Front Section

JLL secures $123M capitalization for new Gowanus apartment development

Brooklyn, NY JLL Capital Markets has arranged $123 million in construction financing for 450 Union St., a planned 158-unit mixed-use development to be built along the Gowanus Canal

JLL volunteers help revive New York Harbor, advance Billion Oyster Project’s mission

Governors Island, NY JLL deepened its commitment to sustainability and community impact this summer as more than two dozen employees joined the Billion Oyster Project on Governors Island, helping to restore NY Harbor’s critical oyster reefs

Diald AI announces partnership with Moody’s

Diald AI, the first-of-its-kind proptech company delivering end-to-end, institutional-grade commercial real estate analysis in hours instead of weeks or months, announced it has entered into a commercial partnership with Moody’s, integrating a trusted

One Year In: Freelance Isn’t Free Act Fuels a Surge of Lawsuits - by Andrew Lieb

August 28, 2025 was the one-year anniversary of the effectiveness of the New York State Freelance Isn’t Free Act. In just that short while, the Freelance Act has become a hot button litigation topic in the real estate brokerage world

Vornado Realty Trust
leases 203,000 s/f to Verizon

Manhattan, NY Vornado Realty Trust said that Verizon will relocate its New York headquarters to PENN 2, Vornado’s reimagined office tower in The Penn District campus. As part of a 19-year lease, Verizon will occupy 200,000 s/f in office space across the eighth

Arrow arranges $61 million financing
for acquisition of 5 Hanover Sq.

Manhattan, NY Arrow Real Estate Advisors arranged $61 million in financing for the acquisition of 5 Hanover Sq., a 300,000 s/f office building in the Financial District. The financing supports a joint venture between Samuel Fisch and David Werner and

Merchants Capital secures $60.5 million
for 602-unit Ocean Park Apartments

Queens, NY Merchants Capital closed $60.5 million in total financing for Tredway’s acquisition and preservation of Ocean Park Apartments, a 602-unit affordable housing community in Far Rockaway.

Question of the Month: How can a surveyor accelerate the development process? by Rich Guisado

When it comes to land development, choosing the right surveyor is more than checking a box – it can critically impact your project. For developers, surveys lay the groundwork for everything that follows, from accurate designs and permitting to keeping schedules

Metro Realty leases 2,000 s/f to Rizzo Restoration

West Babylon, NY Michael Pisciotta and Jeremy Hackett of Metro Realty Services leased 2,000 s/f at 110 Bell St. to Rizzo Restoration LLC.

TerraCRG closes $2.16 million sale of 1375 Bedford Ave.

Brooklyn, NY TerraCRG closed on the sale of 1375 Bedford Ave., a three-unit mixed-use property located at the intersection of Bedford Ave., Bergen St. and Rogers St. in Crown Heights. TerraCRG’s Matt Cosentino, Remi Norris and Daniel Chung