New York City
Verizon Signs on as Essex Crossing’s Anchor Office Tenant
Delancey Street Associates, a joint venture of Taconic Partners, L+M Development Partners, BFC Partners, the Prusik Group, and the Urban Investment… Read more
NYC Multifamily Sales Post Big Gains in Q3
New York City’s multifamily market experienced a significant uptick in activity on both a year-over-year and quarter-over-quarter basis during the third… Read more
CoreNet NYC Hosts Presentation by Larry Silverstein
The New York City Chapter of CoreNet Global recently hosted “A Conversation with Larry Silverstein,” an intimate event in which the chairman… Read more
Maverick Surpasses Fundraising Target with Latest Vehicle
Maverick Real Estate Partners has reached the closing for its latest real estate credit fund, Maverick Lien Fund VI LP, with total equity… Read more
Industry Groups Applaud Proposal for Backstop on Pandemic Risk Coverage
The Real Estate Roundtable and, on a more local level, the Real Estate Board of New York (REBNY), gave a thumbs-up to… Read more
Arden Group, Spitzer Enterprises Partner to Develop Jersey City Rentals
Arden Group, through one of its private fund vehicles focused on Opportunity Zone development, will partner with Spitzer Enterprises to construct a… Read more
NYC Comptroller Sees Robust Economic Growth, But Not Full Recovery Yet
New York City Comptroller Scott Stringer’s annual fiscal report shows that the city’s economy grew robustly through much of the… Read more
Billion-Dollar Disasters Spur Mitigation Funding
The announcement this week that the de Blasio administration would allocate $110 million to addressing sea-level rise and storm surge that together pose a threat… Read more
Hudson on Farmer Sows Refi of $45M
Refinancing of $45 million was recently arranged for Hudson on Farmer, a class-A multifamily property in Tempe, AZ. The 24-month… Read more
ICER Properties Acquires Six GA Multifamilies with $130M Meridian-Arranged Loan
ICER Properties has acquired six multifamily properties in GA with $130 million in acquisition financing arranged by Meridian Capital Group.… Read more
SKAPC Tapped for Master Plan on Upgrades at Union City Luxury Rentals
Steven Kratchman Architect PC (SKAPC) has been appointed by the board of directors of Troy Towers, a 22-story residential building at 380 Mountain… Read more
Chelsea Piers Fitness Signs Lease as Flagship Retail for One Madison Ave.
SL Green Realty Corp. signed Chelsea Piers to a 55,780-square-foot, 20-year lease as the flagship retail tenant at One Madison Ave., its 1.4-million-square-foot office development in… Read more
Wall Street Posts Near-Record Profits, Says NYS Comptroller
Wall Street’s run of prosperity extended into the first half of 2021 with $31 billion in pre-tax earnings, beating 2020’s… Read more
JV Aims to Acquire Single-Tenant Industrial Properties between Boston and Baltimore
A newly formed joint venture between Pacer Partners (Boston and New York City) and Drake Real Estate Partners (New York… Read more
Meridian Lines Up $380M Financing on Nationwide Storage Portfolio
Meridian Capital Group arranged $380 million in financing for a 22-asset self-storage portfolio located across the country on behalf of Prime… Read more
Wonolo Announces Raise of a $138M Growth Round
Increasingly, businesses across the country are grappling with unpredictability – from inconsistent consumer demand to labor shortages to supply chain… Read more
Law Firm Relocates, Expands within Graybar Building
Avison Young’s New York City office arranged a 27,000-square-foot lease for the law practice of Wingate, Russotti, Shapiro & Halperin,… Read more
Remote Working Could Mean $1.6B Loss for NYC Retailers
A greater emphasis on remote working could cost New York City’s retailers up to $1.6 billion annually with a $111-million net decline in tax revenue, city Comptroller Scott Stringer… Read more
Enclave Buy Marks RockFarmer’s Second Venture in Austin Multifamily Market
New York City-based RockFarmer Properties and Austin-based Wildhorn Capital recently acquired Enclave at Waters Edge. The 184-residence multifamily development located… Read more