Deals & Dealmakers
Ariel reports bleak multifamily sales
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New York City’s multifamily property market took a hit in the first half of 2019, a direct result of looming changes to the state’s rent regulation laws.
Deals & Dealmakers
ON THE SCENE: Rudder Property Group sells 7,616 s/f office condo at 115 West 29th Street
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AGENTS KEVIN SCHMITZ Cushman & Wakefield has been retained to arrange for the ground lease of 9402-9406 Sutphin Boulevard, a development site
Deals & Dealmakers
TRANSACTIONS: Meridian Capital places $9.5m Brooklyn multifamily mortgage
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Cronheim Mortgage secured $10.5 million in financing for a 75,000 s/f newly constructed, freestanding ShopRite in Shrewsbury, NJ. The 25-year, self-liquidating
Deals & Dealmakers
Brooklyn Navy Yard seeks developer for food manufacturing facility
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The Brooklyn Navy Yard Development Corporation (BNYDC) has issued a Request for Expressions of Interest (RFEI) for the development, lease and operation
Deals & Dealmakers
Rock climbers anchor retail at historic Ralph Walker conversion in Newark
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L+M Development Partners, Prudential Financial and the Goldman Sachs Urban Investment Group (UIG) announced that Method Climbing will open early next year
Deals & Dealmakers
No more lines and robo-clerks; Whatʼs ahead at the grocery store
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The future of the U.S. grocery industry points to a fully automated checkout process, greater emphasis on prepared meals, a proliferation of smaller, convenience-store
Deals & Dealmakers
Kolman steps on the gas for 1031 auto investor
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Eastern Union arranged financing for the $16.9 million sale of the 600,000 s/f Magna International portfolio, a group of four automobile parts manufacturing
Deals & Dealmakers
Owners put rehabs on hold
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L-r: Brad Hargreaves, Andrew Dansker, Josh Bobrowsky, Anita Gupta and Peter von der Ahe. New York City’s biggest landlord has stopped apartment renovations
Deals & Dealmakers
Hector Figueroa: Remembering a life lived for others
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By William Rudin, chairman, REBNY, & James Whelan, president, REBNY Albert Einstein once said that “a life lived for others is a life worth living.
Deals & Dealmakers
Industrial sector props up Brooklyn’s lackluster sales
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The Brooklyn multifamily market took at second quarter hit as the new rent regulations sent sales tumbling. Multifamily sales volume fell by 55 percent
Retail
Holiday shoppers set to follow new trends
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Retailers will seek to cap a strong year this holiday season by doubling down on strategies to draw online shoppers into stores, reward their loyalty in
Deals & Dealmakers
FIRST LOOK: Renderings released for Jehovah’s Witnesses Watchtower buildings transformation
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Columbia Heights Associates – a partnership of CIM Group, LIVWRK Holdings and Kushner Companies – has released renderings of its proposed transformation