New York
Verizon Closing Sacramento-Area Call Center
Verizon plans to close call centers in five states, including one in Rancho Cordova, CA, near Sacramento. The consolidation is… Read more
Greystone Expands in Austin
Greystone’s Real Estate Advisors group expanded its Austin presence, hiring Joe James and Kent Myers to help the New York… Read more
Crown Heights MF Sells for $52M
Pacolet Milliken Enterprises, an investment company controlled by Milliken & Co., acquired an eight-story, 63-unit apartment building with retail from… Read more
Queens, NY Ground Lease Executed for $34M
Phoenix Realty Group and Artimus executed a ground lease for a Queens, NY property at 147-07 94th Ave. for an… Read more
Paramount Completes $850M Financing on 1301 Avenue of the Americas
Manhattan-based Paramount Group Inc. closed on $850 million in financing for its 1.8 million-square-foot 1301 Avenue of the Americas. The Class… Read more
JV Closes $390M, 16-Property Retail Portfolio Buy
DLC Management and DRA Advisors LLC closed on their buy of a 16-property shopping center portfolio totaling more than 4.8… Read more
CBRE Arranges $720M Sale, $500M Acquisition Financing for SE MF Portfolio
Los Angeles-based CBRE Group, Inc. arranged the sale of the Southeast Residential Portfolio (SERP), a 24-property multifamily portfolio, to San… Read more
Douglas Harmon & Adam Spies Leave Eastdil for Cushman
Douglas Harmon and Adam Spies, long-time New York investment sales brokers with Eastdil Secured, have gone over to Cushman &… Read more
Broadtree Adds 37 Rental Homes to Atlanta Portfolio
Broadtree Homes acquired a portfolio of 37 single-family homes in suburban Atlanta, GA, for a total purchase price of $2.6… Read more
Capital One Provides $89M Refi on Queens, NY Co-op
Capital One Multifamily Finance secured $89.3 million in refinancing to the 1830-unit Windsor Park Cooperative in Bayside, Queens. The 15-year… Read more
Google Debuts Pixel Phone, Faces ‘Go-to-Market’ Retail Challenges
Google introduced its latest smartphones, smart speakers and wireless routers. The unit of Alphabet Inc. solved design, supply chain and… Read more
Chase Plaza Acquired for $50M
CBRE Group, Inc. completed the sale of Chase Plaza, a 15-story office building in DTLA, for more than $50-million. The… Read more
655-Room NY Marriott East Side Up for Sale – Again
Deka Immobilien and Askenazy Acquisition are putting the 655-key New York Marriott East Side up for sale, 18 months after… Read more
Columbia Property Sells 80 Park Plaza for $175M
Columbia Property Trust, headquartered in Brooklyn, closed on the sale of 80 Park Plaza, a 973,000-square-foot office property in Newark,… Read more
Axiometrics: Apartment Supply by Market and Renter Occupations
Axiometrics has released data on the top markets for new apartment supply coming online. Baby boomers and millennials represent the… Read more
WeWork Plans 90K-SF Facility in Downtown San Diego
The largest co-working space in San Diego is set to open in downtown this winter. New York-based WeWork plans to… Read more
Self-Storage Developer Pays $26M for Commercial Condos
Self-storage property developer Madison Development acquired an entire retail component at the base of residential condominiums at 262-272 Mott St.… Read more
Lexington Realty Sells Last of NY Parcels for $338M
Lexington Realty Trust has disposed of the last of its three New York City land investments, receiving $338.2 in the… Read more