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TODAY’S DEALS: Kushner Cos. Acquires New York Walk-Up Portfolio for $131.5M

TODAY’S DEALS: Kushner Cos. Acquires New York Walk-Up Portfolio for $131.5M

Kushner Companies closes on the acquisition of a 16-building, 291-unit portfolio of Manhattan and Brooklyn multifamily walk-up properties; and HFF secures financing for a property near the University of Houston. …

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New Partnership Investing $20M in Affordable Housing in California

New Partnership Investing $20M in Affordable Housing in California

The Community Development Trust, a national private real estate investment trust, has announced a partnership with TIAA-CREF, a national financial services organization, to invest in affordable housing in California.…

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IHG, Sam Chang Continue New York City’s Hotel Glut

IHG, Sam Chang Continue New York City’s Hotel Glut

By Veronica Grecu, Associate Editor There’s a plethora of hotels in New York, but the city’s robust hospitality market will always make room for more. A new Crowne Plaza is scheduled to open in Midtown Manhattan in 2017, InterContinental Hotels Group (IHG) announced last week. Owned by LRR Holdings, LLC—a…

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TODAY’S DEALS: Meridian Capital Arranges $160M for Moinian Group

TODAY’S DEALS: Meridian Capital Arranges $160M for Moinian Group

Meridian Capital Group negotiates a $160 million loan for the refinance of two mixed-use properties; and GFI sells walkups in Elmhurst, N.Y., for $5.2 million. …

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Rare Units in Brooklyn Building Selling Quickly

Rare Units in Brooklyn Building Selling Quickly

A full-service luxury condominium building nestled in the heart of Brooklyn’s historic Carroll Gardens neighborhood is almost at capacity—before the doors even open.…

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Landmark Building in Murray Hill Sold for $24.5 Million

Landmark Building in Murray Hill Sold for $24.5 Million

One of the oldest buildings in the Murray Hill section of Manhattan is now under new ownership.…

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TODAY’S DEALS: Queens Apartment Trades Hands

TODAY’S DEALS: Queens Apartment Trades Hands

A 'Quooklyn' asset trades for $21 million; Marcus & Millichap brokers the sale of a fractured condo in Tampa; and Red Capital provides an $8.8 million balance-sheet loan for the construction of a memory-care project.…

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Small Issue Costing NYC Building Owners Millions Annually

Small Issue Costing NYC Building Owners Millions Annually

Through the cold winter months, tall buildings act like chimneys—heat escaping through cracks and gaps in the roof and frigid air making its way through the bottom. The boiler runs overtime and so does your wallet.…

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World-Class Residences Joining Manhattan’s Upper West Side

World-Class Residences Joining Manhattan’s Upper West Side

A new 18-story luxury residential building with parking on site is coming to the Upper West Side.…

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Internationally Renowned Architect/Designer Crafting Tower for New York Skyline

Internationally Renowned Architect/Designer Crafting Tower for New York Skyline

Acclaimed Italian Architect and Designer Piero Lissoni is designing his first New York residential condominium project.…

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Oversized Brooklyn Warehouse Sells for $45 Million

Oversized Brooklyn Warehouse Sells for $45 Million

A vacant industrial facility located at 29 Ryerson St. in the Wallabout/Clinton Hill section of Brooklyn changed ownership and is now preparing for a complex transformation.…

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State Selects Developer for Massive Reconversion of Former Psychiatric Campus in the Bronx

State Selects Developer for Massive Reconversion of Former Psychiatric Campus in the Bronx

A state-owned, 33-acre site at 1500 Waters Place in the Morris Park section of the Bronx has found a new owner and is preparing for redevelopment.…

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