New York
JLL Arranges Recapitalization for Two Bridges Luxury Multifamily
JLL Capital Markets arranged a $56-million recapitalization and $30.9-million financing for 10 Rutgers St., an eight-story, 83-unit luxury multifamily property… Read more
Vialto Group More Than Doubles Office Space at 545 Madison
Marx Realty said private equity firm Vialto Group has signed on for an additional 10,000 square feet of space at 545… Read more
NYC Multifamily Investment Sales Rise 17% Y-O-Y in Q3
New York City’s multifamily investment sales market gained momentum in the third quarter, rising to $2.55 billion in dollar volume,… Read more
SFR Operating Margins Challenged by Slowing Rent Growth
Slowing rent growth due to oversupply and softening demand are weighing on single-family rental (SFR) operating margins and smaller landlords… Read more
Cain Acquires Dominick Hotel, Will Rebrand as Delano
Cain, the privately held investment-management firm led by Jonathan Goldstein, has acquired The Dominick at 246 Spring St. at the intersection… Read more
SL Green Under Contract for $730M Purchase of Park Avenue Tower
SL Green Realty Corp. said Wednesday afternoon it had entered into a contract to acquire Park Avenue Tower, located at… Read more
Davis JV Will Reposition Offices in Grand Central Submarket
The Davis Companies has launched a joint venture with New York-based Tribeca Investment Group to execute a comprehensive capital investment and… Read more
Domain Companies Expands with Vorea Group Acquisition
The Domain Companies, a New York- and New Orleans-based real estate development and investment company, said Tuesday it had acquired The Vorea… Read more
Ares Acquires Industrial Complex Leased by SpaceX for $115M Deal
Los Angeles-based Ares Management has bought a two-building complex for $115.2 million, including a SpaceX-leased building on the Eastside, as… Read more
JLL Tapped to Market 137-Unit Mixed-Use Portfolio
JLL Capital Markets has been retained to sell the S&H Portfolio, a collection of eight mixed-use buildings. Spanning 84,472 square… Read more
Palistar Capital Expands Rockefeller Center Presence
Tishman Speyer said Thursday that private equity and structured investments firm Palistar Capital has signed a lease for 13,800 square feet at 45… Read more
Quartet of Manhattan Hotels Trades for Nearly $500M
A fund associated with Rhode Island-based Magna Hospitality has sold a quartet of Manhattan hotels totaling 1,129 keys for just… Read more
U.S. Apartment Rent Growth Turns Negative for September
U.S. multifamily advertised rents fell $6 to an average of $1,750 in September in the worst one-month drop since November… Read more
Software Startup Expands Space in Relocation with Koeppel Rosen
Koeppel Rosen LLC, leasing and management agent for the Rosen family portfolio, secured a new 8,569- square-foot lease for Frostbyte… Read more
JV Acquires Offices for First Major Conversion Under New Midtown South Plan
Marty Burger of Infinite Global Real Estate Partners and Andrew Heiberger of Buttonwood Development, in partnership with 400 Capital Management LLC, have… Read more
NY State Agency More Than Doubles Footprint at SL Green Tower
The New York State Office of General Services has expanded its presence at SL Green Realty Corp.’s 919 Third Ave.… Read more
Convene Signs First Lease at Terminal Warehouse Redevelopment
Convene Hospitality Group (CHG), reportedly the largest operator of non-hotel meeting and event venues in the U.S. and UK, unveiled a… Read more
West Chelsea Condo Project Scores $155M Construction Financing
Legion Investment Group and partner AVRS Partners LP closed on a $155-million construction loan from Eldridge Real Estate Credit, the… Read more