New York City, New York
Tag: New York City
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...
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...
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...
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...
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...
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...
Related and Hudson top out Riverwalk Park, a 21-story building bringing 340 new units...
Related Companies and The Hudson Companies today announced the topping out of Riverwalk Park, a 100 percent affordable, 340-unit building at 460 Main Street...
Merchants Capital announces more than $180m total financing for two new mixed-income, mixed-use projects...
Mortgage banking firm Merchants Capital has secured financing for two affordable housing developments, totaling more than $180.6 million, in the New York City area:...
