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Merchants Capital provides $225 million for rehabilitation of seven affordable properties in Bronx
December 12, 2023
Bronx, NY Merchants Capital has provided more than $225 million in financing to support the New York City Housing Authority (NYCHA) Permanent Affordability Commitment Together (PACT) Union Avenue Consolidated project, which involves a
Industry City signs four new leases totaling 15,282 s/f
December 12, 2023
Brooklyn, NY Industry City, the 35-acre mixed-use complex comprising 16 waterfront buildings in Sunset Park, publicized four new lease signings at the campus totaling 15,282 s/f. New deals include:
Quinn Emanuel Urquhart & Sullivan leases 132,000 s/f at renovated 295 Fifth Ave.
December 12, 2023
Manhattan, NY Tribeca Investment Group (TIG), PGIM Real Estate and Meadow Partners made known that global litigation firm Quinn Emanuel Urquhart & Sullivan, LLP (Quinn) has signed a 132,000 s/f lease at the fully renovated 295 Fifth
Wells Fargo plans 445,000 s/f
expansion at Hudson Yards
December 12, 2023
Manhattan, NY Wells Fargo has released its formal plans to expand its Hudson Yards office footprint and create a better, more collaborative employee experience with the purchase of additional space at Hudson Yards. This transaction
Four reasons why investors should consider Qualified Opportunity Zone Funds for tax advantages and p...
December 12, 2023
Qualified Opportunity Zone Funds (QOZF) have become an integral part of the investment landscape in recent years for those investors seeking to defer capital gains taxes on the sale of appreciated assets. At Kay Properties,
BOMA New York presents 2023 Civic Betterment Award to CaringKind
December 12, 2023
Manhattan, NY BOMA New York presented the 2023 Civic Betterment Award to CaringKind, New York City’s leading expert on Alzheimer’s and dementia caregiving for over 45 years. The BOMA New York Civic Betterment Award
Rosenberg & Estis represents The Durst Organization in One World Trade Center agreements to launch N...
December 12, 2023
Manhattan, NY Rosenberg & Estis, P.C. served as legal counsel to The Durst Organization in a broadcast television deal. The deal allows public television station WLIW to host the transmission of NEXTGEN TV
Navigating the waves: The cyclical nature of real estate and marketing - by Kimberly Zar Bloorian
December 12, 2023
The commercial real estate market is a perpetual ebb and flow of highs and lows, and any player can attest to its cyclical nature. As the market oscillates, real estate professionals question whether their marketing strategies should mirror the
Marcus & Millichap enters strategic partnership with EquityMultiple
December 12, 2023
Calabasas, CA Marcus & Millichap has made an equity investment in EquityMultiple, a New York-based real estate financing and investment technology platform. The partnership will provide sponsors and operators supplemental private
Partnership led by Infinite Horizons, L+M Dev, Urbane and Lemor Dev. will transform Lincoln Correcti...
December 12, 2023
Manhattan, NY Governor Kathy Hochul unveiled Seneca, the selected proposal to redevelop the former Lincoln Correctional Facility. This proposed project would invest over $90 million in Harlem, bringing 105 affordable homeownership units
BBX Capital contributes $150,000 to Habitat for Humanity of Broward
December 12, 2023
Coral Springs, FL Habitat for Humanity of Broward and BBX Capital Inc. marked a milestone with ans additional contribution of $150,000 from BBX Capital. The funds will further propel the construction efforts of the new Coral Springs
ABS Partners Real Estate leases 14,875 s/f
at 915 Broadway
December 12, 2023
Manhattan, NY Two new tenants have leased space at the fully renovated 915 Bdwy., said Gregg Schenker, president/co-managing partner in ABS Partners Real Estate, which manages and leases the building. The new tenants are: Stanford University, which has leased 5,885 s/f on the 18th floor
Investment Property Realty Group brokers four sales totaling $7.185 million
December 12, 2023
Brooklyn, NY Investment Property Realty Group (IPRG) negotiated four sale transactions totaling $7.185 million. IPRG brokered the sale of 75 Calyer St. in Greenpoint for $3 million. This property is located between West and Franklin Sts. The lot is 24.42 ft. x 100 ft.
Development Site Advisors brokers $21 million sale of 18,756 s/f development site for The Rowan II
December 12, 2023
Queens, NY In a $21 million all-cash deal, commercial real estate exclusive brokers Development Site Advisors has arranged the sale a 18,756 s/f development site assemblage in Astoria, according to Development Site Advisors managing
Faropoint secures strategic investment from Invesco Real Estate
December 12, 2023
Hoboken, NJ Faropoint has closed on a strategic investment from Invesco Real Estate, who acquired a minority stake in Faropoint’s platform. The transaction was structured by Invesco Real Estate’s platform investments team
iBorrow provides $46.58m in refinancing for 2.1666m s/f multi-state industrial portfolio
December 12, 2023
Los Angeles, CA iBorrow closed on a $46.58 million refinancing of a 2,166,600 s/f, six-property industrial portfolio owned by an institutional fund with more than $1.5 billion in commercial real estate assets.
Musk’s HMV Group aquires 1.36 acre site for Vegas Loop station
December 12, 2023
Las Vegas, NV HMV Group completed the $3.672 million sale of a 1.36-acre site on behalf of Fairgrounds Drive Retail, LLC, an affiliate of HMV Group. The property is located at 3682 S. Valley View Blvd. The buyer was Object Dash LLC, an
Crystal Window & Door supplies Morristown Housing Authority with 608 windows for rehabilitation proj...
December 12, 2023
Morristown, NJ The major rehabilitation of two Morristown (NJ) Housing Authority properties included 608 single, double, and triple unit windows supplied by manufacturer Crystal Window & Door Systems. The renovation work for the
Café Boulud New York now accepting reservations for dining starting December 14
December 12, 2023
Manhattan, NY Chef Daniel Boulud said that reservations at his new Upper East Side institution, Café Boulud, are now available on Resy. The restaurant will reopen its doors on December 14 in a new location, 100 E 63rd St.
Tishman Speyer to begin construction on 55 Hudson residential tower
December 12, 2023
Jersey City, NJ Tishman Speyer said that construction is set to begin on 55 Hudson St., the first of a two-tower development that will bring new rental apartments, public open spaces and amenity retail to the waterfront.