Deals & Dealmakers
Columbia, Normandy partner on Tribeca office venture
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The partners plan to redeveloped the vacant 250 Church building as a modern offices. 250 Church Street, a 16-story, 237,000 s/f office building located
Deals & Dealmakers
2019 YEAR IN REVIEW: Industry endures annus horribilis as rules are re-written
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By Sabina Mollot 2019 was a year that saw the enactment of the strongest rent regulations in history, a kiss-off to the entire City of New York from an
Deals & Dealmakers
The 50 biggest NYC office sales of 2019
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30 Hudson Yards 2019 turned into a pretty good year for New York City’s investment sales sector. Rising rents stoked investors appetite not only
Deals & Dealmakers
SELLING POINTS: Innovo pays $54M for Bronx warehouse
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● PINNACLE REALTYInnovo pays $54M for Bronx warehouse Innovo Property Group (IPG), a real estate investment and operating company founded by Andrew Chung
Deals & Dealmakers
$460M loan secured for Pacific Park
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18 Sixth Avenue Greenland Forest City Partners and The Brodsky Organization have closed on $460 million of construction financing for 18 Sixth Avenue (parcel
Deals & Dealmakers
TRANSACTIONS: GCP arranges $76,280,000 of mortgage financing
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Meridian Capital announced the following transactions: • A new mortgage in the amount of $13,000,000 on a 242-unit cooperative property located
Deals & Dealmakers
Apartment-hotel brand raises $100M to fund growth in US, international hospitality sectors
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Domio, the New York-based apartment-hotel brand, has raised $100 million in Series B funding. The equity round was led by GGV Capital in August 2019, with
Deals & Dealmakers
Fresh food delivery demand drives cold storage investment
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Bridge Development Partners and PGIM Real Estate, the global real estate investment management business of Prudential Financial, Inc., have launched a
Deals & Dealmakers
Family sells Chelsea gallery building
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A Chelsea building west of the High Line that is home to a handful of art galleries has been sold for $72.5 million to the Feil Organization and Rigby
Deals & Dealmakers
NYC calls a halt to sending its homeless population to Newark
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New York City has agreed to a temporary pause on its policy of sending its homeless to live in Newark, NJ. After seven hours of discussion between the
Deals & Dealmakers
Rent rules facing second lawsuit
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A second lawsuit has been filed against New York’s Housing Stability and Tenant Protection Act (HSTPA). The Building and Realty Institute (BRI) of Westchester
Deals & Dealmakers
Leary watching landscape change, business grow
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Brian Leary For Brooklyn-born Brian Leary, home is where the business is. “Brooklyn is 80 square miles and a few million people in population,” he said.