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Chinese Buyer Pays More than $230 Million for Baccarat Hotel New York

Chinese Buyer Pays More than $230 Million for Baccarat Hotel New York

Sunshine Insurance Group Co., a Chinese insurance group will buy the classy Baccarat Hotel New York in Midtown Manhattan for more than $230 million.…

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The Montrose Changes Ownership, Goes Condo

The Montrose Changes Ownership, Goes Condo

The Montrose, a boutique rental building in Midtown Manhattan, was recently sold in a $75 million transaction brokered by HFF.…

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GKA-Designed Mixed-Use Building Under Way in East Williamsburg/Bushwick

GKA-Designed Mixed-Use Building Under Way in East Williamsburg/Bushwick

A six-story, mixed-use building for artists is underway in Brooklyn’s East Williamsburg/Bushwick—which was named one of the coolest neighborhoods in the world in ranking published last fall by Vogue.…

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YOTEL Picks Williamsburg Site for New Micro-Hotel project

YOTEL Picks Williamsburg Site for New Micro-Hotel project

Almost four years after the first micro-hotel was successfully launched in Midtown Manhattan in 2011, the UK-based luxury hospitality chain YOTEL is planning to open a second cabin-like hotel in Brooklyn’s Williamsburg neighborhood.…

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Bed Bath & Beyond Heading to Brooklyn

Bed Bath & Beyond Heading to Brooklyn

After going through a $100 million makeover, the 1.1 million square foot Liberty View Industrial Plaza is rapidly turning into Brooklyn’s most wanted place to lease for retailers.…

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TODAY’S DEALS: Berkshire Group Cashes in with Portland Sale

TODAY’S DEALS: Berkshire Group Cashes in with Portland Sale

ARA brokers a 123-unit Portland sale; GoldOller nabs 843 units in Houston; and GFI Realty arranges the sale of a walk-up building for $250,000 per unit in Queens, N.Y. …

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HFF Arranges $32 Million Loan for New Ace Hotel in Chinatown

HFF Arranges $32 Million Loan for New Ace Hotel in Chinatown

The ten-story building that housed the Salvation Army Chinatown Community Shelter is set to be redeveloped into a new Ace Hotel.…

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Broad Street Development Acquires Mulberry Street Multifamily Assets in $178.5 Million Deal

Broad Street Development Acquires Mulberry Street Multifamily Assets in $178.5 Million Deal

Broad Street Development recently announced the addition of two different multifamily buildings in the New York City market. The multi-faceted investor and developer paid Boston-based GID Investment Advisors LLC a fee of $178.5 million for the two properties located on Mulberry Street, an area situated at the corner of the…

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TODAY’S DEALS: Dwight Capital Funds $41.5M in HUD Loans

TODAY’S DEALS: Dwight Capital Funds $41.5M in HUD Loans

Dwight Capital closes out 2014 with a trio of HUD loans; a Canadian investment firm nabs a REO condo parcel in Illinois; and Meridian Capital arranges a five-year, $10.5 million acquisition loan for a Queens, N.Y., property. …

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TODAY’S DEALS: Marcus & Millichap Brokers $15.5M Sale of NYC Building

TODAY’S DEALS: Marcus & Millichap Brokers $15.5M Sale of NYC Building

Marcus & Millichap arranges the sale of 974 Saint Nicholas Ave., a six-story elevator building in the up-and-coming Washington Heights neighborhood; and Hunt Mortgage advances a seven-year ARM for a property in a "solid" market.…

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Curbcut Urban Partners’ Joint Venture Throggs Neck Shopping Center Opens in the Bronx

Curbcut Urban Partners’ Joint Venture Throggs Neck Shopping Center Opens in the Bronx

A new shopping venue recently celebrated its grand opening in the Ferry point section of the Bronx, just in time for the holiday season.…

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NYC Invests $3.5 Million in Fashion Innovation Hub in Sunset Park

NYC Invests $3.5 Million in Fashion Innovation Hub in Sunset Park

A City-financed innovation hub is about to revive the once thriving garment manufacturing industry in New York City.…

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