New York
$38M Loan Spurs More Queens Apartments
Apartment developers keep adding new projects to the pipeline. Piermont Properties took out a $38.5 million senior construction loan to… Read more
Naming and Shaming NYC’s Worst Landlords
Journalists, residents and public officials gathered in front of 3852-3854 10th Ave. on Feb. 6 — one of the newest… Read more
Welcoming Entry Planned for Midtown Building
The new plaza in front of 1345 Avenue of the Americas (1345 Sixth Ave.) is being updated to offer generous… Read more
A Nonprofit Takes Financial District Space
United Neighborhood Houses signed a 10-year lease on new headquarters space in the Financial District. The 98-year-old nonprofit will relocate to… Read more
Developers Buy Less, Pay More in 2016
Real estate developers continued paying top dollar for Manhattan land on which to build in 2016. This, despite the fact that the… Read more
Troubled Hudson Valley Mall Sells for $8M
Hull Property Group, based in Augusta, GA, recently paid $8.1 million for the foreclosed Hudson Valley Mall in Kingston, NY.… Read more
Retail Attracts 10-Year CMBS Refi
The owners of 1204, 1212 and 1214-1216 Broadway have taken out a $58 million CMBS loan to refinance the property.… Read more
Lightning-Fast Leasing at 365 Bond
The apartments at 365 Bond are already 80% leased — even though work just finished on all the indoor and… Read more
South Bronx’s Sideways Solar Panels
Want solar panels for your building, but there is no room on the roof? Urban Health Plan recently placed 104 new… Read more
Salty Recognition in Tribeca
Salt sheds are normally ugly, utilitarian structures. But Tribeca is one of the most expensive neighborhoods in the world, and… Read more
Fewer Permits Without 421-a
Developers took out permits to build just 24,757 New York City apartments in 2016 — that’s less than half the… Read more
Hudson’s Bay Makes Macy’s Bid
Hudson’s Bay Co., the parent of retailers Lord & Taylor and Saks Fifth Avenue, is interested in acquiring the struggling… Read more
Northern NJ Effective Rents Forecast to Rise 5%-Plus
Most of the 7,000 new apartments that open in Northern New Jersey in 2017 will be in Jersey City. “Leasing… Read more
Has Williamsburg Hit its Peak?
The Williamsburg and Greenpoint neighborhoods together make up the only housing submarket in Brooklyn where the median price of a… Read more
East Harlem Apartments Trade for $15M
Itzhaki Acquisitions paid $14.7 million for an East Harlem building with 45 apartment units. That works out to a price… Read more
Chelsea Gallery Building Attracts $11M
A single-story art gallery building sold for almost $10.8 million in Chelsea to an undisclosed buyer. “By first leasing the… Read more
New Confidence for New York City Housing Authority
There’s a new confidence in the headquarters of the New York City Housing Authority (NYCHA) in downtown Manhattan. On Thursday,… Read more
30K New Apartment Units for NYC
Developers are expected to open 30,000 new, rental apartments in New York City this year, mostly in Brooklyn and Manhattan.… Read more
1,100-Acre Steel Property Sells
Frontier Group, headquartered in Buffalo, NY, acquired a major portion of the Weirton Steel site in Weirton, WV. The buyer… Read more