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Time Equities Inc. acquires Crowley Plaza for $3.425 million
October 29, 2024
Crowley, LA Time Equities, Inc. (TEI), a New York City-based international full-service real estate firm, have acquired Crowley Plaza, a 27,228 s/f retail strip center located at 725 Odd Fellows Road for $3.425 million
CBL Properties announces Crunch Fitness to open at Hamilton Place
October 29, 2024
Chattanooga, TN According to CBL Properties (NYSE:CBL), Crunch Fitness has opened at Hamilton Place, as one of the final components of the property’s Sears redevelopment project. The redevelopment, which commenced in 2019
Coscia and Davis of Largo Capital secure $4 million financing of retail property
October 29, 2024
Orlando, FL Kevin Coscia and Aaron Davis of Largo Capital, Inc. secured cash-out financing for a 45,000 s/f single tenant retail property. The five-year, fixed-rate loan will be amortized for 25 years and features no prepayment penalty
City Bay Funding LLC closed a $19.5 million bridge loan for newly built multifamily property
October 29, 2024
Kannapolis, NC City Bay Funding LLC (“ City Bay Funding ”) announced the closing of a $19.5 million bridge loan for the refinance of a construction loan on a 144 unit multifamily property. The loan is non-recourse
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Shawmut Design and Construction debuts latest projects art Barclays Center - The Toki Row and JetBlu...
October 29, 2024
Brooklyn, NY Shawmut Design and Construction, a leading $1.6 billion national construction management firm, announced the debut of its latest project at the Barclays Center – the renovation of two open concept, premium membership
Sephora leases 6,200 s/f at Manhattan West
October 29, 2024
Manhattan, NY According to Brookfield Properties, Sephora signed a 6,200 s/f retail lease at Manhattan West. Sephora is the latest addition to the Manhattan West neighborhood which spans eight acres of retail, dining, hospitality, entertainment, residences, public space, and office space. Sephora
Longacre Asset Management closes $180 million acquisition
October 29, 2024
New York, NY Longacre Asset Management, a joint venture between Peter Hungerford’s PH Realty Capital and David Kaye and Joe Listhaus’s Rockledge closed on an $180 million acquisition. The portfolio was acquired in two tranches. The first tranche closed in July and comprised
John Hardy leases at Rockefeller Center
October 29, 2024
Manhattan, NY Tishman Speyer said that John Hardy, creator of handcrafted jewelry, has signed a lease at Rockefeller Center, slated to open this fall. John Hardy’s new concept store at 620 Fifth Ave. at the Channel Gardens will be the brand’s second NYC location, offering four site-specific
The impact of NYC’s housing crisis on commercial real estate and tenant mobility - by Nancy Zafran...
October 29, 2024
New York City has long been one of the most expensive places to buy and own a home. Yet, there remains a housing crisis in the region. As the housing crisis grows in NYC, its ripple impacts the commercial real estate market and tenant mobility, hampering people’s efforts to achieve their goals of financial
Elections and hybrid rates: Oh my! - by Jerry Maffia
October 29, 2024
The Federal Reserve’s recent interest rate cut was a welcome reprieve, but a lower rate is not the same as a low rate. Even with the 50-basis-point decrease, the Federal Funds Rate is still higher than at any point from October 2007 to March 2023. Add to elevated interest rates the unwinding of hybrid work,
Whole Foods Market opens at StuyTown
October 29, 2024
Brooklyn, NY Beam Living has partnered with Whole Foods Market to bring its new quick-shop format grocery store, Daily Shop, to 14th St. between 1st Ave. and Ave. A, enriching the community with another grocery option.
AIS expands at Feil’s 257 Park Ave. South
October 29, 2024
Manhattan, NY The Feil Organization said that office furniture company AIS has expanded its presence at 257 Park Ave. South with a new 10-year, 12,617 s/f lease. The furniture purveyor will outfit the entire fourth floor of the office tower as its new showroom.
Weiss joins Gantry as director of New York office
October 29, 2024
Manhattan, NY Gantry welcomes Andy Weiss as the newest addition to its production team, where he assumes the role of director. Weiss will be responsible for loan origination with Gantry’s more than 100 correspondent and affiliated lenders, working nationally from the firm’s New York
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Marcus & Millichap arranges $5 million sale of 13-unit multifamily property
October 15, 2024
Manhattan, NY Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, have completed the sale of a 13-unit
693 Fifth Ave. closes four new
leases totaling over 21,000 s/f
October 29, 2024
Manhattan, NY According to 693 Fifth Owner LLC, four new leasing deals have been closed at its 100,000 s/f office building on Fifth Ave. in the Plaza District. The following leases have been signed in August through October
Center for NYC Neighborhoods launches Down Payment Assistance Navigator to increase access to afford...
October 29, 2024
New York, NY The Center for NYC Neighborhoods (CNYCN) launched Down Payment Assistance Navigator. The new, free online tool, funded by Bank of America with grants totaling $625,000, will help make down payment assistance easier to obtain and affordable homeownership more accessible
NIN HAO opens 1,890 s/f restaurant at 595 Dean St.
October 29, 2024
Brooklyn, NY TF Cornerstone (TFC) negotiated a new lease signing with NIN HAO at the ground floor of 595 Dean St. in Prospect Heights. James Ariola and Michael Azarian of Cushman & Wakefield represented NIN HAO for their new 1,890 s/f lease. TFC worked with NIN HAO to secure the lease.
Three new leases signed at Jasper
October 29, 2024
Long Island City, NY The Domain Companies, LMXD, the VOREA Group, and Bridge Investment Group said that three new retail leases have been executed at Jasper, a mixed-use development, comprising 6,115 s/f of Jasper’s 33,340 s/f of retail space. Combined with the four other leases previously
SL Green Realty inks 26,255 s/f expansion lease with TD Bank
October 29, 2024
strong>Manhattan, NY SL Green Realty Corp. has signed a new 26,255 s/f, 10-year lease with TD Bank covering the entire 8th floor. This expansion increases TD Bank’s total office occupancy at 125 Park Ave. to 130,057 s/f, bringing the office tower to 100% leased.
Downing of Largo Capital secures $8.25 million financing of mixed-use property
October 15, 2024
Ocoee, FL Max Downing of Largo Capital, Inc. secured long-term, permanent financing for a mixed-use property through one of its correspondent life insurance lenders. The Shoppes at Meadow Ridge is a development