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Politics
Two Bridges development project halted
August 6, 2019A state justice in Manhattan ruled that the Two Bridges development project on the Lower East Side could...
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PropTech
JPMorgan & Goldman Sachs to lead WeWork’s IPO
August 5, 2019WeWork is close to naming JPMorgan and Goldman Sachs to lead its initial public offering next month. The fee...
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Acquisitions
Real Estate Roundup 8.5.19
August 5, 2019Sabet Group has acquired 457 Broome Street in Soho for $21.3 million. The property spans 25,000 SF, and...
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Financing
Durst & BoA secure $1.6 billion to refi One Bryant Park
August 4, 2019Durst Organization + Bank of America (BoA) have secured a $1.6 billion refinancing for One Bryant Park...
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Financing
Marx Realty refinances 10 Grand Central
August 4, 2019Marx Realty has secured an $140 million loan from MetLife to refinance its 35-story office tower at 10 Grand...
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Politics
Interest Rates cut a quarter point
August 4, 2019The Federal Reserve cut interest rates by a quarter point earlier this week for the first time in...
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PropTech
Latch raises $56 million at a $400 million valuation
August 3, 2019Digital lock startup Latch has raised $56 million in a new funding round led by Avenir Growth Capital, valuing...
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Acquisitions
Real Estate Roundup 8.2.19
August 2, 2019Financing The Torkian Group has secured a $43 million mortgage from AIG to refinance 311 West 50th...
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Acquisitions
L+M & Invesco pay $1.2 billion for 2,800 unit Putnam portfolio
July 31, 2019L+M Development Partners and Invesco Real Estate have agreed pay $1.2 billion for the 2,800-unit portion of...
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PropTech
Crackdown on Airbnb continues
August 21, 2019The city filed a lawsuit against Slavik Gofman alleging he illegally advertised for short-term rental units (i.e. Airbnb)...
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PropTech
Value of Taxi medallions crumbling
August 21, 2019Data released by the NYC Taxi and Limousine Commission quantifies the impact Uber and Lyft have...
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Politics
Construction costs continue to rise
August 21, 2019General contractors are suffering from delays in part due to the escalation in the trade war between the...
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Acquisitions
Taconic acquires piece of ABC Campus
August 21, 2019Taconic Investment Partners has acquired 125 West Side Avenue, 320 West 66th Street, and Lot 61 from Silverstein...
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Acquisitions
Real Estate Roundup 8.14.19
August 21, 2019Real Estate Roundup Acquisitions 1)Nathan Berman’s Metro Loft Management has entered into contract to acquire AIG’s 31-story office...
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