New York City
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
Law Firm Crowell & Moring Leases 71K SF at 2 Manhattan West
International law firm Crowell & Moring LLP will move its New York City office to Brookfield Properties’ Two Manhattan West.… Read more
NYC Names Developer for Staten Island Offshore Wind Port Facility
New York City Economic Development Corporation (NYCEDC) has selected NorthPoint Development to transform Rossville Municipal Site, a 33-acre city owned… Read more
Adams Unveils “Moonshot” Plan for 500K New Housing Units in NYC
New York City Mayor Eric Adams on Thursday unveiled a “moonshot” plan to add 500,000 housing units over the next… Read more
Report: Flexible Workspaces Help Drive LWP Development
Mention the words “live-work-play,” and the first thing that might come to mind is residential first and “play,” or retail/entertainment… Read more
Footwear Brand Dolce Vita Steps into SoHo Lease
Newmark Retail secured a new 3,165-square-foot lease for the New York City-founded, global footwear brand Dolce Vita. The new outpost… Read more
JLL Launches Financial Services Platform in Americas
JLL has launched JLL Financial Services in the Americas. Led by president Bobby Magnano and vice chairman Giles Wrench, the… Read more