Debt & EquityFeatured COVID costs New York $1.6B in real estate tax REW December 18, 2020 December 18, 2020 by REWDecember 18, 2020December 18, 20202040 With the year's property sales down by half, REBNY report points to tough times ahead as New York runs out of money
Deals & DealmakersFeatured Madison, Plymouth close on $86M industrial investment REW December 18, 2020 December 18, 2020 by REWDecember 18, 2020December 18, 20202286 Deal is first in $150 million equity joint venture between the two giants
Deals & DealmakersFeatured Harbor Group JV buys Avalon’s Somerset community in NJ REW December 18, 2020 December 18, 2020 by REWDecember 18, 2020December 18, 20204325 $100M development listed by JLL sold to Harbor Group, Azure Partners
Construction & DesignFeatured City seeking developers for 2-acre Staten Island waterfront development REW December 18, 2020 December 18, 2020 by REWDecember 18, 2020December 18, 20206412 RFP seeks qualified development teams to build affordable housing on 108,000 s/f of land owned by the city.
FeaturedResidential Half of NYC landlords losing money, says CHIP REW December 17, 2020 December 17, 2020 by REWDecember 17, 2020December 17, 20205498 Landlord groups warns situation is unsustainable without help from the government, or a dramatic turnaround in the economy.
Construction & DesignFeatured NYCHA trades trash compactor for 171 affordable apartments REW December 17, 2020 December 17, 2020 by REWDecember 17, 2020December 17, 202012160 Bronx Pro Group closes on latest deal by NYCHA to have private developers build affordable homes on its land.
Debt & EquityFeatured Invictus closes $89M construction loan for TOD REW December 17, 2020 December 17, 2020 by REWDecember 17, 2020December 17, 20205601 Cole Schotz represents private equity firm is loan to Eastone Equities
Construction & DesignFeatured Abandoned church takes one more step towards becoming Children’s Museum REW December 17, 2020 December 17, 2020 by REWDecember 17, 2020December 17, 20204259 FXCollaborative has designed the adaptive reuse of abandoned Upper West Side church
FeaturedResidential Camber, PRC open affordable South Bronx property REW December 17, 2020 December 17, 2020 by REWDecember 17, 2020December 17, 20203906 161-unit buildingis the third such collaboration between the two companies in the South Bronx.
Deals & DealmakersFeatured AXA acquires $875M logistics portfolio REW December 16, 2020 December 16, 2020 by REWDecember 16, 2020December 16, 20204081 Investment giant makes share purchase deal with Cabot Properties for 27-property portfolio across key US markets