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Financing
Jeff Sutton lands Refi at 724 Fifth Avenue
March 12, 2021Jeff Sutton’s Wharton Properties has secured a $235 million loan from Aareal Capital Corporation to refinance 724 Fifth Avenue, according...
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PropTech
E-commerce is the future of retail
March 10, 2021The owner of Saks Fifth Avenue is splitting off its e-commerce business and raising $500 million from Insight Partners to...
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Acquisitions
Manhattan landlords warehouse units
March 10, 2021Manhattan landlords are pulling unrented apartments off the market at an unusually elevated rate, tightening inventory while rents...
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PropTech
VTS acquires Rise Buildings
March 10, 2021VTS has acquired fellow PropTech startup Rise Buildings, which provides an app to control operations and tenant experience...
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Acquisitions
RXR buys stake in Extell’s rental portfolio
March 2, 2021RXR Realty has acquired a 42% stake in Extell’s portfolio of Manhattan luxury rentals in a deal valued at...
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PropTech
Adam Neumann ends SoftBank feud with heist
March 2, 2021Adam Neumann has agreed to a 50% reduction on the payout he will receive from SoftBank, ending a...
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Politics
Marijuana legalization unlocks real estate value
February 18, 2021Voters in four states last year approved the recreational use of marijuana, and that is likely to...
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Financing
Acore Capital raises $1B hotel fund
February 18, 2021Acore Capital has raised $1 billion to make rescue investments in North American hotels, as lodging owners...
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Leasing
Real Estate wants consumer spending in stores
February 18, 2021The latest positive signs of a strong economic recovery came yesterday when the government said retail sales...
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PropTech
Real Estate Industry joins SPAC Craze
February 18, 2021Traditional Real Estate firms that have simply participated in venture rounds are joining the SPAC craze. Are...
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Leasing
Valentino inks lease in SoHo
February 11, 2021Valentino has signed a two-year, 8,800-SF retail lease at Invesco’s 135 Spring Street in SoHo, according to The Real...
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Leasing
Amazon inks massive lease in Red Hook
February 11, 2021Amazon has signed a 336,350-SF lease for a logistics facility at DH Property Holdings and Goldman Sachs’ 640 Columbia...
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Acquisitions
DivcoWest buys 325 Hudson Street
February 11, 2021Stuart Shiff’s DivcoWest has entered into a contract to acquire 325 Hudson Street in Hudson Square from Jamestown Properties + Netrality...
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PropTech
Adam Neumann backs startup Valon
February 5, 2021Startup Valon has raised a $50 million venture funding round led by a16z that included Adam Neumann, Bloomberg reported. The...
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PropTech
Divvy Homes locks in new venture round
February 5, 2021Divvy Homes has raised a $110 million venture round led by Tiger Global Management, TechCrunch first reported. The...
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Acquisitions
Amazon warehouse attracts new buyer
February 5, 2021BentallGreenOak has acquired a last-mile delivery facility at 2300 Linden Boulevard & 835 Essex Street in East...
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PropTech
Knotel files for bankruptcy
February 3, 2021Co-working startup Knotel filed for chapter 11 bankruptcy on Saturday, WSJ first reported. Although CEO Amol Sarva tried...
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PropTech
Weed legalization can bring real estate industry to new heights
February 3, 2021Senate Majority Leader Chuck Schumer said he will push to pass sweeping legislation that would end the federal...
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Financing
Madison Realty Capital provides $106M for Myrtle Point development
February 3, 2021Arch Companies and AB Capstone have secured $106 million in construction financing from Madison Realty Capital for a mixed-use project at...
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Leasing
Robinhood eyes NYC headquarters
February 1, 2021Robinhood, a favorite among retail traders who have recently been squeezing short sellers, is looking to...
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PropTech
Simon Property Group joins SPAC craze
February 1, 2021Simon Property Group (SPG) has formed a blank check company with a target value of $300 million....
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PropTech
WeWork in talks to go public as Knotel goes bankrupt
February 1, 2021WeWork is in talks to go public via an SPAC in a deal that would value the struggling co-working...
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Leasing
Apple TV+ inks Astoria lease
January 29, 2021Apple TV+ has leased 90,000 SF of soundstage and production space at Kaufman Astoria Studios (AKA 34-11 36th Street)....
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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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Acquisitions
Daily Beat newsletter now behind a paywall
January 4, 2021As of January 2021, the Real Estate Daily Beat is premium content and only sent to paying subscribers....
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