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Politics
New eviction legislation puts landlords in a bind
December 28, 2020New York lawmakers have reached a deal to pass a bill that would extend an eviction moratorium until...
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Financing
Gotham lands financing for Broome Street Development
December 28, 2020Gotham Organization + Goldman Sachs Urban Investment Group have secured $162.4 in construction financing from Wells Fargo + US Bank for...
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Financing
L+M lines up financing for Bronx Point
December 24, 2020L+M Development Partners is expected to close on $349 million in financing next week for Bronx Point, the...
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Politics
President Trump pardons Charles Kushner
December 24, 2020Former New Jersey Gov. Chris Christie called it “one of the most loathsome, disgusting crimes” he...
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Financing
NYC Real Estate’s rocky relationship with the Tel Aviv bond market
December 23, 2020Abraham Lesser first tapped the Tel Aviv bond market for financing in 2008. At the time,...
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Financing
Argent Ventures buys debt on 1605 Broadway
December 23, 2020Andrew Penson’s Argent Ventures is purchasing the senior mortgage on Vornado’s Crowne Plaza Times Square at 1605 Broadway for about...
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PropTech
SoftBank raising $604M SPAC from retail investors after WeWork debacle
December 23, 2020SoftBank’s Vision Fund is raising $604 million for a SPAC (AKA blank-check companies), the Wall Street Journal...
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Acquisitions
Petershill buys stake in Oak Street Real Estate Capital
December 23, 2020Petershill, a Goldman Sachs Group unit that buys stakes in alternative investment managers has made its...
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Acquisitions
Carmine Limited buys 1 Christopher Street for $95M
December 22, 2020Carmine Limited has acquired a multi-family building at 1 Christopher Street in the West Village from Jimmy Silber for...
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PropTech
Apartment List raises $50M venture round –– IPO on the horizon?
December 22, 2020Apartment List, a rental platform, has raised a $50 million equity round led by Janus Henderson...
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Leasing
Shopping centers & malls face existential crisis
December 22, 2020COVID-19 was the straw that broke the “malls” back, as the pandemic has accelerated the decline...
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Acquisitions
De Blasio to hotel developers –– good riddance!
December 22, 2020The Department of City Planning is moving forward with plans to require special permits for all new hotels in zoning...
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Financing
China Investment Corporation lands Refi for 1 New York Plaza
December 22, 2020China Investment Corporation (49% stake) + Brookfield (35% stake) + AEW (16% stake) have secured an $835 million loan from...
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Luxury
Manhattan luxury market continues hot streak
December 22, 2020Seventeen contracts were signed in Manhattan last week at over $4 million, slipping from 23 contracts that were...
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Leasing
Medly Pharmacy inks lease at 31 Debevoise Street for new HQ
December 22, 2020Startup Medly Pharmacy has signed a 5-year lease for a three-story HQ at 31 Debevoise Street (AKA 46...
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PropTech
Thoma Bravo acquires RealPage as dry powder piles up in real estate tech
December 22, 2020Private-equity firm Thoma Bravo has struck a deal to buy property-management-software provider RealPage for $9.6 billion, in one of the...
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Acquisitions
Ivy Realty acquires hotel at 338 West 39th Street
December 21, 2020Ivy Realty has acquired a hotel at 338 West 39th Street in the Garment District from Sam...
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Financing
L&L Holding taps EB-5 loans for TSX Broadway
December 21, 2020L&L Holding + Fortress Investment Group + Maefield Development have recently attracted more than $100 million in...
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Leasing
Dick’s partners with Instacart
December 21, 2020Dick’s Sporting Goods is teaming with Instacart to offer same-day delivery from more than 150 stores, in states including...
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Leasing
Office landlords confront tenants rethinking real estate needs
December 21, 2020As the global recession deepens and companies brace for the new normal that follows, business will...
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Acquisitions
ELO finally closes on deal with Chetrit for 15 West 47th Street
December 21, 2020The ELO Organization has closed on its acquisition of 15 West 47th Street from Isaac and Eli Chetrit + Ray...
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Leasing
Downtown Organic Market inks lease in Boerum Hill
December 21, 2020Downtown Organic Market has signed a lease for 6,150 SF at Adam America Real Estate’s 561 Pacific Street in...
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Politics
Important elements of stimulus bill for Real Estate
December 21, 2020Congressional leaders have finally reached a deal on a $900 billion coronavirus stimulus package. The bill is...
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Leasing
Apple closes stores in L.A. as COVID-19 cases spike
December 21, 2020Apple is temporarily closing its Los Angeles-area stores as Covid-19 cases jump in the region, Bloomberg...
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Financing
Mark Karasick lands $705M CMBS loan to close on 410 Tenth Ave
December 21, 2020Mark Karasick’s 601W Companies has secured a $705 million CMBS loan to close on its acquisition of 410...
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PropTech
Is the demise of Breather a bellwether for co-working?
December 18, 2020Co-working startup Breather has laid off the majority of its staff and plans to shutter all of its more...
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Leasing
Apple inks new lease in Brooklyn
December 17, 2020Apple has signed a 14-year lease for 2,766 square feet of retail space at 41 Flatbush...
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Acquisitions
JLL brings Coney Island development to the market
December 17, 2020National Grid has hired JLL to market a 16-acre site with nearly 1.5 million buildable SF...
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Acquisitions
Jake Sharp buys California Market for $57.5M
December 16, 2020Jake Sharp Capital has acquired the California Market at 450 South Western Avenue for $57.5 million...
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Politics
Mnuchin says no plans to privatize Fannie & Freddie
December 16, 2020Treasury Secretary Steve Mnuchin told the Wall Street Journal that the Trump administration will not privatize Fannie Mae and...
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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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