Northeast
Tallying Up the Difference in New York
Following the Fed’s two emergency rate cuts, mortgage originations spiked. However, the impacts of the coronavirus pandemic have begun to manifest in other ways.
Major Manhattan Trophy Asset Lands Financing
Morgan Stanley and New York Community Bank provided the new loan for RXR Realty’s property, adding to $810 million in existing debt.
Top 15 Fastest-Growing Megacities: What’s Changing?
Populations in the world’s largest cities are expanding at remarkable rates. Although this is a positive trend for their economies, it also makes them vulnerable when confronted with a pandemic.
Philadelphia-Area Office Asset Trades for $200 PSF
Kairos Real Estate Partners and Artemis Real Estate Partners have sold 518 Township Line Road in Blue Bell, Pa., four years after acquiring the property at a steep discount.
Cypress Equities Obtains $90M to Expand Retail Center
The company will use the construction loan to complete the 157,000-square-foot second phase of a Walmart-anchored shopping center in Linden, N.J.
Cushman & Wakefield Arranges Sale of Grocery-Anchored New Jersey Asset
A team of eight brokers assisted the seller and procured the buyer for the 73,000-square-foot shopping center.
Black Creek Welcomes Whole Foods at New Hampshire Retail Center
The grocer joins a roster of tenants including T.J. Maxx, HomeGoods and Aspen Dental, among others.
Bronx Industrial Project Gets $305M Boost
Innovo Property Group and Square Mile Capital Management will use the financing to build the largest logistics facility in New York City.
Home of 1st New York Apple Store Gets $75M Refi
Crédit Agricole provided the financing package for Centurion Realty’s 28,000-square-foot SoHo building.
Commercial Showings Deemed Essential in New York
The state has just released guidance clarifying that certain in-person real estate activities are permitted to continue.