News/Events
Brooklyn Developers to Acquire Church Site in Downtown Brooklyn for Resi Project
Tankhouse and Lonicera Partners — a pair of Brooklyn-based developers — are in contract to acquire a church property in Downtown Brooklyn and build a new residential building on the site. The developers are set to buy the development site at 360 Schermerhorn Street on the border of Boerum Hill for $28.3 million from the…
ArrowMark Partners Refis Utah Apartments With $58M Bridge Loan
A joint venture between Alpha Development Group and Bow River Capital has sealed $58 million of bridge debt to refinance two newly delivered adjacent multifamily developments in Utah’s Heber Valley, Commercial Observer has learned. ArrowMark Partners provided the three-year fixed-rate loan to retire past construction debt and support lease-up of the Klein Huis at Turner…
Greenberg Traurig Hires Brian Helweil as Shareholder in Global Real Estate Practice
New York real estate attorney Brian Helweil has landed at law firm Greenberg Traurig. Helweil, an attorney with experience representing both landlords and tenants, will serve as a shareholder in the law firm’s global real estate practice in its New York office, according to a Tuesday announcement. “[Helweil] further strengthens our depth and expertise in…
Artifact Real Estate Buys Historic Odd Fellows Hall in Little Italy for $28M
An Uptown Manhattan landlord has purchased a Little Italy office building. Washington Heights-focused Artifact Real Estate Development purchased 165 Grand Street for $28 million from Bijan Nassi of Bijan Royal, according to a deed filing in property records Tuesday afternoon. Nassi, a controversial residential landlord who has fallen into poor standing with the New York City…
The Plan: Extell’s 70-Unit 50 West 66th Street Leans Into Luxury Via Hospitality
Central Park views? Check. An abundance of natural light? Check. Doorman? Check. Resort-quality amenities? Check. Honestly, once you move in there’s really no reason to ever leave Extell’s 50 West 66th Street. The 70-story condominium building has two sides: the house, which has 84 units, and the tower with 37 units. Residents began moving in…
AV Management Nabs SoHo Mixed-Use for $43M
Cushman & Wakefield arranged the sale of 73-75 Sullivan St., a newly constructed mixed-use property totaling 32,957 square feet and comprising 11 residential units and a ground-floor commercial space anchored by The Montessori School. The final sale price was $43,333,000. A Cushman & Wakefield team of Dylan Walsh, Niko Nicolaou, Ryan Dowd and Andrew Berry…
U.S. Multifamily Gains Momentum in Q2 2026 as Absorption Surges
The U.S. multifamily market gained momentum in the second quarter of 2026 as apartment demand accelerated and new construction continued to moderate, CBRE said Wednesday. Net absorption of 167,500 units nearly doubled the Q1 tally, while the national multifamily vacancy rate declined by 50 basis points quarter-over quarter to 4.3%, below its long-term average of…
Institutional Investor Snares San Dimas Light Industrial Park
SRS Real Estate Partners arranged the $41-million sale of San Dimas Commerce Center, a 19-building light industrial park located at 410-490 W. Arrow Hwy, in San Dimas. VP Dave Faris and EVP and senior managing principal Richard Schwartz represented the seller, San Dimas BP LLC. The buyer is an institutional investor with a national presence.…
10 States Alone Carry $1.4T In Wildfire Property Risk, Cotality Finds
The most at-risk states are spread across the U.S. West, with cities like Austin and Spokane, Washington, also at risk.
