New York City
Blackstone Secures $99M in Financing for 44 Wall Street
Deutsche Bank and Paramount Group have teamed up to finance 44 Wall Street in New York City, a Blackstone Group-owned… 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
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
Logan’s Roadhouse Files for Bankruptcy
Logan’s Roadhouse Inc., which owns and operates steakhouses throughout the United States, has filed for bankruptcy protection. As part of… Read more
Global Net Lease Strikes Acquisition Deal Valued at $3.3B
Global Net Lease Inc. has entered into a definitive agreement to acquire all outstanding stock of American Realty Capital Global… Read more
Austin’s Seaholm Commercial Space Under Contract to Clarion
Clarion Partners, headquartered in New York City, is under contract to buy all the commercial space in the mixed-use Seaholm… Read more
Chinese CRE Investment Overseas Hits $17B in First Half of 2016
Chinese outbound property investment reached $17 billion during the first five months of 2016, according to a report released by… Read more
As Death-Rate Drops, Funeral Homes Sell to Developers
During the past two decades, hundreds of funeral homes across New York City have closed down. People are living longer… Read more
NYC’s Park 7 Obtains $86M to Build Southern Student Housing
Park 7 Group, headquartered in New York City, has received a total of $86 million in construction financing to build… Read more
NYC’s Astoria Cove MF Development On Hold
Astoria Cove, a 2.2-milliion-square-foot waterfront housing development in New York City’s Astoria neighborhood, has hit a financing roadblock. The project,… Read more
Analysts Call for 25% Drop in UK CRE Prices
Though UK funds with exposure to commercial real estate in and around Britain have yet to be open for trading… Read more
MD-Based DiamondRock Closes on Two Hotel Sales, Pockets $208M
DiamondRock Hospitality Co. closed on two hotel sales totaling $208 million. The 169-room Hilton Garden Inn Chelsea/New York City went for… Read more
NYC’s Greystone Hires Denver’s Cambridge Housing Partners
Greystone, headquartered in New York City, hired a team from Denver-based Cambridge Housing Partners. The team, led by David P.… Read more
TruAmerica Pays $81M for Scottsdale Apartments
TruAmerica Multifamily, headquartered in Los Angeles, paid $80.9 million to acquire the 644-unit Scottsdale Springs apartments in Scottsdale, AZ. Abacus… Read more
Waldorf Astoria in NY to Shut Down in ’17 for Condo Redo
The Waldorf Astoria, New York City’s iconic hotel, is scheduled to close in spring 2017. At that time, owner Anbang… Read more
ASB Buys Union Square MXU in Manhattan
ASB Real Estate Investments joined forces with L3 Capital to acquire a Union Square, mixed-use building at 862 Broadway in… Read more
JV Plunks Down $122M for AZ Office Portfolio
Phoenix-based Wentworth Property Co. LLC has teamed with Northwood Investors of New York City to acquire a five-building, 638,717-square-foot office… Read more
NY-Based Dome Equities Acquires 8th FL Multifamily
Dome Equities, headquartered in New York City, has bought the 240-unit, Class A, Alta Mira from developer Wood Partners. The… Read more
American Realty Completes $180M Manhattan Buy
American Realty Capital New York City REIT, Inc. (NYCR) completed its acquisition of 1140 Avenue of the Americas, an institutional-quality… Read more