New York
Mission Capital Provides Bridge Debt on First-of-Its-Kind Ace Hotel
Mission Capital Advisors has arranged $80 million of bridge financing for the recently-completed Sister City hotel, a 200-key hospitality property… Read more
Related, WarnerMedia in $2B Sale-Leaseback at Hudson Yards
AT&T Inc.’s WarnerMedia unit has agreed to a sale-leaseback of its 1.5-million-square-foot space at 30 Hudson Yards, Bloomberg News reported.… Read more
iCapital Doubles Space at One Grand Central Place
Financial technology platform iCapital Network has doubled its footprint at Empire State Realty Trust’s (ESRT) One Grand Central Place to… Read more
Berkadia Adds Trio of Directors to Mortgage Banking Team
New York-based Berkadia added three new members to its mortgage banking team: Managing Directors Carolyn Whatley and Laura Beaton, as… Read more
Lawmakers Want Cashless Stores to Cash Out
Amazon may do lots of business in New Jersey, but it isn’t likely that the e-commerce giant will open an… Read more
CXP, Normandy Will Reposition 250 Church for Tribeca Office Market
Columbia Property Trust (CXP) and Normandy Real Estate Partners LLC have agreed to purchase 250 Church St., a 235,000-square-foot, 16-story… Read more
Hilfiger’s Fifth Ave. Flagship Will Go Dark
Another Fifth Avenue retail flagship will go dark, as Tommy Hilfiger announced it would shutter the 22,000-square-foot 681 Fifth Ave.… Read more
Downtown’s Home to 1,000+ Healthcare and Nonprofit Tenants
Although Lower Manhattan is home to the city’s Financial District, it could also be called the Health and Nonprofit District.… Read more
Duo Will Spearhead CBRE’s New Loan Underwriting Platform
Albert Picallo and Masato Inagaki will join CBRE Loan Services in New York to spearhead its newly-formed third-party commercial loan underwriting and… Read more
Justworks May Leave Chelsea for 55 Water St.
Payroll and benefits platform Justworks is poised to move from Midtown South to Lower Manhattan. Crain’s New York Business reported… Read more
Investors Move Up Risk Spectrum, Though Gateway Cities Growth Present Compelling Case
By Dennis Kaiser Connect Los Angeles is the event that helped launch Connect Media five years ago. The standing-room-only crowd… Read more
Hunt Capital Adds Peak 8’s Asset Management Platform
Hunt Capital Holdings has acquired Peak 8 Asset Management of Greenwich, CT for an undisclosed sum. Peak 8’s team, including president… Read more
Crane Counting: The New Economic Indicator
An annual crane count is being eyed as a new way to evaluate the state of the U.S. economy. Rider… Read more
Residential Interest Skyrockets as Hudson Yards Opens
With the long-awaited $25-billion Hudson Yards finally becoming a reality, it would seem that everyone wants to live there, although… Read more
Google’s Plans for New York: Continue Growing
“We’ve been growing in New York, year after year” since establishing a small sales office locally, Google’s Paul Darrah told… Read more
Urbanspace Plans Second Downtown Food Hall
Food hall operator Urbanspace plans to open its second Chicago location, with a 12,000-square-foot space at the former home of… Read more
Top Broker Honoree: John Ryan III
Leasing veteran John Ryan III is a principal at Avison Young, with over 30 years experience in both landlord and… Read more
Top Broker Honorees: Richard Selig and Peter Sabesan
Late in 2017, Richard Selig and Peter Sabesan joined Cresa’s New York office as managing principals. In 2018, they arranged… Read more
Top Broker Honoree: Eric Anton
Over a career spanning 25 years, Eric Anton has completed more than $12.5 billion in CRE transactions. Anton and his… Read more