Majority of Housing Produced by 421a Served Higher Incomes, Report Finds
Month: June 2022
Proptech Grows as Tool for CRE to Combat Climate Change: Forum
Becker Organization Pays $18M For Boca Raton Furniture Store
Brooklynites Ditched Kings County for Queens, Manhattan, Central NJ During Pandemic
NYC Retail Asking Rents Could Recover by End of Year, But Recession Could Hurt Things
Clusters and Collaboration Spur the Future of Life Sciences: Forum
CBRE Completes $330M Acquisition of Red Hook Amazon Facility
Size Matters Not: KPG Funds’ Greg Kraut Talks Turning Class C to Class A
Former Philly Steel Factory Set for Rebirth as Life Sciences Hub
Network Realty Acquires Three-Building Fairfax Office Complex
Savills Taps David Goldstein as First President of NY Tri-State Region
Thor Equities Group Acquires Savannah Industrial Portfolio for $49M
Financial Heavyweight Citadel Behind Record-Breaking Brickell Deals
Startup Studio Aegis Venture Partners Takes 9K SF at 373 Park Avenue
Gatsby Florida Recaps PBG Office with $90M From Deutsche Bank
Lalezarian Properties Nabs $150M For Miami Worldcenter Tower
First Western Leads $33M Construction Deal for Minnesota Mixed-Use Project
Law Firm, Recruiter and Real Estate Investor Renew at 777 Third Avenue
Industrious Opening 44K SF Outpost in FiDi Building Vacated by WeWork
Architecture Firm CannonDesign Moving to 17K SF at 300 East 42nd Street
Friedland Properties Sues Zabar Family to Force Sale of Upper West Side Property
Real Estate Pride Council Launch Charts New Opportunities for LGBTQ in CRE
Peek, a Virtual Touring Platform, Takes Aim at Matterport With $2.5M in New Funding
Billionaire Carl DeSantis Pays $25M for Delray Beach Commercial Complex
NYC Has the Most Heavily Taxed Office Buildings in America, Report Finds
White-Collar Criminal Defense Law Firm Spears & Imes Takes 8K SF at 767 Third Avenue
Italian Eatery Mangia to Relocate Half a Block West With 10K-SF Lease
A Row on the Row: Billionaires’ Row Landlord Attempts to Clean Up Outdoor Dining
Lisa Gomez Talks About the Challenges Facing NYC’s Affordable Housing Developers
How ‘Severance’ and ‘WeCrashed’ Hold an Uncomfortable Mirror to the Post-COVID Office
Real Estate Vet Frederick ‘Skip’ Hearn Retires After 67-Year Career
Health Care Infrastructure Post-Pandemic: What Works Best Now
Kelly Park VB Development Lands $50M for 259-acre Assemblage in Orlando
Roe v. Wade Reversal Leaves Businesses to Fill Gaps in Health Care Expenses
Low-Emission Buildings Give Some New York Developers High Financial Hopes
Rockpoint Sells Brickell Office Tower for $287M in Largest Post-COVID Deal in Miami
Why German Investment Firm Commerz Real Reeled in a DC Trophy Office
Blackstone Affiliate Closes on $291M Deal for Former Race Track
Ticketing Platform TodayTix Relocating to 10K SF in Paramount Building
Marc Ricks Takes Over as CEO of Blackstone’s Retail Subsidiary ShopCore
Dine Brands Signs 92K-SF Lease at LPC West’s New Pasadena Development
New York Planning Chief Dan Garodnick On Housing, Zoning and More
South Florida Home Prices Climb 1.7% in May Despite Interest Rate Hikes
LPC West, Angelo Gordon Acquire 63K-SF Life Sciences Conversion in Carlsbad
Complete Discovery Source Doubles Down With Direct Lease in Midtown East
Restorative Therapies Leases 17.6K SF in Baltimore County Relocation
Law Firm Amster, Rothstein & Ebenstein Nabs 11K SF in Chrysler Building
Apollo Lends $170M on 60 Guilders’ Acquisition of 3300 Northern Boulevard in LIC
Advertising Firm Joan Creative Adds 6K SF to its 44 Wall Street Offices
Rent-Stabilized Landlords Get Their Biggest Increase in a Decade
Michael Shvo Taps Norman Foster for Miami Beach Office Project
Former McFadden’s Saloon in Midtown East Leased to Chai Urgent Care
Developers of DC’s Washington Gateway Receive $69M Loan for New Mixed-Use Building
Hedging Against Slow Office Market, Taconic Turns to Life Sciences
Blank Street Coffee Relocating NY HQ to 16K SF at 10 Grand Street
Future Of Global Building Standards brought to you by WiredScore
Deadly Surfside Condo Collapse Turns Up the Heat on Miami’s Condo Market
MWBE Developer Ginosko Partners with L+M on Michigan Affordable Housing Acquisition
Trammell Crow Company Commits Half Million to Support Minority Talent in Real Estate
Lou Coletti, Head of NY’s Building Trades Employers’ Association, Talks Construction
Sunday Summary: Rate Hikes, Industrial Sales, CREFC and Power DC!
Hotel and Resi Project in Williamsburg Up for Bankruptcy Sale
A $206M Charlotte Office Deal Underscores What Neighborhoods Mean to Asset Value
Finmarc Acquires 11-Building Portfolio in Springfield for $128M
Robin Zeigler Launches MURAL Real Estate With Social Advocacy Mission
Aritzia Leases Relocating Fifth Avenue Flagship on the Same Block [Updated]
Loudoun County Public Schools Increases Presence in Leesburg
JSB Capital Group Buys Broward Multifamily Complex for $150M
NYC Employees’ Retirement System Renews 30K-SF lease in The Factory LIC
Bay Street Capital and Drake Real Estate Announce $100M Storage JV
NewPoint Lends $61M on Suburban Philly Multifamily Acquisition
Bank of America Supplies $24M Acquisition Loan for Lower East Side Portfolio Buy
Retailers Like Amazon Rely More on Robots Amid Rapid Rise in Rents
NTT Expanding Data Center Portfolio With $257M Land Buy in Prince William County
Blackstone Mortgage Trust Provides $270M Refi for 799 Broadway
Fed’s Biggest Interest Rate Hike in Decades Removes Some Uncertainty Facing CRE
Shawmut Design and Construction Takes 27K SF at 488 Madison Avenue
Bank OZK Lends $65M to Finish Boutique Condo in Bay Harbor Islands
RIPCO Acquires Restaurant Brokerage Branded Concept Development
CareFirst Inks 80K-SF Lease in Columbia’s Merriweather District
CREFC NYC 2022: Congressional Power Change Could Alter CRE Regulatory Landscape
Langdon Park Capital Acquires Fort Washington Apartments in $63M Deal
Summit Hotel Properties Buys Majority Stake in Brickell Hotel
Music Production Firm, Marketer and Lighting Company Ink Deals at 561 Seventh Avenue
Eric Adams Unveils Plan to Pump $5B to Increase Affordable Housing in New York City
Communication Firm Prosek Partners Leases 34K SF at 28 East 28th Street
Commercial Real Estate Insulated From Inflation Impact: Report
NYC’s Largest Under-Construction Warehouse Rises — on Spec — in Hunts Point
Silver Lake Invests $500M in Shadowbox Studios’ Soundstage Platform
LPC Starts Review on Removing Upper West Side Church Landmark Status
KKR, Dalan Management Finally Close on 260 Gold Street for $225 Million
Clarett Group CEO Ronne Hackett Is Fine With Being an Industry Trailblazer
JPMorgan Earmarks $76M for DC Apartments in The Parks at Walter Reed
How Biotech Company Schrödinger Crafted a Scientific Office in Times Square
CREFC NYC 2022: CRE Industry Well Positioned to Confront Headwinds
Proptech Firms Focused on Security Lean on AI, Access Control
Locatee’s Thomas Kessler On Why Flex Work Is No Longer ‘a Fringe Benefit’
Calif. Lawmaker Wants to Fast-Track Housing for Religious Institutions
CREFC 2022 NYC: Acres Capital’s Mark Fogel Talks CRE Market Sentiment
Cymbal DLT to Build Multifamily Complex Near Miami With $103M From Ross’ Related
Willow Creek Partners Acquire Alexandria, Va., Apartments for $50M
Andrew Kimball, EDC Chief, Talks Refilling Offices and Protecting Coastlines
Rod Barnes, JLL’s New Florida Director, On the Hottest Assets and Biggest Challenges
American Landmark Apartments Drops $200M for Broward County Multifamily Complex
Sonder Cutting 21 Percent of Corporate and 7 Percent of Frontline Staff
PMG Plans Massive Resi Complex in Miami’s Brickell After $58M Land Buy
OKO Group Seals $754M Loan for Crown Building’s Aman New York Hotel & Residences
Gas and Food Prices Push Inflation to 8.6 Percent in May, Highest Level Since 1981
Marisha Clinton Joins Savills as Senior Director of Northeast Research
Helaba Provides $125M Loan on Extell’s UES Resi Tower Project
JPMorgan Chase’s Al Brooks Gives His 2022 Midyear Commercial Real Estate Outlook
Gov. Hochul Signs Legislation to Expand Hotel to Housing Conversions
Average Apartment Rent in Manhattan Nears $5K For the First Time Ever
Beny Alagem Picks Operator for Beverly Hills Luxury Hotel and Residences
South Florida Shopping Centers Trade in Separate Deals for $34M Total
Parkview Financial Lends $70M on Greenwich Village Office Development
Private Equity Firm NexPhase Expanding at 600 Lexington Avenue
Nations Roof Finds New Mid-Atlantic Home in Baltimore County
Developer Rick Caruso, Rep. Karen Bass Set For LA Mayor’s Race
Standard Communities Buys 559 Senior Housing Units in California
Risk Advisory Firm K2 Integrity Subleases 40K SF at 730 Third Avenue
New York Office Attendance Down 41 Percent Compared to Pre-Pandemic: Report
Warby Parker Keeping First Brick-And-Mortar Outpost at 121 Greene
How a NoMad Apartment Building Remade Itself During the Pandemic
Dwight Mortgage Trust Lends $155M on Michigan Multifamily Portfolio Acquisition
GVA Real Estate Group Lands $365M in Financing for Off-Market Multifamily Portfolio
High Street Logistics Acquires Maryland Industrial Portfolio for $68M
Merchants Bancorp Opening 10K-SF NYC Headquarters at 10 Grand Central
Kilroy Realty Inks Lease Deal With Blue Shield of California at Aero Long Beach
NewPoint Real Estate Capital Provides $87M for Multifamily Acquisition in Washington
Tech Company Kaseya Inks Another Brickell Lease to Bring Total to 150SF
Thriving Through a Crisis: SomeraRoad Took The Road Less Traveled
Metropolitan Realty, Morgan Stanley Snap Up LIC Industrial Property for $106M
Canyon Partners Refis University of Florida Hilton with $37M Loan
JLL’s Peter Miscovich Wrote It Down: Flexible Workplaces Are the Future
SL Green Sells Former WeWork Location at 609 Fifth for $100M
Three Leases Propel 1 Willoughby Square’s Occupancy Rate Forward
NLRB Seeks to Enforce Union Rights at Amazon Staten Island Warehouses
Moskovits and Lichtenstein Lose Control of Williamsburg Hotel Amid Fraud Concerns
Private Equity Investors in Commercial Real Estate: Easy Does It Now
Richard LeFrak On South Florida, New York Affordability and Succession
New York’s 421a Development Tax Abatement Doomed as Legislature Wraps
New York Metropolitan Region Saw Record Investment Volume in 2021
Memorial Sloan Kettering and NYCBS Opening New Cancer Center in Brooklyn
Blackstone Innovations Investments Leads Funding Round for Cove
How a Seattle Building Became 2022’s Biggest Multi-Tenant Office Deal So Far
Dwight Capital Refis Two California Multifamily Properties With $53M in HUD Loans
PNC Reups 70K SF for Bank Branch, Offices at 340 Madison Avenue
Coworking Operator NeueHouse to Open in Miami After Pandemic Delay
City Council Proposal Would Pause New York’s Commercial Rent Tax for Years
NYC Housing Agency’s Staff Shortage Stymies Affordable Development
Real Estate Dynasty Patriarch Larry Ackman Passes Away at 83
JV With $400 Million Plans to Raid Overlooked Section of Industrial Market
Fortune 500 Company Inks Lease at Virginia Inland Port Logistics Center
TCC and Diamond Realty Developing Falls Church Medical Building
Adams Pitches Zoning Changes to Streamline Housing Growth and Boost Sustainability
Solar Can Help the Real Estate Industry Prepare for New ESG Disclosure Rules
GameStop Store Foot Traffic Struggles After Pandemic Stock Price Increases
Single-Family Rentals’ Profit Margins Start to Narrow in Pricier Markets
Elon Musk to Tesla Employees: Get Back to the Office Full Time