Developer Files Plans to Build 34-Unit Multifamily Property in Kingsbridge Heights
A developer named Darion Vilajeti has filed plans with the NYC Department of Buildings to replace an existing two‑story structure in Kingsbridge Heights with a six‑story, 34‑unit multifamily tower covering 22,210 sq ft. The design, led by C2B Architects’ Chad Firmstone, will likely feature four to six apartments per floor and a top‑floor penthouse, though unit specifics remain undisclosed. The proposal coincides with a nearby effort to convert the long‑vacant Kingsbridge Armory into community‑owned condos and 450 permanently affordable homes. Approval would add modest housing capacity to a borough facing tight supply.
Apollo Global Management Platform Company Inks 50K-SF Lease at 590 Madison Avenue
Apollo Global Management’s platform subsidiary signed a 10‑year lease for nearly 50,000 square feet across the 14th and 15th floors of 590 Madison Avenue. The lease, priced north of $120 per square foot, adds to Apollo’s earlier 100,000‑square‑foot commitment in...
Adam America Real Estate Hires David Brickman as CEO
Adam America Real Estate, a New York‑based multifamily developer, appointed David Brickman as CEO. Brickman, formerly a partner at Onex Real Estate Partners and Skyview Companies, will steer the firm’s growth and its investment and development platforms. The company, founded...
Morgan Stanley Refinances SoCal Self-Storage Portfolio
Morgan Stanley provided a $64 million loan to refinance five properties owned by SoCal Self Storage, a California self‑storage operator. The portfolio comprises 3,643 units and 344,616 net rentable square feet across Los Angeles, Pasadena, Rancho Santa Margarita and Sacramento. Talonvest...
New York’s Pied-À-Terre Tax Would Be Economic Self-Sabotage
Governor Kathy Hochul proposes a new annual levy on high‑value second homes in New York City, aimed at affluent part‑time residents. The pied‑à‑terre tax would add to existing property, transfer, and sales taxes, targeting owners who use their units intermittently...
ACRE Lands $123M to Build Second Miami Rental
Asia Capital Real Estate (ACRE) secured $123 million of floating‑rate debt from Canyon Partners to fund Adela II at MiMo Bay, a 337‑unit multifamily project in Miami’s Upper Eastside. The six‑story development will reserve 20 units for households earning 80‑120% of area...
Electrical Contractor Raiden Electric Inks 7K-SF Deal at 45 West 45th Street
Raiden Electric, a privately owned union electrical contractor, signed a 10‑year lease for 6,577 square feet on the entire 15th floor of AFIAA’s 45 West 45th Street tower in Midtown. The move relocates the firm from its Financial District address...
Health Food Brand Nut Bar to Open First U.S. Location at NYC’s 28 Greenwich Avenue
Toronto‑based health‑food chain Nut Bar announced its first U.S. store will open this fall in Manhattan’s Greenwich Village. The brand signed a 10‑year lease for 2,500 sq ft at 28 Greenwich Avenue, paying roughly $25,000 per month. The space, split between a...
Fisher Brothers Taps Former RFR Holding Exec Jonathan Frey to Lead Capital Markets
Jonathan Frey, former head of debt capital markets at RFR Holding, joined Fisher Brothers as managing director of capital markets in late March. He will drive Fisher’s capital markets strategy as the firm oversees $6.1 billion in assets across more than...
Manhattan Sees Strongest Quarter of Property Sales Since 2021: Report
Manhattan recorded its strongest quarter of property sales since 2021, with total deal volume rising 33% quarter‑over‑quarter to $3.7 billion across 92 transactions in Q1 2026. Multifamily led the surge, accounting for 44% of the market and generating $1.07 billion, while office...
Architecture Firm Populous Expands to 17K SF at RXR’s Starrett-Lehigh Building
Populous, the global architecture firm behind venues like The Sphere and Wembley, has renewed its 10,158‑square‑foot lease at RXR’s Starrett‑Lehigh Building for three more years and added 6,500 sq ft for seven years, bringing its total New York footprint to 16,658 sq ft on the...
Trinity and UBS Secure $600M Refi for Diplomat Resort in South Florida
Trinity Investments and UBS have refinanced the 1,000‑room Diplomat Beach Resort in Hollywood, Florida with a $600 million loan led by J.P. Morgan Chase ($420 million) and Citi ($180 million). The new mortgage pushes total debt to $600 million, up $148 million from the prior...
Insurance Firm CFC Inks 13K-SF Lease at 5 Penn Plaza
London‑based cyber‑insurance specialist CFC has signed a seven‑year lease for 13,065 square feet on the second floor of 5 Penn Plaza in Midtown Manhattan. The move relocates the firm from its previous New York office at 48 Wall Street in the...
Newmark Hires Ex-Citigroup Director Philip O’Bannon to Expand Data Center Investment
Newmark has appointed former Citigroup director Philip O’Bannon as senior managing director to lead its infrastructure capital markets unit. O’Bannon, who brings more than 20 years of investment‑banking and engineering experience, will focus on data centers, energy‑transition assets, power, utilities...
Mesa West Provides $47M Refi for 274-Unit Austin Apartment Complex
United Properties secured a $47 million short‑term first‑mortgage refinance for Bishop Momo, a 274‑unit apartment complex that opened in 2024 in Austin’s South Congress district. The loan was originated by Mesa West Capital with Newmark arranging the transaction. Bishop Momo offers studios to...
