New York City
Drawbridge Realty Ends Long-Term Hold on 3100 Alvin Devane
Following a rehab and lease-up of a 70,388-square-foot creative office/R&D campus at 3100 Alvin Devane in south Austin, Drawbridge Realty… Read more
MRC Inks First Tenant at Revitalized South Bronx Offices
Madison Realty Capital (MRC) signed Westhab to Union Crossing in the South Bronx. The community development nonprofit is the revitalized office building’s… Read more
BREAKING NEWS: Hunt Real Estate Capital in Sale to ORIX
Hunt Companies, Inc. has agreed to sell Hunt Real Estate Capital (HREC) to Dallas-based ORIX Real Estate Capital (OREC), an… Read more
Convene, For Five Coffee Brew Up Chicago Flagship
New York City-based For Five Coffee Roasters and Convene have partnered on a downtown flagship location at Sterling Bay’s 311… Read more
Clinton Names Property Management Veteran as President
Ryan O’Connor has joined Clinton Management, the property management arm of The Douglaston Companies, as president. He’s now responsible for… Read more
NYC Land Sales Take a Pause in Q3; Rebound Expected
Trades of finished buildings weren’t the only aspect of New York City’s investment sales market affected by the state’s new… Read more
Meridian Secures $365M Refi for 1,600-Unit Decron California MF Portfolio
New York City-based Meridian Capital Group arranged $365 million to refinance a portfolio of seven multifamily properties in California on… Read more
Trammell Crow’s Lee Promoted to Head of Capital Markets
New York City-based Tommy Lee has been promoted to head of capital markets at Trammell Crow Company (TCC). Lee, who… Read more
Housing Construction Lags Job Growth Across NYC Region
Housing production has lagged job growth in the New York tri-state region, especially in New York City, the Department of… Read more
Rent Regs Weigh Heavily on NYC Apartment Deals in Q3
The New York City multifamily market experienced across-the-board weakness in the third quarter, as investors took time out to weigh… Read more
NRP Group, Willton Team up on 368-Unit Lucent
The NRP Group is partnering with Willton Investment Management to develop Lucent, a 368-unit apartment complex in Austin’s Tech Ridge… Read more
Construction Spending Hits New Dollar High in NYC
The New York Building Congress forecasts $61.5 billion in New York City construction spending in 2019. This would represent a… Read more
Short Term Rentals Impact on Housing Affordability
What effect are online hospitality marketplaces like AirBnb, Vrbo and HomeAway having on the housing market? A new report from… Read more
Praedium Group Takes Ownership of 387-Unit Everly
The Praedium Group struck a deal with Embrey Partners Ltd. to acquire the Everly, a 287-unit, Class A multifamily complex… Read more
Georgia Investor Acquires 152K-SF Sugar Creek Place I
Songy Highroads closed on Sugar Creek Place I, a 151,722-square-foot, Class A office building in Sugar Land, TX. The Atlanta… Read more
VTS Acquires Software Platform for Retail Landlords
VTS entered into an agreement to acquire PropertyCapsule, the marketing automation and prospecting software used by more than 50% of… Read more
Marriott Acquires W Union Square, Will Showcase Brand’s New Look
Marriott International acquired the W New York – Union Square at 201 Park Ave. South, with plans to transform it… Read more
Pebb Trades Student Housing Near U. of Kansas
Pebb Capital completed the sale of The Rockland in Lawrence, KS, near the University of Kansas, to NB Private Capital… Read more
Bankers Hill Condo Development Receives Construction Financing
San Diego-based developer, INI Greenfield secured $15.1 million in financing for the development of Palatine Bankers Hill, a five-story, 16-unit… Read more