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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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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 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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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
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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