New York City
Hochul Proposes Affordable Housing Initiatives in State of State Address
New York Gov. Kathy Hochul on Tuesday outlined several initiatives aimed at improving housing affordability for owners and renters. Presented… Read more
KnitWell Renews, Expands to 246K SF at BXP’s 7 Times Square
BXP said Monday that it signed an approximately 246,000-square-foot long-term lease renewal and expansion with KnitWell Group at 7 Times… Read more
Large Office Loans Drive CMBS Delinquencies Higher in December
Fitch Ratings’ overall U.S. CMBS delinquency rate climbed 22 basis points to close 2024 at 2.98%, up from 2.76% in November… Read more
CP Capital Trades Newly Built Boston-Area Multifamily to All-Cash Buyer
CP Capital, a New York City-based real estate investment manager specializing in multifamily, has sold Hathon, a 190-unit apartment community located in… Read more
Bravo Capital’s Aaron Krawitz Sees Opportunities in Transitional Environment
Launched in 2021 by industry veteran Aaron Krawitz, Bravo Capital has set its sights on two key property sectors: multifamily… Read more
Alloy Secures $290M Permanent Financing for NYC’s First All-Electric Skyscraper
Alloy Development has secured $290 million in permanent financing for 505 State St., reportedly New York City’s first all-electric skyscraper,… Read more
Nearly 1 in 3 NYC Office Buildings Offer Strong Conversion Potential
New York City is home to 85 million square feet of office space, concentrated mainly in Manhattan, with strong potential… Read more
TF Cornerstone Scores $205M Financing on LIC Apartments
M&T Realty Capital Corporation provided $204.945,000 million in Fannie Mae financing to TF Cornerstone on 46-10 Center Blvd., a 584-unit… Read more
ROUND1 Scores NYC’s Largest Retail Lease of 2024
Newmark Retail said Friday it had secured an 80,300-square-foot lease forrROUND1 Bowling & Arcade at ShopCore Properties’ The Shops at… Read more
Adams Launches Charter Revision Group to Boost Housing Development
Building on his administration’s success in securing City Council approval for the City of Yes rezoning proposal, New York City… Read more
Red Stone Equity Closes on Its Largest LIHTC Fund to Date
New York City-based Red Stone Equity Partners LLC has closed on Red Stone Equity – Fund 113 Limited Partnership, a $263.2-million multi-investor Low-Income… Read more
NY City Council Approves City of Yes Rezoning Plan
The New York City Council on Thursday voted to approve the Adams administration’s City of Yes for Housing Opportunity plan,… Read more
Avison Young Arranges $21.5M Midtown Office Sale
Avison Young has arranged the sale of an 81,082-square-foot office property at 15 W. 36th St. in Midtown Manhattan on behalf… Read more
Dune, TF Cornerstone Launch $1B Office-to-Residential Venture
Dune Real Estate Partners and development firm TF Cornerstone (TFC) said Tuesday they had created a $1-billion venture, Alta Residential,… Read more