New York City
GiGstreem Raises $50M to Deploy Multifamily WiFi in 15 U.S. Markets
New York City-based gigabit internet service provider GiGstreem has secured a $50-million investment from Crestline Investors to support its continued growth… Read more
Prism Secures New Financing for Edson Lofts Adaptive Reuse
Prism Capital Partners has secured new financing for Edison Lofts at Edison Village, the firm’s adaptive re-use of Thomas Edison’s historic Invention Factory and… Read more
The Renter Exodus to the Suburbs Didn’t Actually Happen
The rental market experienced significant disruptions in 2020, with 18% more renters changing residences compared to 2019, a migration mostly… Read more
Manhattan Office Availabilities Reach Highest Level in At Least Three Decades
Manhattan office availabilities hit a peak going back at least three decades in the first quarter, according to Q1 reports… Read more
Chicago-Based Tock Trades to Squarespace for $400M
Chicago-based Tock, a cloud-based platform serving the hospitality industry, has been acquired by Squarespace for more than $400 million in… Read more
NYC’s Congestion Pricing Plan Gets Federal Go-Ahead for Next Step
The U.S. Department of Transportation on Tuesday gave the go-ahead for New York City’s congestion pricing plan to launch its… Read more
Logistics Expert Joins CBRE Global Investors
Mary Lang has joined CBRE Global Investors as a portfolio manager to focus on the firm’s U.S. logistics investment strategies.… Read more
Cerberus Closes Opportunistic RE Fund with $2.8B of Commitments
Cerberus Capital Management said Monday it had $2.8 billion of commitments for its flagship global opportunistic real estate strategy. Cerberus… Read more
Longtime Savills Leader Will Become Its Next President
David Lipson, one of Savills’ longest-tenured leaders, will serve as its next president. He will initially split his time between Savills North… Read more
Suburban Apartments Have Outperformed Central Cities, Right? Not Necessarily
Among the theses that emerged during the course of the pandemic was that suburban apartment properties have outperformed their central-city… Read more
Office Demand Recovers in NYC, Other Key Markets as 2021 Progresses
A year after the pandemic began, demand for office space in the country’s largest markets is approaching pre-COVID levels, and… Read more
Industrial Takes Center Stage on Staten Island
In 2020, Staten Island was top of mind for industrial developers, Ariel Property Advisors says in its first-ever Staten Island… Read more
Value-Add Finds Fresh Appeal from Freshwater Group
New York City-based Freshwater Group was looking for a value-add opportunity in a great location. And that opportunity presented itself… Read more
Times Square-Area Hotel Sells as Investor Confidence Begins Returning
JLL Hotels & Hospitality closed the sale of the Gallivant Times Square hotel, a 336-key hotel at 234 W. 48th St. The… Read more
San Diego Clocks in Third for Self-Storage Deal Volume
Nationally, more than 46 million square feet of storage space traded last year, for a combined $3.68 billion, a 6… Read more
SL Green Launches Portfolio-Wide COVID Testing Initiative
SL Green Realty Corp. has launched what is reportedly the first portfolio-wide COVID testing initiative in New York City. Working… Read more
Swingers Crazy Golf Coming to Washington D.C. This Summer
U.K.-based mini-golf chain Swingers has announced its expansion into the United States as well as $20 million raised in follow-on… Read more
Migration in the Pandemic Was Less Than Expected, But with “Major Implications”
The mass exodus from major urban centers such as New York City and San Francisco during the height of the… Read more
Newly Built Seniors Housing Trades in Sayreville
AMS Acquisitions LLC, a New York City-based investment firm, sold Gillette Towers, a two-building seniors housing community in Sayreville, NJ for… Read more