Williamsburg
Knighthead Provides Debt for Brooklyn Warehouse Conversion
Knighthead Funding LLC has provided Cayuga Capital Management with $22 million in short-term debt to finance the conversion of a vacant… Read more
Lightstone, PKS Partner on Opportunity Zone Platform
Lightstone is partnering with PKS Group LLC, led by former Goldman Sachs partner Peter K. Scaturro, on an Opportunity Zone… Read more
Lightstone Books $155M Refi for Moxy Chelsea
Lightstone has closed on $155 million in financing from LoanCore Capital and KSL Capital Partners for Moxy Chelsea, a 349-key Marriott… Read more
Urban Rock Climbing Coming to Williamsburg
Cushman & Wakefield has arranged a 30,598-square-foot, long-term lease for a Brooklyn Boulders urban rock climbing facility at 87 Kent Ave.… Read more
Brooklyn Retail Rents on the Rise
By comparison to Manhattan, where average asking rents for ground-floor space declined in 15 of the 17 major corridors, Brooklyn… Read more
Ariel Handles Septet of “Challenging Loans”
Ariel Property Advisors’ capital services division recently arranged $17.5 million in financing for seven transactions. The funding, located throughout the… Read more
Cornell Realty Signs Full-Building Lease in Williamsburg
Cornell Realty Group has signed a lease at 75 Metropolitan Ave. in Williamsburg for the property’s 40,500 rentable square feet… Read more
Two Trees’ Domino Park Wins RPA Plaudit
Regional Plan Association has honored Two Trees Management with the association’s first-ever “Transformative Project of the Year” Award for its… Read more
BQX Streetcar Line Gets Green Light from City
The proposed Brooklyn Queens Connector (BQX) streetcar project is moving ahead, following the completion of a two-year feasibility study. When… Read more
RedSky’s Williamsburg Retail Lands $222M Financing
JLL’s capital markets team has arranged $221.8 million in bridge financing through JP Morgan for a portfolio of retail properties… Read more
Two Trees Bringing Roberta’s to Domino Sugar MXU
As part of Two Trees Management’s redevelopment of the former Domino Sugar Factory in Williamsburg, renowned Brooklyn pizzeria Roberta’s will… Read more
Gazit Expands NYC Footprint with Williamsburg Retail
Gazit-Globe’s Gazit Horizons subsidiary has acquired a 60,000-square-foot retail condominium complex in Brooklyn’s Williamsburg section. Representing the retail component of… Read more
Boricua College Trades for $31M in Williamsburg
Cushman & Wakefield has arranged the sale of the Boricua College campus in Williamsburg to David Dweck. The three-building property… Read more
Lee NYC Cues Up Lease for Williamsburg Billiards Hall
Lee & Associates NYC’s Garry Steinberg, Jaime Schultz and Jeffrey Lopez have arranged a 3,300-square-foot lease at 96 N. 5th… Read more
Brooklyn Tops in U.S. for Gentrification Since 2000
Brooklyn includes some of the places that have gentrified the most in the U.S. since 2000, according to new research… Read more
Developers Buy More Sites: News from Ariel’s “Coffee and Cap Rates” Presentation
The renewal of New York’s biggest tax break for development encouraged developers to buy more land in 2017. The number… Read more
More Apartment Construction in Long Island City than Any Other U.S. Submarket
Apartment developers are very, very busy in New York. For example: there are more new apartments under construction in the… Read more
Pokebab Pays $375-per-SF to Move to the Upper West Side
Pokebab, a fast casual restaurant specializing in poké bowls, burritos and salads, has leased a 952-square-foot space at 2047 Broadway… Read more