New York
Six Years On, Opportunity Zone Funds are Finding Secondary Markets
Since its introduction in 2017, the opportunity zone program has been lauded and criticized in turn. Cutting through some of… Read more
20k-SF of New Leases Signed at 485 Madison Avenue
Jack Resnick & Sons has secured four leases totaling 20,000 square feet at 485 Madison Avenue in Midtown Manhattan. … Read more
The Realities of Adaptive Reuse: Q&A with Waterton’s David Schwartz
Much has been discussed about renovating empty and distressed office buildings into viable multifamily dwellings. But successful adaptive reuse is… Read more
Thorofare Lends on Sorrento Mesa Life Science Acquisition
Thorofare Capital, Inc., an affiliate of investment manager Callodine Group, provided a loan to King Street Properties for the acquisition… Read more
L&L Holding, Columbia Property Top Out Chelsea Terminal Warehouse
L&L Holding Company and Columbia Property Trust have reached a milestone in redeveloping Terminal Warehouse, a historic building in West… Read more
Rockledge and PH Realty Capital Buy Uptown Multifamily Building for $11M
David Kaye and Joe Listhaus from Rockledge and Peter Hungerford from PH Realty Capital acquired a multifamily property in Hamilton… Read more
Affordable Housing Developer Standard Communities Lands Nation First B Corp Certification
Standard Communities, a national affordable housing developer and investor, has become a certified B Corporation, making it the first national… Read more
Bankrupt HNA Ordered to Turn Over Chicago Tower to SL Green
The Chinese investment conglomerate that owns the 50-story office tower at 181 W. Madison St. in Chicago’s Loop must hand over… Read more
National Academy Signs 7-year Lease for Chelsea Gallery and Office Space
The National Academy of Design (National Academy) has announced its relocation to a new office and gallery space in Chelsea.… Read more
Maiden Home to Open Flagship Store in Meatpacking District
Maiden Home, a home furnishings company, has signed a 4,100-square-foot retail lease in the Meatpacking district. Located at 34… Read more
Social Services Agency Inks Midtown 30k-SF Headquarters Lease
Rising Ground, a social services agency based in New York City, has signed a 29,566-square-foot lease at 1333 Broadway for… Read more
Bayport Funding Provides $5M for UWS Townhouse
Bayport Funding has provided a $4.7 million acquisition and construction loan for the development of two triplex townhomes in the… Read more
Construction Breaks Ground on Kip’s Bay 12-story Residential Building
CORE Real Estate, in partnership with New Empire Corp, has commenced construction on a new residential project in Kip’s Bay. … Read more
Jeffrey Gural Lands Flatiron Building at Redo Auction for $161M
The iconic Flatiron Building in New York City has been sold at an auction for $161 million, reported by the Independent.… Read more
Flagstar Bank Fills in Signature Bank’s 1400 Broadway Lease
Empire State Realty Trust (ESRT) has announced that Flagstar Bank has taken over the entire lease at 1400 Broadway, previously… Read more
Northmarq Adds Tom Peloquin to Raleigh Debt & Equity Team
Northmarq has hired industry veteran and agency expert Tom Peloquin as co-managing director in the Raleigh office. He will focus… Read more
Office REIT Stocks Plummet Amid Slow Return-to-Work Rate
Share prices for some of the largest office landlords have dropped to near historic lows, the Wall Street Journal reported.… Read more
Vornado Quietly Scraps Pier 92 Development
Vornado Realty Trust’s plans to redevelop trade show space on Pier 94 in Manhattan’s West Side have changed after the… Read more
New York CRE Broker Confidence Hits Record Low
The Real Estate Board of New York (REBNY) has released its Real Estate Broker Confidence Index report for the first… Read more