New York
Chinese Buyer Pays More than $230 Million for Baccarat Hotel New York
Sunshine Insurance Group Co., a Chinese insurance group will buy the classy Baccarat Hotel New York in Midtown Manhattan for more than $230 million.
Cresa New York Has A New Principal In John Cahill
The New York office of Cresa is announcing that John Cahill is joining the firm as principal, senior advisor and New York head of Cresa’s life sciences practice.
The Montrose Changes Ownership, Goes Condo
The Montrose, a boutique rental building in Midtown Manhattan, was recently sold in a $75 million transaction brokered by HFF.
GKA-Designed Mixed-Use Building Under Way in East Williamsburg/Bushwick
A six-story, mixed-use building for artists is underway in Brooklyn’s East Williamsburg/Bushwick—which was named one of the coolest neighborhoods in the world in ranking published last fall by Vogue.
YOTEL Picks Williamsburg Site for New Micro-Hotel project
Almost four years after the first micro-hotel was successfully launched in Midtown Manhattan in 2011, the UK-based luxury hospitality chain YOTEL is planning to open a second cabin-like hotel in Brooklyn’s Williamsburg neighborhood.
SPOTLIGHT ON NEW YORK: Bed Bath & Beyond Heading to Brooklyn
After going through a $100 million makeover, the 1.1 million-square-foot Liberty View Industrial Plaza is rapidly becoming retailers’ most valued location in Brooklyn.
HFF Arranges $32 Million Loan for New Ace Hotel in Chinatown
The ten-story building that housed the Salvation Army Chinatown Community Shelter is set to be redeveloped into a new Ace Hotel.
Return of the King: NYC Takes Back Global Investment Crown from London
The results are in for AFIRE’s 23rd annual survey of foreign investors in real estate. Multi-family is in favor, though Washington, D.C., is slipping.
Broad Street Development Acquires Mulberry Street Multifamily Assets in $178.5 Million Deal
Broad Street Development recently announced the addition of two different multifamily buildings in the New York City market. The multi-faceted investor and developer paid Boston-based GID Investment Advisors LLC a fee of $178.5 million for the two properties located on Mulberry Street, an area situated at the corner of the Greenwich Village, SoHo and NoHo neighborhoods. According to the announcement, Broad Street acquired the two properties as part of its partnership with Crow Holdings, a national real estate investment fund.
Curbcut Urban Partners’ Joint Venture Throggs Neck Shopping Center Opens in the Bronx
A new shopping venue recently celebrated its grand opening in the Ferry point section of the Bronx, just in time for the holiday season.