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Acquisitions
Christian Sinding’s EQT buys Exeter Property Group
January 29, 2021Christian Sinding’s EQT is acquiring Ward Fitzgerald’s Exeter Property Group for $1.9 billion in a stock-and-cash transaction. Exeter generated roughly...
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Politics
REBNY learns to tailor message to zeitgeist
January 29, 2021REBNY has joined forces with New York’s Legal Aid Society, a nonprofit that advocates on behalf of tenant...
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Leasing
Yelp looks to sublease Manhattan office space
January 29, 2021Yelp has quietly let brokers know that its 200,000 SF of office space at SL Green’s 11 Madison Avenue...
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Acquisitions
David Werner vs. Yoel Goldman
January 25, 2021David Werner has filed a lawsuit seeking the repayment of a $15 million deposit he made toward...
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PropTech
CoStar & Warburg Pincus vie for CoreLogic
January 25, 2021CoStar Group and a private equity group led by Warburg Pincus are the two final bidders competing for real...
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Leasing
Casino in Times Square? Budget shortfall makes it possibility
January 25, 2021With New York State desperately looking for new sources of revenue, real estate developers and gambling...
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PropTech
Latch to go public via Tishman Speyer SPAC
January 25, 2021Latch plans to go public by merging with a special-purpose acquisition company backed by Tishman Speyer,...
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Leasing
Urbanspace opens sixth NYC location
January 22, 2021Urbanspace will open its sixth Manhattan food hall in the Financial District, replacing a public walkway that...
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Leasing
Tenants & landlords allow for mutual survival
January 22, 2021Many landlords and small-business tenants are working in good faith to ensure each other’s survival. The...
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Leasing
Amazon becomes industrial real estate powerhouse
January 22, 2021Amazon has opened a 205,000-SF last-mile delivery facility at Prologis’ 1055 Bronx River Avenue in Soundview. The e-commerce...
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Politics
Rent regulated tenants fall behind
January 19, 2021Almost 200,000 of New York City’s rent-regulated tenants are more than two months behind on rent payments and...
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PropTech
Albertsons to pilot contactless PickUp kiosk
January 19, 2021Albertsons Companies announced that it’s the first American grocer to pilot an automated and contactless grocery PickUp...
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Financing
Madison Realty Capital provides $53M for Sunset Park development
January 19, 2021Heritage Equity Partners has secured a $53 million floating-rate construction loan from Madison Realty Capital for its development at...
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Leasing
Target posts strong Q3
January 14, 2021Target announced that winter holiday sales rose solidly as more shoppers bought goods online. Store-based sales increased...
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Luxury
NYC luxury market shows signs of life
January 14, 2021Twenty-seven contracts were signed last week for luxury condos or townhouses over $4 million. Over half of...
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Leasing
Square’s Jack Dorsey sends mix signals about remote work
January 14, 2021Cash App, a subsidiary of Jack Dorsey’s Square, has signed a 40,000-SF office lease at Boquen Realty’s 13 Crosby...
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PropTech
Sonder announces new hires
January 12, 2021Serviced apartment startup Sonder is beefing up its C-suite as it looks to move past a...
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Politics
What Joe Biden & Chuck Schumer mean for real estate
January 12, 2021Legislative expectations associated with tax reform should be tempered for President-elect Joe Biden and soon to be...
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PropTech
Jordan Vogel’s SPAC in talks to bring Faraday & Future public
January 12, 2021A real estate SPAC led by Benchmark Real Estate’s Jordan Vogel is in talks to bring Faraday & Future,...
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PropTech
Compass files for an IPO
January 11, 2021Compass has filed confidentially for an IPO. The residential real estate brokerage that fashions itself as...
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Politics
Extell bails on NYIT contract
January 11, 2021Gary Barnett’s Extell Development has filed a lawsuit against the New York Institute of Technology (NYIT), alleging the school didn’t...
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PropTech
iLobby raises $100M from Insight Partners
January 11, 2021iLobby, a startup that offers visitor management software to enterprise businesses, has raised a $100 million...
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Politics
Amazon uses affordable housing as lobbying and PR effort
January 11, 2021Amazon said it would commit more than $2 billion to create and preserve affordable housing in three of its...
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Acquisitions
REITs have tumbled to tremendous discount
January 11, 2021Brookfield Asset Management has made an offer to take its commercial real estate arm Brookfield Property Partners ($BPY) private...
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Politics
Socialist joins City Planning Commission
January 5, 2021Public advocate Jumaane Williams is set to nominate Cea Weaver, a left-wing tenant activist to the 13-person City Planning...
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PropTech
WeWork goes to war with Joe Chetrit
January 5, 2021WeWork has filed a lawsuit against the Chetrit Group after the developer threatened to draw down...
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Acquisitions
Daily Beat now behind a paywall
January 4, 2021As of January 4th, the Real Estate Daily Beat is premium content and only sent to paying subscribers....
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PropTech
SoftBank bails out Katerra. WeWork 2.0?
January 4, 2021SoftBank Group has agreed to invest an additional $200 million to bail out Katerra, according to the Wall...
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Acquisitions
Jonathan Rose buys Bronx affordable housing complex
January 4, 2021Jonathan Rose Companies has acquired an affordable housing property at 350 Saint Ann’s Avenue in the Bronx...
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Politics
Eviction ban stuns real estate industry
December 29, 2020A sweeping eviction ban that advanced in the New York State Legislature on Monday hurts struggling property owners....
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Acquisitions
Daily Beat now behind a paywall
January 4, 2021As of January 4th, the Real Estate Daily Beat is premium content and only sent to paying subscribers....
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