New York City
Viking Acquires Cincy-Area Office Asset in JV with DRA
Cincinnati-based Viking Partners Fund IV, LLC acquired Towers of Kenwood, a Class A, 404,425-square-foot office building in suburban Cincinnati. Viking… Read more
AMS Adds Sayreville Senior Housing to Portfolio
New York City-based AMS Acquisitions LLC has purchased Gillette Towers, a two-building senior housing community in Sayreville, NJ, for $13… Read more
WeWork Inks a Pair of San Antonio Deals
New York City-headquartered WeWork signed leases in two downtown San Antonio buildings. The co-working behemoth will be taking space at… Read more
Dual-Branded Marriott Gets $58M Takeout Financing
Meridian Capital Group arranged $58.5 million in financing to take out a construction loan on a dual-branded Marriott Courtyard and… Read more
Comptroller: $101B of NYC Properties Face Superstorm Risk
Nw York City has lagged in implementing resiliency projects to protect coastal areas from rising sea levels and the threat… Read more
NY Construction is “Booming” Citywide and Statewide
New York State’s construction industry is “booming,” according to State Comptroller Thomas DiNapoli. “In 2018, the construction industry was nearly… Read more
Amazon’s Cashless Store Veers Back Toward Cash
A year ago, Amazon launched its high-tech Go convenience store concept. With no cashiers on hand, shoppers enter the store… Read more
Arel Capital Obtains Financing for Bayou on the Bend
PCCP LP provided a $36.5 million senior loan to refinance the 241-unit Bayou on the Bend in Houston’s River Oaks/Inner… Read more
Hidrock Project Will Be NYC’s 5th Hilton Grand Vacations
Hilton Grand Vacations (HGV) will open its fifth New York City location, the Central at 5th by Hilton Club, which… Read more
Park Hotels & Resorts Acquiring Chesapeake Lodging Trust for $2.7B
Park Hotels & Resorts Inc. and Chesapeake Lodging Trust entered into a definitive merger agreement under which Park will acquire… Read more
Retail’s the Exception in NYC’s Building Boom
New York City is in the middle of its most robust building boom thus far in the 21st century, with… Read more
SIOR Elects Slate of 2020 Officers
The Society of Industrial and Office Realtors (SIOR) elected its 2020 officers during its Spring World Conference in Washington, D.C.… Read more
Arbor Provides Fannie Mae Refi on Madison-Area Apartments
Arbor Realty Trust recently funded a Fannie Mae Small Loan in Sun Prairie, WI, a suburb of Madison. Stonewood Crossing,… Read more
Rents Slide in L Train Neighborhoods Even as Shutdown Averted
The dreaded L train shutdown between Brooklyn and Manhattan didn’t happen. But neither did the expected rebound in apartment rents… Read more
Interactive Golf Coming to 22K SF at Empire Outlets
Slated to open to the public on May 15, BFC Partners’ Empire Outlets will hold at least one attraction in… Read more
De Blasio: “Classic Glass and Steel” Towers Will Be Banned
Mayor Bill de Blasio has spelled out a $14-billion package of investments and legislation known as New York City’s Green… Read more
NYC Employment Reaches All-Time High
New York City employment reached 4.55 million jobs in 2018, the highest level ever recorded, according State Comptroller Thomas DiNapoli.… Read more
Netflix Plans Major NYC Expansion in Jobs, Real Estate
Netflix will expand its New York City office with a greater office presence in Manhattan, and the construction of sound… Read more
Meridian Arranges $100M Refi on Financial District Tower
Meridian Capital Group recently arranged $100 million in financing to refinance 90 Broad St. in the Financial District on behalf… Read more