Deals & Dealmakers
Selling points: JV picks up $30M former rooming house, BSP makes Bronx play
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Acuity Capital Partners JV picks up $30M former rooming house A joint venture between Acuity Capital Partners and Nationwide Realty has purchased 185 Marcy
Featured
Millionaires woe as mansion tax threatens softening housing market
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New York City Mayor Bill de Blasio has revived a so-called mansion tax proposal for homes worth $2 million or higher. The plan, which officials say will
Deals & Dealmakers
Common unwraps its largest co-living space yet at Adam America’s Park Slope building
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Co-living firm Common and residential developer Adam America Real Estate have just launched Common Baltic, a co-living space at 595 Baltic Street in Park
Featured
Report shows most affordable New York housing gets tax break
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By REBNY President John Banks REBNY recently analyzed publicly available data from the New York City Department of Housing Preservation and Development
Deals & Dealmakers
Apollo adds 65,000 s/f to W57th Street footprint
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Apollo Management Holdings L.P. inked a deal that will add more than 65,000 s/f to its current footprint at 9 West 57th Street, as well as significantly
Retail
American success story starts Sheepshead Bay chapter
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The opening of the NetCost Market at 3100 Ocean Avenue has been a cause for celebration in Sheepshead Bay this summer, offering hard-to-find imported goods
Deals & Dealmakers
GFI Realty Services launches triple net lease practice
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GFI Realty Services has formed a Net Lease Team (NLT) that will specialize in arranging the sale of triple-net-lease (NNN) assets for investors.
Deals & Dealmakers
Safehold REIT pays $620M for 425 Park ground lease
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iStar-backed Safehold Inc., is in contract to buy the land under 425 Park Avenue as part of a flurry of deals in its aggressive push into the ground lease sector.
Debt & Equity
Arbor Realty funds CMBS loan in Brooklyn
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Arbor Realty Trust, Inc. recently funded a CMBS loan in Brooklyn, NY. The 41-unit mixed-use property received $11,000,000 for refinance cash out under
Residential
DONE DEALS: Compass tag team closes on Brooklyn apartment
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A tag team of Compass agents sold a two bedroom apartment at The Edge in Brooklyn for the $1.275 million ask in an off market deal. ALEX LAVERNOV Eugene
Residential
DONE DEALS: Residential sales roundup
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When Becki Danchik’s Upper West Side listing fell flat in the spring, she encouraged her sellers to take it off the market. “Five months later, it
Residential
Compass expanding further into Long Islandʼs East End
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Compass announced its expansion further into the East End of Long Island by welcoming the longest family owned and operated independent real estate company