Debt & Equity
HFF arranges $15M construction financing for self storage facility
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Holliday Fenoglio Fowler arranged $15.65 million construction financing for the development of Hillside CubeSmart, a 1,203-unit, self storage facility
Debt & Equity
Caspi Development lands $12.5M Bowery loan
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Holliday Fenoglio Fowler announced the $12.5 million refinancing of 135 Bowery, a newly built, 21,308 s/f boutique creative office building in the Midtown
Debt & Equity
As Tax Cuts and Jobs Act chips away at deductions, investors look for options
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By Jason Kleinman, Partner, Herrick, Feinstein LLP Three ingredients are needed to make a tax shelter: debt, depreciation and a safe investment.
Featured
No end of line for Subway
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By Orlando Lee Rodriguez The Subway sandwich chain is nearing the end of a $178 million venture with the Carlyle Group to upgrade stores lining major tri-state
Retail
Echo boomers have retailers thinking out of the box
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Markets near UPS or FedEx hubs will attract major distribution centers. The growth of e-commerce combined with the consumption habits of echo boomers —
Deals & Dealmakers
Vicki Been to replace Alicia Glenn as Deputy Mayor of housing
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Mayor Bill de Blasio announced Vicki Been will serve as the new Deputy Mayor for Housing and Economic Development. Been is a nationally recognized expert
Deals & Dealmakers
New York Life Real Estate Investors inks $120M deal
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New York Life Real Estate Investors announced the financing of Port Chester Shopping Center, a 507,000 s/f shopping center, anchored by Whole Foods and
Deals & Dealmakers
REBNY throws support behind new office to protect vulnerable tenants
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Mayor Bill de Blasio announced the creation of the Mayor’s Office to Protect Tenants during his State of the City address on January 10.
Deals & Dealmakers
About time! Steinway unloads 57th hall for $46 million
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New York’s Steinway Hall By Orlando Lee Rodriguez Finally releasing what analysts had described as a “cash drag”, Steinway Musical Instruments, Inc.
Deals & Dealmakers
Report: Construction wages highest in a decade
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New York City construction industry employment rose for the fifth consecutive year in 2016, surpassing 140,000 for the first time in at least four decades
Deals & Dealmakers
Large deals lift Manhattan office market to strongest quarter this year
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Lease deals over 100,000 s/f propelled Manhattan’s office market to its strongest quarter this year. According to Cushman & Wakefield’s latest office
Construction & Design
Diaz champions Bronx waterfront, sees west side development potential
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Bronx borough president Ruben Diaz is championing the Bronx as a corridor of new waterfront development not unlike the Hudson Yards. Speaking at the October