New York City
Trader Joe’s Will Open First Harlem Store
The Prusik Group, BRP Companies, L+M Development Partners and Taconic Partners have signed a 28,000-square-foot lease with Trader Joe’s on… Read more
Katz & Associates Promotes Three Retail Brokers
Katz & Associates has promoted Holly Buchanan and Donny Moskovic to senior director and David Yablon to director. They’re based… Read more
Under-Construction Austin Apartments Change Hands
Newmark arranged the sale of The Monroe, a 223-unit new-build multifamily asset in Austin near the burgeoning East Riverside Corridor.… Read more
Life Time Muscles Ahead with Manhattan Expansion
Although COVID-19 has turned the fitness industry upside down in New York City, Life Time is forging ahead with plans to… Read more
State Comptroller: NYC Budget at Risk Without More Federal Aid
New York City’s budget faces risks of more than $2 billion annually through fiscal year 2024 without additional federal aid… Read more
Monmouth REIT Mulls Unsolicited Bid from Blackwells
Monmouth Real Estate Investment Corporation, based in Holmdel. NJ, said Monday it had received an unsolicited proposal from Blackwells Capital… Read more
New York City, State Lose $1.6B in Tax Revenue as Investment Sales Drop
New York City’s year-to-date investment and residential sales totaled $40.3 billion, representing a 49% year-over-year decline and leading to a 41%… Read more
“Raise Your Returns and Lower Your Risk”: Safehold’s Jay Sugarman on the Modern Ground Lease
By Paul Bubny In 2017, commercial real estate finance veteran Jay Sugarman launched Safehold, a publicly-traded REIT managed by iStar… Read more
Council Speaker Johnson Wants Revamp of NYC’s “Broken” Planning
Calling the city’s planning process “completely broken,” New York City Council Speaker Corey Johnson issued a report that proposes a… Read more
Pembrook Arranges Acquisition Debt for Shaker Heights Portfolio
New York City-based Pembrook Capital Management is providing a $17,764,288 loan for the acquisition and renovation of a value-add multifamily portfolio… Read more
Financial Advisor Commits to Midtown with Long-Term Lease
Independent financial advisory group WealthEdge, betting on the resurgence of New York City, signed a new lease for office space… Read more
Avison Young: Vaccine Availability Will Shape Future of NYC Office
The future of New York City’s real estate market will depend heavily on the widespread availability of an effective COVID-19… Read more
NYC Construction Filings Reach 10-Year Low
The number of new construction filings in 2020 is New York City’s lowest since the wake of the Great Recession,… Read more
City Housing Agencies Line Up $289M RAD Loan
Fannie Mae financed a $289-million Rental Assistance Demonstration (RAD) transaction with its Delegated Underwriting and Servicing (DUS) lender partner Wells Fargo and… Read more
601W Plans Makeover for Northern Trust Offices in South Loop
Nine months after acquiring Northern Trust’s now-vacant offices at 801 S. Canal St. in Chicago’s South Loop for $68 million,… Read more
Douglaston Development Promotes Jed Resnick to CEO
Jed Resnick has been named CEO of Douglaston Development, one of the largest residential and mixed-use developers in New York City.… Read more
Lawyers in Real Estate 2020: Silverstein Properties Inc.’s Jonathan Knipe
As EVP and General Counsel for Silverstein Properties, Inc. (SPI), Jonathan Knipe is the company’s chief legal officer and corporate… Read more
Lawyers in Real Estate 2020: Greenberg Traurig’s Jacqueline Greenberg Vogt
Greenberg Traurig’s Jacqueline Greenberg Vogt has more than 20 years of experience in construction law and concentrates on construction contracting… Read more
Lawyers in Real Estate 2020: Phillips Nizer’s Marc Landis
Managing partner at Phillips Nizer, Marc Landis maintains a diverse real estate and corporate transactional practice focused on the acquisition,… Read more