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
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
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.
Brooklyn, NY Beam Living has partnered with Whole Foods Market to bring its new quick-shop format grocery store, Daily Shop, to 14
th St. between 1
st Ave. and Ave. A, enriching the community with another grocery option.
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,
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
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
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
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
Bronx, NY M&T Realty Capital Corp. (M&T RCC) closed an $18.75 million Freddie Mac Forward Commitment 9% LIHTC loan for The Louella, an 85-unit age-restricted multifamily housing property located in the Fordham Heights neighborhood. The team was able to secure favorable permanent financing terms
