Category : Blog

By Mark Scott, principal,Commercial Mortgage Capital MARK SCOTT Commercial and multifamily mortgage lending rose in the second quarter of 2012, according to the Mortgage Bankers … Continued

Mitchell Moss The NY Metropolitan Chapter of the Appraisal Institute held its monthly conference Sep. 19 at Club 101 in Midtown. The theme of the … Continued

Pitkin Theatre Charter Realty & Development  has arranged a 10,890 square foot lease for Deals and a 989 square foot lease for Subway at the … Continued

A New York Building Congress analysis of McGraw-Hill Construction Dodge data finds that $6.6 billion worth of construction projects were started in New York City … Continued

In a marketplace where key financial forces are on the sidelines waiting to invest, employment growth is not at the hoped-for  pace,  and it often … Continued

The Electra, Credit: Forkosh By Al Barbarino � San Francisco-based multi-family investment firm Carmel Partners has purchased The Electra on the Upper East Side – … Continued

As New York City continues to grow in population and attract shopping-happy tourists from around the world, investors and retailers alike a clamoring to own a piece of Manhattan’s miles of storefronts. Capitalization rates on multi-family investments have dropped to the vicinity of 4 percent, according to Timothy Quinlan, of Quinlan Development Group, a retail-focused investment group which owns 85 stores in Manhattan. Retail rents, on the other hand, are yielding cap rates as high as 6 or 6.5 percent. “Today’s financing dollars at 6 percent can be juiced up pretty nicely,” Quinlan said. The result is a rush to own retail condos, from Downtown to Fifth Avenue.

Just under half on the nation’s metorpolitan areas have seen construction jobs shrivel, according to a new report. Construction employment declined in 165 out of … Continued

Corporate interiors firm MKDA has completed a new Manhattan office for Forex Capital Markets, a foreign exchange trading firm. The 60,000-square-foot space comprises the entire … Continued

Design AIDD, a New York-based architectural firm, is engineering the transformation of a three-story, 3,050 s/f townhouse at 368 East 69th Street into a five-story, … Continued