New York City
JLL Hires Silva as Managing Director in Tampa
JLL has announced the expansion of its Florida Industrial Capital Markets team with the hiring of Julia Silva as Managing… Read more
Mountain Development Trades Paterson Offices
CBRE arranged the sale of 100 Hamilton Plaza in Paterson, NJ for $15,250,000. Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David… Read more
Quarters Adds Two Brooklyn Co-Living Sites
Co-living provider Quarters announced two new Brooklyn locations, in North Williamsburg and in Fort Greene. In total, the properties will… Read more
Fifth Third Makes $100M Commitment to O-Zones
Fifth Third Bank said it would invest $100 million in projects that support community development through four Opportunity Zone fund… Read more
NYC Multifamily Enters 2020 in “State of Flux”
With vacancy “near its lowest practical level,” New York City’s apartment sector would seem to be an easy first choice… Read more
U.S. Multifamily Acquisitions Hit Record Highs
U.S. multifamily acquisitions rose by 4.4% last year to $184 billion, the highest volume since Real Capital Analytics began tracking… Read more
John Buck Under Contract for Sale of Former CNA Center
The John Buck Company (TJBC) is set to cash out on 333 S. Wabash Ave., a 1.2-million-square-foot office tower that’s… Read more
Landmarks Commission Signs Off on Massive Terminal Warehouse Revamp
The city’s Landmarks Preservation Commission (LPC) unanimously approved the redevelopment plan for Terminal Warehouse, the historic former storage facility that L&L… Read more
Citizens Commercial Provides Loan on Boston’s First Co-Living Project
Citizens Commercial Banking’s commercial real estate finance team is providing a $53-million loan to National Development for the construction of 7INK, a… Read more
Walker & Dunlop, GeoPhy Launch MF Appraisal Company
Bethesda, MD-based Walker & Dunlop and New York City-based GeoPhy have teamed up to launch a new multifamily appraisal company… Read more
Faster Pace of 2020 Deliveries Could Ding Multifamily Fundamentals
Continuing a development boom that saw delivery of more than two million apartment units over the past decade, the volume… Read more
Property Values Up 4.7% Across NYC to $1.4T
Citywide property values increased by $62 billion, or 4.7%, to $1.38 trillion in the New York City Department of Finance’s… Read more
RFR’s Claffey Joins Ashkenazy as Leasing Lead
Ashkenazy Acquisition Corporation appointed Jordan S. Claffey as EVP, property leasing and development. Claffey will lead leasing and marketing for… Read more
VTS Rolls Out Retail Leasing Product
VTS is rolling out VTS Retail, a new product offering said to be the industry’s only leasing platform designed specifically… Read more
Pacific Oak-Sponsored DST Acquires Meridian Apartment Homes
A DST sponsored by Los Angeles-based Pacific Oak Capital Advisors acquired Meridian Apartment Homes, a 280-unit multifamily complex in Midland,… Read more
Midwood Acquires Historic Park Wilshire Apartments in Westlake for $38M
New York City-based Midwood Investment & Development has acquired Park Wilshire, an historic Los Angeles apartment building adjacent to MacArthur… Read more
REBNY: Real Estate Generates More Than 50% of NYC Tax Revenues
New York City’s real estate industry generated $31.9 billion in taxes over the last fiscal year, representing 53% of the… Read more
LightBox Acquires ClientLook, Adds to Suite of CRE Solutions
New York City-based LightBox has acquired ClientLook, a client relationship management (CRM) software company for CRE brokers. Terms weren’t disclosed.… Read more
NYC Ranks 8th for Affordability Among Large Cities
New York City ranks eighth for overall affordability among 20 large U.S. cities studied by the nonpartisan Citizens Budget Commission… Read more