New York City
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
NY State Law Could Mean Larger Apt. Buildings
Potential changes to a New York state law could loosen zoning in regards to the size of residential buildings in… Read more
What Makes a City Favorable?
There are many things to consider when moving to a new city. To find out what aspects matter most, Abodo… Read more
$27B, 5-Year Capital Improvement Approved for MTA
New York State’s Capital Plan Review Board approved a $27 billion, five-year Capital Improvement Program for the New York City-based… Read more
Azzura Moves Forward on ph Premiere, Orlando
Azzura Development, based in New York City, will soon launch development on Planet Hollywood International’s debut hotel-condo brand, ph Premiere… Read more
Industrial Users versus Office Developers: The Space Grab
E-commerce and consumer demand fueled the need for more industrial space. Now industrial users/developers have competition. In some markets, technology… Read more
Meridian Capital Arranges $218M in Financing for NJ Buy
Meridian Capital has arranged $218.2 million in financing for acquisition of the 275-unit Wayne Village in Wayne, NJ, and the… Read more
Pfizer Strikes $5.2B Agreement with Anacor
Less than a month after pharmaceutical company Pfizer backed away from plans to acquire Allergan plc, it struck a $5.2… Read more
Shea Sells 105K-SF Retail to Zurich
NGKF Capital Markets completed a $51-million transaction involving the sale of The Marketplace at Windingwalk, a 104,206-square-foot, grocery-anchored neighborhood retail… Read more
Warner Building in DC Refinanced for $273M
Vornado Realty Trust, headquartered in New York City, announced that its 55% joint venture closed on a $273 million refinancing… Read more
CONNECT RETAIL: Would a Minimum-Wage Hike Hurt Retail?
Connect Retail is our weekly column on the sector, authored by veteran CRE writer Ian Ritter. Well, the retail real… Read more