New York City
No Luxury Residential Tower for Waterfront Site
Consolidated Edison is unlikely to sell its prime site on the waterfront in New York City’s Williamsburg neighborhood to a… Read more
Cuomo’s Deal on 421-A
Apartment developers in New York City will soon get a break on their property taxes with new apartment developments that… Read more
Goldman Sachs Strikes Again in Scottsdale
Goldman Sachs Group Inc. of New York City made its third acquisition in Scottsdale, AZ, paying $28.5 million to acquire… Read more
Praedium’s $43M MF Buy Stakes Atlanta Claim
Praedium Group LLC struck a deal with The Residential Group to acquire the 272-unit Crest at Laurelwood at 10247 State… Read more
CBRE Global Investors’ Fund Acquires California Plaza
A fund sponsored by Los Angeles-based CBRE Global Investors acquired California Plaza in Walnut Creek, CA from New York City-based… Read more
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
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
$1.5B Loan Paves Way for Second-Tallest NYC Building
SL Green Realty Corp. closed on $1.5 billion of construction financing to develop One Vanderbilt. The 1.6-million-square-foot office tower, topping… Read more
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