New York City
Chef Simon Kim Will Bring New Concept to Three Levels at 550 Madison Ave.
Gracious Hospitality Management’s founder and restaurateur Simon Kim, who created New York City’s Michelin-starred COTE Korean Steakhouse, will bring a… Read more
TGM Closes $300M Separate Account Vehicle; Plans $600M of Multifamily Deals
Investment advisory firm TGM has closed a separate account investment vehicle with a longstanding institutional pension fund client. The separate… Read more
New York City Industrial Sector Finishes 2022 Strong
The New York City industrial market is in good health as leasing activity gained momentum in fourth-quarter 2022, reported CBRE.… Read more
Vista Property Files for Two New Projects in Fulton Market
New York City-based Vista Property, which has invested heavily in Chicago, is seeking zoning approval for two new projects west… Read more
NYC Building Owners Could Face Hundreds of Millions in Fines Under Local Law 97
Thousands of properties are on track to be out of compliance with New York City’s buildings emissions law, Local Law… Read more
Rockefeller Group Developing Greenpoint Rentals, Its First in NYC
Rockefeller Group is developing 16 DuPont, located along the Greenpoint waterfront in Brooklyn. The 41-story ground-up residential tower is the… Read more
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