The Real Deal RXR, which last week said it would give some of its properties to its lenders, has clarified that it was in talks over only two properties, in Brooklyn, NY, and lower Manhattan The Uniondale, NY, developer owns 83 properties valued at...
The Real Deal The New York City Housing Development Corp and Wells Fargo Bank have led a $414 million construction financing package for the development of a 611-unit affordable-housing project in Manhattan’s Inwood section The 30-story...
New York YIMBY Work has wrapped up at the Eastlight, a 144-unit residential condominium building in Manhattan’s Kips Bay area The 34-stotry property, at 200 East 34th St, was developed by a group led by China Overseas Holdings It has studio,...
Crain’s New York Business MetLife Investment Management has paid $681 million for a pair of apartment buildings with a total of 78 units in the Williamsburg section of Brooklyn, NY The Parsippany, NJ, investment manager bought the buildings,...
Steps are being taken that might indicate that the 346-room Club Quarters Hotel in San Francisco is close to selling, according to a report in the San Francisco Business Times Last month, a consultant requested a zoning verification letter for the...
The Registry Jamison Organization is offering for sale the 70,760-square-foot office property at 4055 Wilshire Blvd in Los Angeles The Los Angeles company has hired Kidder Mathews to market the property, which comes with an asking price of $2087...
Commercial Observer The estate of artist Frank Fristachi has put on the sales block an assemblage of eight parcels along Driggs Avenue, between Grand and South First streets in the Williamsburg section of Brooklyn, NY The parcels could be developed...
Commercial Observer The 55,000-square-foot building at 16 West 39th St in midtown Manhattan has been placed on the sales market for $325 million, or $590,909/sf The 12-story property is next to 424 Fifth Ave, which Amazoncom Inc had purchased last...
REBusiness Online Arden Group has begun construction on a 20-story mixed-use project at 4650 Broadway in Manhattan’s Inwood section Plans call for 222 apartment units, 120,000 square feet of commercial space, 80,000 sf of which will be set...
Commercial Observer InterVest Capital Partners is paying $65 million, or $129,224/unit, for a portfolio of seven apartment properties with 503 units in the Bronx, NY The investment manager, formerly Wafra Capital Partners, is buying the portfolio...
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.
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