New York
Oakley Parent Sees Clear in $49B Merger with French Lens Crafter
The Italian owner of Foothill Ranch, CA-based Oakley is merging with French lens maker Essilor in a deal valued at… Read more
3% Cap Rate for Astoria Apartments
A private buyer paid $11 million for two apartment buildings in the Astoria neighborhood of Queens, NY. That works out… Read more
Airbnb Reservations Topped $32M in NYC New Year’s Eve
New York City was the most popular destination among New Year’s Eve revelers staying in Airbnb homes this past year,… Read more
AvalonBay’s East Harlem Tower 30% Affordable
Developers will give a lot to build a tower in Manhattan. AvalonBay Communities is willing to build three new schools… Read more
Breathing New Life into Historic Herald Examiner Building
A partnership between The Hearst Corporation and New York-based Georgetown Companies is transforming the iconic Los Angeles Herald-Examiner building into a… Read more
New York Seller Disposes of 58K-SF Historic Building
Blauners-Houston LP, based in New York, sold a vacant, five-story, 58,000-square-foot building in downtown San Antonio, known as the Burns… Read more
$8M for Auburn, NY Industrial
Tessy Plastics paid $8 million to buy a 30-acre industrial facility in Auburn, NY, in central New York State. Built… Read more
Developer Pays $10M to Build Taller
Real estate investor Haim Nortman bought another piece of the puzzle he needs to build a luxury residential tower on… Read more
12-Year, Fixed-Rate Loan for Midtown Offices
The partnership that owns 521-533 West 57th Street have taken out a 12-year, $105 million loan, provided by a local… Read more
15-Year Lease for Sushi Restaurant
A high-end sushi restaurant chain, Tokyo Ichiban Foods Co. Ltd., has signed a 15-year lease for the first-floor retail space… Read more
Marisa Lago for NYC Planning
New York City has picked its next Director of the Department of City Planning and Chair of the City Planning… Read more
$63M for Apartments in Inwood
A private real estate investor paid $63.6 million for a portfolio of apartment buildings in Manhattan’s Inwood section. The Inwood… Read more
More Sales, (Slightly) Lower Prices Downtown
Homebuyers bought more apartments Downtown at higher prices than any other submarket in Manhattan in Q4 2016. Buyers closed on… Read more
NYC Real Estate Tax Contribution Up 24%
The amount of taxes paid by the real estate business in New York City every year has grown 24.4% since… Read more
$325M Public Housing Deal in the Rockaways
The New York City Housing Authority (NYCHA) closed a giant deal Dec. 30 to bring $325 million to Ocean Bay… Read more
$92M Refi Secured for 592-Key Hotel Portfolio
Sonnenblick-Eichner Co. secured $92 million in first-mortgage debt to refinance a 592-room portfolio owned by Lodgeworks Partners LP in Wichita,… Read more
Modular Hotel Rises in Bowery
Did you hear the news? Connect Daily New York hits inboxes on 1.23.2017. Want in on all the latest CRE… Read more
Weisbrod’s Exit Interview
Carl Weisbrod has learned a few things in his career in New York real estate — including his recent three-year… Read more
Fast Sales, High Prices at 70 Vestry
More than half of the 48 condominiums are under contract at Related Companies’ new condominium tower at 70 Vestry Street… Read more