New York City
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
Kramer Levin Promotes Nine Attorneys to Counsel, Special Counsel
Kramer Levin has promoted Manhattan-based real estate attorneys Meigan P. Serle and Daniel Stewart, along with Douglas Buckley, Rita Celebrezze… Read more
Forest Hill Apartments Trade for First Time Since 1983
An entity tied to property manager Jordan Cooper LLC sold a 60-unit apartment building at 108-50 71st Avenue in Forest… Read more
Pembrook Lends on Recapitalization for Ohio Apartments
Pembrook Capital Management LLC, a leading multifamily bridge loan lender, provided a $28,150,000 first mortgage bridge loan to finance the… Read more
NYC REIT Plans to Change REIT Status, Look Beyond New York Office
New York City REIT, Inc. (NYC) intends to change its REIT election and become a taxable C corporation. NYC will… Read more
Thor Equities-Led Group Affirms Plan for Coney Island Casino Bid
Thor Equities, Saratoga Casino Holdings, The Chickasaw Nation and Legends jointly announced on Monday their plans to respond to New… Read more
CMBS Loan Delinquencies Tick Upward for Third Consecutive Month
CMBS loans rated by Kroll Bond Rating Agency (KBRA) saw an eight-basis point increase in delinquencies during December 2022. The… Read more
Chain Retailers Have Diminished NYC Presence Compared to 2019
Despite a 0.3% increase in locations as of November, the number of chain stores in New York City was still… Read more
Tech Park Taking Shape on the Shores of Lake Woodlands
Alexandria Real Estate Equities is redeveloping more than 12 acres in The Woodlands, at a cost of $200 million. Alexandria… Read more
Multifamily Managers Use Access Control Tech to Handle Steep Increases in Package Deliveries
Package delivery volume at multifamily properties is estimated to grow almost 15% per year through 2025, with Amazon alone shipping… Read more
Adams Proposes Revamps for Fifth Avenue, Cross Bronx Expressway
In separate announcements on Sunday and Monday, Mayor Eric Adams unveiled proposals to reimagine two of New York City’s major… Read more
REBNY Reports Sharp Drop in Construction Activity Citywide
New York City saw 351 new building filings in the third quarter of 2022, a 17% decrease from Q2 and… Read more
Highgate to Acquire Viceroy Hotels & Resorts
New York City-based real estate hospitality investment and management company Highgate has entered into a definitive agreement to purchase Viceroy… Read more
Wells Fargo Launches Emerging Middle Market Segment for NYC Metro
Wells Fargo has launched its emerging middle market (EMM) segment within the company’s Metro New York commercial banking team. Focused… Read more
Hochul, Adams Unveil 40-Point “New New York” Action Plan
New York Gov. Kathy Hochul and New York City Mayor Eric Adams on Wednesday announced the “New New York: Making… Read more