Deals & Dealmakers
Fortress closes on $200M deal for Palace Theater retail units
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Fortress Investment Group has purchased two commercial condo units at the historic Palace Theater in Times Square for $200 million. Photo via Randy Lemoine/
Deals & Dealmakers
Gilmartin starts new firm with L&L Holding
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Forest City Realty Trust this week sold the bulk of its stake in the Pacific Park development to its Chinese partners as the companyʼs longtime executive
Construction & Design
REBNY releases own construction safety plan to oppose City Council bill
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The Real Estate Board of New York is going beyond passively condemning a union-backed City Council bill that aims to heighten training standards for construction workers.
Deals & Dealmakers
Kushner closes $4B deal with Chinese insurers to refinance 666 Fifth Avenue
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Kushner Companies, the firm owned by the family of White House Senior Adviser Jared Kushner, has secured a $400 million loan for 666 Fifth Avenue in Midtown Manhattan.
Deals & Dealmakers
Parker New York hotel trades for $420M
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Hedge fund Elliott Management Corporation has partnered with GFI Capital Resources Group to buy The Parker New York hotel overlooking Central Park on the
Featured
Top NYC condo gyms that are earning developers some sweat equity
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In New York City luxury apartments, fitness remains an attractive add-on In spite of a growing number of luxury residential developers offering over-the-top
Deals & Dealmakers
BH Properties scores $252.8M loan for three Manhattan hotels
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Los Angeles firm BH Properties has secured $252.8 million in financing for three ground leased hotels in Manhattan. The deal was announced by New York
Featured
Brazilian economist Arminio Fraga buys condo at 147 Waverly Place for $7.5 million
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147 Waverly Place, Unit #9 By Roland Li Brazil is considered one of the premier emerging markets, with robust quarterly growth and a vibrant, young population.
Debt & Equity
Rose secures $64m loan to renovate Grace West affordable homes
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Jonathan Rose Companies announced a new Low Income Housing Tax Credit (LIHTC) Partnership that will utilize approximately $64 million in FHA 223(f) permanent
Deals & Dealmakers
HFZ launches its $1.9B XI development
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HFZ has launched sales at The XI, its full-block, mixed-use development between the High Line and the Hudson River in West Chelsea designed by Bjarke Ingels.
Deals & Dealmakers
CVS signs on at 3 Columbus Circle
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3 Columbus Circle SL Green Realty Corp and The Moinian Group today announced that CVS Caremark, the largest integrated pharmacy in the United States, has
Deals & Dealmakers
Developers secure $65M loan to buy Astoria waterfront site for apartment project
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Another large residential development is heading for the Astoria waterfront. Cape Advisors and Wainbridge Capital have secured $65 million in financing