Category : Featured

By Sabina Mollot A tenant advocacy group that’s been systematically investigating landlords who’ve been accused of overcharging renters and deregulating apartments has recently accused a Brooklyn owner, Renaissance Realty, of the same on behalf of its tenants. The tenants of 527 Lincoln Place, a property in the 421a tax abatement...

An affiliate of Mack Real Estate Credit Strategies (MRECS) provided a $199 million loan to refinance the Courtyard by Marriott Hudson Yards hotel, recently built by companies affiliated with hotelier David Marx. The loan will be used to take out a construction loan and other previous financing ahead of the...

By Sabina Mollot Fashion footwear company Bill Blass Group has purchased an East Midtown office building at 3 East 44th Street, a 14,175 s/f office property. The $15,300,000 sale (or $1,079 per s/f) was arranged by Cushman & Wakefield’s Will Conrad and Rob Shapiro who represented the sellers, Bernstein Real Estate, and NYC Associates LLC, in this transaction. Jin...

CBRE announced that it has arranged for the $53 million sale of a property containing a 132,003 s/f Home Depot located at 99 Route 17 North in Lodi, New Jersey. Jeffrey Dunne, David Gavin, Jeremy Neuer and Travis Langer of CBRE’s National Retail Partners (NRP) represented the owner in the...

Brookfield is joining the big-game sell-off of New Yorkʼs housing stock. Along with partner Urban American, the company will offload five former Mitchell-Lama buildings in Harlem and Roosevelt Island to L+M Development Partners and Invesco Real Estate in a $1.2 billion deal. In its second quarter report, Brookfield, a publicly...