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PEEK closes on construction financing for NJ development
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PEEK Properties (PEEK) has secured $9,750,000 in construction financing for the first of three new-construction Qualified Opportunity Zone (QOZ) multifamily
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Hines starts work on Hudson River apartment building
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Hines, along with investment partner MetLife Investment Management, has announced the start of construction of NorthLight at Edge-on-Hudson, a Class-A
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Abrams Publishing takes full floor at 195 Broadway in FiDi
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L&L Holding Company has finalized a 15-year, 41,982 s/f lease for book publisher Abrams Publishing at 195 Broadway. The new lease encompasses the entire
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Getty updates its image with move to 195 Broadway
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Newmark Knight Frank (NKF) announced that Getty Images will relocate to 195 Broadway from 75 Varick in Hudson Square. Getty will occupy the entire 42,000
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NYC landlords condemn call to cancel rents
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New York City landlords have rounded on a call by Sen. Michael Gianaris to cancel rents and forgive non-payment by residents and businesses.
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Manhattan rents fall $500 a month
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A $500 drop in rents is drawing people back to Manhattan, according to a new report from Douglas Elliman. With landlords piling on concessions, new leases
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Meridian arranges $17M refi’ for CT office building
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Meridian Capital Group arranged $17.5 million for the refinance of SONO 50, a class-A office property in Norwalk, CT owned by Capital Equities Group.
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ESRT closes on $180M loan for midtown tower
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Empire State Realty Trust has closed on a $180 million mortgage loan for 250 West 57th Street, a 542,000 s/f Manhattan office and retail property.
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Onyx Equities continues to expand
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On the heels of Onyx Equities, LLC’s recent announcement that it has opened regional management offices in Crofton, Maryland and Charlotte, North Carolina
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Residential brokerage Elegran finds room to grow in new normal
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Michael Rossi’s Elegran real estate brokerage is expanding its team as the tech-focused company grows its foothold in the New York City market.
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Brooklyn developer picks up $12M downtown development site
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JLL Capital Markets completed the sale of 219 Jay Street, a 37,549-buildable-square-foot opportunity zone development site in the heart of Downtown Brooklyn
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Digital nomads, free-range travelers setting new course for hospitality sector
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By Pam Knudsen As the world struggles to control the spread of Covid-19, the travel and lodging sectors continue to navigate the unprecedented turbulence