News
Several Chinatown Buildings Find a Single Buyer for $21M
1+ day, 19+ hour ago (278+ words) A mystery buyer has acquired a substantial stretch of buildings between Forsyth Street and Eldridge Street in Manhattan's Chinatown. The $21.14 million sale recorded Friday saw the commercial buildings at 99-105, 95-97 and 91 Canal streets trade to an entity called 99-91 Canal Project. The…...
In Albany, Taxes and Red Tape Seize Spotlight in Addressing Housing
1+ day, 21+ hour ago (1361+ words) Affordability has been the buzzword of the year in Albany, but lawmakers have very different ideas over how to reduce the cost of living and ensure New York state can continue growing. This year, Gov. Kathy Hochul proposed in her…...
New York City Multifamily Filings Hit 12-Year High
1+ day, 20+ hour ago (406+ words) Planned multifamily housing units filed with the New York City Department of Buildings reached a 12-year high in March, with Midtown West's Hudson Yards and Manhattan's Garment District hosting the largest projects. Developers filed plans for a total of 11,984 apartments…...
Infinity Funds Refis Midtown East Apartments With $38M Loan
1+ day, 20+ hour ago (174+ words) Dalan Real Estate has nabbed a $37.5 million loan to refinance a multifamily building in Midtown East, Commercial Observer has learned. Infinity Funds provided the loan for Dalan's 164-unit property at 230 East 44th Street known as the Centra. HKS Real Estate Advisors…...
Jamestown-Led JV Buys Miami Worldcenter Retail Property for $210M
1+ day, 22+ hour ago (347+ words) A joint venture led by Jamestown paid $210 million for the retail component of the 27-acre Miami Worldcenter master development, one of the largest urban mixed-use projects in the country. The transaction covers 272,966 square feet of retail space, including the 80,000-square-foot…...
X-Caliber, CastleGreen Lend $26M for Buffalo Apartments Project
1+ day, 20+ hour ago (336+ words) Start spreadin" the news: A Western New York developer has its "Ol" Blue Eyes" on a mixed capital stack to finance a rental housing project." Developer Sinatra & Company has sealed $26 million of construction financing blended with Commercial Property Assessed Clean…...
Small Businesses Drive U.S. Job Gains in March: Report
1+ day, 19+ hour ago (344+ words) The U.S. economy in March made up for job losses that negatively impacted the unemployment rate in February, indicating a correction in the market, according to unemployment data released Friday. Private employers with headcounts of fewer than 19 people did the majority…...
Dynamic Star Plans 368K SF at 360 West Fordham Road Amid Bankruptcy
2+ day, 13+ hour ago (411+ words) Dynamic Star has filed plans to build a 368,469-square-foot mixed-use building at 360 West Fordham Road in the Bronx. Plans for the parcel come amid bankruptcy proceedings related to a previous plan at the site " bankruptcies initiated by Dynamic Star, the…...
2028 Olympics Hospitality Team Signs Big Office Lease in Downtown L.A.
2+ day, 40+ min ago (282+ words) The official hospitality provider for the 2028 Summer Olympics has signed Southern California's biggest office lease so far this year in Downtown Los Angeles. On Location " which fulfilled the same role for the 2024 Summer Olympics in Paris and the 2026 Winter Olympics…...
Stephen Ross Buys Broward County Office Campus for $37M
2+ day, 13+ hour ago (229+ words) While Stephen Ross spends billions in West Palm Beach trying to turn the South Florida city into a growing business hub, the billionaire developer has now extended his reach further south into Broward County. Ross's firm, Related Ross, paid $36.5 million…...