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Can communications help spur market revival? - by Harry Zlokower

During a recent walk on the Brooklyn Promenade — its memorable skyline of downtown and Midtown Manhattan in full view — I wondered how things will turn out in New York’s latest and arguably most severe commercial real estate crisis in history.

Development Site Advisors opens enrollment to training program

Manhattan, NY Development Site Advisors opened its enrollment for its Development Site Academy class, set to kick off this spring. Graduates will jump-start their CRE brokerage careers while setting themselves apart from other brokers.

Bilt Rewards receives $200 million equity investment; Chenault named chairman of board

New York, NY Bilt Rewards (Bilt) received a $200 million equity investment, led by General Catalyst, with contributions by Eldridge, alongside existing investors Left Lane Capital, Camber Creek and Prosus Ventures. This puts the company’s valuation to $3.1

Banner year for Yonkers IDA voting financial incentives for projects representing $802 million

Yonkers, NY The Yonkers Industrial Development Agency (IDA) continued its key role as a force in the borough’s economic renaissance with another record year of voting approvals of financial incentives for residential and commercial projects representing

Bayport Funding provides $7.75m bridge loan for four-unit apartment building

Brooklyn, NY Bayport Funding provided a $7.75 million bridge loan to support the refinancing of a mixed-use property in Boerum Hill. Located on Atlantic Ave., this four-family apartment will include ground-floor retail and stand at six stories tall. It also

Realterm acquires 32-door truck terminal on five-acres at 80 W Nyack Rd. in Nanuet

Nanuet, NY Realterm has added to its transportation logistics real estate portfolio with the acquisition of 80 W Nyack Rd., a 32-door truck terminal. The low-coverage property is on five acres.

Silverstein Props. signs two new leases at 1177 Avenue of the Americas totaling 47,929 s/f

Manhattan, NY Silverstein Properties negotiated two new leases at 1177 Avenue of the Americas. Mill Point Capital Partners, a private equity firm, has signed a nearly six-year expansion lease on the entire 44th floor of the 47-story tower,

Marx signs 24,000 s/f of new office leases and renewals at 10 Grand Central

Manhattan, NY Marx Realty (MNPP), signed 23,855 s/f in new leases and renewals at 10 Grand Central. “10 Grand Central continues to thrive and reap the benefits of its pioneering hospitality-inspired repositioning strategy,” said Craig Deitelzweig, president

Industry City signs three new industrial leases totaling 33,496 s/f

Brooklyn, NY Three new industrial deals totaling 33,496 s/f were signed at Industry City, the 35-acre mixed-use complex comprising 16 waterfront buildings in Sunset Park. The new leases include:

West Side Campaign Against Hunger signs long-term lease for 15,000 s/f

Manhattan, NY OPEN Impact Real Estate (OPEN) said that the West Side Campaign Against Hunger (WSCAH) has signed a 20-year lease for 15,000 s/f of ground floor space at 549 W 180th St. in Washington Heights.