Deals & Dealmakers
WHO’S NEWS
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SquareFoot commercial real estate company has announced that Michael Colacino has joined in the role of president, a first for the company.
Leases
Beauty brand Prose signs first office lease at Two Trees tower
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Ten Grand Street is the first commercial building at the old Domino Sugar Factory site Two Trees Management announced its first commercial office lease
Construction & Design
MKDA opens Washington DC office
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Interior design and advisory services firm MKDA has opened an interior design studio in Washington, DC. Kristín Aldan Guðmundsdóttir The office will be
Construction & Design
$39M Yonkers complex gets underway
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The property is being developed by housing and social service company, Westhab Construction is underway on Dayspring Campus, a new development in Yonkers
Construction & Design
Construction worker wins record award
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By James Hagedorn In the largest personal injury settlement for a construction accident in New York City’s history, a court has award $36 million to a
Retail
Hong Kong leads rise in global retail rents
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Hong Kong is by far the world’s most expensive city for global retailers, but prime rents in New York, London, Tokyo and Zurich are on the rise, according
Residential
Average age of U.S. homeowner is 55
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Using U.S. Census data, LendingTree conducted a study of average homeowner ages across the United States in the 50 largest metros and found the average age is 55.
Deals & Dealmakers
L&M bags$179M to build three affordable Brooklyn properties
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215 Livonia Avenue and 169 Livonia Avenue L+M Development Partners closed on financing for the construction of three new buildings as part of the Marcus
Deals & Dealmakers
ACRES antes up $33M for CT apartment project
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One Atlantic ACRES Capital Corp. has originated an approximately $33 million loan to fund the conversion of One Atlantic, a historic, nearly 94,000 s/f
Residential
NEW DEVELOPMENT: Closings underway at uptown conversion
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● EXTELL DEVELOPMENT CO.Two teams tapped to sell One Manhattan collection Extell Development Company has released The Skyscape Collection at One Manhattan Square.
Deals & Dealmakers
Procida funds $39M construction loan
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The 200-unit property is being developed by Forte Real Estate Procida Funding provided a $39 million construction loan, on behalf of the 100 Mile Fund
Deals & Dealmakers
McSam Hotel Group secures $250M for Times Square venture
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Sam Changʼs McSam Hotel Group has secured $250 million in acquisition and construction financing from S3 Capital Partners for his newest project.