Toll Brothers tower welcomes Tarallucci e Vino
400 Park Avenue South Eastern Consolidated and Neal Cabot Ohm have arranged a long-term, 2,023 s/f lease for Tarallucci e Vino at the base of … Continued
Category : Blog
Heitman raises $500M for real estate investment
Heitman LLC, the global real estate investment management firm, announced the final close of Heitman Value Partners III, L.P., a commingled fund that will invest in real estate value creation strategies throughout the U.S. HVP III closed with total equity commitments of $500 million, exceeding the firm’s original target of $400 million. The Fund has …
Partners planning overhaul at Lower East Side mixed-income development
Global One Investments, led by principals Michael Gerstein and Robert Nelson, and L+M Development Partners have announced their plans for capital improvements to 257-271 South … Continued
MKDA designs holistic workspace for YMCA retirement fund
MKDA has designed a holistic workplace for the YMCA Retirement Fund, a pension fund established in 1922 that currently has over 90,000 participants. The 52,000 … Continued
For the first time in 50 years, a rent freeze is a possibility
For the first time in nearly 50 years, the city could freeze rents for over one million rent stabilized apartments when it meets next month. The Rent Guidelines Board is contemplating the freeze as tenant advocates point to a minimal increase in landlord operating costs. During a meeting held at CUNY’s...
Asset Avenue secures $11M in series A funding
AssetAvenue, the online platform for commercial real estate loans, has raised $11 million in its Series A funding round, led by DCM Ventures, a global venture capital firm headquartered in Silicon Valley. DCM Ventures is also an investor in SoFi, the largest peer-to-peer (P2P) lender of student loans. Additional investors...
Culinary kings tapped to create Hudson Yards dining menu
World renowned chef Thomas Keller and famed restaurateur and developer Kenneth A. Himmel will curate the dining collection at The Shops & Restaurants at Hudson Yards. In addition to bringing some of the world’s most celebrated chefs and a new series of food concepts to Manhattan’s West Side, Chef Keller...
SELLING POINTS: Hudson Yards neighbor expected to pique developer interest; EVO principals buy an office building
●eastern consolidated Hudson Yards neighbor hits market A Chelsea development site is expected to attract offers from developers eager to capitalize on the emerging Hudson Yards neighborhood. Eastern Consolidated has just been tapped to sell 393 Eighth Avenue, a site currently housing a four-story, mixed-use property. The site’s beeing listed...
Colliers acquires Texas firm
Colliers International has acquired one of the foremost commercial real estate firms in Texas, CASE Commercial Real Estate Partners LLC. Based in Dallas, the boutique firm, which will rebrand to Colliers International immediately, supplements Colliers’ current operations in North Texas and expands the firm’s commercial real estate services in key...
$40M CPC loan will prevent rent hikes at Cathedral Parkway
The Community Preservation Corporation, Inc. (CPC) announced today the closing of a $40 million loan with funding through Freddie Mac to refinance Cathedral Parkway Towers, a 309-unit Mitchell-Lama project on West 110th Street. The refinancing will not only lower the development’s annual debt, but also prevent rent increases that would...