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TODAY’S NEWS: Cohen Financial Secures $64M for a Colorado Development

TODAY’S NEWS: Cohen Financial Secures $64M for a Colorado Development

Cohen Financial secures financing for a 312-unit development between Denver and Boulder; Equicap arranges a $12.5 million mortgage for a portfolio in New York's East Village; and Grandbridge Real Estate Capital obtains a $8.35 million life insurance company loan for a portfolio of properties located in the Twin Cities.…

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Commuters Rejoice: Proposed Sky Gondola to Alleviate Traffic, Reduce Travel Times Between Manhattan and Brooklyn

Commuters Rejoice: Proposed Sky Gondola to Alleviate Traffic, Reduce Travel Times Between Manhattan and Brooklyn

An online real estate company wants to jazz up New York City’s soaring transportation system by proposing an innovative solution: an urban gondola that would run—scratch that, float—between Brooklyn and Manhattan, and possibly even Queens.…

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SL Green Unveils $210 Million Renovation Plan for Grand Central Station

SL Green Unveils $210 Million Renovation Plan for Grand Central Station

The developer behind the giant office tower that will rise just west of the Grand Central subway station in Midtown Manhattan plans to invest around $210 million in extensive renovations and improvements at the iconic transportation terminal that’s been around for more than 140 years.…

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TODAY’S DEALS: Mack-Cali, Ironstate Land $192M via NorthMarq for Jersey City Apartment Tower

TODAY’S DEALS: Mack-Cali, Ironstate Land $192M via NorthMarq for Jersey City Apartment Tower

NorthMarq arranges $192 million for a 763-unit development; CBRE Global Investors acquires 432 units in The Woodlands; and Everbank funds a $2 million acquisition loan for a mixed-use property in Chicago.…

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Hilton Garden Inn New York/Times Square Central Sold to DiamondRock for $127.2 Million

Hilton Garden Inn New York/Times Square Central Sold to DiamondRock for $127.2 Million

DiamondRock Hospitality, a real estate investment group based in Bethesda, recently added a new hotel to its portfolio of 27 properties across the U.S.…

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Gaia Real Estate Takes Over 144-Unit Portfolio at The Corinthian in $147 Million Transaction

Gaia Real Estate Takes Over 144-Unit Portfolio at The Corinthian in $147 Million Transaction

Massey Knakal Realty Services announced the sale and financing of a big portfolio of apartments in The Corinthian, a huge residential tower located a full block front of First Avenue between East 37th Street and East 38th Street in the Murray Hill neighborhood of Manhattan.…

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TODAY’S DEALS: Greystar Nabs Oregon Community from Invesco

TODAY’S DEALS: Greystar Nabs Oregon Community from Invesco

Greystar acquires a 264-unit community in the Silicon Forest; NorthMarq Capital finalizes a $13 million bridge loan for a Manhattan High Line condo project; and Smith Equities arranges the sale of two student housing assets that serve the University of South Florida.…

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The Stack Shows How Modular Construction Could Solve NYC’s Housing Crisis

The Stack Shows How Modular Construction Could Solve NYC’s Housing Crisis

Now that New York City’s housing shortage has grown into a veritable crisis, real estate developers lend a helping hand by implementing innovative designs and cost effective construction technology in their multifamily projects.…

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TODAY’S DEALS: Hunt Mortgage Group Refinances Two Houston Assets

TODAY’S DEALS: Hunt Mortgage Group Refinances Two Houston Assets

Hunt Mortgage Group (formerly Centerline) provides $12.5 million to refinance two Houston apartment assets; Walker & Dunlop structures $56 million in HUD financing for a Louisiana portfolio; and Meridian Capital arranges a $31.6 million financing with cash-out and reduced prepay penalty.…

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Brooklyn Brewery Looking to Open $70 Million Facility on Staten Island

Brooklyn Brewery Looking to Open $70 Million Facility on Staten Island

Beer drinkers rejoice! One of the strongest and longest-running brewing companies in New York City is looking to expand from its roots in Brooklyn somewhere on the western shore of Staten Island in response to the rising demand for its products.…

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TODAY’S DEALS: Colliers’ Cooke Team Brokers $168.5M Phoenix Portfolio Sale

TODAY’S DEALS: Colliers’ Cooke Team Brokers $168.5M Phoenix Portfolio Sale

Colliers' Cooke Team completes the largest Phoenix multifamily portfolio sale year-to-date; Charles Dunn Company brokers a $6.9 million sale in California's San Fernando Valley; and Besen & Associates brokers the sales of two Manhattan buildings.…

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Staten Island Mall to Expand by 445,000 Sq.Ft.

Staten Island Mall to Expand by 445,000 Sq.Ft.

It’s been almost two years since Superstorm Sandy hit New York City and all of its five boroughs are still working hard to recover after the disaster. Staten Island, the most badly damaged of them, is bustling with growth and development projects that are meant to revitalize the area and…

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