New York
Marketing the Opportunity of Emptiness
The entire, 85,000-square-foot building at 161 Fifth Ave. (also known as 935 Broadway and even the “Mortimer Building”) will soon… Read more
Circle K Renews, Expands to 104K SF
Circle K Stores has renewed and expanded its lease at Warner Crossing in Tempe, AZ. The convenience retailer kept its… Read more
$98M Loan Deadline Approaching
New York investor 601W is facing a $97.5 million loan deadline on an 18-story, 405,000-square-foot office building at 550 W.… Read more
West Soho MXU Sells for $16M
Potential buyers staged an intense bidding war for a corner mixed-use property at 558 Broome St. in West Soho. The property… Read more
$120M Funds Hyatt Place Construction
The McSam Hotel Group, led by Sam Chang, received a debt and equity package totaling $120 million. The proceeds are… Read more
Acquisition Loan Spurs Harlem Apartments Buy
ABJ Properties Inc., borrowed $7.4 million in acquisition financing to buy two apartment buildings in Manhattan’s Central Harlem neighborhood. The buildings… Read moreSimone Redevelopment Approved
Simone Development Cos. won approval for its redevelopment plan from Town of Huntington officials for two buildings at 5 Cuba… Read more
Jeff Sutton Cashes Out with $125M Refi
Jeff Sutton’s Wharton Properties took out $125 million in loans to refinance its new retail property at 100 W. 125th… Read more
Not Yet: Wooden High-Rise Cancelled
Developer Sy Ghassemi has canceled plans to build a 10-story high-rise made of wood in Manhattan’s Chelsea neighborhood. The building… Read more
Rent Hikes On Tap at 149 Madison
Columbia Property Trust, Inc., announced its plans to buy the 1916 office tower at 149 Madison Ave., as well as… Read more
Apartment Rents Drop in Brooklyn
Median apartment rents in Brooklyn fell 1.1% in January 2017, compared to the year before. That’s the biggest year-over-year decline… Read more
$305M Loan Supports Condo Tower Construction
Lightstone has received $305 million to build an 800-foot condominium tower in lower Manhattan. Construction has already started at 130… Read more
Another Art Store Closes
On April 30, 2017, one of the last independent art supply stores in New York will vanish as A.I. Friedman,… Read more
Onia Sets Up at Mercantile Building
Onia, a maker of luxury swim wear and resort wear, leased the entire 37th floor of 10 E. 40th St.… Read more$1.4 Billion Targeted to Central Brooklyn
New York is planning a huge, interconnected, $1.4 billion set of programs to help neighborhoods in Central Brooklyn in an… Read more
Buyer Pays Above Asking Price for Residential
A private investor paid $6.3 million to an undisclosed seller for a vacant residential building in Brooklyn’s Prospect Heights neighborhood.… Read more
Repairs to the Office at Bay Plaza
Prestige Properties & Development Co. is taking advantage of vacant space at the Office Bay Plaza to renovate the building… Read more