Deals & Dealmakers
QuadReal invests $600M in student housing venture
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QuadReal Property Group (QuadReal), CA Student Living (CASL) and GI Partners (GI) have formed a joint venture to acquire, develop and manage student housing
Deals & Dealmakers
Heng Sang Realty buys Cassa Hotel commercial condo units for $80.5M
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William Fung’s Hang Seng Realty has just acquired two commercial condo units at 515 9th Avenue for $80.5 million, according to documents filed with
Debt & Equity
New $1B Related fund to target gateway cities, urban markets
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Related Companies announced the final closing of Related Real Estate Fund II, an operator-sponsored opportunity fund, with equity commitments of over $1 billion.
Deals & Dealmakers
Anita Laremont to replace Purnima Kapur as city planning chief
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Planning Director Marisa Lago just announced that the department’s general counsel, Anita Laremont, will replace Purnima Kapur as DCP’s next Executive Director.
Deals & Dealmakers
Amazon joins Bronx’s last mile club
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Amazon plans to open up a last-mile delivery facility in the Bronx, fueling an increasingly competitive race for New York logistical hubs.
Deals & Dealmakers
18-month long L train shutdown sparks retail worries
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The Metropolitan Transit Authority has announced that it will shut down the portion of the L train that runs between 14 Street in Chelsea and Bedford Avenue
Deals & Dealmakers
Landlord harassment bill may have side effects
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The New York City Council has just introduced a bill that aims to increase the penalties for commercial landlords engaging in tenant harassment.
Debt & Equity
Zara Realty lands $54.5M loan for five-building Queens portfolio
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Zara Realty has secured a $54.5 million New York Community Bank loan for a five-building portfolio in Queens, according to city records.
Deals & Dealmakers
WHO’S NEWS: Beth Rosen joins Ripco; CBRE hires retail specialist
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BETH ROSEN Ripco Real Estate announced that Beth Rosen has joined the firm’s Manhattan office as an Executive Vice President. Rosen, who has been with
Residential
Ellie Johnson on Warren Buffett, overseeing Berkshire Hathaway’s NYC rollout
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When Ellie Johnson was asked to head up the rollout of Berkshire Hathaway HomeServices into an already crowded and competitive New York City market, she
Deals & Dealmakers
Hines building 15-story apartment tower for seniors in Midtown East
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Development giant Hines has formed a joint venture with capital partner, Welltower Inc., to build a 15-story apartment tower for New Yorkʼs senior citizens.
Residential
HAVE YOUR HEAD? Basketball family buys $5M Tribeca penthouse; Movie couple sells Chelsea townhouse
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An LLC with connections to a trio of NBA brothers, the Plumlee family, has purchased a $5 million condo in a discrete Tribeca building. According to public