New York City
JV of Venture One, DRA Recapitalizes Industrial Portfolio for Nearly $369M
Rosemont, IL-based Venture One Real Estate has formed a joint venture with New York City-based DRA Advisors to take over… Read more
NYC Unemployment Rate Ticks Upward in February as Statewide Rate Declines
New York State’s unemployment rate held steady in February at 4.2% statewide, according to figures from the New York State… Read more
Adams Administration Plans Expansion of Harlem River Greenway into the Bronx
The Adams administration will begin public engagement in April on a plan for an expansion of the Harlem River Greenway… Read more
Cadre Launches Investment Fund with Value-Add Emphasis
Cadre, a New York City-based technology-driven commercial real estate investment manager, has launched Cadre Direct Access Fund II (CDAF II). It’s the latest… Read more
RFR Joint Venture Acquires Retail Portion of Upper West Side Condos
RFR and Waterfall Asset Management acquired the 33,000-square-foot retail condominium portion of The Astor condominium building at 2139 – 2159… Read more
NYC Housing Production Sags for Third Consecutive Month
New York City saw 22 new multifamily foundation filings in February 2023, totaling 432 proposed dwelling units, the Real Estate Board… Read more
F&B Tenant Signs for Space at Port Authority Bus Terminal
JRT Realty Group, Inc. and subconsultant MCCGUSA, Ltd. arranged a lease for retailer Gong Cha at the Port Authority of… Read more
Emerald Creek Provides $61M Inventory Loan on LIC Condos
New York City-based bridge lender Emerald Creek Capital has provided a $60,500,000 condominium inventory loan in Long Island City for an undisclosed… Read more
Meridian Arranges Financing for Morris Plains Multifamily Acquisition
Meridian Capital Group arranged $30.7 million in acquisition financing for The American, a multifamily mid-rise property in Morris Plains, NJ… Read more
Biltmore Apartment Tower Owners Land $248M Refi
Newmark arranged a $248-million refinancing of The Biltmore, a 464-unit luxury apartment building in Manhattan’s Midtown West submarket, for BentallGreenOak and Slate Property Group.… Read more
City Council Enacts Ordinance to Boost Traffic Safety, Speed Up Public Transit
The Chicago City Council enacted the Smart Streets Pilots Ordinance, a new measure establishing two downtown pilot programs intended to… Read more
NYC Employment Now at 99.4% of Pre-COVID Levels
New York City’s labor market continues to recover, as the private sector has added jobs for 12 consecutive months and… Read more
FM Capital Secures $50M Construction Loan for Newark Apartments
FM Capital, a New York City-based commercial real estate firm specializing in loan originations and direct lending, has secured a… Read more
NYC Life Science Leasing Reaches New Highs
2022 was a banner year for New York City’s life sciences market, CBRE reported. The market saw leasing total 455,000 square feet,… Read more
Pretium Names President of Enterprise Services
Pretium, a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit, has hired Julie Harbert firm as… Read more
Rubenstein PR Will House New Offices at 1330 Ave. of the Americas
Rubenstein Public Relations (RPR) has signed a 10-year office lease for slightly more than 13,200 square feet on the 14th floor… Read more
PORT 32 Marinas in Charleston Berths Austin Schell as CEO
Charleston, SC-based PORT 32 Marinas, LLC has appointed Austin Schell as CEO of PORT 32 and as a member of… Read more
Transwestern Rolls Out Sports & Entertainment Advisory Platform
Transwestern Real Estate Services launched its national Sports & Entertainment advisory group, which will identify and execute the growing number of real… Read more
Brown Commercial Group Arranges Elk Grove Industrial Lease
Brown Commercial Group negotiated a 75,072-square-foot, full-building industrial lease in Chicago’s O’Hare submarket. The lease will allow Masterpiece International to… Read more