News/Events
Dwight Investment Management Provides $73M Refi for Reno’s Ballpark Apartments
Play ball! A joint venture between Bridge Investment Group and Pacific Development has scored $73 million of bridge debt to refinance its newly built Ballpark Apartments property in Reno, Nev., Commercial Observer has learned. Dwight Investment Management supplied the loan for the 368-unit complex that overlooks Greater Nevada Field, home of the Reno Aces, a…
The NYC Community Opportunity to Purchase Act Passed — Now What?
The New York City Council passed the Community Opportunity to Purchase Act (COPA) on Thursday afternoon after six years of revisions and a mayoral veto. The law, passed 38-9 by City Council members, gives nonprofit organizations — with or without joint venture partners — first dibs on rent-stabilized buildings being sold. It aims to transfer…
KKR Refis Brooklyn Apartments With $95M Loan
A joint venture involving Avery Hall Investments, Bridge Investment Group and Declaration Partners has sealed a $95 million loan to refinance a newly built multifamily property in Brooklyn’s Gowanus neighborhood, Commercial Observer has learned. KKR supplied the 10-year, fixed-rate loan for the sponsorship’s 17-story apartment building at 544 Carroll Street that was completed late last…
'Illegitimate' Or 'Leveling The Playing Field'?: Why Habitability Cases Are Surging In Eviction Court
Landlords and tenant advocates disagree on the authenticity of many of the claims.
FoxRock Buys Quincy Office At 78% Discount After Luring Tenant Away
The Quincy-based firm also owns the office building next door, at 1200 Crown Colony Drive.
COPA Passes City Council, Heads To Mamdani's Desk
The bill gives nonprofit groups the right of first refusal to buy more than 2,000 NYC troubled apartment buildings.
SL Green's $2.5B Sell-Off Hits Interest Rate Snag
Soaring borrowing costs have started to eat into the good vibes at Manhattan's largest office landlord.
Developer Pitches Massive Hospitality, Maker Space District South Of Austin
The project could include a hotel and conference center, sports arenas, a golf course, 5,000-person amphitheater, maker spaces and industrial space.
$3B Foundry Park Project Breaks Ground: The Chicago Deal Sheet
JDL Development and Kayne Anderson Real Estate held a groundbreaking ceremony Wednesday alongside city officials to kick off the first phase of development.
