhood. “The… Read more
Harlem 125 Leasing Quickly
Nearly two-thirds of the market rate apartments already have signed leases at Harlem 125, a new apartment building in Manhattan’s… Read more
New Life for Famed Midtown Recording Studio
One of the most famous recording studios in New York City has been acquired by Berklee College of Music. Bob… Read more
New Capital for Condo Development
Many traditional banks now hesitate to lend money for new development. But new sources of capital are emerging. “For good,… Read more
L&L Staffs Up for $2B Redevelopment of 1568 Broadway
L&L Holding Company is staffing up for the historic redevelopment of 1568 Broadway in Times Square. Just a few weeks… Read more