New York
Sortis Delivers $60M for Puget Sound Opportunity Zone Development
Portland-based Sortis Holdings Inc. closed on equity funding for Tukwila Village Phase II, a mixed-income senior living development in Tukwila,… Read more
Landsea Makes Key Promotions in NYC Development
Landsea Homes promoted Kevin Murray and Thomas Parker to VP of development and director of construction, respectively, for the New… Read more
Meridian Arranges $40M Financing on Upper East Side MXU
Meridian Capital Group arranged $40 million in acquisition financing and a $5-million earn-out facility for 809-811 Madison Ave., a mixed-use… Read more
Development Site Comes to Market with Approved Plans
Cushman & Wakefield has been hired to sell 118 E. 59th St., an approximately 96,574-square-foot development site in Midtown East. The firm’s Will Conrad… Read more
Cresa Adds Gregg Cohen as NYC Principal
Cresa added Gregg Cohen as a principal in the New York office. He was previously a tenant representative at Norman… Read more
Back-to-Back Connect Events on Finance, O-Zones Coming to NYC
Oct. 23 will see a pair of firsts for Connect Media events coming to New York. The day will begin… Read more
De Blasio Seeks Limits on NYC Hotel Development
Mayor Bill de Blasio has asked the Department of City Planning to draft a proposal outlining how to implement a city-wide… Read more
Durst, BofA Refi One Bryant Park for $1.6B
The Durst Organization and Bank of America closed on a $1.6-billion refinancing of One Bryant Park, a 2.35-million-square-foot Midtown tower… Read more
Little Italy Mixed-Use Commands Premium in Sale
Cushman & Wakefield arranged the sale of 128 Mulberry St., a 4,800-square-foot mixed-use property in Lower Manhattan’s Little Italy neighborhood. The final closing… Read more
ASB’s 625 Broadway Will Undergo Repositioning
The Kaufman Organization was named the exclusive leasing agent at ASB Real Estate Investments’ 625 Broadway. A Kaufman team will oversee a campaign… Read more
No Relief in Sight for Higher Rents
“The Rent is Too Damn High — and It’s Going to Stay That Way,” reads a title in Reason Magazine’s… Read more
Whole Foods Signs Lease for 60K SF in NoMad
Whole Foods Market has signed a lease for 60,000 square feet at 63 Madison Ave., a/k/a 28 E. 28th St.,… Read more
Savanna Picks Up 360 Lex for $180M, Plans Repositioning
Savanna acquired 360 Lexington Ave., a 268,383-square-foot office tower, from AEW Capital Management for $180 million. Savanna financed the acquisition… Read more
Cuomo Taps Gertler as NY State’s Economic Development Head
Gov. Andrew Cuomo has nominated Eric Gertler to serve as president and CEO of Empire State Development (ESD), New York… Read more
CBRE Team Inks First Retail Lease for Renovated NoMad Asset
Paris-based luxury goods company Diptyque and British beauty retailer Space NK Apothecary London, signed a 10-year lease at 1165 Broadway. The unspecified… Read more
Congratulations to 2019’s Next Generation Award Winners
Connect Media is pleased to announce the recipients of our third annual Next Generation Awards. We chose 90 young leaders… Read more
Rapid NYC Expansion Leads Catchafire to Lease Another Floor
Catchafire, which makes skill-based connections between professional volunteers and nonprofits, has expanded its headquarters at 31 E. 32nd St. In… Read more
Marriott Hudson Yards Garners $199M Refi
Mack Real Estate Credit Strategies provided a $199-million loan to refinance the Courtyard by Marriott Hudson Yards hotel, recently built… Read more
Today’s Commuter Can Spend Two Weeks Per Year in Transit
By Paul Bubny The 1993 movie “Falling Down” begins with a heavily perspiring Michael Douglas behind the wheel of a… Read more