Douglas Development Scoops Up D.C. Office Building for Hefty Discount
Month: August 2024
Brooklyn Developer to Build 30K-SF Residential Project in Red Hook
Forman Capital Lends $55M for South Florida Condo Conversion
John Catsimatidis Buys $22.5M Chelsea Building to Expand Mixed-Use Project
Hartz Mountain Secures $230M Refi for Roxy and Soho Grand Hotels
D.C.’s Neighborhood Development Company Closing Up Shop After 25 Years
Only 14.8% of U.S. Office Stock Good Picks for Resi Conversion: Report
Valley Children’s Healthcare Unveils Plans for 443-Acre Mixed-Use Project
Developer Proposes Transit-Oriented Apartments in Miami-Dade County
Brooklyn Church Conversion Heads to Auction After Two Failed Developments
Centennial Bank Provides $152M Construction Loan for Journal Square High-Rise
Ally Bank Provides $115M Bridge Loan on Four-State Senior Living Portfolio
JV Nabs $115M Loan to Acquire Mall Featured in ‘Back to the Future’ Film
Thai Restaurant Opening 5K-SF Location at 237 West 35th Street
Douglas Development Defaults on D.C.-Area Portfolio CMBS Loan
Metro Loft’s Office-to-Resi Conversion at 20 Broad Street Faces Default
Lendlease Secures $316M Construction Loan for L.A. Mixed-Use Project
Foot Locker to Relocate Headquarters From New York City to Florida
Barry Sternlicht Taps Bjarke Ingels to Add Condos at Miami Beach’s Standard Hotel
Calif. State Senate Passes ‘Entertainment Zone’ Bill Allowing Booze on the Go
LVMH Brand Lip Lab Opening Third NYC Location at 825 Lexington Avenue
JP Morgan Real Estate Income Trust Lends $62M on South Carolina Apartments Acquisition
Continental Realty Expands in SoCal, Adding Two Industry Veterans
Voyant Beauty Signs 180K SF in SoCal Leases With Rexford Industrial
MTA Blames Harlem Landlords for Second Avenue Subway Project Delays
NYC Seeking Bids to Restore Park Avenue’s Pedestrian Mall to Former Glory
Plymouth Industrial REIT and Sixth Street Form $250M Partnership
D.C. Advances Poplar Point Redevelopment With Consultancy Hire, Proposals Request
Vanderbilt Office Properties Refis West Palm Building with $96M
Demand for U.S. Data Centers Surges Despite Labor Gap, Power Strain
Wellcom Worldwide Signs 24K-SF Lease at 16 Madison Square West
Bold Charter School Moving Into Bronx’s Former St. Thomas Aquinas Building
NYC Poison Control Center Eyes 215 Lexington Avenue as Office Antidote
Newsom Awards $790M for Calif. Affordable Housing Development
Tesla Pays Adam Gordon $18M for Queens Parking Lot to Build Charging Station
Injective Labs Moving to Bigger Offices at 205 West 28th Street
Bungalow Projects Makes Plans for 307K-SF East Williamsburg Movie Studio
Apollo Provides $234M Construction Loan for Luxury Rosewood Residences in Florida
PGIM Real Estate Supplies $64M Acquisition Loan for NJ Industrial Park
City Winery Closes Grand Central Location Early, Making Way for Grand Brasserie
Modernizing Mandates Will Help City of Yes Ease NYC’s Affordability Crisis
How Office Occupiers Can Get the Most Out of Space Utilization Sensors
Tessler’s 172 Madison Avenue Facing Foreclosure on $88M Loan
Nuveen Green Capital Supplies $190M C-PACE Loan on Virgin Hotels Las Vegas
Frank Cohen Steps Down as Blackstone’s BREIT CEO With Wesley LePatner Taking Over
Justice Department Accuses RealPage of Price-Fixing Apartment Rents
Fed Chair Jerome Powell Signals Near-Term Rate Cuts in Jackson Hole Speech
Mom-and-Pop Investors Are Leading the Charge in Property Purchases: Op-Ed
Pacific Life Lends $73M to Build FSU Student Housing in Tallahassee
Never Mind the Headlines — Much of the Office Market Has Rebounded
Alexandria’s 172K-SF Tavern Square Property Available for Purchase
Pebb Buys The Press Mixed-Use Complex in West Palm Beach for $53M
Murray Hill Wine Storage Takes 10K SF at 124 West 36th Street
Nuveen Real Estate Provides $44M Refi for New Jersey Apartment Complex
L.A. Planning Commission Greenlights Crescent Heights’ Apartment Tower
Investment Manager Empyrean Capital Renews 6K-SF Offices at 499 Park Avenue
Starwood Provides $301M Refi on Brooklyn Office & Macy’s Building
Lightstone Management Faces Foreclosure at East Flatbush Apartment Building
The Plan: Art Collective ABC No Rio Finally Builds New LES Home
Adams Clinical Takes 7K SF at Simone’s 1200 Waters Place in the Bronx
Christie’s Real Estate Group Opening 8K-SF Office at 156 Fifth Avenue
Amazon’s $1.4B Housing Fund Now Open for Developer Applications
Blackstone in Talk to Buy Beachside Hyatt Hotel in Clearwater, Fla.
Hedge Fund Senator Investment Group Takes Last Bit of Space at Zero Irving
Northwind Group Lends $75M on Office-to-Resi Conversion of Former Pfizer HQ
Nonprofit, Engineering Consultancy Ink Deals at GFP’s 630 Ninth Avenue
Dermody Properties Secures $1B in Fourth Round Industrial Funding
Berkadia Lends $59M for Rockpoint’s Mixed-Use Miami Building
Walker & Dunlop CEO Willy Walker on Biden, Harris and U.S. Housing Policy
NYC Turns to Its Own Portfolio in Quest to Build Affordable Housing
CMBS Loan on SoHo’s The Prince Building Enters Special Servicing
Inland Empire Multifamily Market Bouncing Back, Report Finds
Bank of America Refis Lower Manhattan Retail Properties With $33M Loan
Brookfield in Talks With Lenders for $11B Buy of Spanish Plasma Firm
Bank of America’s Maria Barry On Keeping Affordable Housing Doable
Two Design and Furniture Companies Ink Deals at 171 Madison Avenue
Edgar Bronfman Jr. Challenges Skydance-Paramount Merger With $4.3B Bid
Rockrose Pays Madison Realty $65M for Cobble Hill Development Site
Cushman & Wakefield Hires Miles Treaster as Head of Capital Markets
Warner Bros. Pledges $8.5B in Long-Term Lease at Nevada Studio
Peachtree Group Provides $42M Refi on Atlanta Resi-to-Hotel Conversion
Trimont Scores Major Deal Taking Over Wells Fargo’s CRE Loan Servicing Business
Wells Fargo Leads $240M Construction Financing for Onni Apartment Tower in L.A.
Kipp D.C. Inks 16K-SF Headquarters at Carr Properties’ Signal House
Related Companies Lands $380M CMBS Refi for Bronx Terminal Market
Thorofare Capital Provides $23M Refi for Tulsa-Area Apartment Complex
NYC Administration for Children’s Services Taking 19K SF at 850 Third Avenue
Williams Equities’ 655 Madison Avenue Office Tower Officially Marked for Demolition
Industrious and Delta Partner to Provide Traveler Workspaces
A New York City Office-to-Residential Conversion Wave Builds
Peak Condition: TruAmerica’s Matt Ferrari on Climbing Mount Everest’s North Col
Charter School and Supermarket Ink Deals at Arden Group’s 4650 Broadway
Newmark Adds Sean Crosby From CBRE to Lead SoCal Retail Valuations
Albanese to Build Affordable Housing on New York Botanical Garden Lot
PMG and Greybrook Secure $178M Refi on South Florida Co-living Dev
Lucy Guo’s Creator Platform Moves Into 25K-SF Hollywood Office
American Exchange Buys $200M Note on Savanna’s 1375 Broadway
L.A. City Council Approves Mixed-Use Development Adjacent to Van Nuys Airport
RFR’s $180M CMBS Loan on 17 State Street Sent to Special Servicer
Foulger Pratt, Partners Acquire D.C. Apartment Building for $108M
Yeshiva University Opening New 160K-SF Health Campus in Herald Square
A Struggling Sonder Signs Long-Term Licensing Deal With Marriott
BridgeCity Supplies $87M Construction Loan for Murray Hill Apartments
Wells Fargo, BofA, Deutsche Bank Provide $620M Loan for $1B Hyatt Orlando Deal
New Jersey Is Beating New York in Housing Production — By A Lot
These New York Affordable Housing Developers Created Their Own Insurance Firm
Argent Sells 16% Stake in Crowne Plaza Hotel to Michael Loeb for $53M
Kamala Harris Targets Apartment Rent Increases in First Policy Speech
Fred Ohebshalom’s Empire Management Faces Foreclosure at 250 Fifth Avenue Hotel
J.P. Morgan, Tyko Capital Provide Nearly $1.2B in Financing for Chelsea Luxury Towers
7 U.S. Office Buildings Have Sold for More Than $100M Off This Year
Hackman Capital Partners, Affinius Capital Land $75M Refi for L.A. Mixed-Use Property
Harrison Street Acquires Southeast Self Storage Portfolio for $200M
Savanna’s CMBS Loan on 521 Fifth Avenue Sent to Special Servicer
HarborOne, Westfield Bank Provide $41M Construction Financing in Massachusetts
NYC Filmmaking Rebounds as More Studios Open Across Boroughs
Vanderbilt University Pitches $520M Campus In West Palm Beach
Howard Hughes Inks Two Medical Leases at Maryland Mega Development
NYC Approves Metro-North Rezoning Expected to Bring 7,000 Homes to the Bronx
Citizens Bank Makes $39M Refi for Queens Affordable Housing Portfolio
Atria Senior Living Lands $52M Refi of SoCal Senior Living Facility
Italian Eatery Dante NYC Leases 10K SF at 210 Elizabeth Street for Third NYC Location
Timbercreek Capital Provides $69M Bridge Loan to Refi Orlando Apartment Complex
Investment Firm Night Squared Takes 4K SF at 3 Columbus Circle
U.S. Retail Closures Surpass Openings for First Time in 2024
NYC Sidewalk Sheds Are Costing Businesses Thousands Each Month: Report
DWS Hires Jay DeWaltoff From J.P. Morgan Asset Management to Head Debt Platform
Maxim Capital Group Lends $54M on Bay Harbor Islands Apartments
BridgeInvest Raises $670M for Fourth Private CRE Credit Fund
Larry Ellison Pays $277M for Oceanfront Hotel Near Palm Beach, Fla.
Cortland Extends Buying Spree in NoVA With $104M Multifamily Deal
Housing Costs Continue to Drive Inflation Even as Overall Pace Slows
Blackstone Subsidiary Legence Acquiring Engineering Firm AMA Group
Madison Realty Capital, Taconic Capital Lend $94M to Complete South Florida Apartments
Williamsburg Eatery Carneval Opening Second Location at 470 Driggs Avenue
Golden Visas — Long a Way for Investors to Live Large Overseas — Face Global Backlash
RXR Exploring Conversion of 5 Times Square Office Building Into Residential: Sources
Brown Harris Stevens’ Stephen Kliegerman On Selling New Condos in NYC
U.S. Departments of State and Housing to Shrink D.C. Real Estate
Developer Charney Companies Leases Another 5K SF in Long Island City
French Furniture Company Ligne Roset Opening Second NYC Location in Midtown East
Merit Beauty Signs 8K-SF Office Lease at 450-460 Park Avenue South
Paramount Closes TV Studio, Begins Major Layoffs Ahead of Skydance Merger
Emerald Creek Capital Lends $52M on Midtown East Condo Project
KeyBank Provides $94M Refi for 390-Unit Apartment Community in Tysons Corner
Apartment Complex in L.A.’s San Gabriel Valley Trades for North of $500K Per Unit
13th Floor Lands $83M to Build Apartments Next Door to Big Easy Casino
Naftali Credit Partners Provides $72M Construction Loan for Queens Luxury Condo
As Carbon-Cutting Tops ESG Priorities, Proptech Firms Pounce
Jamestown to Acquire $2B Atlanta Subsidiary of North American Properties
Fitness Chain Blink Files for Bankruptcy and Quickly Seeks Buyer
Manhattan Offices 29% Busier on Mondays Compared to Last Year
Citigroup Provides $47M to Finance Cocoa Grand Acquisition in Florida
U.S. REITs Raise $12.5B in Debt, $4.1B in Equity in Second Quarter
Reliable Properties Pays $20M to Complete L.A. Retail Assemblage
CMBS Loan on GMA-Anchored Times Square Office Property Enters Special Servicing
GFP and TPG Submit Plans for 800-Unit Office-to-Residential Conversion in FiDi
Related California Advances $3B Redevelopment in Orange County
Aby Rosen’s RFR Facing Foreclosure at 2 Additional NYC Retail Properties
Mercedes-Benz, Nine Left Capital Ink Deals at 27 West 24th Street
Developers Team With Airbnb Right From the Start to Fill Condos
Scale Lending Provides $75M Bridge Loan for New Jersey Multifamily
Walter & Samuels Sells 419 Park Avenue South to Elad Group for $72M
U.S. Treasury Department to Consolidate Two Agency Leases in D.C.
Lower Manhattan’s Hotel Occupancy Rate Hits Record High as Office Leasing Stalls
Developer Iadisernia Lands $85M to Finish First Condo Tower at Oasis Hallandale
FECR Lands Five New Tenants at 1101 Brickell in Downtown Miami
Cancer Research Firm Inspirna Leaving Manhattan for 7K-SF of Lab Space in Queens
Northern Manhattan’s Investment Sales Volume Skyrockets in First Half of 2024
Electrical Supplier WEC Inks 26K-SF Deal at Jamaica Warehouse
Civil Construction Firm E.E. Cruz Signs 22K-SF Lease at 14 Penn Plaza
Back-to-School Shopping Appears to Boost Malls’ Foot Traffic
Health-Conscious Café Pura Vida Opening First Brooklyn Location at 25 Kent
L.A. Court Approves Sale of 17 Affordable Skid Row Properties to Leo Pustilnikov
Long-Delayed Sunset Park Development Site Faces Seizure and Sale
Coworking Firm Jay Suites Lands Citi Loan for $35M Office Purchase
Meridian Capital Group’s Seth Grossman Co-Founding Green Pine Real Estate
Bank Hapoalim Provides $30M Construction Loan for UC Berkeley Student Housing
Wells Fargo Foreclosing on $55M Loan at Winter Properties’ 57 East 11th Street
DLC, Meadow Partners Snag Maryland Open-Air Retail Plaza for $69M
Bridge Investment Holdings Provides $50M Refi for North Carolina Apartments
Legalist Provides $50M Credit Facility to Bring Developer Past Chapter 11 Bankruptcy
Peachtree Group Supplies $44M Construction Loan on Indiana Apartments
Brookfield Takes Net Income Hit As Asset Manager Reaches $1T in AUM
Bill Ackman’s Pershing Square Moves to Take Howard Hughes Private
Cents, a Proptech Firm Aimed at the Garment Industry, Sews Up $40M
The Plan: The Ellery Tries to Bring a Little Zen to Hell’s Kitchen
NoVA’s Chuck Kuhn Buys 25-Acre Plot in Loudoun County, Va., for $60M
Hurley and Brookstone Manufacturer Signs 8K-SF Lease at 10 West 33rd Street
Piece of Cake Moving Scores Major Lease-to-Buy Deal at Long Island City Property
Deutsche Bank, JVP Management Lend Legion $195M on Upper East Side Condo
Industrial Sales in NYC’s Outer Boroughs Decline Even as Leases Skyrocket
Spa- and Salon-Booking Startup GlossGenius Takes 14K SF at 836 Broadway
Equity Residential Buys Apartment Portfolio From Blackstone for $964M
Brookfield Joins List of Companies With $1T in Assets Under Management
Nonprofit Legal Services Firm Access Justice Moving to 9K SF at 203 Jay Street
Midyear Data Shows Spike in CRE Modifications and Foreclosures
Columbia Pacific, Nuveen Green Capital Lend $48M on Seattle Area Townhomes Project
NYC to Invest $500M in East Bronx as Metro-North Rezoning Inches Closer to Reality
Hoteliers Ian Schrager and Ed Scheetz Land $121M Loan Toward West Hollywood Hotel
TSX Broadway Seized by Goldman-Led Consortium After L&L, Fortress Default
Centaur Holdings Lands $160M Loan for Second Phase of South Florida Luxury Community
Oxford Property Group and Norges Bank Close 120K SF in D.C. Lease Renewals
J.P. Morgan Provides Zucker Org $24M To Refinance UES Retail Condo
Vornado Sees Sunnier Days Ahead Despite Upcoming Office Vacancies Thanks to Retail
Fannie Mae Slashes Headquarters Space in Another Blow to D.C. Office Market
Simon Property Sees Gains in Second Quarter Thanks to Leasing and Occupancy
Michael Dell’s MSD Capital Nearing $1B CMBS Refi for Boca Raton Resort & Club
Starwood Property Trust’s Net Income Drops 49%, But Firm Remains Flush With Liquidity
Mack Real Estate’s Kevin Cullinan Joins Ohana Real Estate Investors
Architect Thomas Juul-Hansen’s Simple Designs Keep Him Very Busy
Proptech Firms Circle an Architecture Field Resistant to Technology
Vornado Joint Venture Sells Portion of 666 Fifth Avenue to Uniqlo for $350M
Former Trump International Hotel in D.C. Sold for $100M at Foreclosure Auction
As Global Stock Markets Nosedive, Heat Is On Fed to Cut Rates Deeply in September
Dwight Mortgage Trust Refis Michigan Apartments With $51M Loan
How Landlords Can Create a Campus-Like Experience Across Portfolios
Corporate Consultant F.W. Cook Moving to 11K SF at 505 Fifth Avenue
Michael Swerdlow Plans Thousands of Affordable Homes in Miami
Venture X Coworking Provider Signs 29K-SQ Lease in South Florida
Jonathan Rose Companies Renews 11K-SF Lease at 551 Fifth Avenue
Spotify Sheds More 4 World Trade Center Space in Sublease to StubHub
Ronnie Levine Leaves Meridian Capital Group to Start CRE Private Equity Firm
Diversifying Architecture’s Ranks: First, the Time It Takes to Train
Extreme Heat Means Tough Choices for New York City Building Owners
Developer Chuck Kuhn on Verge of Buying 225-Acre NoVA Development Site
Five Questions With Christina Crespi of the Miami Downtown Development Authority
ShopOne Buys Publix-Anchored Retail Mall for $36M in Tamarac, Fla.
Arbor Realty Trust Surpasses Earnings Expectations Despite Troubled Loans, Probe
TF Cornerstone Acquires Potential Resi Sites in Greenpoint for $175M
Newmark Reports Higher Revenue, Particularly From Investment Sales
Sunrise Realty Trust, Southern Realty Trust Provide $42M Refi on San Antonio Hotel
Former Partners Ben Mandell and Scott Sherman Buy Discounted Lincoln Road Properties
Bank United Supplies $24M Acquisition Loan on N.J. Retail Center
Women’s Shoe Seller Sam Edelman Renews 1325 Avenue of the Americas Offices
Morgan Stanley Provides $89M Refi for Refinery Hotel in Midtown Manhattan
Daiwa Capital Markets Relocating to 44K SF at 1251 Avenue of the Americas
TPG Provides $173M Bridge Financing for Brooklyn Multifamily Property
Brookfield Thinks Beyond Steel in One Liberty Plaza Lobby Revamping
Virtus Investment Partners Takes 41K SF at Paramount’s 1301 Avenue of the Americas
The Plan: An Italian Day Spa Bringing More Relaxation to Governors Island