305,000-SF Office Building in Atlanta Comes to Market
June 28, 2022
34,901-SF Retail Building in Miami Trades for $18.5Mln
June 28, 2022
Northeast
Extell Takes Control of Downtown Brooklyn, N.Y., Mixed-Use Project
Crain's New York Business Extell Development has completed the long-term lease of a development site at 356 Fulton St. in downtown Brooklyn, N.Y., in a deal valued at $85.9 million. Feil Organization had planned to build a 43-story mixed-use building...
Kushner Breaks Ground on 307-Unit Apartment Building in Fair Lawn, N.J.
REBusiness Online Kushner Cos. has begun construction of a 307-unit apartment property that will be restricted to tenants 55 and older in the northern New Jersey borough of Fair Lawn, N.J. The property, at 19-00 Pollitt Drive, will have one-...
Larry Ackman, Former head of Ackman-Ziff, Passes Away
The Real Deal Larry Ackman, who long had been head of Manhattan brokerage Ackman-Ziff Real Estate Group, died early this week. He was 83. He became president of the New York company in 1968 and chief executive nine years later....
CIM Group Lends $70.5Mln Against Manhattan’s 88 University Place
The Real Deal CIM Group has provided $70.5 million of financing against 88 University Place, a 90,000-square-foot office building in Manhattan's Greenwich Village area. The loan allowed the property's owner, a group that includes Arch Cos., to fund renovations to...
Brodsky Gets $144Mln Loan for 312-Unit Apartment Property in Brooklyn, N.Y.
Multi-Housing News The Brodsky Organization has secured a $144 million loan from a life insurance company against its 312-unit Plank Road Apartments in the Prospect Heights section of Brooklyn, N.Y. The loan has a 10-year term and requires only interest...
398-Unit Apartment Property Planned for New Haven, Conn.
REBusiness Online An affiliate of Hudson Meridian Construction Group is planning a 398-unit apartment property at 201 Munson St. in New Haven, Conn. The New York company is teaming with Paredim Partners, also of New York, to build the project. Paredim...
96-Unit Hotel in Montauk, N.Y., Trades for $78.5Mln
The Real Deal KSL Capital Partners has purchased the 96-unit Marram hotel at 21 Oceanview Terrace in Montauk, N.Y., for $78.5 million, or $820,000/room, from Bridgeton Holdings. Last year, Bridgeton, a New York developer, listed the property for sale along...
Property & Building Seen Lining Up Fresh Financing for Manhattan’s 452 Fifth Ave.
The Real Deal Property & Building Corp. is said to be close to securing $385 million in financing from JPMorgan Chase Bank against its HSBC Tower, an 864,303-square-foot office building at 452 Fifth Ave. in midtown Manhattan. The affiliate of...
662-Unit Multifamily Portfolio in Norwalk, Conn., Trades for $293.5Mln
REBusiness Online Beachwold Residential LLC has bought The Norwalk Collection, a 662-unit multifamily portfolio in Norwalk, Conn., for $293.5 million, or $443,353/unit. The New York developer bought the portfolio from a venture of Invictus Real Estate Partners of New York...
Invesco Buys Majority Interest in Roseland, N.J., Apartment Property in $160Mln Deal
Multi-Housing News Invesco Real Estate Income Trust Inc. has acquired a majority interest in the Everly Roseland apartment property in Roseland, N.J., in a deal valuing the 360-unit property at $160.5 million, or $445,833/unit. Novel Property Ventures of New York,...
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