Tag: New York City

63 Pitt Street Rendering

Parkview Financial provides $30 million construction loan for 12-story apartment building on Manhattan’s Lower...

Parkview Financial announced it has provided a $30 million construction loan to 63 Pitt Street, LLC for the construction of a 12-story, 59-unit, 40,773-square-foot...
Sunset at Manhattan

NYC landlords warehouse 50 percent of stock

Deals on apartments were so enticing that Tice, a tech worker, was willing to give up the most elusive of city dwellings: a rent-controlled...
1303-1309 Third Ave

Upper East Side multihousing development site sells for $32.325 million

JLL Capital Markets announced that it has completed the $32.325M sale of 1303-1309 Third Ave., a premier corner development site on New York City’s...
121 East 37th St

Multihousing property in Murray Hill sells for $8.7 million

JLL Capital Markets announced that it has completed the $8.7 million sale of 121 East 37th St., an 8,850-square-foot multihousing building in New York’s...

The fight over rental control is not over

Voters in California rejected a measure on November 3, 2020, that would have overturned a hard-fought compromise over rent control in one of the...
New York City

NYC rent declines surpass those of the great recession

New York City rents have fallen more this year than they did during the Great Recession, according to StreetEasy's November 2020 Market Reports. Driven by the Covid-19...

Rough times in NYC

Thousands of New York City apartment residents are not caught up on their rent. That hasn’t stopped building operations costs from coming due, even...
101 Daniel Low Terrace

GFI Realty trades Staten Island 112-unit six-story elevator asset for $11.9 million

GFI Realty Services, LLC announced the $11.9-million sale of 100 Belmont Place & 101 Daniel Low Terrace, two six-story elevator apartment buildings occupying a single lot,...

Fairstead appoints Gladys Chen as chief people officer

Fairstead, a fully-integrated real estate firm committed to affordable housing, announced the appointment of Gladys Chen as its first Chief People Officer (CPO). As Fairstead’s...
Archer Towers

JLL selected by BRP Companies to arrange joint venture equity for $286 million Archer...

JLL Capital Markets was selected by BRP Companies to arrange joint venture equity financing for the construction of the $286 million Archer Towers project....

What short-term rental lessons can be learned?

The last decade might well be defined as the sharing economy decade. And, leading the pack are short-term rentals. Houston-based Dunyha founder Tanvir Aman...

Multifamily investment stumbles in NYC in 2019

Low vacancy rate. Burgeoning population. Expensive real estate. The Big Apple’s multifamily market has always been the champion compared to the rest of the...

Rent control is illegal

New York City recently implemented its far-reaching Housing Stability and Tenant Protection Act of 2019. That law enacted extensive amendments, all plaintiff protective, to...
Brunsfield North Loop

Greystone provides $10.8 million in Fannie Mae DUS financing for Minneapolis multifamily acquisition

Greystone, a leading national commercial real estate lending, investment and advisory company, announced it has provided a $10.8 million Fannie Mae Delegated Underwriting and...

JLL arranges $386 million financing for 70 Pine Street

JLL announced today that it has arranged $386 million in financing for 70 Pine Street, a 66-story, 1.03 million-square-foot, mixed-use, Art Deco-style tower in...

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