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Savills and JLL lease 11,118 s/f to Tom Ford Fashion at SL Green Rlty.’s 500 Park Ave.
June 24, 2025
Manhattan, NY According to SL Green Realty Corp., Tom Ford Fashion has signed a new 10-year, 11,118 s/f office lease at 500 Park Ave. Tom Ford Fashion will occupy part of the building’s sixth floor, bringing the building to 100% leased.
Camhi and Milunec of RFR broker three lease renewals at Seagram
June 24, 2025
Manhattan, NY RFR’s Seagram building had three lease renewals among long-term tenants. Home Depot co-founder Ken Langone’s Invemed Associates and Bill Berkley’s Berkely Insurance Group have committed to lease renewals that will bring their tenancies at Seagram to 33 years and 17 years,
GFP Real Estate signs four leases totaling 8,573 s/f at 209 W. 38th St. in Midtown South
June 24, 2025
Manhattan, NY GFP Real Estate, LLC has signed four new leases totaling 8,753 s/f at 209 West 38th St. in Midtown South. Mathew Mandell of GFP Real Estate represented the landlord, GFP Real Estate, in each of the transactions.
DLA Piper welcomes Hanofee to real estate practice
June 24, 2025
Manhattan, NY DLA Piper welcomes Ryan Hanofee as a partner in the real estate practice. He will spend time in the firm’s Boston and New York offices. Hanofee has a wide-ranging real estate practice that includes single asset and portfolio joint ventures, financings, acquisitions
AmTrust RE inks lease with Rose & Rose for 14,067 s/f
June 24, 2025
Manhattan, NY AmTrust RE has finalized a lease with Rose & Rose for 14,067 s/f of space at 250 Bdwy., the firm’s office tower in Lower Manhattan. AmTrust’s Anne Holker and a CBRE team of Brad Gerla, Michael Rizzo, and Alex Benisatto represented the landlord in the transaction, while Jacob
Longacre acquires Simply Better Affordable Housing portfolio
June 24, 2025
Bronx, NY Longacre, a joint venture between Peter Hungerford’s PH Realty Capital and David Kaye and Joe Listhaus’s Rockledge, has acquired the Simply Better Affordable Housing portfolio from Related. The portfolio comprises 2,021 rent-stabilized units across 34 multifamily properties,
Heritage Affordable Communities acquires Claremont Park
June 24, 2025
Bronx, NY Heritage Affordable Communities (HAC) acquired Claremont Park, a 101-unit affordable housing property. Originally developed in 2007 through the Low-Income Housing Tax Credit (LIHTC) program, this year 15 preservation transaction ensures continued stability and long-term affordability for residents.
Dunne, Apfel and Langer of CBRE sell 1 Water St. for Veris Residential
June 24, 2025
White Plains, NY CBRE brokered the sale of 1 Water St., a 1.3-acre development site to David Gaber of Bijou Properties and Kavneet Sethi of Green Property LLC. The CBRE team of Jeffrey Dunne, Eric Apfel, and Travis Langer represented the seller, Veris Residential.
Ross of Largo Capital arranges $22 million refinancing
June 10, 2025
Vaughan, ON Kevin Ross, managing director at Largo Capital Limited, successfully arranged a permanent first mortgage to refinance a well-located industrial property. The property features two small-bay industrial buildings totaling 78,000 s/f of rentable space
Upstate NY’s Trinity Realty Group joins X Team Retail Advisors
June 24, 2025
Albany, NY X Team Retail Advisors, a national platform comprised of nearly 400 retail real estate specialists spread across nearly 50 markets in the U.S. and Canada, continues to expand its national footprint. The latest to join as an affiliate member is Trinity Realty Group (TRG), a market-leading retail
RIPCO Real Estate closes condo construction loan at 842 Sixth Ave. for $76.7 million
June 24, 2025
Manhattan, NY RIPCO Real Estate has secured $76.7 million in first mortgage construction financing for 842 Sixth Ave., a luxury condominium development located in the NoMad neighborhood. Upon completion, the 27-story building will comprise 101 units and total 85,176 sellable s/f, including 100
Is eminent domain back on the table for Penn Station? - By Jennifer Polovetsky
June 24, 2025
Over the past several years, the State of New York and the Metropolitan Transportation Authority (the “MTA”) have been touting the redevelopment of Penn Station. This was music to every New York Penn commuter’s ears, especially those who lived through “summer(s) of
VOA-GNY and Sanborn celebrate completion of YP Senior Residence
June 24, 2025
Bronx, NY Mayor Eric Adams and governor Kathy Hochul made known the completion of YP Senior Residence, a 117-unit affordable housing development in the Morris Heights neighborhood reserved for older New Yorkers who meet specific income restrictions. The $81 million project includes 37 supportive apartments
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Mich...
June 24, 2025
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Time Equities acquires 38-unit multifamily property for $13.1 million
June 24, 2025
Brooklyn, NY Time Equities Inc. (TEI) has made its first multifamily acquisition in New York City in more than a decade with the $13.1 million purchase of 323 East 19th St., a 38-unit rental building located in Ditmas Park neighborhood.
New York City Department of Transportation leases 212,094 s/f at Metropolitan Realty Associates and ...
June 24, 2025
Long Island City, NY Joseph Farkas, CEO and founder of Metropolitan Realty Associates LLC (MRA), said that the New York City Department of Transportation (DOT) has signed a long-term lease at HUB LIC, located at 47-25 34th St. The 21-year lease covers 212,094 s/f across the entire ground
Merchants Capital secures $231 million for 877-unit
NYCHA PACT renovation of Eastchester Gardens...
June 24, 2025
Bronx, NY Merchants Capital secured $231 million in total financing for the renovation of Eastchester Gardens, a $391 million New York City Housing Authority (NYCHA) Permanent Affordability Commitment Together (PACT) project that spans 10 residential buildings. Eastchester Gardens is one of the oldest
H2M architects + engineers promote Joel Richardson to deputy real estate market director
June 10, 2025
Melville, NY H2M architects + engineers is pleased to announce the promotion of Joel Richardson to deputy real estate market director. In his new role, Richardson will collaborate closely with H2M real estate market director Michele Pincus, combining their distinct
Madore of Largo Capital secures $8.5 million long-term financing
June 10, 2025
Patrick Madore of Largo Capital, Inc. has successfully secured long-term financing for two Lowe’s Home Improvement stores located in the Midwest. The fixed rate, 15-year self-amortizing loan, was funded through one of Largo’s correspondent life insurance company partners
Pickard Chilton's T3 RiNo receives 2025 wood in architecture award from WoodWorks
June 10, 2025
Denver, CO According to Pickard Chilton, an award-winning architecture studio best known for its innovative and cutting-edge design of corporate headquarters and campuses, T3 RiNo, a six-story mass timber, Class-A, mixed-use office building at 3500 Blake Street, has won a 2025