Deals & Dealmakers
Vornado spins off D.C. business in $8.4B merger with JBG Companies
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Vornado Realty Trust will spin off its Washington DC business in an $8.4 billion deal that will create a merger with The JBG Companies. The combined company
Deals & Dealmakers
Activist investors renew call for board ouster ahead of NY REIT liquidation vote
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WW Investors, LLC, an entity controlled by activist investors Michael Ashner and Steve Witkoff, called for the ouster of the NY REIT board ahead of a vote
Construction & Design
LPC okays Kooning building design
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The Landmarks Preservation Commission (LPC) approved a design, proposed by DXA studio, for an addition to artist Willem de Kooning’s former studio at 831 Broadway.
Deals & Dealmakers
Selling points: Waterfront site offers chance to redefine skyline, LI apartment property sold
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Cushman & Wakefield Waterfront site offers chance to redefine skyline Cushman & Wakefield has been retained to sell a Greenpoint development site
Deals & Dealmakers
Selling points: Yorkville building sells for $18M, Hell’s Kitchen resi building listed for $11.75M
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Marcus & Millichap Yorkville mixed-use building sells for $18M Marcus & Millichap announced the sale of 1269-1271 First Ave., a five-story, mixed-use
Deals & Dealmakers
CIT, Square Mile fund TOD from Carlyle joint venture
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CIT Group and Square Mile Capital Management announced that they have originated a $63.9 million loan to finance the development of The Caldwell, a 259-unit
Deals & Dealmakers
Selling points: Time Equities buys mall for $70M, Jamaica development site now on the market
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Time Equities TEI buys general growth mall for $70M New York-based Time Equities Inc. (TEI) has acquired Newgate Mall in Ogden, UT, for $69.
Photo Gallery
IN PHOTOS: Fried Frank’s annual holiday gala at Cipriani 42nd Street
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Many of the real estate industry’s heavy hitters joined the more than 1,200 guests at the annual Fried Frank holiday gala held at Cipriani 42nd Street on December 6.
Deals & Dealmakers
City cracking down on 421a abuses as new program kicks in
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Two weeks after the 421a tax program was resuscitated when the Real Estate Board of New York (REBNY) and the Building & Construction Trades Council
Debt & Equity
Co-working company Servcorp gets $30M cash injection
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Servcorp, a global provider of luxury flexible workspace, announced a $30 million investment in co-working, modern design augmentations and enhancements
Debt & Equity
Transactions: Meridian Capital’s $4.3M mortgage on West 36th St., GCP Capital’s $107M in mortgage financing
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Meridian Capital Group announced the following transactions: A new mortgage of $4,300,000 was placed on a five-story, 20-unit mixed-use property with 2,100
Deals & Dealmakers
CBRE brokers biggest DUMBO deal in five years for Rent the Runway
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FREDERICK FACKELMAYER In a transaction arranged by CBRE, Rent the Runway, an online service that provides designer dress and accessory rentals, signed