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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 newsletter 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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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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Acquisitions
Daily Beat newsletter 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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