New York
TriBeCa is NYC’s Most Expensive Neighborhood
TriBeCa is now the priciest neighborhood in New York, according to data firm PropertyShark. The median sale price of a… Read more
Trump Son-in-Law Buys in DUMBO
The Jehovah’s Witnesses sold another piece of their Brooklyn real estate empire on December 21 to a group of developers… Read more
Drew Brees’ Second Job: Selling Donuts
New Orleans Saints quarterback Drew Brees and partner Vik Patel of Bourbon Street Donuts LLC struck an agreement with Dunkin’… Read more
Financing in Place for $90M MXU
A New York State Agency-backed financing package helped clear the way for development of the $90 million, mixed-use Campus Square… Read more
China Investment Corp. Pays $1B for NYC Stake
Invesco Real Estate, working on behalf of China Investment Corp. (CIC), paid more than $1 billion to acquire a 45%… Read more
NYC Real Estate Spends Big on Politics
The real estate business in New York City spends lavishly to support politicians who might influence their deals, according to… Read more
Carnegie Deli Closes
The Carnegie Deli served its last sandwich and closed at midnight, December 30. Featured in film and New York City… Read more
Pop Up Stores Are a Big Deal Dowtown
American Eagle Outfitters recently opened a pop-up store for its Aerie Collection in New York City’s Soho neighborhood. The retailer… Read more
Owner Sues Over “Worst Landlord List”
Billionaire property owner Kamran Hakim filed a lawsuit after New York City officials included him on their “100 Worst Landlords”… Read more
Rezoning May Transform Toxic Gowanus Canal
The putrid Gowanus Canal in Brooklyn may soon become a cleaned-up public waterfront, according to plan that includes public walkways,… Read more
How Will Trump Change NYC Real Estate?
The biggest shock to New York City real estate from the election of Donald Trump as U.S. President may already… Read more
Say Buh-Bye to Luxury Apartment Boom
For seven years, most metropolitan areas experienced an apartment boom characterized by increasing rents and a lot of deliveries. Demand… Read more
96-Unit Drexel Park Hollow Trades Hands
Drexel Park Hollow, in Dallas, sold to a Pound Ridge, NY-based family-owned office. Public records list the seller as Drexel… Read more
Private Family Trust Acquires Kearny Mesa Office Complex
New York-based Gramercy Property Trust sold a 132,695-square-foot flex/office corporate campus in Kearny Mesa, CA to an unnamed private family… Read more
Sharper Image Acquired for $100M
Irvine, CA-based ThreeSixty Group acquired New York-based Sharper Image from Iconix Brand Group for $100 million. The company, which has… Read more
Times Square Landlords Want Experience
With asking rents in New York’s Times Square falling, landlords are seeking out tenants that can provide “experiential retail.” Owners… Read more
Castle Lanterra Pays $103M to Enter Denver Market
Castle Lanterra Properties (CLP) made its first property acquisition in the Denver area, acquiring the 369-unit Alexan Sloan’s Lake property… Read more
Greystone Provides $221M Freddie Mac Credit Facility for Affordable Housing
New York-based Greystone provided a $220.8-million Freddie Mac credit facility to Woodland Park Property Owner, LLC. The financing is for… Read more
CBRE Arranges $107M for Two Riverfront Buy
CBRE Capital Markets’ Debt & Structured Finance team arranged for $107.3 million in financing on behalf of Kuwait-based KFH Capital… Read more