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Sam Zell’s Equity Residential issues $400M in green bonds
News 5 days ago
Sam Zell’s Equity Residential issues $400M in green bonds

Sam Zell may be a bit skeptical about climate change, but he nonetheless may profit from it. Zell’s Equity Residential issued $400 million in green...

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Savanna purchases vacant DoBro lot next to Willoughby Street project
News 5 days ago
Savanna purchases vacant DoBro lot next to Willoughby Street project

Savanna has purchased a vacant lot in Downtown Brooklyn from the city for an unnamed price. The company bought 385 Gold Street from the city’s...

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Allianz looks to take 30% stake in massive Terminal Stores deal
News 5 days ago
Allianz looks to take 30% stake in massive Terminal Stores deal

L&L Holding Company and Normandy Real Estate Partners are about to get another partner on their massive Terminal Stores deal. Allianz Real Estate...

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These were the 10 largest Manhattan real estate loans in November
News 5 days ago
These were the 10 largest Manhattan real estate loans in November

The top 10 Manhattan loans recorded in November totaled $2.9 billion, with three loans worth more than $400 million for the first time this year....

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Stagg Group planning 102-unit resi property in the Bronx
News 5 days ago
Stagg Group planning 102-unit resi property in the Bronx

Mark Stagg’s Stagg Group is planning a 102-unit housing complex in the Wakefield section of the Bronx. The firm on Thursday filed permits for a...

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Kushner Companies bought $13M of NJ beachfront that qualifies for Opportunity Zone tax breaks
News 5 days ago
Kushner Companies bought $13M of NJ beachfront that qualifies for Opportunity Zone tax breaks

Kushner Companies will stand to gain significant tax benefits if it chooses to develop a piece of New Jersey beachfront located in an Opportunity...

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Related's Stephen Ross just picked up a condo in his firm's luxury Tribeca development
News 5 days ago
Related's Stephen Ross just picked up a condo in his firm's luxury Tribeca development

Related Companies’ chairman Stephen Ross bought a $6.9 million condominium on the fifth floor of his firm’s Tribeca development, property records...

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Hundreds of Sears stores could survive in “last-ditch effort” to save chain
News 5 days ago
Hundreds of Sears stores could survive in “last-ditch effort” to save chain

Hundreds of Sears stores across the U. S. could be saved in what one analyst called “a last-ditch effort” by company chairman Edward Lampert to buy...

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Dubai’s biggest developer is struggling to win over investors
News 5 days ago
Dubai’s biggest developer is struggling to win over investors

Shares of Emaar Properties PJSC, which developed the Burj Khalifa skyscraper, have plunged 39 percent this year, Bloomberg reported. It’s price-to...

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British toy store Hamleys close to inking 15-year lease at 2 Herald Square
News 5 days ago
British toy store Hamleys close to inking 15-year lease at 2 Herald Square

The British toy store Hamleys is close to opening its first store in the U. S. at SL Green’s 2 Herald Square. The 258-year-old toy seller would...

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JPMorgan wants less public space at its proposed Midtown tower
News 5 days ago
JPMorgan wants less public space at its proposed Midtown tower

JPMorgan Chase’s new headquarters at 270 Park Avenue is expected to stand 70 stories tall and span 2.5 million square feet. But the financial giant...

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Chinese investors sold $1B in US real estate in Q3
News 5 days ago
Chinese investors sold $1B in US real estate in Q3

Chinese investors keep retreating from the U. S. real estate market. They offloaded more than $1 billion in U. S. properties in the third quarter,...

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Investor Jay Schwimmer inks full-building lease for Moishe's bakery site
News 5 days ago
Investor Jay Schwimmer inks full-building lease for Moishe's bakery site

Investor Jay Schwimmer just inked a 21-year lease for the entire three-story East Village property that’s anchored by neighborhood institution...

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Kushner pays tenants $100K to cover for rent overcharges
News 6 days ago
Kushner pays tenants $100K to cover for rent overcharges

Kushner Companies agreed to pay five tenants at its Brooklyn property 89 Hicks Street a combined $100,000 to compensate them for alleged rent...

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Tallest resi building in Westchester sells for $259M
News 6 days ago
Tallest resi building in Westchester sells for $259M

The buyers are Harbor Group and Azure Partners A partnership between Harbor Group International and Azure Partners acquired the tallest residential...

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“It’s easy as hell and fun as f*ck”: Miami’s multiple listings service scandal revisited
News 6 days ago
“It’s easy as hell and fun as f*ck”: Miami’s multiple listings service scandal revisited

The Jills versus Kevin Tomlinson saga got the glossy treatment this week with a sprawling story offering a few new details on the case that...

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WeWork, local partner buy DC office building for $137M
News 6 days ago
WeWork, local partner buy DC office building for $137M

A WeWork-affiliated real estate fund is buying a Washington, D. C. office building in partnership with Meridian Group for $136.5 million. WeWork...

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Affiliate of Kaled Management agrees to pay tenants of J-51 building $850K
News 6 days ago
Affiliate of Kaled Management agrees to pay tenants of J-51 building $850K

Tenants at a Murray Hill apartment building will receive $850,000 in rent refunds following a settlement they reached with their landlord Hewlett...

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With $6.8B Forest City deal set to close, Brookfield says it's now the biggest commercial landlord in town
News 6 days ago
With $6.8B Forest City deal set to close, Brookfield says it's now the biggest commercial landlord in town

Brookfield Asset Management is expected to close on its $6.8 billion purchase of Forest City Realty Trust by the end of this week, making the...

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Here's what the $10M-$20M NYC investment sales market looked like last week
News 6 days ago
Here's what the $10M-$20M NYC investment sales market looked like last week

In the world of mid-market New York City investment sales last week, the estate of a late Pop artist sold its Tribeca property and Wallack...

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Westchester & Fairfield Cheat Sheet: Anne Hathaway sells Westport mansion, Yonkers firm plans co-working and ax throwing spaces … & more
News 6 days ago
Westchester & Fairfield Cheat Sheet: Anne Hathaway sells Westport mansion, Yonkers firm plans co-working and ax throwing spaces … & more

Clockwise from top left: Anne Hathaway and husband sell their Westport mansion for $2.7M, four Fairfield County zip codes land on a list of the 100...

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Innovo in contract to buy LIC industrial site for $75M
News 6 days ago
Innovo in contract to buy LIC industrial site for $75M

Andrew Chung’s Innovo Property Group is in contract to buy the old warehouse of online grocer FreshDirect in Long Island City for about $75 million...

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City Planning approves controversial trio of resi towers in Two Bridges
News 6 days ago
City Planning approves controversial trio of resi towers in Two Bridges

After a bitter and drawn-out review process, the city approved a trio of large-scale residential towers on the Lower East Side waterfront on...

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Brooklyn North Capital, RiverBrook land $46M loan for Kips Bay condo project
News 6 days ago
Brooklyn North Capital, RiverBrook land $46M loan for Kips Bay condo project

UPDATED, Dec. 5, 12:50 p.m.: Brooklyn North Capital and RiverBrook Equities secured a $46 million acquisition and construction loan for their Kips...

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California firm to buy Billy Macklowe's Midtown office tower for $130M
News 6 days ago
California firm to buy Billy Macklowe's Midtown office tower for $130M

Billy Macklowe and a partner are in contract to sell a 186,000-square-foot Midtown office tower to a Californian real estate investment firm for ...

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Despite an
News 6 days ago
Despite an "overheated" market, Bank of America is ramping up its CRE exposure

As New York’s commercial real estate market continues to heat up, Bank of America is going headfirst into the market after holding off large...

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Adam Neumann-backed hotel and co-working company Selina expands to NYC
News 6 days ago
Adam Neumann-backed hotel and co-working company Selina expands to NYC

Selina, a hotel and co-working company that counts WeWork’s founder Adam Neumann among its investors, is opening its first New York City location....

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Watch: The 5 biggest projects coming to NYC
News 6 days ago
Watch: The 5 biggest projects coming to NYC

After not having any of the 10 biggest permit filings in October, Manhattan returned with the two largest real estate projects last month. In this...

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Lightstone pays $57M for future site of LES Moxy hotel
News 1 week ago
Lightstone pays $57M for future site of LES Moxy hotel

Lightstone Group paid $56.6 million for the future site of a Lower East Side Moxy Hotel. The firm acquired 151-153 Bowery and 331-337 Broome Street...

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Extell Development pays $63M for Diamond District parcel
News 1 week ago
Extell Development pays $63M for Diamond District parcel

Gary Barnett’s Extell Development has spent $62.5 million to purchase 572 Fifth Avenue in what appears to be part of the firm’s assemblage play in...

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