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Non-profits have critical role to play as affordable housing developers
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By Niall J. Murray Real estate has long been considered New York City’s most fearsome industry. Billionaires battle other billionaires to see who can build
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Corcoran launches first international franchise in British Virgin Isle
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Corcoran Group announced its global debut with the launch of its newest franchisee, Corcoran BVI, located in the British Virgin Islands.
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Port Authority taps Brookfield, Silverstein JV to build 5 WTC
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The Port Authority of New York and New Jersey Board of Commissioners and the Lower Manhattan Development Corporation Board (LMDC) voted today to approve
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Peebles planning to launch $350M investment fund
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By Konrad Putzier DON PEEBLES Don Peebles, head of development behemoth The Peebles Corporation, plans to launch a $350 million real estate investment fund.
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Old JC toothpaste factory becoming high-tech science hub
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Thor Sciences, a division of Thor Equities, has begun construction to complete base building infrastructure on 95G, the first lab-ready life sciences property
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JLL REIT buys $95M Kentucky distribution center
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JLL Income Property Trust, an institutionally managed daily NAV REIT, announced the acquisition of Louisville Distribution Center, a one million-square-foot
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Massive Yonkers development site hits market
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Transwestern’s Stephen Powers and Lindsay Ornstein have listed a 32-acre Yonkers waterfront development site for sale. The property is being sold by the
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Newmark retail team brings first cryotherapy studio to region
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A team from Newmark has brokered a lease for the nation’s first retail cryotherapy studio where clients can have their ailments frozen out of them.
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DOT taking 192,000 s/f at HUB LIC
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NYC Department of Transportation is taking 192,080 s/f of industrial space at HUB LIC as new Commissioner Hank Gutman gets to work on the city’s ambitious
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OneWall doubles its money on workforce housing investment
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OneWall Partners, an owner and manager of transit-oriented workforce housing, has completed the $72 million sale of a portfolio of 641 apartment units
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Billionaire tenant cancels rent
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Publishing house Conde Nast is reneging on its rent at One World Trade Center in a stand-off with the Port Authority to renegotiate the lease on its 1.
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Co-ops now eligible for forgivable PPP loans
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By Rachel Sigmund McGinley Under the original Coronavirus Aid, Relief, and Economic Security (CARES) Act passed in April 2020, Congress created the