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Politics
De Blasio preserves housing budget
October 23, 2020Mayor Bill de Blasio announced that $466 million would be restored to the Department of Housing Preservation and...
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Financing
SL Green sells B-note on One Court Square
October 23, 2020SL Green has sold its $100 million B-Note on One Court Square to Davidson Kempner Capital Group, according...
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Financing
Silverstein lands Refi at 120 Wall Street
October 23, 2020Silverstein Properties has secured a $165 million loan from Wells Fargo, JP Morgan Chase, and Citigroup to refinance its...
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PropTech
Travis Kalanick navigates the world of real estate in secrecy
October 21, 2020Travis Kalanick’s CloudKitchens has acquired more than 40 properties in nearly two dozen cities for more...
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Roundup
Real Estate Roundup 10.21.20
October 21, 2020Real Estate Roundup: National Acquisitions Roundup Blackstone has agreed to purchase an office complex in Silicon...
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Acquisitions
Pretium & Ares Mgmt buy Front Yard Residential
October 21, 2020Pretium and Ares Management have agreed to purchase Front Yard Residential in a deal valued at $2.4 billion that...
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Leasing
Prime Clerk inks lease in Sunset Park
October 21, 2020Legal services firm Prime Clerk has signed an eight-year lease at Salmar Properties’ 850 Third Avenue, an industrial and...
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Acquisitions
Nightingale Properties buys 14 53rd Street
October 21, 2020Nightingale Properties has acquired 14 53rd Street in Sunset Park from Madison Realty Capital (MRC) for $84.1 million. MRC...
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PropTech
Adam Neumann & SoftBank deserve each other
October 20, 2020WeWork and SoftBank Group paid Adam Neumann only a portion of the $185 million fee that...
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PropTech
WeWork faces default
October 26, 2020Ratings agency Fitch dropped WeWork’s long-term issuer default rating Thursday one notch from CCC+ to CCC. Both scales are...
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Roundup
Real Estate Roundup 10.26.20
October 26, 2020Real Estate Roundup: Acquisitions JLA Home has acquired four condos at 60 Guilders + Carlyle Group’s office conversion at...
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PropTech
Tishman Speyer joins SPAC frenzy
October 28, 2020Tishman Speyer has formed a $300 million SPAC, or special-purpose acquisition company. The real estate investor plans on...
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Acquisitions
Blackstone buys Simply Self Storage
October 26, 2020Blackstone Group has struck a deal to buy Simply Self Storage from Brookfield Asset Management for around $1.2 billion,...
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Financing
Lenders start cracking down on retail property owners
October 28, 2020During the early months of the pandemic, lenders were willing to allow rent deferrals and offer other concessions...
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Acquisitions
Sam Chang sells 140 West 28th Street
October 28, 2020Sam Chang’s McSam Hotel Group has sold a newly completed hotel at 140 West 28th Street in Chelsea...
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