New York
BMC Recapitalizes One of Denver’s Largest Workforce Housing Portfolios
Denver-based BMC Investments recently recapitalized a three-property portfolio of workforce housing apartment communities – Landon Park, Aurora Hills and Vista… Read more
BOMA Hosts Multi-Market Panel on Tenant Re-Entry
On June 15, the same day that Los Angeles fully lifted its COVID-19 pandemic restrictions on public gatherings, BOMA Greater… Read more
JFK Airport Redevelopment Continues with $145M Ground Lease for Cargo Facility
The Port Authority of New York and New Jersey on Wednesday announced the signing of a long-term ground lease agreement… Read more
Alter Domus Acquires NYC-Based Investors Economic Assurance
Luxembourg-based Alter Domus has acquired Investors Economic Assurance (IEA), which provides technology solutions and services to alternative investment managers. The Manhattan-based firm specializes… Read more
Square Mile Capital Puts $75M into McSam’s Times Square Hotel Project
Square Mile Capital Management LLC has made a $75-million preferred equity investment in a 1,046-key multi-branded hotel project in the… Read more
Greystone Provides Fannie Mae DUS on Prewar Apartments
Greystone has provided a $16,600,000 Fannie Mae Delegated Underwriting and Servicing (DUS) loan to refinance a 43-unit, prewar apartment property on Manhattan’s… Read more
Automation Firm Triples Footprint at One World Trade
Automation technology firm Hyperscience has signed a 10-year lease for the entire 88th floor at One World Trade Center, a 34,382-square-foot space.… Read more
MetaProp Closes Proptech Seed Fund at $100M
MetaProp, the New York-based proptech venture capital firm, has closed its latest real estate technology seed fund. The oversubscribed $100-million MetaProp Ventures III,… Read more
City Council Enacts Requirement for Racial-Equity Studies in Rezonings
The New York City Council on Thursday approved a measure requiring applicants for most land use actions to provide the City… Read more
Dattner Architects Relocates Headquarters to 498 Seventh Ave.
The ownership of 498 Seventh Ave., led by George Comfort & Sons, has signed a new 30,000-square-foot lease with design… Read more
LBB Takes Penthouse Space at Nuveen’s 475 Fifth
Newmark arranged a new lease for LBB Industries at the penthouse of 475 Fifth Ave, owned by Nuveen Real Estate. The 4,126-square-foot space was… Read more
ATCO Finalizes Two Midtown East Leases
ATCO Properties & Management finalized two leasing transactions totaling 25,912 square feet at 630 Third Ave. in Midtown East. Rubin, Fiorella,… Read more
Apartment Rent Growth Back on Track in Top 30 Metros
Multifamily rents increased by 2.5%year-over-year in May, or almost exactly where rent growth was in March 2020 when the pandemic… Read more
U.K. Furniture Brand Will Open Flagship Store in Flatiron District
British furniture brand Timothy Oulton recently signed a 10-year lease for a 7,170-square foot retail space at 901 Broadway in… Read more
ULI NY Names Finalists for Development Awards
The Urban Land Institute New York recently announced the 2021 finalists for this year’s annual Awards for Excellence in Development… Read more
111 Wall St. Redevelopment Lands $500M+ Debt Package
Newmark (dba Newmark Knight Frank in New York) has closed an acquisition and construction loan for 111 Wall St. on behalf of… Read more
Parkview Financial Provides Construction Loan for Condo Tower Near City Hall
Parkview Financial provided a $90-million construction loan to 1 Park Row Development, LLC, an entity of Circle F Capital, for the… Read more
Coinbase Subleases at 55 Hudson Yards for First NYC Office
Coinbase, the San Francisco-based trading platform for bitcoin and other digital currencies, is setting up its first New York office,… Read more
Q&A: Making Climate Action a Design Priority with SOM’s Chris Cooper
The global design firm Skidmore, Owings & Merrill has long pioneered in the field of sustainable architecture, with projects spanning… Read more