Deals & Dealmakers
Hines sells office assets to Blackstone for $1.16B
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Hines Real Estate Investment Trust has completed the sale of seven West Coast office assets to a Blackstone affiliate for $1.162 billion.
Deals & Dealmakers
Twitter extends lease for Chelsea building
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Columbia Property Trust signed a five-year extension of its lease to Twitter for all of the office space at 249 West 17th Street, a boutique Class-A office
Deals & Dealmakers
Seven-story tower to replace Hurricane Sandy-damaged West Village building
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A seven-story apartment tower will soon replace a Hurricane Sandy-damaged building. SoHo-based firm Galahad Advisers has filed plans to build a 14,945
Deals & Dealmakers
BBG buys New York appraisal firm as valuation industry keeps consolidating
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Consolidation continues to reshape the commercial appraisal industry as BBG, a national advisory, has purchased Jerome Haims Realty, an independent New York firm.
Deals & Dealmakers
Eastern Consolidated arranges $63.6M Inwood multifamily portfolio sale
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Eastern Consolidated has arranged the sale of the Inwood Portfolio, a 13-building multifamily package in the Inwood section of Manhattan, for $63.
Deals & Dealmakers
Workforce housing positioned to outperform market
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Strong market fundamentals are attracting a wide variety of investors to workforce housing, creating good returns and helping to preserve affordable accommodation
Deals & Dealmakers
TRANSACTIONS: Meridian finances $9.5M Brooklyn multifamily, GCP arranges $20M loan in East Village
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Eastern Union Funding announced the following transactions: A $24,320,000 first lien mortgage for the construction of a 210-unit multifamily on Challenger
Deals & Dealmakers
New cocktail lounge for Harlem’s restaurant row
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Art in a glass is being added to the menu on Harlem’s Restaurant Row. Mixologist Ektoras Binikos – who has created specialty drinks for a slew of high
Deals & Dealmakers
Selling points: Nelson offering a Beekman bargain, Longtime owner selling Chelsea building
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Cushman & Wakefield Nelson offering a Beekman bargain A FiDi site that could hold a 64,000 s/f mixed use tower is a bargain at $625 per building square foot.
Deals & Dealmakers
Landlords threaten court action after two-in-a-row rent freeze
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A week after defeating the cityʼs water board in court, the RSA has warned it is prepared to go back to the judiciary to fight this weekʼs proposed rent
Deals & Dealmakers
Madison Realty buys Jamaica, Queens industrial buildings for $78M
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Madison Realty Capital (MRC), an institutionally-backed real estate investment firm, announced the acquisition of two adjacent industrial buildings, with
Deals & Dealmakers
Father and son brokers have clan-do attitude
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Like son, like father. There are many family dynasties within the New York real estate world, but few can say it was the kid who roped the parent into the business.