New York City
Chicago Ranks Third in U.S. for Construction Costs
Chicago’s the third most-expensive construction market in the U.S., behind New York City and San Francisco, JLL reported. The Midwest’s… Read more
Paramount Group to Sell D.C. Office Building for $115M
New York City-based real estate investment trust Paramount Group has entered into an agreement to sell 1899 Pennsylvania Avenue, a… Read more
City, Amtrak Release Sunnyside Master Plan
The de Blasio Administration and Amtrak released the Sunnyside Yard Master Plan for development over the railroad’s Western Queens storage… Read more
Digital Promotions Firm Expands Midtown West HQ
Handler Real Estate Organization said Quotient Technology Inc. has signed a long-term expansion for its New York City headquarters at 263 W. 38th… Read more
Merchants Secures Permanent Financing on UWS Seniors Housing
Mortgage banking company Merchants Capital recently structured the $66-million permanent financing for Goddard Riverside Community Center’s Phelps House, a 169-unit affordable housing complex… Read more
Quinn Barton Joins Greystone in Newly Created CIO Role
Quinn Barton has joined Greystone in New York City as CIO of the commercial platform, a newly created position. He’ll… Read more
NYC Apartment Growth Runs Slightly Ahead of State, U.S. Averages
New York City rents have declined 0.1% over the past month, but are up moderately by 2.2% from a year… Read more
Michelle MacKay Joining CushWake in Newly-Created COO Role
Michelle M. MacKay will join Cushman & Wakefield as COO, stepping down from her role on the firm’s board of… Read more
Silverstein/CantorFitz JV Preps for LV Opportunity Zone
A joint venture of New York City’s Silverstein Properties and Cantor Fitzgerald has announced a 9.6-acre opportunity zone-qualified project site… Read more
Net Lease Investments Chart Record 2019 with $78B Across U.S.
In its year-end 2019 tabulations, CBRE is reporting U.S. net-lease investment reached record highs last year, with investors increasingly attracted… Read more
NYC’s Evolving Superregional Industrial Market
The term “megalopolis” has been around for more than a century. In 2020, someone may need to coin a comparable… Read more
Rent-Stabilized Multifamily Sales Drop 73% Y-O-Y
Although New York City commercial property sales generally declined year-over-year during 2019, rent-stabilized apartment buildings took the biggest hit. The… Read more
NYC Investor Acquires Kennebunkport Resorts
EOS Investors, a privately-held investment firm based in New York City, acquired the nine-property Kennebunkport Resort Collection in Kennebunkport, ME. Deal… Read more
Transwestern Nonprofits Platform Hires Skelskie, Promotes Powers
Transwestern Commercial Services (TCS) made two high-profile personnel moves in its New York office that strengthen its Nonprofit Advisory Services team.… Read more
Apple Takes a Bite Out of Macy’s Office Space
Apple is joining Google and Facebook among tech giants with an expanding office presence on Manhattan’s West Side. The New… Read more
Hersha Offloads Hotels in Boston, NYC, Miami
Hersha Hospitality Trust has entered into binding sales contracts for two consolidated hotels and two unconsolidated joint venture assets for… Read more
Financing on Ceruzzi’s Condo Tower a First for Korean Capital
Ceruzzi Properties has secured the next phase of financing for its Centrale luxury residential condominium tower at 138 E. 50th… Read more
Halpern Closes on O-Zone Development Platform
New York City-based Halpern Real Estate Ventures (HREV) closed on its inaugural Opportunity Zone Platform after achieving its target of… Read more
Venture Fund Will Open NYC Office at 183 Madison
Venture fund Alumni Ventures Group has signed a lease at APF Properties’ 183 Madison Ave. in Midtown South. NKF’s Andrew Sachs, Tim Gibson, Josh… Read more