New York
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
Hines Sells 408K SF on Long Island
A four-story office building built in 1971 has sold for nearly $36 million in Melville, a small town in Long… Read more
$30M for Brooklyn Apartments
Related Companies paid $30 million for four apartment buildings in the Prospect Heights neighborhood of Brooklyn, NY, totaling 48 apartments.… Read more
Citicorp Center Landmarked
The iconic skyscraper formerly known as the Citicorp Center is officially a historic New York City landmark. The complex at… Read more
Retail Rents to Rise by Second Avenue Subway
Owners have already figured the new Second Avenue Subway into the rents they charge for retail spaces between 59th and… Read more
390 Affordable Apartments for Harlem
City officials approved a zoning change to allow hundreds of new affordable apartments to spring up on a rare city-owned… Read more
Financing for Another Moxy
Bank of the Ozarks provided the financing for the latest Moxy Hotel planned for Manhattan. Lightstone, a national real estate… Read more
Soho Loses Grocery
The increasingly pricey Soho neighborhood lost one of its only reasonably-priced grocery stores, when the neighborhood’s MetFoods branch announced its plans… Read more
Transit-Oriented Developments for Westchester
Mixed-use towers will rise near the train stations in Westchester County’s New Rochelle, Yonkers and White Plains, NY. Plans mix… Read more
$9M for Queens Development Site
A developer paid $8.7 million for a development site in Flushing, Queens. Currently the property includes a funeral home and… Read more
Big Zoning Changes in 2017
In neighborhoods across the New York City, Mayor Bill de Blasio plans to make big changes to the rules that… Read more
Spring Meadows of Lansdale Sells to JV
New York-headquartered Care Investment Trust LLC and Greenfield Senior Living combined forces to acquire Spring Meadows of Lansdale, a memory… Read more
CoreLogic: Foreclosures Still Declining
CoreLogic’s most recent foreclosure statistics (November 2016) showed 26,000 completed housing foreclosures nationally. The number represents a 26% decline from… Read more