Logistics Startup Highline Commerce Expands to 42K SF at Industry City
Month: January 2024
The Rock’s Teremana Tequila Signs 4.5K-SF Lease at 245 Fifth Avenue
Goodwill Relocates Queens Offices to EmblemHealth’s Former Astoria Building
Fed Pauses Interest Rates With No Signal Yet of When Cuts Begin
Top U.S. Lab REIT Unloaded $1.3B in 2023 While Portfolio Lost $460M in Value
The Journey Church NYC Renews 9K-SF Office at 247 West 37th Street
NYC Office Demand and Visitations Saw Steady Rise in December
Terra, New Valley Score $127M Permanent Loan for Hialeah Gated Community
Baltimore Orioles Sold for $1.7B to Founder of Carlyle Group
Monadnock Builds a New HQ Along the Gowanus Industrial Waterfront
Hudson Companies’ David Kramer Goes Big in Brooklyn And Beyond
Colliers Picks Gregg Shutan to Lead East Region Brokerage Team
GL Homes Buys Development Site in Palm Beach County for $29M
WeWork Negotiates to Keep 71 Fifth Ave. and Dock 72 Locations But Awaits Court OK
Advanced Manufacturer Machina Labs Signs Five-Year Industrial Lease in L.A. County
Manga Publisher Kodansha Buys Flatiron District Townhouse for $27M
NYPD Special Victims Division Renews 42K SF in Downtown Brooklyn Again
Fairstead Buys Fort Lauderdale Affordable Housing Complex for $27M
Reinsurance Group of America Provides $21M Refi for San Jose Retail Center
New York Can’t Afford a Sluggish Commercial Real Estate Sales Pace
Skin Care Salons Bluemercury and SkinSpirit Opening in McLean, Va.
CMBS Loan on 280 Park Avenue Hits Special Servicing, Modification in the Works
Holiday Inn Club Buys Former Roger Smith Hotel Timeshares for $30.3M
Happiest Place on Earth Could Expand With $2B Plan Over 10 Years
CIP Real Estate Lands $300M Investment to Grow Industrial Business
Del Frisco’s Renews Double Eagle Lease at 1221 Avenue of the Americas
LaGuardia Community College Extends Its 210K SF in Long Island City
Pratt Moving Photography Program to Dock 72 With 63K-SF Lease
The Affordable Housing Policy That New York State Must Act On
How Brooklyn’s ‘Innovation Coast’ Became a Self-Fulfilling Prophecy
Manhattan’s Sixth Avenue Bucks Office Trends With Brisk Leasing
Ex-L.A. Councilman Huizar Sentenced to 13 Years for Taking Bribes From Developers
JPMorgan Lends $245M on Terra’s Grove Central Mixed-Use Project in Miami
Bronx Multifamily Building Sells at an Apparent Discount for $26M
1784 Holdings Secures $53M Construction Loan for Self-Storage in Bethesda
YMCA Retirement Fund Signs 26K-SF Lease at 1177 Avenue of the Americas
Wave of Tech, Media Layoffs Delivers New Blows to L.A. Office Market
Stop Knocking Down Older Office Buildings. Here’s How to Reuse Them Instead.
EmblemHealth Renews AdvantageCare Physicians’ Flatiron Branch
SL Green Turning to Asia for New $1B Debt Fund Targeting Distress
Northpath Gets $18M Financing to Acquire Hyattsville Retail Center
City Comptroller Says BLDG Management Failed to Pay $40M in 421a Construction Wages
Greater New York Mutual Insurance Takes 52K SF at Empire State Building
Major, Lindsey & Africa and Developer Operative Sign Deals at 530 Fifth
San Diego’s Life Sciences Funding Rebounded as CRE Stats Struggle
St. John Properties and Greenebaum to Develop Spec Space in Laurel, Md.
Tech and Life Sciences Firms in SoCal’s Orange County Raised Over $3.2B in 2023
Capitals’ and Wizards’ Likely Move to Virginia Forces DC Real Estate to Reassess
WeWork Refusing to Pay $33M in Rent as Tactic, Landlords Claim
Reston Office Property Defaults on $38M CMBS Loan After December Maturity
Bal Harbour Shops Owner Sues Village to Add Affordable Housing
Adams Zeros in on Waterfront Projects and Housing in 2024 State of the City
How the Biden Infrastructure Bill Can Be Used to Fund Housing
Argentic Provides $45M Refi for University of Chicago Student Housing
SMA Equities Lands $71M Loan for Gramercy Green Energy Apartment Building
BGO Supplies $74M Construction Loan for Florida Cold Storage Facility
NYC Grants $100M in Tax Breaks to Two Struggling Manhattan Office Buildings
Empirical Research and Two Others Lease Prebuilt Space at 551 Fifth Avenue
Ryan Specialty and ICBC Sign Lease Deals at 1185 Avenue of the Americas
Thorofare Capital Markets LA Arts District Property in Foreclosure Sale
Private Miami School Key Point Academy Moving in 62K-SF Deal
Lexin Capital Buys Back Its Defaulted Chelsea Office Loan at a Discount
TPG Angelo Gordon Scoops Up 41 Acres for Big Housing Project in Southern California
TailoredSpace CEO Drew Sanden On How to Smartly Grow Coworking Companies
Jeweler Harry Winston Leases Penthouse Office on West 48th Street
NYC Advances Rezoning for 7,500 Apartments by New East Bronx Metro North Stations
Transwestern Adds Industry Vet Spencer Stouffer to Head NoVA Leasing
Downtown Miami Mall Sells for $28M Before Foreclosure Auction
West Side Campaign Against Hunger Opens 15K-SF Washington Heights Location
A Tumultuous Multifamily Market Starts to Reach Consensus on Values
Corporate Directors Group Moving HQ to Monday Properties’ Rosslyn Office Tower
Realm and Bascom Group Default on $33M Loan for LA Apartment Tower
U.S. Rental Segment Boosted by Affordability and Flexibility Trends
The Southeast’s ‘Battery Belt’ Is Big for Commercial Real Estate
Brookfield’s $148M Loan Backed By One Pierrepont Plaza Sent to Special Servicing
Kolter to Build up to 491 Homes at Avenir Site in Palm Beach Gardens
NYC Hit Record for Subsidizing Affordable Housing in 2023, Adams Says
CMBS Loan Behind Fannie Mae HQ Exit Faces Future Balloon Payment Risks
Jeweler Pomellato Returns to Bal Harbour Shops Amid Expansion Battle
Northwestern Mutual Life Lends $150M To Construct NJ Palisades Apartment Complex
Blackstone Purchases Single-Family Rental Operator Tricon for $3.5B
CBRE Adds Savills Execs Ben Plaisted and Greg Scheipers to DC Office
A Record Amount of Lab Space Will Be Added in the U.S. This Year. Will There Be Enough Tenants?
REBNY Reboot: Navigating New York Real Estate’s Pivotal Moment in 2024
Lancewood Capital Lends $22M on Upper East Side Condo Project
NYU Puts Final Touches on Martin Scorsese Virtual Production Center at Industry City
Maryland Governor Pitches Housing Incentives, Eviction Protection
Jonathan Tootell Leaves SquareFoot to Head Up Leasing at L&L
Southern States Banks Lends $23M on Charleston Industrial Project’s Construction
Cision Transfers 33K-SF Office to American Express at 200 Vesey Street
Related Group Lands $100M Construction Loan for North Miami Rental
Serrano Development Secures $28M Fannie Mae Refi in L.A. County
Jack Terzi’s JTRE Holdings Secures CMBS Loan Modification for 240 East 54th Street
Brookfield Hands Over U.S. Office Property Management to CBRE
Theatrical Organization The Barrow Group Expands Near Penn Station
NYC Lists 46 Buildings in Pipeline for Office-to-Residential Conversion
Content Platform PlayPlay Signs 5K-SF Lease for First NYC Office
Two National Associations Renew Office Leases in DC Building
Alexandria Ditches Life Sciences Conversion Project in Queens
Proptech Startup PredictAP Raises $8M Series A for Expansion
Hochul Proposes Four-Year Extension to 421a, $650M ‘Pro-Housing’ Fund in State Budget
Marketing AI Platform Vendelux Signs 8K-SF Lease 115-125 West 30th Street
Bank of America Inks 550K-SF Lease at BGO’s Jersey City Office Tower
KeyBank Lends Conserve Holdings $29M to Buy Virginia Apartments
Tishman Speyer Buys Industrial Project Site in SoCal for $146M
Private Security Firm Mulligan Security Expands to 25K SF at 7 Penn Plaza
Calmwater Capital Provides $33M Construction Loan for San Gabriel Multifamily
Cityview Buys 6 LA Apartment Buildings from Blackstone for $63M
Jed Walentas on Taking Over for Douglas Durst as REBNY Chair
Can NYC Revamp Its Archaic Commercial and Industrial Zoning?
Stakeholders Say 2024 Will be the Year for a 421a Replacement. Good Luck
Douglas Durst Looks Back on the Last Four Years as REBNY Chair
Travelers Insurance Downsizing to Hunt Valley, Md., Office Complex
Archdiocese of New York Consolidating Offices to 142K SF at 488 Madison Avenue
A Living Wall Reinvigorates An Aging Art Deco Lobby in Chelsea
GigaCloud Tech Takes 833K Square Feet in Southern California
Harvard Business School Renews 5K-SF Lease at 3 Columbus Circle
Newlab CEO Cameron Lawrence On What’s New at the Tech Accelerator
Fifth-Generation Butcher to Triple Its Footprint in Palm Beach County Move
Evertree Insurance and Equity Manager Tekne Capital Lease Space at 400 Madison Avenue
Sunday Summary: A Good Jobs Report Nationwide — and for CRE!
Related, Sterling Equities and NYCFC Buy Willets Point Parcels for $12M
Manhattan Residential Vacancy Rate Ticks Up as Brooklyn Rent Spikes
Blackstone Already Planning to Sell $1.8B Worth of Signature Bank CRE Loans: Report
Newmark Hires Robert Ferman From Marcus & Millichap to Grow Private Capital Group
Gencom Buys Majority Stake in Ritz-Carlton Key Biscayne from Brookfield
Marley Welsh Promoted to Principal at Lee & Associates-Maryland
Latter-day Saints Lease 40K SF at West End Collegiate Church
Blackstone, Paramount Secure Loan Extension for One Market Plaza in San Francisco
Commercial Real Estate’s Challenges Collide With NYC’s Tax Rolls
Trepp’s Manus Clancy Jumps to CRE Data Analytics Competitor LightBox
Thorofare Capital Lends $25M on Philly Luxury Multifamily Asset
European Logistics Company Signs 1.2M-SF Industrial Lease in Southern California
Blackstone Names Nadeem Meghji Global Co-Head of Real Estate
Deutsche Bank Refis South Florida Mixed-Use Asset With $133M Loan
Skin Care Brand Caudalie Signs 14K-SF Lease at 381 Park Avenue South
Innovative Design and ‘Living Seawalls’ Can Improve an Imperfect Solution
Scale Lending Provides $243M Loan for Two Jersey City Apartment Buildings
Developers Clamor to Build Along South Florida’s Passenger Rail Lines
New York Pizzeria and Sports Bar Ink Deals At West Palm’s Nora
Watergate Office Building Resolves Delinquent CMBS Loan, Landlord Says
Valley National Bank Lends $71M on Forest Hills Condos Build
Jeweler David Yurman Expands to 150K SF at 200 Hudson Street
U of Maryland Finalizes Plans for College Park Campus Makeover
A Frustrated Hochul Cedes New York’s Housing Future to Legislature
Bal Harbour Shops Owner Proposes Affordable Housing at Uber-Luxury Mall
Brokers Expect 2024 Uptick in Multifamily Investment Sales, Poll Finds
Thor Equities Secures $36M to Refinance Fort Lauderdale’s Beach Place Retail
2023 Was One of the Stalest Years for NYC Investment Sales Thanks to Interest Rates
Prologis Pays $50M for L.A. Industrial Site With Redevelopment Plans
First Industrial Realty Buys Goodyear Industrial Property in SoCal for $25M
Unity Capital Lends $80M to Build Asbury Park Multifamily Project
Lee & Associates’ Kate Jordan Takes Over as President of NAIOP Maryland
Caspi Sells Financial District Office Building to Stave Off Foreclosure [Updated]
Staley Point, Bain Capital Sell SoCal Warehouse at a Premium
Freddie Mac Multifamily Refis Gowanus Apartments With $166M Loan
First Citizens Bank Buys Santa Monica Office From Realty Bancorp
Inside Sandbox Films’ Acoustically Harmonious Flatiron Office
Proptech Firms See Opportunity in Federal Sweeteners for Conversions
Nonperforming $111M Senior Loan on 462 Broadway Hits the Market
3650 REIT Provides $145M in Construction Financing for Two SoCal Projects
HVAC Repair Firm Expands to Columbia’s Rivers Park Business Park
Huntington’s Disease Society of America Stays Put Near Penn Station
Monarch Alternative Capital Refis Tampa Hotel With $100M Loan
MAG Partners’ Big Chelsea Multifamily Project Secures $151M in Financing
TA Realty Buys Doral Warehouse for $26M After $10M Price Jump
West-Park Church Won’t Be Bulldozed After It Withdraws Hardship Application
Mesa West Capital Provides $54M Construction Loan on N.J. Industrial Complex
Final Asset in San Bernardino Office Portfolio Sells for $27M
Prada Bought a Second Midtown Office Building From Jeff Sutton for $400M
Bank OZK Provides $215M Construction Loan for Phase 1 of Florida Community
KeyBank Leads $520M Financing Package for Workforce Housing Portfolio
Auto Loan Provider Lendbuzz Opening First NYC Office in 5K SF at 107 Greenwich Street
Industrial REIT Rexford Closed $1.5B in SoCal Investment Sales in 2023
SEC Sues Miami Developer Rishi Kapoor for Allegedly Defrauding Investors
Guatemalan Fast-Food Chain Pollo Campero Adds New Outpost at Penn 1
White Oak Real Estate Capital Lends $63M on Brewery-to-Multifamily Conversion
Teachers Union and Staten Island Borough President Sue to Halt Congestion Pricing
Law Firm Smith Gambrell Relocates and Grows at 1301 Avenue of the Americas
FanDuel Pays $1,410 a Foot for New Beverly Hills Office: Sources
Scale Lending Provides $46M Bridge Loan on Brooklyn Rental Property
Bank OZK Lends $239M to Ugo Colombo’s Luxe Grove Isle Condo Project
Commercial Real Estate Financing Volume Likely to Rebound in 2024
2023 Unwrapped: A Candid Look at Commercial Real Estate’s Tumultuous Year
Greystone Spins Off Affordable Housing Arm to Founder’s Nonprofit
Treo Group Lands $53M For Second Student Housing Development in South Miami
Enterprise Community Development Acquires Falls Church Apartments for $22M
Investors Flocked to 5-Year CMBS Conduit Loans in 2023: KBRA
Penguin Packaging Solutions Waddles Over to Baltimore-Area Warehouse
After $700M Deal, UCLA To Transform Westside Pavilion Into Research Park
Spotify Subleases 69K SF at 4 World Trade Center to HR Platform Rippling
MLB Players Association Inks 50K-SF Deal at 1325 Avenue of the Americas
British Tailor Thom Sweeney Signs Lease in Miami Design District
Dwight Mortgage Trust Lends $41M on New Downtown Brooklyn Resi Tower
ESG Presents Commercial Real Estate With New Challenges in 2024
Goldman Sachs-Backed Company Signs Office Lease at Office Depot HQ
Citing Demand, TailoredSpace to Open Eight SoCal CoWorking Locations in 2024
First Mile Properties Acquires New Jersey Office Property for $56M, SocGen Provides Loan
MF1 Capital Provides $51M in Gap Financing on Bronx Multifamily
Bank of America Provides $24M Refi on Gotham Hall in New York City
Private Equity Firm Dauntless Buys Crystal City Marriott for $66M in Latest Hotel Buy
Law Firm King & Spalding Relocating to 175K SF at 1290 Avenue of the America
Advanced Real Estate Buys Large SoCal Apartment Property for $234M
The Office Market’s Brightest Spot Going Into 2024: Law Firms
How an Office Tower at 160 Water Street Became Pearl House Apartments
Longpoint’s Dwight Angelini on Buying an Infill Industrial Portfolio in South Florida