New York
$60M Comes to Navy Yard . . . Through Immigrants
Immigration brought $60 million to the first phase of redevelopment at Brooklyn Navy Yard, through the federal EB-5 Immigrant Investor… Read more
Riders Like Second Avenue Subway
Real estate investors who bet the new Second Avenue Subway would bring thousands of new commuters past their buildings can relax.… Read more
SoHo’s $10M Townhouse Sale
A private investor paid $9.8 million, or $2,345 per square foot, for a SoHo townhouse with a celebrity past. The… Read more
de Blasio Wants to Tax the Mansions
New York City Mayor Bill de Blasio is calling for a tax on the most highly priced homes. “I believe… Read more
Construction Consulting Services Value Rising
Access to capital is always a vital component of every commercial real estate project. The capital stack is expected to… Read more
$268M Sale Takes Atlanta-Based Columbia from Cleveland
Columbia Property Trust Inc. exited the Cleveland, OH market with its sale of the 1.3-million-square-foot Key Center. The office tower… Read more
New Housing Commissioner: Maria Torres-Springer
There will soon be a new boss at 100 Gold St., headquarters of the New York City Department of Housing… Read more
Rockefeller Group Happy with Leases Totaling 400K SF
The Rockefeller Group seems very pleased with its renovation of 1221 Sixth Ave. at Rockefeller Center. Since work finished in… Read more
House Prices Up 10% in Woodlawn, Williamsbridge
Add two more to your list of hot neighborhoods in the Bronx — sales of single-family houses are booming in… Read more
Williamsburg Condo Prices Up 18%
Condo prices are rising fast in the Williamsburg neighborhood of Brooklyn — largely because of one building. The Oosten, at… Read more
1M-SF Town Square Las Vegas Has New Owner
TH Real Estate, on behalf of its T-C US Super Regional Mall Fund LLC, acquired an 85% interest in the… Read more
NYC Least Affordable City
Out of 20 leading U.S. cities, New York City is the least affordable, according to a new study by AppFolio.… Read more
Bank of America Center Sells for $38M
An investment team led by New York-based Longships Capital Partners struck a deal with Bank of America (operating under the… Read more
Resale Home Prices up 9% in Upper Manhattan
Home prices and apartment rents grew most quickly in Upper Manhattan neighborhoods like Harlem and Inwood last year — 8.8% year-over-year… Read more
1,428-foot Tower Grows at 111 W. 57th
The 1,428-foot tower at 111 W. 57th St. is now almost 16 stories tall — and is about to rise… Read more
Pity the Retail Landlord
Right now retail tenants are squeezed by high rents, competition from e-commerce and costs like rising wages. Eventually, the costs… Read more
421-a: A Waste of Money?
New York’s biggest tax break — the 421-a program for real estate — wasted more than $1 billion over 10… Read more
$40M Loan Spurs Hartford Buy
Shelbourne Global Solutions took out a $40 million bridge loan to buy the Metro Center, at 350 Church St. in… Read more
Double-Digit Price Hikes for Apartment Buildings
Prices for apartment properties rose quickly in the outer boroughs of New York City in 2016, even though investors bought… Read more