Brookfield Properties, which in 2018 acquired mall owner GGP Inc and folded its 125 mall properties into its own portfolio, has revived the GGP name The company created GGP Retail LLC, which will be headquartered in Chicago, and placed its 101...
Commercial Observer Natixis has leased 202,875 square feet at the 25 million-sf 1633 Broadway office building in Midtown Manhattan The property is owned by Rithm Capital Corp, which inherited it last year through its acquisition of Paramount Group...
Commercial Observer Rialto Capital has provided a $150 million loan against the 270,000-square-foot office building at 100 Fifth Ave in the Union Square area of Manhattan The property is owned by Sovereign Partners, which bought it in 2023 for $1265...
Commercial Observer Bank of America, Standard Chartered PLC, and Wells Fargo Bank have provided $16 billion of financing for the development of the 14 million-square-foot 70 Hudson Yards office building in Manhattan The loan is the largest for a New...
Gothamist Zohran Mamdani, who was sworn in as New York City’s mayor on New Year’s Day, will soon get a majority of seats on the Rent Guidelines Board, which governs rate increases at the city’s roughly 1 million rent-stabilized...
Commercial Observer Hubb NYC Properties has paid $40 million, or $571,428/unit, for the 70-unit apartment property at 599 Baltic St in the Gowanus section of Brooklyn, NY The property was purchased from Adam America Real Estate of New York JLL Real...
Commercial Observer Lexin Capital has filed plans to convert the 156,500-square-foot office property at 229 West 28th St in the Chelsea section of Manhattan into 270 apartment units The New York investor has owned the property since 2014,...
The Real Deal Avdoo & Partners Development has paid $63 million for the 12,500-square-foot development site at 68 King St in the Hudson Square area of lower Manhattan The New York developer, led by Shlomi Avdoo, funded its purchase with a $40...
Commercial Observer The venture of Quantum Pacific Group and Metro Loft Management that owns the 400,294-square-foot office property at 101 Greenwich St in downtown Manhattan has filed plans to convert it into 614 apartments The venture was said to...
Massachusetts residents likely will vote in November on whether to overturn a 32-year-old law that banned statewide rent control in the commonwealth But the state's governor has gone on the record opposing the effort, arguing that what the state...
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