New York
Eliken Nabs 1.4M-SF Industrial in Corsicana, TX
Eliken Properties, an industrial real estate investment company acquired a 1.4-million-square-foot building in Corsicana, TX from California seller Hackman Capital… Read more
Financing Enables Construction on $400M Brooklyn Office
A venture led by Rubenstein Partners LP and Heritage Equity Partners obtained necessary financing for construction on 25 Kent Avenue in… Read more
McSam Spends $155M on Manhattan Hotels
McSam Hotel Group paid $155 million to Rockwood Capital for ownership rights of two Club Quarters hotels in Midtown Manhattan.… Read more
Qatar Invests $622M in Empire State Realty Trust
An affiliate of Qatar Investment Authority (QIA) acquired a 9.9% interest in Manhattan-based Empire State Realty Trust Inc. (ESRT) The… Read more
NY Developer Pursuing 35-Story Tower Atop Historic One Montgomery
New York-based 601W Cos. proposed a 35-story mixed-use tower atop an historic building at One Montgomery St. in San Francisco’s… Read more
Newmark Holdings Obtains $30M for 5-9 Union Square Refi
Amalgamated Bank has provided a $30 million loan to Newmark Holdings to refinance the 105,000-square-foot, mixed-use 5-9 Union Square West… Read more
New York REIT Inc. Announces Liquidation
Office and retail-property owner New York REIT Inc. announced it would undergo liquidation and dissolution. The real estate investment trust… Read more
Cushman & Wakefield Revs Up Automotive Specialty Group
Cushman & Wakefield has opened its Automotive Specialty Practice Group, led by Jeffrey Green, in the company’s New York office.… Read more
Angelo, Gordon Acquires Wateridge Pointe for $28M
JLL’s Capital Markets completed the sale of Wateridge Pointe, a pair of two-story office properties totaling 123,675 square feet, on… Read more
A Monumental Opening for Westfield’s WTC Mall
Westfield Corp. opened the $1.5-billion Westfield World Trade Center this week, nearly 15 years after 9/11 wreaked havoc on New… Read more
NY-Based BRT Spends $40M on 271-Unit Atlanta MF
BRT Realty Trust, headquartered in Great Neck, NY, bought the 271-unit Pointe at Lenox Park, a multifamily property at 1900… Read more
McSam Hotel Group Obtains $215M Loan for NYC Doubletree Refi
The McSam Hotel Group, which is developing the 35-story Doubletree by Hilton Hotel in Manhattan, has snagged a $215-million refinance… Read more
Bluerock Ends 6-Year Hold, Unloads 413-Unit VA MF
Bluerock Residential Growth REIT Inc. ended its hold on the 413-unit Springhouse at Newport Apartments in Newport News, VA. The… Read more
Extell, SMI Join Forces on $3B MXU Central Park Tower
Luxury real estate developer Extell Development Co. is teaming with Shanghai Municipal Investment’s U.S. arm, SMI USA, to develop the… Read more
Brooklyn Jehovah’s Witness HQ Sells for $300M
CIM Group, Kushner Cos. and LIVWRK banded together to acquire the 739,000-square-foot Brooklyn headquarters of the Jehovah’s Witnesses. Watchtower Real… Read more
SL Green Sells 40% Stake In 2M-SF Eleven Madison Avenue
SL Green Realty Corp., New York City’s largest office landlord, sold a 40% interest in the 2.3-million-square-foot Eleven Madison Avenue to… Read more
Job Openings Increase, Layoffs Decrease
The U.S. Labor Department’s monthly Job Openings and Labor Turnover Survey (JOLTS) reported an increase in job openings in June.… Read more
Is the High-End Market Condo Market Slowing?
The high-end condo market, once a hot one in and around Manhattan, is showing signs of a slowdown. Prices for… Read more
RXR Realty to Build its First MF for $200M
RXR Realty, which owns large office buildings throughout New York City, has closed a deal to develop its first multifamily… Read more