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Rosewood Realty sells eight-building Harlem portfolio for $17.65 million
Manhattan, NY Rosewood Realty Group has sold off its eight-building Harlem portfolio for $17.65 million to an undisclosed private investor.
NYC’s top chefs to join chef Boulud at REBNY’s annual event
New York, NY The Real Estate Board of New York (REBNY) will be bringing on more of New York City’s top chefs to participate in the night’s world-class culinary experience at their upcoming annual event.
Featured Columnist: Media interviews serve industry, promote business during tough market conditions - Harry Zlokower
With office buildings less than half full, according to one recent report, it is time for you to join the conversation and share expertise, advice and solutions with the real estate community and business and consumer worlds at large. Setting and accomplishing this goal will most definitely build awareness of you and your business but even more importantly will provide the opportunity to place your own ideas in play while rendering a significant service to the industry and public at large.
Habyt and Common merge to become a leading global co-living operator
New York, NY Habyt, one of the biggest co-living operator in Europe and Asia, and Common, one of the largest co-living operator in North America, will be merging to create one of the leading global co-living company.
Avison Young arranges eleven leases at 21 West 38th St. and 330 East 59th St. for full occupancy
New York, NY Avison Young has arranged 11 new leases and two lease renewals at 21 West 38th St. and 330 East 59th St., bringing both buildings to 100% occupancy. The leases total 50,000 s/f for 21 West 38th St. and just over 10,000 s/f at 330 East 59th St.
As markets remain uncertain, institutional investors are confident in real estate investments and turning to local private equity firms for maximum returns - by Joe Berko
Institutional investors, such as insurance companies and pension funds, are weighing their options in the real estate market when making key decisions about allocating investments. In today’s climate of uncertainty around economic recovery rates, inflation levels, and interest rates––real assets offer an attractive potential for these large portfolios to reduce risk while at the same time improving returns.
Cord Meyer Development signs five leases totaling 13,138 s/f
Queens, NY Cord Meyer Development Co. signed three restaurant tenants at its Bay Terrace Shopping Center in Bayside, and two more restaurants at commercial properties owned by the company in Forest Hills according Cord Meyer vice president leasing Matthew O’Grady.
Company of the Month: Greenwich, CT-based family office, Lancewood Capital, emerges as a sizable provider of first lien real estate credit in the $1-$50 million middle market space
Greenwich, CT Lancewood Capital, founded in 2014 by a family office, has become increas-ingly more active in the first lien real estate credit space. The company was founded by the family office to produce safe risk-adjusted returns for capital generated from other businesses ventures.
JLL completes two leases totaling 32,293 s/f at 452 Fifth Ave.
Manhattan, NY JLL has completed two leases totaling 32,293 s/f on behalf of Property & Building Corporation Ltd. (PBC) at 452 Fifth Ave., the 30-story glass tower located near Bryant Park.
Avanath acquires 7 DeKalb - 251-unit property for $101.25m
Brooklyn, NY Avanath Capital Management, LLC (Avanath) has completed the acquisition of 7 DeKalb, a 251-unit multifamily property for $101.25 million.