New York City
KPG Deploys Urban Umbrella Safety Mesh on Soho Project
Real estate investment firm KPG Funds unveiled a new building-wrapping safety mesh for protecting pedestrians on urban sidewalks during periods… Read more
12 Trends That Are Shaping Commercial Real Estate in 2020
By Paul Bubny Twelve different commercial real estate trends and 12 different voices to express each of them. NKF’s white… Read more
NYCEDC Seeks Input on Update for Hunts Point Plan
New York City Economic Development Corporation (NYCEDC) selected a team led by the Pratt Center for Community Development to help facilitate a… Read more
Black Bear Secures $107M for Multiple Borrowers
Black Bear Capital Partners (BBCP) recently arranged $106.5 million on behalf of multiple borrowers for the refinance of several multifamily portfolios throughout New York City.… Read more
Durst, Port Authority Ink 47K SF of 1 WTC Leases
The Durst Organization and The Port Authority of New York and New Jersey recently completed about 47,000 square feet of… Read more
Cornerstone Finances New Haven-Area MF Acquisition
Cornerstone Realty Capital recently arranged $5.5 million for the acquisition of Crestview Apartments in West Haven, CT. Buyer and seller… Read more
Longtime Legal Tenant Renews at Fisher Brothers’ 605 Third
Fisher Brothers recently finalized a full-floor lease extension with Katsky Korins LLP at 605 Third Ave. The extension, which encompasses 19,871 square… Read more
NKF Provides $102M Financing for Indianapolis Apartment Deal
Newmark Knight Frank Multifamily (NKF) arranged $102 million in Fannie Mae debt on behalf of Spruce Capital. The debt helped… Read more
Staples Headquarters Trades in $165M Deal
Office supplies retailer Staples has sold its headquarters campus in Framingham, MA for $165 million. The buyer was reportedly New… Read more
NYC Development Sites See Uptick in Sales
Sales of residentially-zoned development site sales above $5 million rose 11% across New York City in the fourth quarter compared… Read more
W. P. Carey in 15-Building Sale-Leaseback for Helicopter Campus in Aurora
New York City-based W. P. Carey completed a sale-leaseback with Columbia Helicopters involving a 187,016-square-foot portfolio in Aurora, OR. The… Read more
New York Hotelier Announces 217-Key Dream Hotel
Dream Hotel Group, a hotel management company headquartered in New York City, announced plans to build a 217-room hotel in… Read more
New York’s Office Sales Crown Slips in 2019
Although it’s generally regarded as the monarch of U.S. office markets, New York City’s crown slipped in 2019. The year’s… Read more
Edge Principal Advisors Closes Fourth Fund at $560M
Edge Principal Advisors, a real estate investment management firm headquartered in New York City, announced the final closing of its fourth… Read more
Greystone, Rittenhouse JV on Northeast-Focused Platform
Greystone, a New York City-based commercial real estate lending, investment and advisory company, and Philadelphia-based Rittenhouse Realty Advisors, have combined… Read more
Bluerock Real Estate Snags 254-Unit Avenue 25
Bluerock Real Estate LLC struck a deal with Milburn & Co. to acquire Avenue 25, a 254-unit multifamily complex in… Read more
Comptroller Stringer Wants 25% Affordable in All New Development
New York City Comptroller Scott Stringer has proposed a universal requirement for 25% permanently low-income affordable housing in all new… Read more
KBS Trades NJ Office Complex for $311M
KBS Real Estate Investment Trust II sold Park Avenue at Morris County, a trophy office park in Florham Park, NJ.… Read more
VICI Finalizes $843M Deal for Cleveland Gaming Properties
VICI Properties Inc. completed its acquisition of JACK Cleveland Casino, located in downtown Cleveland, and JACK Thistledown Racino, located approximately… Read more