New York City
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
Colliers Names Two to Market Leader Roles
Jason Lund, most recently with WeWork, has joined Colliers International as executive managing director, New York City market leader. Additionally,… Read more
Diamond Resorts Expands into NYC with Highgate Partnership
Apollo-owned timeshare operator Diamond Resorts is adding New York City to its 370-plus locations through a partnership with Highgate. The… Read more
City Renews Push for $2.7B BQX Streetcar Line
The de Blasio administration’s $2.7 billion plan to build the BQX streetcar route between Brooklyn and Queens is back on… Read more
Windy Hill Secures $106M Construction Loan for San Mateo Mixed Use
A joint venture led by Windy Hill Property Ventures has secured $106 million in financing for a mixed-use development currently… Read more
Examining Supply’s Effect on U.S. Self Storage Industry
New supply is continuing to depress U.S. self storage street rates, which dropped in around 75% of the top U.S.… Read more
Fairstead Completes Financing on 905 Affordable Units
Fairstead has completed the financing of a 905-unit portfolio of subsidized housing across nine properties totaling 49 buildings in New… Read more
Report: The Pros and Cons of Texas Cities’ Gentrification
When it comes to gentrification, most common examples are coastal cities, such as San Francisco and New York City. However,… Read more
$20M Refi for Garment District Offices, Retail
JLL Capital Markets arranged a $20 million refinancing for 16 W. 36th St., a 13-story, 67,271-square-foot office building with street-level retail. The group worked on… Read more