New York
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
Half-Empty Office Receives Lifeline Loan
A seven-story office property got a $6.4 million lifeline for repositioning, following the loss of its leading tenant. Built in… Read more
CRE Ideas Abound at Tech’s Lollapalooza
Six real estate tech start-ups showcased ideas to more than 100 investors and executives at the sold-out Metaprop Demo Day… Read more
Deutsche Bank’s $7.5B Tops CRE Lending
Deutsche Bank was New York City’s biggest commercial real estate lender, providing $7.5 billion to commercial and multifamily property owners… Read more
NY Buyer Pays $28M for Fractured Condo
A New York buyer operating under the name Crosswynde Owner LLC acquired 252 units of the 453-unit Crosswynde Apartments. The… Read more
Downtown Will Be Flooded – With Office Space
Large blocks of new office space, such as Three World Trade Center, are expected to push the percentage of vacancy… Read more
New Crown Heights Home for Cabinet Maker
The real estate boom on the Brooklyn waterfront has pushed a family-owned cabinet maker to move to a new space… Read more
Floodproof Luxury at American Copper
Worried about environmental devastation from rising sea levels? The American Copper Buildings might be a great place to live. The… Read more
Mayor de Blasio Talks Building
The biggest worry many New Yorkers face is getting priced out of the city they love, according to New York… Read more
Montague Street Boasts New Landmarks
The New York City Landmarks Preservation Commission unanimously voted to designate the People’s Trust Company Building at 181 Montague St.… Read more
More Money Dedicated to Distressed Public Housing
An additional 1,700 public housing apartments will be fixed up with help from millions in private investment, thanks to an… Read more
Lena’s Signs Lease, Tastes Success
There is literally no place to sit at Lena’s Italian Kitchen in Manhattan’s Kip’s Bay neighborhood. The new restaurant offers… Read more
Wage Hikes, Rents Closes Top Restaurant
Annisa, a famed restaurant in Manhattan’s West Village, will close May 27 after nearly 17 years in business. Owner Anita… Read more