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Development group pays $13M for LIC site
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United Construction & Development Group founder Chris Xu has acquired a Long Island City development site for $13 million. Highcap Group announced
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City seeking developers to build 100 Flatbush apartments
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The New York City Department of Housing Preservation and Development (HPD) has released a Request for Qualifications (RFQ) for development teams to transform
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SL Green closes on $360M refi’ for 100 Park
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SL Green has refinanced 100 Park Avenue with a $360 million loan from German-based Aareal Capital Corporation. Cushman & Wakefield served as the exclusive
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Cushman & Wakefield closes on $32M in Manhattan investment sales
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Cushman & Wakefield announced its Manhattan investment sales teams have closed on a trio of trades valued at $31.94 million. At 42, 44 and 46 East
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Elm Street continues proptech buying spree
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Elm Street Technology has announced its seventh acquisition as the marketing solutions company continues its tear into the lucrative proptech sector.
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Belveron raises $280M, eyes more affordable housing acquistions
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Affordable housing investor, Belveron Partners has closed its sixth fund at $280 million. The money will be targeted at acquiring upwards of 5,000 units
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Mack-Cali sells apartment communities for $424M
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Mack-Cali Realty Corporation has sold two apartment communities for $424 million and refinanced a Massachusetts development with a $72 million mortgage
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Brookfield signs two Bleecker Street retail tenants
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Brookfield Properties announced two new leases for its Bleecker Street storefronts: global design company Arc’teryx, which specializes in high-performance
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Kitchen giant inks two deals for 113,000 s/f of New Jersey space
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JLL has completed two new transactions, totaling 113,496 square feet, for the LIXIL Corporation in Piscataway, New Jersey. The water technology company
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Shorenstein leases Miami office space to Blackstone
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Shorenstein Properties has leased 41,000 s/f of office space at its 2 MiamiCentral property to Blackstone. The global investment giant intends to create
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Mark Stagg files plans for another Bronx building
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Developer Mark Stagg is set to build another affordable apartment building on Webster Avenue in the Bronx. The founder of Stagg Group just bought the 8,700
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Brookfield makes $5.9B offer to take real estate arm private
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Brookfield Asset Management (Brookfield) has made a proposal to buy the 40 percent of Brookfield Property Partners (BPY) it doesn’t already own for $5.