Ponce Bank Lends $50M for Canarsie Apartments

Jul 17, 2026

Midwood Group has landed $50 million of construction financing to build a multifamily project in Brooklyn, Commercial Observer has learned. Ponce Bank supplied the loan for the ground-up development of two contiguous apartment buildings with 99 units each at 937 East 108th Street and 951 East 108th Street in…

Capital Markets Multifamily Debt & Financing U.S. National New York

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If New York’s Rent Guidelines Board Ignores Its Own Data, Why Do We Need It?

The New York City Rent Guidelines Board’s decision to impose the first-ever two-year freeze on rent-stabilized apartments raises a simple question: Why commission months of economic research if you’re going to ignore it? Or put another way: If the Rent Guidelines Board (RGB) ignores its own data, why do we need the…

Capital Markets

Multifamily

U.S. National

New York

Posted today·Published Jul 17, 2026Read

Commercial Observer

Greystone Real Estate Capital Closes $137M Affordable Housing Development Fund

Capital MarketsAffordable HousingU.S. NationalNew York

Posted today·Published Jul 17, 2026Read

Commercial Observer

New Empire Corporation Buys Midtown Parking Garage for $33M

Bentley Zhao’s New Empire Corporation, a New York City-based developer of residential mixed-use buildings, dropped $33.5 million to acquire a Midtown parking garage at 10 East 30th Street, according to a deed filed in property records on Thursday. The purchase, made through the entity Rolls Yacht Tower Management,…

Capital MarketsU.S. NationalNew York

Posted today·Published Jul 17, 2026Read

Commercial Observer

Greystar Sells Virginia Apartment Tower for $216M

Capital MarketsMultifamilyU.S. NationalNew York

Posted today·Published Jul 16, 2026Read

Commercial ObserverNews

NYC Council Approves Monitor Point and Six Other Housing Developments

Capital MarketsU.S. NationalNew York

Posted today·Published Jul 16, 2026Read

Commercial Observer

New York City Hotels Are Still Struggling to Regain Pre-Pandemic Numbers

This is a market report published by Commercial Observer in July 2026 examining the hotel sector in New York City and its recovery trajectory relative to pre-pandemic performance levels. The report addresses capital markets and hospitality sector dynamics in New York.

Capital MarketsHospitalityU.S. NationalNew York

Posted today·Published Jul 16, 2026Read

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