New York
Bloomberg Philanthropies Pays RFR $560M for 980 Madison
Bloomberg Philanthropies, led by former NYC Mayor Michael Bloomberg, has acquired the Upper East Side property housing the Gagosian Gallery… Read more
NYC Sends 2nd Largest CMBS Office Loan in May to Special Servicing
In May, 16 CMBS office loans totaling $738 million entered special servicing, according to May Office Special Servicing Spotlight from… Read more
Azora Exan Buys Flatiron Hotel for $48M
Private real estate investor Premier Equities sold the 64-room Flatiron Hotel at 1149 Broadway to Azora Exan for $47.9 million,… Read more
NYCEDC Seeks Construction Manager for Kips Bay Life Science Campus
The New York City Economic Development Corporation (NYCEDC) on Wednesday announced a Request for Proposals (RFP) for a construction management… Read more
Keen-Summit, Berkadia Unveil Midtown Hotel Buying Opportunity
Keen-Summit Capital Partners LLC, a real estate brokerage and investment banking firm based in New York, and Berkadia Hotels & Hospitality… Read more
ERG Arranges $17M Loan on Two Soho Buildings
ERG Commercial Real Estate has arranged a $16.5 million loan to refinance two mixed-use buildings at 65 and 67 Greene… Read more
Madison International Realty Hires New Head of Equity Capital
Madison International Realty has appointed Evan Abrams as head of US Equity Capital Markets. Based in New York, Abrams will… Read more
Savills Brokers 27K-SF Downtown Lease for EvolutionIQ
Savills has arranged a 27,761-square-foot sublease for EvolutionIQ at 250 Hudson Street in Hudson Square. Previously at 27 West 24th… Read more
PBC Clears $385M Debt on Midtown Office Tower
Property & Building Corporation Ltd. (PBC) has issued Secured Bonds on the Tel Aviv Stock Exchange to repay the $385… Read more
Blackstone Veteran’s Inaugural RE Fund Closes at $1.25B
Town Lane, an opportunistic real estate investment firm co-founded by 19-year Blackstone veteran Tyler Henritze, closed its inaugural fund at… Read more
Consigli to Acquire Lendlease’s NY/NJ Construction Business
Consigli Building Group, Inc. and Lendlease have announced an agreement in which Consigli will acquire Lendlease’s New York and New… Read more
It’s Hurricane Season: Time to Prepare
The National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center released its 2024 Atlantic hurricane season forecast – and the… Read more
The Ongoing Evolution of American Cities
Consider Manhattan. Once a quaint Dutch village, the city today boasts mile after mile of high-rise buildings, crowded streets and… Read more
Lendlease to Exit U.S. and UK Markets, Sell East Coast Business to Consigli
Lendlease said Wednesday it had agreed to sell its East Coast construction operations to Consigli Building Group, including 45 projects… Read more
Survey: RE Sector Leads in Office Attendance at 83%
A recent survey by the Partnership for New York City revealed that 56% of Manhattan office workers are back at… Read more
Ariel Arranges $21M Sale of Midtown Development Site
Ariel Property Advisors has arranged the $21 million sale of a development site at 240 West 54th Street, between Broadway… Read more
NY to Renovate Lexington Ave Armory with $120M Project
New York has initiated a search for a construction firm to undertake a renovation project valued at up to $120… Read more