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Whole Foods has a Whole Lot to do with Manhattan Rent Appreciation
The average monthly apartment rent in Manhattan is $3,840 per unit, or $5.07 per square foot, according to CoStar and records. But when you look at the 9,500 market-rate units that are located within one-tenth of a mile of a Whole Foods...

Starrett City Sale Closes for $870M
Rockpoint and Brooksville Company are the new owners of Silver Creek Towers (Starrett City), less than a year after entering into a contract to buy the 153-acre affordable housing complex in Brooklyn from Starrett City Associates. According to public...

Newmark Adds to Valuation/Advisory Practice with New Teams, Hires in NYC and Florida
Newmark Knight Frank (NKF) has announced the addition of two new valuation and advisory teams based in New York City and the Florida markets of Boca Raton and Miami. The newly formed Tri-State team includes industry veterans Matt Victor, Joe Ferranti...

Long Island Office Absorption Rebounds in the First Half of 2018
Stony Brook Medicine opened a 104,000-square-foot Advanced Specialty Care facility in February at 500 Commack Rd. in Commack, NY. Long Island office absorption rebounded in the first half of the year, following a disappointing 2017. As of the second...

American Dream Meadowlands Remains Set for Spring 2019 Debut
Construction continues at the American Dream Meadowlands retail and entertainment site, though developers say the project could deliver soon.Credit: Triple Five Worldwide Long-awaited and long-delayed American Dream Meadowlands, a multi-billion dollar...

Ricardo Pagan Makes It Big
When it was announced late last year that downtown Los Angeles-based Claridge Properties had been selected to redevelop the city's Angel’s Landing property along with a team that includes San Francisco-based MacFarlane Partners and the New York-based...

Downtown Brooklyn Multifamily Investment Starts 2018 Strong
Sales volume in the Downtown Brooklyn multifamily submarket raced to a strong start in 2018, with roughly $50 million traded in the first quarter. Trading volume nearly quadrupled that of the first quarter of 2017 and was the highest recorded in a...

JV Sells Three Mixed-Use Buildings
A private investor acquired three mixed-use buildings at 119 - 123 Kent Ave. in Brooklyn, NY for $22.35 million, or more than $1 million per unit, from a joint venture partnership of Meral Property Group LLC, CW Realty Management and Joyland Management...

Tishman Speyer Secures Construction Financing for 11 Hoyt Condo Project
Tishman Speyer is dipping into the New York City luxury condominium market for the first time with its proposed development of the 480-unit 11 Hoyt project in downtown Brooklyn. As it readies to build, the storied developer has teed up $380.6 million...

MHP Real Estate Services, Banyan Street Capital Forge Alliance
New York-based MHP Real Estate Services has teamed with Banyan Street Capital of Miami to form one of the nation’s largest private commercial real estate companies with a combined portfolio valued at more than $3 billion. The two firms own and manage...

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