Industry City’s Kathe Chase On Transforming NYC’s Industrial Space
Month: December 2021
NYCHA Residents to See $3.1B in Housing Upgrades Through Private Partnerships
Modern Latin American Art Gallery Moving to 26 East 64th Street
Related’s Nick Pérez On South Florida’s Sizzling Condo Market
Starwood Pays $176M for Three Apartment Complexes in Palm Beach County
Building of the Month: Tishman Speyer’s Crossing Pampers Tenants With Amenities and Design
Onni Group Buys Hollywood Development Once Owned by Howard Hughes
Private-Sector Vaccine Mandate Goes Into Effect Amid COVID-19 Case Surge
Mana Continues Downtown Miami Expansion With Purchase of Historic Shoreland Arcade
Lincoln Financial Lends $120M on Massive Orlando Industrial Complex
Regent Properties Seeking $424M in Financing for Dallas Office Tower
Real Estate Investors Take One Times Square to the Metaverse for New Year’s Eve Bash
City Proposes Two-Tiered Protective Esplanade to Protect Lower Manhattan From Storms
Year in Review: South Florida’s Top Multifamily Sales in 2021
Palm Beach or Bust: Jeweler Mish Tworkowski Packs Up Manhattan Shop After 30 Years
Klein Enterprises Secures $110M Refinancing for 11 Retail Properties in Maryland and Virginia
Signature Bank Refis Durst’s Astoria Multifamily Complex With $128M Loan
Steve Giralt, The Garage’s CEO, On Why Tenants Pick Industry City
Manhattan Saw Higher Than Pre-Pandemic Office Leasing Before Omicron Spike
Surf Style Buys Art Deco Retail Building in South Beach for $10M
Pandemic Kicks Life Sciences Demand in Suburban Maryland Into High Gear
Bridal Shop My’s Bridalterations Relocating to Manassas Retail Center
Mast Capital Buys Prime Brickell Land for Proposed Towers for $103M
Holiday Sales Jump 11 Percent Compared to Pre-Pandemic Levels: Report
How to Handle the Legal Issues That Haunt the Rise of Ghost Kitchens
Delray’s Redfearn Capital Acquires West Palm Beach Building for $17.9M
Mana Adds to Flagler District Assemblage With $25M Retail Buy
Clean Energy Company Amogy Doubles Its Footprint at the Brooklyn Navy Yard
Hill Management Inks Trio of Tenants at New Industrial Building in Glen Burnie
Developers of 432 Park Avenue Assert Building’s ‘Safe’ in Response to $125M Suit
Events Platform Bizzabo Inks 30K-SF Deal at 50 West 23rd Street
Jay Group Lands $83M Loan for Hamilton Heights Multifamily Property
Custom Hair Care Firm Prose More Than Doubles Space at Liberty Bklyn
PacWest, Related Lend $225M on Wafra’s 720 West End Avenue Buy
Taconic Makes Industrial Market Debut With Nuveen in $55M All-Cash Deal in New Jersey
BofA Lends Sage $123M to Refinance 767 Third Avenue Office Building
Silverstein Nabs 116 John Street Residential Tower for $250M
Commercial Properties at Risk of $13.5B in Flood Damage in 2022
Apollo Supplies $59M Acquisition Loan for 110 East 42nd Street
Judge Lets 245 Park Avenue End Owner Management Contract With SL Green
Wasting Away in Margaritaville: Five Questions With Soho Properties’ Sharif El-Gamal
Germany’s Union Investment Pays $227M for Fort Lauderdale Rental
ANALYGENCE Relocating HQ to Maple Lawn Development in Fulton, Maryland
Omicron Swamps NYC Hospitality Industry During Key Tourism Season
Gaulin Properties Acquires Elkridge Industrial Site in $12M Deal
WPC Acquires Four Multifamily Properties in DC Area for $67M
Designer Brands Fendi and Bally Ink Leases at Bal Harbour Shops
JV Nabs National 4-H Conference Center in Chevy Chase for $40M
Jeffrey Chodorow Plans Comeback With Restaurant at Bal Harbour Shops
Bank OZK Supplies $246M Construction Loan for Boston-Area Life Sciences Project
Faropoint Acquires NJ Last-Mile Portfolio From Kushner in $133M Deal
Blackstone Nears Deal to Buy Luxury Apartments in Manhattan for $930M
Reonomy’s Richard Sarkis Talks Growth After Altus Acquisition
Newmark Exec Raj Bhatti Joins Data Firm Cherre as SVP of Client Services
Goldman Sachs Asset Management, Red Cross Partner on Blood Drives
Tenant Experiences Key to Return to Office, Employee Retention: Experts
Longfellow Takes Majority Stake in LIC Life Sciences Property
Forte Capital Plans Creative Office Makeover for Wynwood Retail Building
Trio Of Companies Inks Space in Bethesda’s Pike & Rose Development
LA Center Studios and Sound Stage Development for Sale: Sources
Blackstone Affiliate Buys Multifamily Landlord Bluerock for $3.6B
Blackstone Leads $911M Loan on L&L Holding’s 425 Park Avenue
VC Investment in Proptech Surpasses Pre-Pandemic Levels: Report
Trump Sues AG to Stop Investigation Into His Real Estate Business
Hartford Investment Lends $118M on Miami Industrial Development
Black Bear Acquires Pennsylvania Luxury Apartment Development
Sunday Summary: All I Want for Christmas Is a $9.6 Billion JFK Terminal
In Summer, Two New Mighty Quinn’s Barbecue Outposts Come to Brooklyn
Melo Buys Miami City Block for $105M to Build Four 60-Story Towers
Deutsche Bank Finances $1B Hudson Commons Buy With $507M CMBS Loan
Meridian Group Enters Logistics Segment with $150M Planned Development
Partners Group and ZOM Living Bringing Multifamily Development to National Landing
Hawkins Parnell & Young Sublets 13K SF at 275 Madison Avenue
Cammeby’s Reveals New Three-Tower Plan for 532 Neptune in Coney Island
Grand Jury Recommends Stricter, More Frequent Inspections After Surfside Collapse
TikTok to Launch Hundreds of Delivery-Only Kitchens Across US
Downtown Capital Partners Moves to Take Control of All Year’s Assets
CRED iQ Holiday Catalog: REO Assets in CMBS as the End of 2021 Approaches
Timber Equities Planning Mixed-Use Development in Marble Hill
What to Know About NYC’s New Short-Term Rental Registration Law
Harrison Street, Sterling Bay Buy More Into San Diego Life Sciences
Broadway Rehearsal Space Pearl Studios Returns to Garment District
Helix Construction Launches to Bolster Chicago Life Sciences Market
Retail Leasing in Manhattan Continues Upward Trend in Q3, but Rents Still Low
Bouncing Back: JPMorgan Chase’s Al Brooks Gives His 2022 CRE Outlook
HAP Nabs $77M Refi from Allegiant Real Estate on Harlem Rental Portfolio
BankUnited Opening 17K-SF Flagship Branch at 450 Park Avenue
JPMorgan Refis Meadow Partners’ 80-90 Maiden Lane With $259M CMBS Loan
Miami Beach Office Asset Sells for More Than Double Last Trade
Retail Store Rumi Headed to First Manhattan Outpost at 446 Broadway
Brixmor’s Brian Finnegan Talks Retail Strategy Heading Into 2022
Square Mile Lends Grant Cardone’s Firm $278M for Two Florida Rental Assets
NYC City Council Bans Gas Hookups in New Buildings, Extends J-51 Tax Abatement
AHS Residential Nabs $37M to Build Affordable Rental in West Palm
All Year Files for Bankruptcy to Stave Off Insolvency Lawsuits
Dauntless Capital Partners Purchases Two DC Hotels for $152M
Alicia Glen on Where Her New Firm Is Investing and What Eric Adams Should Do
Amazon Partners With Arlington County on $310M Financing for Affordable Housing
Jay Group Acquires 101 Fleet Place in DoBro With $130M G4 Loan
Foot Traffic in NYC Shopping Corridors Picking Up, but Omicron Variant Not Helping
Foulger-Pratt Acquires Downtown DC Office for Multifamily Conversion
Boston Properties Lands $1B Loan on 601 Lexington Avenue in Midtown East
WHC Acquires DC Complex in $25M Deal to Preserve Affordable Housing
Enterprise Recapitalizes Three Maryland Senior Housing Sites With $60M
Argentic Lends $59M Toward Buy of Massive Retail Center Near Houston
SL Green Sells Former Kenneth Cole HQ on 11th Avenue for $95M
Adrienne Adams Steps Out as Frontrunner for City Council Speaker
Thorofare Capital Poised for Growth After Acquisition by Callodine Group
New York Real Estate Tried to Return to Normal in 2021 — and Succeeded, in Part
The Open Office Plan Is Dead. Long Live the Open Office Plan.
Cortland Buys Controversial Multifamily Property Near Miami Zoo
Fairstead, Invesco Buy 48-Building Bronx Affordable Housing Portfolio for $350M
JFK Set for $9.6B New Terminal While East River Tunnels Project Moves Forward
Goldman Sachs’ $102M Loan Refis Office Asset in Downtown Washington, DC
Park Tower Nabs Rockefeller Group as JV Partner at Greenpoint Landing
In First S. Florida Move, Silverstein Loans $340M to Build Miami Tower
Housing Advocates Have a Long List of Hopes for Eric Adams Administration
Lawyer Mitchell Kossoff Pleads Guilty to Stealing $15M From Clients
New York City Council Speaker Race Has Real Estate Holding Its Breath
PNC Bank Lends $41M on Daytona Beach, Florida Multifamily Acquisition
Zero Irving Development Nabs First Office Tenant, Payment Platform Melio
New York City Picks JLL Technologies to Lead PropTech Vetting
Two Companies Sign for Combined 11K SF at Alexandria Office Building
Square Mile Provides $84M Construction Loan for Arizona Multifamily Asset
Thorofare’s Felix Gutnikov and David Perlman on Avoiding the Lending Herd
Full Affordability at 5 WTC Bad for Financial Forecast: Port Authority
Ladder’s $38M Loan Funds ZG Capital’s Buy of Union Square Office Asset
Grant Cardone Drops $744M for Four Broward Apartment Complexes
Life Sciences Demand Outpacing Spec Construction in DC-Baltimore Region
Software Company Qualtrics Expands in Reston Station With 85K-SF Lease
Tracking 2021 CMBS Issuance Trends Through Mid-November: CRED iQ
Hochul’s New Indoor Mask, Vaccination Mandate for NY Is ‘Wake-up Call’ for Businesses
Northwestern Mutual Lends $235M on New Jersey Logistics Property
Jeff Sutton Shells Out $219M for Weehawken, N.J., Office Property
Waterford Strikes Another Multifamily Deal With Equity Residential
Sonny’s Enterprises Inks 48K-SF HQ in Florida’s Broward County
Law firm Barnes & Thornburg Tripling NYC Footprint in Midtown East
Land Use Committee Approves SoHo Rezoning With New Commercial Limits
Jair Lynch Buys Attainable Housing Complex in Hyattsville for $66M
Vornado Sells Retail Condo at 501 Broadway to Crane Partners for $28M
USAA Real Estate Buys FCC Headquarters in DC, Lands $188M Mortgage
House Passes LIBOR Replacement Legislation for ‘Tough Legacy’ Contracts
New York State AG Letitia James Drops Out of Governor’s Race
Bi-Coastal Sells Murray Hill Apartment Building for $33M to Four Winds
Mandarin Immersion Preschool Headed to New Location in Tribeca
iStar-Affiliated Trust Paid $122M for Rental in Miami’s North Bay Village
Nuveen Pays $168M for 290 Units in Record Sale for Orange County
Taconic, Clarion Seal $130M Loan for Bronx Affordable Apartment Complex
Lightstone Closes on $1B Multifamily Portfolio in Suburban Detroit
Northeast Capital Lands $210M Financing Package for Connecticut Office Buy
Will Blodgett Leaves Fairstead to Start New Real Estate Company
Video Software Company JW Player Snags 12K SF at 530 Seventh Avenue
Publix-Anchored Mall in Boynton Beach Goes From Bankruptcy to $80M Sale
Sedesco Paying for Elevators at West 57th Street Subway Station to Build Larger Development
Chicago Chef Rick Bayless Opening Second NYC Restaurant in Times Square
Silicon Valley Firm Andreessen Horowitz Inks 34K-SF Deal in SoHo
Dwight Lends $29M on Connecticut Luxury Multifamily Property
Goldman Sachs, Deutsche Bank Lend $305M to Restart Construction on Chicago Skyscraper [Updated]
Four Companies Sign Leases at Fisher Brothers’ 299 Park Avenue
Hip Baby Retailer Lalo Opens Its First Store in NoHo’s 0 Bond
DC’s Attorney General Advocating for More Affordable Housing
NYC Seeding Ground for Life Sciences Boom Despite Barriers: Forum
Law Firm Schwartz Levine Stark Inks 3,800-SF Lease at ATCO’s 630 Third
Jerome Powell’s Federal Reserve in 2022: What’s Ahead for Commercial Real Estate
Cosentini Associates Puts Its Engineering Work on Display in New Office
Office Tech’s Physical Footprint Shrinks as Its Impact Grows
Crexi Nets Record $205M Online Auction Deal for Las Vegas Business Park
Douglas Wilson Companies Promotes Michele Vives to President
Preiss, Township Capital Nab $98M Mesa West Loan for 2 Raleigh Properties
How Return to Office in the US Compares With the Rest of the World
Manhattan Office Market Appears to Round a Corner in COVID Recovery
View Acquires RXR Realty’s WorxWell in Major Proptech Deal: Exclusive
Wealth Management Firm, Financial Consultant Among Wave of Leases at Seagram Building
The 25 Most Powerful People in Los Angeles Commercial Real Estate
Natixis Supplies $54M Acquisition Loan for NJ Multifamily Purchase
NYCB, Harbor Group International Lend $82M on NJ Rental Acquisition
SL Green Sells 1080 Amsterdam in ‘Strategic’ Portfolio Consolidation
THesis Miami Raises $33M From Retail Investors With Plan to Tokenize
Miami Mayor Francis Suarez Joins Board of Brokerage ISG World
Office CMBS Debt Confronts Credit Pressures of Remote Working
New York City Mandates COVID Vaccinations for Private-Sector Employees
All Year Closes Denizen Sale in Brooklyn for $506M Amid Bankruptcy
Aussie Rules: Lendlease CEO Denis Hickey Talks ESG and 2022 Investment Goals
Morgan Stanley Originates $44M CMBS Loan on Boutique SoHo Office Property
Design Firm Egg Collective Takes 16K SF at Brooklyn Navy Yard
Mitchell Kossoff Charged With Fraud for Allegedly Stealing Clients’ Escrow Funds
Major Food Group Teams Up With Michael Stern on Miami Condo Tower
Key International and Wexford Buy Pompano Beach Hotel for $54M
Deutsche Bank Lends $220M to Refi 2400 Market Street in Philly
Asset Manager Inks 14K-SF Deal for First NYC Offices at 477 Madison
Madison Realty Capital Lends $183M on San Jose Resi Tower Near Google
Architecture Firm Kohn Pedersen Fox Expands at 11 West 42nd Street
HH Fund Receives $62M Loan to Acquire Student Housing Near Johns Hopkins
WeWork Finds ‘Material Weakness’ and Will Restate Results of SPAC Sponsor
Chicago Tower First in North America to Nab Top Smart Building Rating
Demand for Office Space Declined 30 Percent Nationally This Fall: Report
Blackstone Acquires Industrial Portfolio Spanning US, Europe for $2.8B
Real Estate Philanthropist Jay Shidler Buys Boynton Beach Rental Complex for $153M
Commercial Observer’s ‘Innovation Week’ Draws Top Names: Video
Consulting Firm Shen Milsom & Wilke Takes Entire Floor at 275 Madison
New York City REIT Could Face Proxy Battle by Activist Investor
Dwight Capital Completes $38M Refi on Apartments Near Disney World
Deutsche Bank Provides $218M Refinance on Gurney’s Montauk Resort