Category: Brokerage

Morrisville, NY KeyBank Community Development Lending and Investment (CDLI) provided a $9 million construction loan and $12 million in Low-Income Housing Tax Credit (LIHTC) equity for the construction of an affordable senior housing property.

Manhattan, NY For the second consecutive quarter, the Manhattan office market posted a record high availability rate, closing the second quarter of 2023 at 19%, up from 18.9% last quarter. However, the quarter was not without some positives,

Brooklyn, NY Bayport Funding provided a $3.06 million acquisition and construction loan for 445 5th St., a Park Slope property containing one single-family home that will be converted into two multifamily rentals.

Long Island City, NY Slate Property Group (“Slate”), an owner, operator, developer and lender, primarily focused on multifamily in the New York metropolitan area, has closed on an $85 million

Rent control is coming to the Hudson Valley apartment market. Socialists in the New York state legislature are pushing to pass statewide rent control later this year in the form of the Good Cause Eviction bill. The bill would make it near impossible for building owners to evict tenants for almost any reason and add caps to rent increases for market

Boston, MA Leading full-service engineering firm, DeSimone Consulting Engineering, with offices worldwide, has acquired structural engineering firm, DP Squared Ltd. The acquisition builds upon the company’s United Kingdom

Manhattan, NY Savills has secured a six-year, 34,325 s/f lease for client VTS, a leader in the commercial real estate industry’s proptech space. VTS will occupy the entire 14th floor at 3 Bryant Park, subleasing its new office from Salesforce.

Manhattan, NY GFP Real Estate, LLC said that Acumen Fund, Inc. has signed an 11-year lease extension for its 11,743 s/f of office condominium space at 40 Worth St. in TriBeCa.

Manhattan, NY Multifamily real estate in New York City experienced a significant 242% increase in total dollar volume during the second quarter compared to the first quarter with 295 transactions totaling $3.91 billion, according to Ariel Property

Manhattan, NY Global Holdings has started leasing at its newly-developed luxury rental property, Anagram Columbus Circle, a 26-story residential tower, located near Central Park.

We are now accepting nominations and reservations for our WOMEN IN COMMERCIAL REAL ESTATE Spotlight!  Scheduled to publish in our September 26th issue, this annual spotlight will recognize noteworthy accomplishments and praiseworthy contributions of women currently working in New York's commercial real estate industry. Don't miss this opportunity to highlight a rising star, trailblazer

West Park, NY Rand Commercial has completed the $9.3 million sale of 522+/-acres at 2054-2055 Rte. 9W in Ulster County, NY.