New York City
NYC Property Values Rise 6% to $1.5 Trillion
The total market value of all New York City properties for fiscal year 2024 is $1.479 trillion, a 6.1% increase… Read more
CBRE Hotels Capital Markets Institutional Group Arranges $514M Sale of 65-Hotel Portfolio
Atlanta, GA-based CBRE Hotels Capital Markets Institutional Group has arranged the sale of a 65-property, 7,865-key hotel portfolio located across… Read more
Service Properties Trust Sells 65-Property Sonesta Hotel Portfolio for $514M
Newton, MA-based Service Properties Trust has sold a 65-property, 7,865-key hotel portfolio located across 27 states for a total consideration… Read more
SRS Real Estate Promotes Britt Raymond to Managing Director in NYC
SRS Real Estate Partners has promoted Britt Raymond to managing director and market leader for the New York Capital Markets… Read more
JEMB Realty Adds Two Tenants at Brooklyn’s 1 Willoughby Square
JEMB Realty Corporation, a family-run real estate development, investment and management firm based in New York City, has secured two… Read more
NYC Apartment Rentals See Mix of Ups and Downs in December
New York City’s apartment rental market fared better than the national average in December, according to the monthly report from… Read more
Savanna Signs Two New Tenants to 19 W. 44th St.
Savanna, a New York City-based real estate investment manager, owner/operator and developer, has secured two new leases totaling 8,556 square… Read more
NYCHA, Partners Will Bring Three Northern Manhattan Properties Under Private Management
New York City Housing Authority (NYCHA) closed on the financing of a $137.6-million Permanent Affordability Commitment Together (PACT) project that… Read more
Shopping Center Vacancy Reaches Historic Lows
Retail shopping center real estate markets remained strong in the fourth quarter of 2022, as resilient demand drove shopping center… Read more
Fairstead, Intervest Capital Partners Pay $90M for Rockville Townhome Community
Fairstead and InterVest Capital Partners have paid $90 million to acquire the Villas at Rockville, a residential community in the… Read more
NYC HPD Selects Development Proposal for Bed-Stuy Affordable Complex
The New York City Department of Housing Preservation and Development (HPD) selected “The Steps at Saratoga” proposal from RiseBoro, IMPACCT… Read more
MTA Selects Skanska for Projects in Jamaica, Midtown Manhattan
Skanska has been selected by the Metropolitan Transportation Authority for projects in Queens and Manhattan. In the larger of the… Read more
NYC Multifamily Filings Take Steep Dive After Loss of 421-a Tax Break
Developer applications for residential building foundation construction in New York City fell off precipitously following the expiration of the 421-a… Read more
REBNY Inks Long-Term Renewal for Midtown Offices
The Real Estate Board of New York (REBNY) has extended its 23,031-square-foot lease for more than 10 years at the… Read more
Scores Sports Bar Scores First NYC Location
Lee & Associates NYC represented the Riese Organization in a new 15-year lease with Scores Sports Bar at 416 Eighth… Read more
FirstService Residential Tapped to Manage Clinton Hill High-Rise
FirstService Residential has been appointed manager for The Axel, a high-end rental tower in Brooklyn’s Clinton Hill neighborhood. The appointment… Read more
Eastern Union Arranges $40M for Aubinoe Management to Refi 369-Unit Community in Arlington
Commercial real estate finance company Eastern Union has arranged the $39.7-million refinancing of Washington & Lee Apartments, a 369-unit multifamily… Read more
NNN Pro Group Leaves Marcus & Millichap to Form Standalone Brokerage
NNN Pro Group, a New York City-based investment sales team at commercial real estate firm Marcus & Millichap, has separated… Read more
NYC Labor Market “Continues to Heal” Yet Job Growth is Slowing
New York City’s labor market “continues to heal” as the private sector has added jobs for 10 consecutive months and… Read more