Category : Featured

Blackstone backs down on warehousing

REW September 10, 2019 September 10, 2019

by REWSeptember 10, 2019September 10, 20193860

By Maria Rocha-Buschel One of the city’s biggest landlords has backed down on a plan to warehouse apartments impacted by new rent regulations. Blackstone, which owns Stuyvesant Town and Peter Cooper Village, told Real Estate Weekly: “We are renovating and leasing all vacant units, and we will continue to fulfill...

Deals & Dealmakers Featured

Housing czar turns to real estate biz to help rebuild NYCHA

Sabina Mollot September 10, 2019 September 10, 2019

by Sabina MollotSeptember 10, 2019September 10, 20193074

Deputy Mayor for Housing and Economic Development Vicki Been is asking for the real estate industry’s help to bring NYCHA housing out of its state of disrepair. Been said the city needs developers to build housing that’s a mix of affordable and market rate on under-used NYCHA land to help...

Construction & Design Featured

Rockefeller taps Tim Flynn to direct $2B development pipeline

REW September 5, 2019 September 5, 2019

by REWSeptember 5, 2019September 5, 20193772

Hines, Turner Construction veteran has been invovled in some of the city's most high profile developments

Debt & Equity Featured

Beacon Capital recaps 575 Fifth with $309M loan

REW September 4, 2019 September 4, 2019

by REWSeptember 4, 2019September 4, 20192487

TPG Real Estate Finance has provided the finance against 370,000 s/f of office space at the 522,346 s/f building in midtown.

Deals & Dealmakers Featured

Landlords warn warehousing could be the new normal

Sabina Mollot September 4, 2019 September 4, 2019

by Sabina MollotSeptember 4, 2019September 4, 20192891

Under new rent laws, most owners say it makes more financial sense for them to keep their apartments vacant than spend money upgrading them for rent.

Deals & Dealmakers Featured

Lifestyle brand to open Brooklyn health resort

REW August 29, 2019 August 29, 2019

by REWAugust 29, 2019August 29, 20192320

Front & York, a mixed-use development in DUMBO, announced that healthy lifestyle brand, Life Time, is committing to a large portion of commercial space at the development. Front & York will be home to the company’s first athletic lifestyle resort in Brooklyn. Front & York will open mid-2021, with Life...

Deals & Dealmakers Featured

Durst closes $1.6B loan for One Bryant Park

REW August 29, 2019 August 29, 2019

by REWAugust 29, 2019August 29, 20194546

The Durst Organization and Bank of America announced the closing of a $1.6 billion refinancing of One Bryant Park. The financing combined a $950 million CMBS loan with a $650 million Liberty Bond loan, and the weighted average coupon for the 10-year financing is 2.60 percent per annum. Bank of...

Construction & Design Featured

Elevator licensing law under review following latest death

Sabina Mollot August 28, 2019 August 28, 2019

by Sabina MollotAugust 28, 2019August 28, 20192358

The holdup on the bill has been a backlog of new laws awaiting the Governor’s attention.

Deals & Dealmakers Featured

Knotel in growth mode with $400M purse

REW August 28, 2019 August 28, 2019

by REWAugust 28, 2019August 28, 20193256

Sovereign Wealth Fund of Kuwait leads bumper financing round that will allow co-working combatant to expand into the world’s 30 largest cities and deepen its engagement with virtual companies

Construction & Design Featured