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CHARLOTTE, N.C. — New York-based Tishman Speyer has purchased Berkshire Dilworth, a 296-unit apartment community located at 1351 E. Morehead St. in Charlotte. Berkshire Residential sold the property to Tishman Speyer’s TS Plus fund for $76.3 million, according to the Charlotte Business Journal. The community is…
PAWTUCKET, R.I. — New York City-based Global Asset Management Group (GNAM) is underway on the $92 million redevelopment of the 386,404-square-foot former Memorial Hospital campus in Pawtucket, located just north of Providence. Plans currently call for approximately 200 residential units, including both market-rate…
NEW YORK CITY — JPMorganChase has announced it will deploy $750 billion to support affordable housing production through 2035. Called the American Dream Initiative, the $750 billion commitment will serve… The post JPMorganChase Commits $750B to Increase Housing Supply appeared first on Multifamily & Affordable…
For 18 years, part of the New York City team at national architecture firm Corgan has called the 54th floor of the Empire State Building home. But, after nearly two decades, even an office in a building as iconic as that one needs a good sprucing up. Corgan’s footprint in the Empire State Building went […]
LM Real Estate Partners acquired Smyrna's 3M industrial property for $27M, reflecting a 40% price surge.
AmTrustRE has signed the New York City Taxi and Limousine Commission (TLC) to 39,000 square feet at 250 Broadway for its new headquarters. Occupancy is expected in Q1 2027. “We’re proud to welcome the Taxi and Limousine Commission to 250 Broadway as they establish their new headquarters,” said Jonathan Bennett,…
Wafra Inc., a New York-based alternative investment firm, announced the acquisition of Brownsburg Logistics Park Portfolio, a three-building industrial portfolio totaling 899,080 square feet in Brownsburg, Indiana. Funds advised by Wafra are acquiring the assets from a venture between Scannell Properties, an…
Why did the chicken cross the continent? To get to new customers on the other side. Popular fast-casual grilled chicken restaurant El Pollo Loco has signed a lease to open its first-ever East Coast location in New York City, Commercial Observer has learned. El Pollo Loco signed a 10-year lease for 2,400 square feet…
NEW YORK CITY — Walker & Dunlop has arranged a $137.5 million loan for 12 Halsey, 240-unit apartment building in Brooklyn’s Bedford-Stuyvesant neighborhood. Completed last fall, 12 Halsey occupies a full city block and offers studio, one- and two-bedroom units, 30 percent of which are reserved as affordable…
GREENWICH, CONN. — The Richman Group, a multifamily owner and operator based in Greenwich, has obtained loans for the refinancing of three luxury apartment communities in Florida totaling approximately $225 million. The deals include a $107 million loan via New York Life Investment Management (NYLIM) for The Marc…
A $506 million CMBS backed by New York rent-stabilized apartments faces foreclosure as Mayor Mamdani's rent freeze threatens to deepen bondholder losses. The post New York Rent Freeze Deepens CMBS Losses on Stabilized Housing Portfolio appeared first on Propmodo .
BUFFALO, N.Y. — The Habitat Co., along with partners Duvernay + Brooks and Bridges Development, an affiliate of the Buffalo Municipal Housing Authority, has started construction of the first phase… The post Habitat Starts Construction of First Phase of $600M Affordable Housing Redevelopment in Buffalo, New York…
The dispute resolution firm is taking 55K SF at 3 Times Square.
A development team of Slate Property Group, The Hudson Companies and Volunteers of America–Greater New York was selected to build nearly 1,000 apartments on a long-vacant lot in the Hunter’s Point South neighborhood of Long Island City, Queens. To be known as The Orion, the three-building, $700-million project…
LMXD and BedRock Real Estate Partners have closed on a $250 million loan to facilitate the purchase and construction of a housing development in Astoria, Queens, Commercial Observer has learned. The financing from New York Life Investment Management gets the wheels turning on the development of 560 mixed-income…
Mediation firm JAMS — the name is an abbreviation of judicial arbitration and mediation services — is relocating its New York Resolution Center to the top two floors of Rudin’s 3 Times Square. The global provider of alternative dispute resolution services plans to take up 55,335 square feet across the Midtown…
PARAMUS, N.J., Aug. 03, 2026 (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended June 30, 2026 today and reported:
NEW YORK CITY — London-based real estate brokerage firm Savills has completed its $1.1 billion acquisition of global advisory firm and real estate investment bank firm Eastdil Secured. The transaction was first announced in March, and the new company will be rebranded as Eastdil Secured Savills. Under the terms of…
NEW YORK CITY — A joint venture between locally based developer Lonicera Partners, New York-based investment firm Rabina and Boston-based owner-operator The Davis Cos. has begun leasing a 43-story apartment tower at 55 Willoughby St. in downtown Brooklyn. Designed by Colberg Architecture and known as House 55, the…
NEW YORK CITY — A partnership between A.M. Property Holding Corp., Axonic Capital and Platinum Properties is underway on the renovation of 11 Bryant Park Plaza, a 22-story office building in Midtown Manhattan. Designed by Spectorgroup, the renovation will involve the upgrading of existing office suites and the…
NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has arranged the $15.7 million sale of a multifamily development site in the Gowanus area of Brooklyn. The site is an assemblage of the parcels at 418 4th Ave., 416 4th Ave., 246 7th St. and 244A 7th St. and can support 57,640 buildable square…
Image Favorable supply and demand dynamics drive strong performance metrics for this new REIT.
New York City’s office-to-residential boom has been operating under a microscope for the past month, and that’s simply because office buildings have become too valuable to get wrong. That notion was on display again this week when the Department of Buildings issued a partial stop-work order at SL Green’s conversion…
Lee & Associates NYC announced that Treeswift Inc., an AI-powered infrastructure technology company helping electric utilities modernize field operations, has relocated its New York headquarters to 256 W. 38th St. after signing a four-year, full-floor lease for 7,487 square feet. The Philadelphia-based tenant is…
New York State Homes and Community Renewal (HCR) Commissioner RuthAnne Visnauskas announced that the first project under the Housing Acceleration Fund launched last year has closed on construction financing. North White Plains, a $178-million mixed-use transit-oriented development in Westchester County and located…
CW Realty Group closed on a deal to acquire a parking facility in Downtown Brooklyn, Commercial Observer has learned. Cheskie Weisz’ CW Realty entered into a contract to purchase 55 Smith Street in December from New Jersey-based firm Edison Properties, Crain’s New York Business reported at the time. The sale closed…
Kimco Realty went on a $109 million grocery-anchored shopping spree in Broward County, picking up a pair of retail centers from KPR Centers. The Jericho, New York-based real estate giant dropped $56 million for Sunshine Plaza in Tamarac and $53 million for Pompano Marketplace in Pompano Beach, records show. The…
You’re currently enjoying free access to this subscriber-only newsletter. If you find it valuable and want it delivered to your inbox every week, subscribe to TRD Data. Welcome to The Data Drop by TRD Data, a weekly look at the numbers shaping real estate. The New York City Department of Finance last week released…
FOLSOM, CALIF. — USA Properties and Strand Financial has sold Talavera, a 293-unit apartment property in Folsom, located outside of Sacramento. New York-based Sentinel Real Estate acquired the property for an undisclosed price. Marc Ross, Eli Hanacek, Joe McNamara and Claire Holt of CBRE represented the sellers in…
NEW YORK CITY — National construction firm JT Magen has completed a 42,000-square-foot office project in Midtown Manhattan that is a build-to-suit for auction house Bonhams. Bonhams is relocating from a 32,000-square-foot space at 580 Madison Avenue to the four-story space at 111 W. 57th St., which will serve as…
WEST CALDWELL, N.J. — CBRE has arranged a $30.7 million loan for the refinancing of The Vail, a 92-unit apartment building in West Caldwell, about 25 miles outside of New York City. The Vail offers a mix of studio, one- and two-bedroom units, 20 percent of which are reserved as affordable housing, that feature…
FOLSOM, CALIF. — USA Properties and Strand Financial has divested of Talavera, a 293-unit apartment property in Folsom. New York-based Sentinel Real Estate acquired the asset for an undisclosed price. Marc Ross, Eli Hanacek, Joe McNamara and Claire Holt of CBRE represented the sellers in the deal. According to…
New York-based Sentinel Real Estate Corp. closed on the $102.5 million purchase of Folsom’s 293-unit Talavera Apartments, landing the largest local multifamily transaction of the year in a market where deal volume and pricing have both cooled. Sentinel closed escrow July 20 on Talavera, a market-rate community at…
NEW YORK CITY — Eastman Residential and Triangle Capital Group have acquired a three-property portfolio of former student housing communities that will be converted to conventional multifamily assets. JLL arranged… The post JV Secures $38.4M to Acquire Three Former Student Housing Properties appeared first on…
GFP Real Estate announced today that New York-based law firm Kelman Winston & Vallone PC has signed a five-year, four-month lease for 2,695 square feet at 520 Eighth Ave. Kelman Winston will relocate to newly improved office space on the 14th floor, previously occupied by LightbulbLive. The move will provide the…
This TLC wasn’t exactly chasing waterfalls, just a new office. The New York City Taxi and Limousine Commission is relocating to AmTrustRE’s 250 Broadway across the street from City Hall Park in Manhattan’s Financial District, the property owner announced Thursday. The TLC is relocating its headquarters from another…
Newmark arranged the $89-million sale of Emblem Health Hub Medical Office Building, a 140,000-square-foot, trophy-quality MOB located at 101 Pennsylvania Ave. in Brooklyn’s East New York neighborhood. Vital Infrastructure Property Trust, a Canada-based global healthcare infrastructure REIT, acquired the property…
New York City’s declines in international tourism over the past year since President Donald Trump assumed office are starting to affect Empire State Realty Trust (ESRT)’s finances. The real estate investment trust (REIT) reported second-quarter funds from operations (FFO) of $57 million, or 21 cents per share,…
MIDDLETOWN, N.Y. — New Jersey-based financial intermediary Cronheim Mortgage has arranged $75 million in financing for Orange Plaza, an 811,272-square-foot retail power center in Middletown, about 75 miles northwest of New York City. Walmart, Home Depot, Kohl’s and Burlington are the anchor tenants at Orange Plaza,…
NEW YORK CITY — Marcus & Millichap has brokered the $7.5 million sale of a multifamily property in the Times Square submarket of Midtown Manhattan. The two-building, 12,675-square-foot property at 140-142 W. 46th St. houses six market-rate apartments, five rent-stabilized apartments and a 5,200-square-foot vacant…
VALLEY COTTAGE, N.Y. — Reliable Sprinkler has signed a 44,000-square-foot industrial lease in Valley Cottage, about 35 miles north of New York City. The distributor of fire protection products is taking space within Lincoln Logistics Rockland, a facility that features a clear height of 36 feet, 34 dock doors and…
AI customer to lease up to 3.8MW at 60 Hudson in NYC
Baron Property Group secured a $226.5 million refinancing for an apartment development in Hialeah that’s nearly 50 percent leased. Madison Realty Capital and Yellowstone Real Estate provided the refinancing to the New York- and Miami-based developer for the 559-unit Metro Parc complex at 952 East 26th Street, which…
New York City’s Department of Buildings (DOB) has halted construction work at the third office-to-conversion project in Manhattan this month. The DOB issued a partial stop-work order at SL Green Realty’s $805 million conversion project at 750 Third Avenue in Midtown East, which is set to result in 680 residential…
JLL has completed 24,107 square feet of leasing activity at 757 Third Ave. The leasing activity comes as New York Life continues to enhance the Midtown East office property with planned cosmetic renovations to the lobby and the rollout of a new prebuilt office program. Rectn leases include the following: ●…
Marcus & Millichap Capital Corporation (MMCC) arranged $9,790,000 in financing for the acquisition of a 13,575-square-foot mixed-use multifamily and retail property located at 235-237 Kent Ave. in Brooklyn’, New York’s Williamsburg neighborhood. Bradley Buzil, senior director in MMCC’s Los Angeles office, secured a…
CBRE arranged the sale of Talavera, a 293-unit apartment community in Folsom, to New York-based Sentinel Real Estate. Talavera was the first asset to become available in the Folsom submarket in four years. CBRE’s Marc Ross, Eli Hanacek, Joe McNamara and Claire Holt represented the sellers, USA Properties & Strand…
An artificial intelligence-driven infrastructure technology company is relocating its offices to Midtown. Philadelphia-based Treeswift signed a four-year, 7,487-square-foot lease on the entire 11th floor of the Hakimian Organization’s 256 West 38th Street in an expansion of its New York City operations, according…
Get a little place in Harlem and you’ll figure it out. Developers Richman Group and Monadnock Development — in a joint venture — have filed plans with the New York City Department of Buildings (DOB) to construct a 420-unit residential building at 243 East 125th Street in Manhattan’s East Harlem neighborhood. The…
NEW YORK CITY — St. John’s University has sold its Staten Island Campus to Wagner College, whose main campus is located about a quarter of a mile away. The sales price was not disclosed, but the asking price was $35 million. The campus was originally the home of Notre Dame College, an independent women’s college…
MERRILLVILLE, IND. — Colliers has arranged the sale of The Ridge Apartments in Merrillville within Northwest Indiana. Bryce Wetzel, Tyler Hague, Lauren Stoliar and Ryan Roegner of Colliers represented the owner, Parkmont Group, a real estate investment and operating firm based in New York. Originally developed…
New York City's small businesses having trouble navigating the squeeze of rising rents, dwindling availability and soaring expenses are getting a boost from the city.
Sky Equity Group, the New York City-based real estate development firm founded by Simon Dushinsky, one of New York’s most active developers, has launched vertical construction at 65 Franklin St., an upcoming luxury condominium in Manhattan’s Tribeca neighborhood. With foundation work complete, the 24-story tower is…
Law firm Simpson Thacher & Bartlett appears poised to sign one of Washington, D.C.’s largest office leases of the year, but the deal may have been disclosed ahead of schedule. The company was said to be “at lease” for 200,000 square feet at Amancio Ortega’s 1445 New York Avenue, Bisnow reported. The deal was…
Cerberus Capital Management has acquired a $1.3-billion loam book with heavy exposure to rent-regulated apartments in New York City, Bloomberg News reported. The seller was OceanFirst Financial Corp., which priced the loans at about 92 cents on the dollar. With about $736 million of the $1.3-billion portfolio tied…
New York City’s office-to-residential conversion wave hit another snag less than a month after columns buckled during an apartment transformation project at the former Pfizer headquarters in Midtown. Construction was halted last week by New York City’s Department of Buildings (DOB) at 222 Broadway in the Financial…
NEW YORK CITY — JLL has arranged a $58 million loan for the refinancing of 1333 Broadway, a mixed-use property in the Bushwick neighborhood of Brooklyn. Completed in April, the 20-story, 97,526-square-foot building houses 74 market-rate apartments, 32 affordable apartments and 29,000 square feet of commercial…
NEW YORK CITY — Howden has signed a 31,519-square-foot office lease in Midtown Manhattan. The global insurance brokerage firm is taking space on the 53rd floor at One Five One, a 1.8 million-square-foot tower located at 151 W. 42nd St. Sheena Gohil, Bob Rosenthal and Jack Senske of Colliers represented Howden in…
NEW YORK CITY — Cushman & Wakefield has negotiated a 14,000-square-foot office lease at 685 Third Avenue in Midtown Manhattan. The tenant, law firm Gallet Dreyer & Berkey LLP, will occupy the 28th floor of the 31-story tower, which recently underwent renovations. Garrett Varricchio, Mark Weiss and Michael Montesi…
YONKERS, N.Y. — Titan Real Estate Development has broken ground on Park Square Yonkers, a $185 million development at 1 Loehr Place in Yonkers. The seven-story project will feature a… The post Titan Real Estate Development Breaks Ground on $185M Park Square in Yonkers, New York appeared first on Multifamily &…