The Real Deal As New York City’s 421a property-tax exemption program reaches its June 15 sunset, the governor of New York State, Kathy Hochul, is proposing a replacement that would include mandates for certain “green” building...
Crain’s New York Business Emmut Properties has bought the 215-room Excelsior Hotel on Manhattan’s Upper West Side for $799 million and will convert it to apartments The company, which is led by John Young, bought the 15-story building...
The Real Deal A venture of Witkoff Group and Access Industries has acquired the XI residential condominium project at 76 11th Ave in Manhattan at a foreclosure auction The two-building project, along the High Line linear park on Manhattan’s...
Crain’s New York Business A bankruptcy court judge has allowed SL Green Realty Corp to be removed as property manager of 245 Park Ave in midtown Manhattan The 18 million-square-foot building is owned by HNA Group of China’s PWM Property...
Wall Street Journal Blackstone Group is in talks to buy a 49 percent stake in One Manhattan West, in a deal valuing the 21 million-square-foot Manhattan office building at $285 billion, or $1,357/sf The giant investment manager would be buying the...
NJBizcom J&J Snack Foods has agreed to lease 200,640 square feet of industrial space at LogistiCenter at Woolwich, a 1 million-sf property that’s under development in Woolwich Township, NJ, about 25 miles southwest of Philadelphia The...
Crain’s New York Business RFR Holdings has agreed to pay $300 million, or $1,064/sf, for the 282,000-square-foot office building at 475 Fifth Ave in Manhattan’s Bryant Park area The investment company is buying the Neo-Gothic...
Wall Street Journal A venture led by Paramount Group has agreed to pay more than $190 million, or $7,600/sf, for the 25,000 square feet of retail space in the lower three floors of 1600 Broadway in Manhattan’s Times Square district The venture...
The Real Deal Mitch Kossoff, a Manhattan attorney with a long list of property-owning clients in the city, has admitted to defrauding his clients over a three-year period Kossoff pleaded guilty to three charges of grand larceny and one for scheming...
South Florida Business Journal An affiliate of Cortland has bought the Mareas at Botanica Apartments, a 408-unit property in Miami for $16027 million, or about $392,819/unit The Atlanta company acquired the complex from Ram Realty Services of Palm...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
Subscribe to our Weekly Newsletter!
