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Progress Capital Arranges $50M Loan for Bronx Charter School
News 1 day ago
Progress Capital Arranges $50M Loan for Bronx Charter School

NEW YORK CITY - Progress Capital has secured a $50 million construction loan for the Ruppert Ice House in the Mott Haven neighborhood of the Bronx....

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Naftali Group Closes on Williamsburg Site for $103M
News 2 days ago
Naftali Group Closes on Williamsburg Site for $103M

BROOKLYN, NY-Naftali Group has acquired a large developable site on the Williamsburg waterfront for $102.38 million. The privately-held firm,...

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Landlords Sue Over Cuomo's Order Extending Eviction Moratorium During Pandemic
News 5 days ago
Landlords Sue Over Cuomo's Order Extending Eviction Moratorium During Pandemic

A group of landlords in Westchester County on Thursday sued New York Gov. Andrew Cuomo over his executive order extending a moratorium on evictions...

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Paramount Sells 10% Stake in 1633 Broadway
News 5 days ago
Paramount Sells 10% Stake in 1633 Broadway

NEW YORK CITY-Paramount Group has completed the sale of a 10% interest in 1633 Broadway, a 2.5 million square foot trophy office building located...

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Colliers International Sees Sharp Increase in Office Vacancies
News 1 week ago
Colliers International Sees Sharp Increase in Office Vacancies

The coronavirus has forced Colliers International to make "adjustments" that counterbalance present and the future negative trends that the...

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Defending Against the Strict Liability of New York’s 'Scaffold Law'
News 1 week ago
Defending Against the Strict Liability of New York’s 'Scaffold Law'

Defending Against the Strict Liability of New York's 'Scaffold Law' New York's "Scaffold Law", Labor Law §240(1), is a strict (absolute) liability...

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Upper East Side Gallery Argues Force Majeure To Get Its Deposit Back
News 1 week ago
Upper East Side Gallery Argues Force Majeure To Get Its Deposit Back

NEW YORK CITY-The Venus Over Manhattan gallery on the Upper East Side is arguing that when Gov. Andrew M. Cuomo ordered nonessential businesses to...

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New York City’s Budget Office Expects Sharp Decline in Real Estate Sales
News 1 week ago
New York City’s Budget Office Expects Sharp Decline in Real Estate Sales

NEW YORK CITY-New York City's Independent Budget Office has understandably had to make some revisions to its pre-COVID budget and among the changes...

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Knakal, Eastern Consolidated Alum Launch Development Site Advisors
News 1 week ago
Knakal, Eastern Consolidated Alum Launch Development Site Advisors

NEW YORK CITY-Lev Kimyagarov and Rubin Isak, former senior directors at Massey Knakal Realty Services/Cushman & Wakefield and Eastern Consolidated...

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Questions New York's CRE Companies Have for Their Accountants
News 2 weeks ago
Questions New York's CRE Companies Have for Their Accountants

NEW YORK CITY-The pandemic has caused a level of economic disruption never seen before. Not surprisingly, real estate companies have many questions...

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Midtown Ranks No. 2 in Long-Term Attractiveness for Global Business
News 2 weeks ago
Midtown Ranks No. 2 in Long-Term Attractiveness for Global Business

NEW YORK CITY-New York's Midtown district landed on the No. 2 spot of a global ranking of cities that are attractive to global business in the long...

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BRP Cos. Seeks JV Equity Financing for Queens OZ Project
News 2 weeks ago
BRP Cos. Seeks JV Equity Financing for Queens OZ Project

QUEENS, NY⁠-BRP Cos.is seeking investors to provide joint venture equity financing for the construction of a 24-story residential project located...

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Survey Takes Pulse of New York City Real Estate Professionals
News 2 weeks ago
Survey Takes Pulse of New York City Real Estate Professionals

NEW YORK-Commercial real estate was hit hard by the coronavirus early on, introducing an unprecedented level of disruption. To find out how...

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Manhattan Apartment Leasing Activity Declined At Record Rates In April
News 2 weeks ago
Manhattan Apartment Leasing Activity Declined At Record Rates In April

NEW YORK CITY-Last month Manhattan posted the lowest total of new leases in a decade and the most significant percentage decline ever, according to...

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PMG’s First Affordable Housing Project is a $35M JV in Queens
News 2 weeks ago
PMG’s First Affordable Housing Project is a $35M JV in Queens

NEW YORK-National real estate developer PMG has announced its first project for its recently-formed affordable housing division-a $35 million...

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New York State Bar Convenes Working Group for Landlord-Tenant Disputes
News 3 weeks ago
New York State Bar Convenes Working Group for Landlord-Tenant Disputes

NEW YORK-The New York State Bar Association has convened a landlord-tenant working group that will help the state's courts deal with an anticipated...

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Commercial Landlord-Tenant Issues During The Pandemic
News 3 weeks ago
Commercial Landlord-Tenant Issues During The Pandemic

After several weeks of restrictive measures implemented to mitigate the effects of the coronavirus (COVID-19) pandemic-including the closure of non...

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Eastern Union Launches Distressed Note Initiative
News 3 weeks ago
Eastern Union Launches Distressed Note Initiative

BROOKLYN, NY⁠-Eastern Union has launched a distressed notes initiative that will identify investors interested in purchasing lenders' troubled...

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New York City’s Restrictions Will Last Until At Least June
News 3 weeks ago
New York City’s Restrictions Will Last Until At Least June

NEW YORK CITY-Hopes that New York City would soon begin to lift the Covid-19 restrictions were dashed by Mayor Bill de Blasio at a press conference...

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Bridge Investment Group Supplies $45M in JV Equity for Seattle Development
News 3 weeks ago
Bridge Investment Group Supplies $45M in JV Equity for Seattle Development

NorthMarq, one of the nation's largest commercial real estate mortgage banking firms, has secured $45 million in joint venture equity for the...

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Manhattan Landlord Sues The Gap Over Unpaid Rent Amid Pandemic
News 3 weeks ago
Manhattan Landlord Sues The Gap Over Unpaid Rent Amid Pandemic

A New York commercial landlord has sued The Gap Inc. in Manhattan federal court over the San Francisco-based retailer's failure to pay rent on its...

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CBRE Named Exclusive Leasing Agent for Retail-to-Industrial Redevelopment
News 4 weeks ago
CBRE Named Exclusive Leasing Agent for Retail-to-Industrial Redevelopment

WESTBURY, NY - Sanders Equities has retained CBRE as the exclusive leasing agent for its 192,000-square foot building in Westbury, NY. Situated on...

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Mayor Says Freeze, Owners Say Raise: A Battle Over Rent in Post-COVID New York
News 4 weeks ago
Mayor Says Freeze, Owners Say Raise: A Battle Over Rent in Post-COVID New York

Rent has been on many a New Yorker's mind as the COVID-19 pandemic has grown in strength. New York City Mayor Bill de Blasio has called for rents...

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A&G Real Estate Partners Adds Structured Investment Sales Division
News 4 weeks ago
A&G Real Estate Partners Adds Structured Investment Sales Division

MELVILLE, NY-A&G Real Estate Partners has created a Structured Investment Sales Division, recruiting a four-person team led by industry veteran...

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Apartment List Releases New York May Rent Report
News 4 weeks ago
Apartment List Releases New York May Rent Report

NEW YORK CITY - Apartment List has released its May 2020 rent report for the city of New York. Within the report, Apartment List provides data...

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Interest Was High In This Upper East Side Retail Condo
News 1 month ago
Interest Was High In This Upper East Side Retail Condo

NEW YORK-A retail condominium unit in Manhattan's well-to-do Upper East Side fetched $28.712 million, according to Avison Young, which represented...

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Cuomo Dismisses Rental Assistance Idea Amid Coronavirus Pandemic
News 1 month ago
Cuomo Dismisses Rental Assistance Idea Amid Coronavirus Pandemic

New York Gov. Andrew Cuomo on Thursday brushed off the idea that New York should provide rental assistance amid the coronavirus crisis. The third...

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Newmark Slashes Exec Pay, Following Other Commercial Real Estate Players
News 1 month ago
Newmark Slashes Exec Pay, Following Other Commercial Real Estate Players

NEW YORK-Newmark Group is among the latest commercial real estate companies to announce deep pay cuts for top executives in order to conserve cash....

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Tavros, Charney Venture Acquires Brooklyn Development Assemblage
News 1 month ago
Tavros, Charney Venture Acquires Brooklyn Development Assemblage

NEW YORK CITY-A three-lot development property assemblage in the Gowanus section of Brooklyn in a qualified opportunity zone has changed hands in a...

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$128M Warehouse Project to Be Developed in Queens
News 1 month ago
$128M Warehouse Project to Be Developed in Queens

QUEENS, NY-There's a new warehouse coming to Queens. Township Capital Inc., along with partners Triangle Equities Development Co. and L&B Realty...

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