New York Community Bank Replaces CEO Amid $2.4B Earnings Hit
Month: February 2024
Makeup Brand Charlotte Tilbury to Open Second U.S. Store at Aventura Mall
NYCHA Finalizes New Project Labor Agreement with Construction Unions
FPA Multifamily Now Owns a Big Chunk of Ventura County’s Apartment Market
3650 REIT Provides $65M Refi for Turtle Bay Condominium Property
Resorts World NYC Plans $5B Expansion, Seeks New Gaming Permit
NYC’s Fresh Wave of Private Clubs Draws a Younger Clientele Through Food, Wellness
Starwood Hires Stellar’s Pawan Melgiri to Lead New Middle Market Lending Business
How Jay Glickman Is Growing Vero Sade’s Texas Multifamily Brand From Manhattan
Central Queens Academy to Open New Charter School in Elmhurst
Mosaic Insurance Expands to 13K SF at One Grand Central Place
Coworking Brand Venture X Taking Over Multi-Floor WeWork Spot in Miami
New York Hedge Fund J. Goldman & Co. Signs 10K-SF Lease at New Miami Beach Project
CenterPoint Closes Nearly $200M Industrial Acquisition in L.A.’s South Bay
Ex-Silverstein CEO Marty Burger Launches His Own Real Estate Firm
Slate Property Group, LibreMax Capital Lend $60M on Astoria Condo Tower
Bay It Forward: The Case for Optimism in San Francisco Retail
Linda Foggie Exits Citi, Joins Board of Proptech Firm OfficeSpace Software
NYC Overspending by 237% on Some No-Bid Migrant Shelter Contracts, Comptroller Says
Law Firm Rolnick Kramer Sadighi Signs on for 5K SF at Penn 1
CLO Loan Secured by Fort Lauderdale Office Tower Enters Special Servicing
MacKenzie and InspiRE Form Alliance to Help With Distressed Properties
Macy’s Plans to Close 150 Stores — No One Knows Which Ones Yet
Bills Weakening Protections for Historic Miami Beach Buildings Face Last Hurdles
Columbia Pacific, Nuveen Green Capital Lend $89M on Seattle-Area Winery Project
Architecture Firm KTGY Moves East Coast HQ From Tysons to DC
More New York City Tenants Are Buying Their Buildings. Here’s Why.
Lessen CEO Jay McKee One Year After Proptech’s Biggest Acquisition
Law Firm Kilpatrick Townsend & Stockton Relocating to 28K SF at 3 Times Square
Affordable Housing Startup Pronto Housing Closes $3M Pre-Series A Round
The Real Estate at Stake in the Challenged Kroger-Albertsons Mega-Merger
Douglaston Development Lands $106M in Construction Financing for Affordable Housing
Mercedes-Benz Lends Its Name to JDS Development Tower in Brickell
Beyond Sushi’s Guy Vaknin Opening Mexican Restaurant in Flatiron District
L.A. Rejects Appeals Aimed at Stopping Sunset Boulevard Mixed-Use Project
Starwood Capital Group Hires Blackstone’s Jonathan Pollack as President
Avison Young Restructures Debt After Credit Rating Downgrade and Loan Default
Former Trump International Hotel in DC Defaults on $285M Loan [Updated]
Condo Developer Great Stream Buys Aging West Palm Rental Complex
Barings in Contract to Buy 1370 Avenue of the Americas for Roughly $160M
Affinius Capital Provides $150M Acquisition Financing on 1.8M-SF Industrial Portfolio
Ferrari Speeding Into SoHo With 4K-SK Lease at 92 Prince Street
How CRE Loans Threaten New York Community Bank and Other Regionals in 2024
New York’s Hotels Could Reap $380M From Short-Term Rental Rules
Astoria Developer Tries to Resurrect 350-Unit Waterfront Project
Maverick Secures $247M of Signature CRE Loans from Blackstone-Led Venture
Equity Resource Hands Brooklyn Storage Facility to Its Lender for $47M
U.S. Commercial Real Estate Foreclosures Up 97% From Last Year, 17% Month-to-Month
Law Firm Williams & Connolly Expands to 313K SF at The Wharf
AI Startup Captions Growing to 15K SF in 71 Fifth Avenue Move
Private Equity Firm Advent International Doubling Footprint in Move to Seagram Building
L.A.’s Tagged Oceanwide Plaza Symbolizes Disconnect Between Housing Supply and Demand
Finance Deals of the Week: $111M Loan for Houston Residential Tower
Sales Deals of the Week: Queens Retail Plaza Trades for $80M
JBG Q4 Earnings Highlight Challenges, Potential for D.C. Region Properties
Catalfumo Scores Approval for 620 More Apartments in Palm Beach Gardens
NYU Langone Receives $75M Koch Donation for West Palm Facility
Engineer Accused of Negligence for Bronx Building Collapse Gets 2-Year Suspension
Uswoo Realty, Warby Parker, Wells Fargo Ink Deals at LIC Residential Tower
Newmark Posts Strong Quarterly Earnings, Eyes $3B in Annual Revenue in 2025
Legal Tech Platform Litify Leaving Brooklyn for 185 Madison Avenue
George Smith Partners Acquires C-PACE Specialist Clearwater Capital
Sol de Janeiro Relocating Manhattan Offices to One Grand Central Place
Inside Google’s New St John’s Terminal Office in Hudson Square
CMBS Loan on Miami International Mall Hits Special Servicing
King Street Oyster Bar Expanding to National Landing Across From HQ2
ENT Specialist and Solaris Health Sign Deals in Flushing Medical Development
Cushman & Wakefield Reports Broad Revenue Losses in Q4 Earnings Call
Argentic Supplies $65M Acquisition Loan on Pennsylvania Distribution Center
U.S. Office Market Slid Further in January, Delaying Recovery Hopes in 2024
Madison Realty Capital Buys Bankrupt Developer’s Queens Property for $80M
Dig Deeper to Understand Black Americans’ Influence on Commercial Real Estate
WeWork Works Out Deal at DC’s Midtown Center Amid Bankruptcy
ESRT Promotes Christina Chiu to President and Stephen Horn to CFO
Avra Estiatorio to Open Fourth NYC Location at the Farley Building
Landmark Properties Begins Construction on 429-Unit Student Housing in L.A.
The Learning Experience’s David Slavny On Child Care As a Credit Tenant
Petros Supplies $27M C-PACE Loan on Chicago Multifamily Development
As Miami’s Multifamily Market Moderates, New Challenges Emerge
BGO Co-CEO John Carrafiell On Using Data to Nail Real Estate Investment
Northwind Group Provides $111M Takeout Financing on Houston Condo
How a Former Parachute Factory in Queens Became Life Sciences Space
Florida Looks to Ease Child Labor Laws With Industry Support
IBO Predicts NYC to Bring in $900M More in Tax Revenue Than Adams’ Projections
NY State Comptroller Forecasts Widening Budget Gap, Slowing Economy
Trump Ordered to Pay $355M for Lying About Real Estate Values
Multifamily Distress Weighs on Arbor Realty Trust’s Loan Portfolio
C2 Imaging Acquires Springfield Office in Latest Owner-Occupier Deal
Westfield’s Plan to Exit Fulton Street Station Met With Lawsuit From MTA
Florida East Coast Realty Refis Miami Panorama Tower With $420M Loan
Sale Deals of the Week: Senior Living Portfolio Trades for $1B
Finance Deals of the Week: Miami Panorama Tower Nets $420M Refi
Townhome JV Targeting ‘Aging Millennials’ in Southern California
SoCal Industry Roundup: JPMorgan, Savills, Newmark Announce New Hires
Grant Program Encourages Small Businesses At DC’s Parks at Walter Reed
Industrial Tenants Take 92K SF at Prologis Industrial Park in Broward County
WeWork Wants Fresh Financing and Landlord Support to Escape Chapter 11
CBRE Reports Strong Q4 Earnings With Nearly $32B in 2023 Revenue
MBA CREF ’24: Choppy Waters Continue but Is Smoother Sailing on the Horizon?
Proptech Startup Arch Closes $6M Seed Round Off Demand for Heat Pumps
Private Equity Firm TruArc Partners Renews at 545 Madison Avenue
Solar Energy Developer Dimension Relocating to 11K SF at 825 Third Avenue
Celebrity L.A. Developer Plans Hotel Next to Clippers’ New Arena and Rams’ Stadium
Legal Aid Society Sues NYC for Failing to Implement Housing Voucher Expansion
Hudson Valley Property Group Gets $208M in Financing for Affordable Housing Purchase
With AI Big in Construction, Don’t Skimp on Respect and Ethics
MBA CREF 2024: Adaptive Reuse Projects Driving Uptick in Financing Requests
Welltower Buys Pacific Northwest Senior Living Portfolio for Almost $1B
NYS Disability Assistance Office Moving to 45K SF at 26 Broadway
Paul Darrah Joins Citadel to Lead Real Estate Operations After 7 Years at Google
Terminal Warehouse Office Conversion Inches Toward the Finish Line in Chelsea
Strikes, Slumping Office Market Hurt Hudson Pacific’s Bottom Line in 2023
Furniture Distributor Renews 250K-SF Lease at Miramar Industrial Park
Howard County Housing Authority Acquires Ellicott City Apartments for $63M
Wegmans Chairman Signs Deal for Bed Bath & Beyond’s Former UWS Space
Design Development Partners Refis Miami Design District Building With $45M
CMBS Distress Rate Rises in January With Office Back Above 10 Percent
Buvermo Execs Launch BVO Capital to Target Active Adult Housing
JPMorgan Chase, CPC Provide $90M Construction Financing on Brooklyn Tower
Goldman Sachs Provides $395M Refi for Manhattan’s 70 Pine Street
Korean Video Game Company Signs Rare Office Lease in Hollywood, Calif.
230 Fifth Owners Opening 15K-SF Rooftop Bar at 520 Eighth Avenue
Film Studio Operator MBS Group Inks 300K-SF Warehouse Deal in Queens
MBA CREF 2024: Office Sector Needs Reset, but Conversions Won’t Be a Savior
LVMH Wants to Build New Louis Vuitton Flagship in Beverly Hills
Orange County Signs 70K-SF Office Lease in Santa Ana, Calif.
Developers Confront Less Demand for New York City Industrial Space
MetaProp’s Latest ‘5 Borough’ Cohort Launches With $1M, City Support
Senior Housing Development Approved for National 4-H Site in Chevy Chase
Nick Jonas and John Varvatos to Open Tequila Bar at Miami Worldcenter
MBA CREF 2024: Former PIMCO CEO Warns of the Impact of Industry Noise
TPG Real Estate Credit Provides $79M ReFi for Puget Sound Multifamily
Law Firm Barry McTiernan & Moore Moving HQ to 18K SF at One Battery Park Plaza
Dwight Mortgage Trust Loans $75M to Refinance East Flatbush Multifamily
Sola Salons Opening Second Manhattan Outpost in Midtown South
Senior Care Providers Buy SoCal 200-Bed Facility From Landlords for $24M
Franz Colloredo-Mansfeld Explains Cabot Properties’ Latest Expansion
NYC Building Permits Spike — But Only for One- to Three-Family Homes, Not Apartments
Natixis Adds Chris LaBianca From UBS to Lead Conduit Origination
L.A.’s Shopping and Retail Market Has a Ways to Go Before Returning to ‘Normal’
State Farm Insurance Provides $25M Takeout Loan on West LA Apartment Complex
Continuum Ups Construction Loan to $90M for Bay Harbor Islands Condo
Finance Deals of the Week: Largest South Florida Construction Loan
Barings Provides $98M Refi for Luxury Apartment Tower in Milwaukee
Ad Agency Moon Rabbit Hops Across SoHo to 7K SF at 594 Broadway
PMG, Michael Simkins, and Lndmrk Buy Overtown Development Site
Health Care Adviser Marwood Renews 19K-SF Lease at 733 Third Avenue
Tequila Brand Casa Komos Moving Offices to 10K SF at 853 Broadway
Starchitects in Miami Are So Over. It’s About the Branding Now.
Once Abandoned Victoria Theater in Harlem Reborn as Apartments and Hotel
Walker & Dunlop Refis Student Housing Portfolio With $380M Credit Facility
Investment Sales Drops Across Nearly All Asset Classes in Brooklyn in 2023
Online Auctioneer Worthy Takes 12K SF at 25 West 45th Street
Brighton Capital Advisors Hires CMBS Veteran Alison Coen for Midwest Coverage
Jim Moran Foundation Buys Retail Building Near New HQ in Fort Lauderdale
Report: 80 Percent of CMBS Office Loans At Risk of Default or Workout in 2024
AstraZeneca to Invest $300M in Rockville Manufacturing Facility for Cancer Treatments
Production Company CF Entertainment Signs 16K-SF Lease in Midtown
‘Climate Havens’ Like Buffalo Lean Into Infrastructure and Policy
CRE Platform Hanover Street Capital Relocates Along Billionaires’ Row
Is Biodiversity The Next Big Thing in Sustainable Real Estate Development?
How James Millon, Tom Traynor and Tom Rugg Turned CBRE Into a Large Loan Powerhouse
Federal Prosecutors Round Up 70 NYCHA Employees in Bribery Crackdown
InventWood Outgrows U of Maryland Incubator, Sets Sights on Frederick Industrial Park
Bolour Associates Gets Go-Ahead to Build Housing Near UCLA’s Planned Research Park
Former HFZ Exec Nir Meir Arrested in Miami, Days After Filing for Bankruptcy
Mast Capital Lands Record $600M Construction Loan for Cipriani Condo in Miami
UCI Health to Buy Four Tenet Healthcare Hospitals in SoCal for Nearly $1B
Activists and NY Pols Pitch $5B State Agency to Develop Affordable Housing
French Bistro From DC’s Hilton Brothers Heading to National Landing
Peachtree Group Lends $35M on Multifamily Buy Near University of Florida
The $1B Question: Will the Money Raised for Distressed Office Be Successful?
Värde Partners Provides $61M Construction Takeout Loan on Miami Apartments
Peruvian Developer Buys Second Edgewater Development Site in 12 Years
WebstaurantStore Signs 1.2M-SF Lease at New Hagerstown Logistics Park
HH Fund Scores $65M Refinancing for Baltimore Student Housing
Nexstar Media Subleasing 68K SF from CohnReznick at 1301 Avenue of the Americas
Spirit Realty Capital’s Jackson Hsieh Tapped as New Macerich Leader
Intercontinental Exchange Takes 143K SF at 1345 Avenue of the Americas
Lender Takes Control of Dulles View Office Following CMBS Loan Auction
Banco Inbursa Supplies $95M Construction Loan on Miami Worldcenter Condo Project
How Larger Property Owners Can Better Navigate Green Building Regulations
Reinsurance Broker BMS Nearly Doubling Its 757 Third Avenue Offices
German Capital Flow Into U.S. Commercial Real Estate Drops Sharply
$18M Refinancing Earmarked for Residence Inn Near Virginia Tech
Kat Lau’s Self-Storage Concept Stuf Can Help Office’s Oversupply Problem
Apollo Lands $56M Construction Loan for Mixed-use Development in Dania Beach
Nuveen, HALL Structured Finance Provide $67M Loan for Sand City Marriott Inn
Prologis Buys Coney Island Industrial Development Site for $51M
Florida Gambling Expansion Bill on Pause After Miami Billionaires Revolt
Lee & Associates Adds Mid-Atlantic Retail Sales and Leasing Team
Jamestown’s Michael Phillips on Pairing Food With Development
Facebook Lists Large Space in L.A. for Sublease as Big Tech Office Pullback Continues
Manhattan Investment Sales Volume Fell by Nearly Half Last Year
Port Authority Bus Terminal Redevelopment to Add Office and Retail Space
Nuveen Green Capital Hires Bank OZK’s Chris Lawton to Lead Originations
Poland’s Pilecki Institute Opening First U.S. Location at 88 Greenwich Street
Northwind Group Provides $70M Construction Loan on Jersey City Residential Tower