New York City
NYC Approves 2.75% Rent Hike for 1M Rent-Stabilized Apts
The Rent Guidelines Board has approved rent increases for New York City’s nearly 1 million rent-stabilized apartments, with rates set… Read more
NYC Self-Storage Portfolio Lands $100M Loan from PGIM
A joint venture between The Carlyle Group and Sabharwal Properties has secured a $100 million debt package to refinance four… Read more
$668M Construction Loan Secured by Miami Waldorf Astoria Development Group
PMG, along with partners Greybrook, Mohari Hospitality, S2 Development, and Hilton, have secured $668 million in construction financing for the Waldorf Astoria Hotel… Read more
Competitor Takes Over WeWork’s Former NYC HQ
Coworking firm Industrious has taken over space previously used by WeWork as its New York City headquarters. Industrious signed a… Read more
Massport to Hire Current NYC Transit Chief Richard Davey
The Massachusetts Port Authority board has selected Richard Davey as its new CEO, pending his acceptance of the role. He… Read more
Chicago Ranks 3rd for Most Fortune 500 Companies
Chicago ranked third in Fortune’s 2024 edition of the 500 list, with 15 Chicago-area companies in this year’s ranking. It’s… Read more
Safehold Closes on Ground Lease of Senior Affordable Project in Orange
Ground lease REIT Safehold, Inc. has closed on a ground lease to facilitate the ground-up development of The Orion, a… Read more
Harlem Apartment Tower Secures $210M Construction Loan
Artimus, a New York City-based development firm, has secured $210 million in financing to construct a 490-unit, mixed-use apartment building… Read more
Lument Expands Capital Markets Team with New Hires
Lument has doubled the size of its real estate capital markets team, expanding the array of capital solutions it offers… Read more
Hochul Pauses NYC Congestion Pricing Plan Indefinitely
The first congestion pricing program enacted in the U.S. has been put on hold. New York Gov. Kathy Hochul said… Read more
BOMA New York Hosts Energy Action Day
As New York City moves forward to implement and enforce the Climate Mobilization Act, the largest climate solution of any… Read more
Austin Pickle Ranch Opens 2nd Facility
Austin Pickle Ranch opened its first facility eight months ago, and number two just opened. The 50,000-square-foot play space, located… Read more
Hines Doubles NY HQ in Hudson Square
Hines has nearly doubled its New York City office space with a 12-year lease at 555 Greenwich+345 Hudson in Hudson… Read more
MAG Partners Tops Out Two NYC Resi Towers
MAG Partners has reached a milestone with the topping out of two new Manhattan residential towers, a significant step towards… Read more
NYC Office Demand Drops 22% in April
NYC office demand has decreased 22% since March, equivalent to 3 million square feet, but it is still above the 2021-2023… Read more
Nintendo to Open Second U.S. Store in San Francisco
Nintendo of America on Friday announced plans to open an official store in San Francisco’s Union Square. With a 2025… Read more
NYC Pension to Preserve Affordable Housing with $60M Fund
New York City’s $86 billion pension fund for civil employees, NYCERS, is investing up to $60 million in a nonprofit-led… Read more
Romano Law Moves HQ to One Battery Park Plaza
Romano Law is set to relocate and expand its New York City headquarters, more than doubling its current space. The law firm has leased… Read more
NYC to Redevelop 122-Acre BK Coastline to Maritime Port
New York City is revitalizing a 122-acre Brooklyn waterfront stretch into a mixed-use community and modern maritime port. Mayor Eric… Read more