New York City
MTA’s Lhota: ‘Hold Us Accountable’ on Subway Overhaul
Metropolitan Transportation Authority chairman Joe Lhota charted the authority’s progress in addressing near-term and long-term issues with New York City’s… Read more
San Antonio: We’re No. 6! In Solar
An analysis issued by Environment America has placed San Antonio No. 6 for installed solar capacity in the United States.… Read more
CBRE Brokers Deal for Peter Lik’s First Chicago Gallery
CBRE’s Chicago office represented landlord GLL Real Estate Partners in what will be the first retail location in the city… Read more
KKR Mortgage REIT Finances West Side Multifamily
KKR Real Estate Finance Trust (KREF) capped an active March with an $86-million senior loan on a 186-unit New York… Read more
City, State Reach Accord on Subway Action Plan
New York City will put up half the $836 million to fund an emergency action plan that would address short-… Read more
316-Bed Dakota Ranch Sells to New York Buyer
Dakota Ranch, a 316-bed student housing property serving Texas State University, sold to Alden Street Capital, which is headquartered in… Read more
$53.5M Financing Arranged for Philly’s Pod Hotel Construction
Modus Hotels and the Parkway Corporation secured $53.5 million in financing for the construction of a Pod Hotel in Philadelphia,… Read more
ReadyCap Commercial Adds Chicago Presence
Small-balance lender ReadyCap Commercial has opened a bridge lending office in Chicago, hiring Mark Blaha as a director of originations… Read more
Rent Regulation Stays in Effect in NYC Until 2021
State-level rent regulation laws have been extended in New York City until April 1, 2021 under legislation signed into law… Read more
77 Units Trade in Rare Bulk Condo Sale Outside Manhattan
Cushman & Wakefield has arranged the bulk condominium sale of The Cambium, an upscale condo project in the Village of… Read more
Leasing in Gov’t, NFP Sector Hits Cyclical Peak
New York City’s not-for-profit and public sector reached a cyclical high for both leasing and sales activity in 2017, Cushman… Read more
Public Service Veteran Joins Navy Yard as COO
Michael Kelly has come to Brooklyn Navy Yard as COO and EVP. Kelly, who began his career as an architect,… Read more
Q&A with Lendlease’s Melissa Burch: Upside and Challenges in NYC Development
The headwinds facing developers in New York City are comparable to what Lendlease is seeing in other global gateway markets… Read more
Savitt Partners’ 530 Seventh Sees Clutch of Tech Leases
Savitt Partners’ 530 Seventh Ave. continues to draw tenants from the tech sector, as shown by a quartet of recent… Read more
NYC Tourism Continues to Set Records
Tourism to New York City set a new record in 2017, with an estimated 62.8 million visitors last year, according… Read more
Dealmakers in the Spotlight at REBNY Awards Ceremony
Commercial real estate deal-making will take center stage at next month’s Real Estate Board of New York ceremony honoring this… Read more
Federal Tax Reform Package to Provide Boost in California
The recently-enacted federal Tax Cuts and Jobs Act reform legislation is expected to drive interest in knowledge-center markets, spur investment… Read more
Cuomo Pledges $250M More for NYC’s Public Housing
New York Gov. Cuomo has proposed an additional $250 million in the state budget to support the New York City… Read more
What Are Comparative Costs to Build Out Office Space Today?
Construction costs rose 3% through 2017 and are expected to follow suit heading into 2018 and beyond, predicts JLL in… Read more