Girish Gopalan of Meter: 5 Questions
Meter announced the acquisition of WiredScore, the global standard for building connectivity, integrating its certification program into Meter’s platform. The deal keeps WiredScore operating as an independent subsidiary under CEO William Newton, preserving its strong brand in the real‑estate community. Meter now offers a vertically integrated solution—hardware, software, and managed services—to deliver reliable, secure networks for commercial tenants, from startups to large enterprises. The company also anticipates higher demand as AI‑intensive tenants require greater bandwidth and lower latency.
Morris Betesh Points Arrow Real Estate Advisors on an Upward Path
Morris Betesh launched Arrow Real Estate Advisors in October 2024, expanding from 12 brokers to 34 across five offices in New York, New Jersey, Philadelphia, South Florida and Southern California. In 2025 the firm arranged $7 billion of lending across 165...
Capital One Lends $196M for MDH Industrial Portfolio
MDH Partners closed a $195.9 million loan from Capital One to finance a seven‑building, 1.6 million‑square‑foot industrial portfolio spanning Dallas‑Fort Worth, Southern California’s Inland Empire, Nashville and Salt Lake City. The assets are 91 % leased, reflecting robust demand for warehouse space. MDH...
Blackstone Nabs $154M to Refi Downtown Miami Office Complex
Blackstone secured a $154 million refinancing for the 2‑building, 339,000‑square‑foot MiamiCentral office complex in downtown Miami. The loan was provided by CIM Group’s private‑credit fund and brokered by Eastdil Secured. Blackstone bought the asset for $230 million in 2021 and now occupies...
Slate Property Group Leases 52 William Street to Homeless Services Nonprofit
Slate Property Group, which bought the former Radisson Hotel at 52 William Street for $95 million in 2024, has signed a lease with Highland Park Community Development Corporation, a nonprofit that serves people at risk of homelessness. The 119,467‑square‑foot, 20‑story building,...
Law Firm King & Spalding Adds 19K SF at L.A.’s U.S. Bank Tower
King & Spalding has expanded its Los Angeles footprint by nearly 19,000 square feet, now occupying the entire 16th floor of Silverstein Properties’ U.S. Bank Tower and part of the 15th floor. The law firm secured a five‑year lease extension...
Retailer Urban Outfitters to Open 15K-SF Store at 575 Fifth Avenue
Urban Outfitters is relocating from its 22,238‑sf flagship at 521 Fifth Avenue to a smaller 15,345‑sf space at 575 Fifth Avenue, slated to open in Q1 2027. The new lease runs 12 years with an annual rent of about $3 million, roughly $625...
Brookfield Sells Broward County Warehouses for $78M
Brookfield Properties sold the Deerfield Corporate Park industrial campus in Broward County for $77.6 million, more than double the $36.3 million it paid in 2019. Lincoln Property Company acquired the 247,079‑square‑foot, four‑building site, with a $52.3 million acquisition loan from Walton Street Capital....
Apple Bank Provides $42M Refi for Kaufman Organization’s Nelson Tower
The Kaufman Organization refinanced its 46‑story, 510,000‑sq‑ft Nelson Tower in Midtown Manhattan with a $42 million loan from Apple Bank, arranged by JLL Capital Markets. Apple Bank was drawn to the asset’s prime Penn District location, strong leasing metrics, and low...
Sovereign Partners, HudsonPoint Capital to Buy 575 Fifth Avenue for Roughly $385M
Sovereign Partners and HudsonPoint Capital have signed a contract to acquire the 40‑story 575 Fifth Avenue office tower in Midtown Manhattan for roughly $385 million. The 544,000‑square‑foot building includes about 504,000 sq ft of office space and 40,000 sq ft of retail, currently anchored by...
Affinius Capital Provides $70M Refi for Georgia Industrial Campus
Affinius Capital has provided a $70.2 million loan to refinance Terminal East, a 915,000‑square‑foot industrial logistics park in Savannah, Georgia. The complex consists of two buildings with high clear heights, 231 trailer stalls and 198 dock‑high doors, and sits less than six...
Lincoln Property Company Hires Sean Perrier for SoCal Industrial Deals
Lincoln Property Company (LPC) has hired Sean Perrier as vice president to lead industrial acquisitions in Southern California. Perrier, a former CBRE analyst and most recently a VP at CT Realty, will focus on sourcing and executing deals, especially in...
Stephen Ross Joins L&L, 13th Floor for Fourth Condo Project in West Palm Beach
Stephen Ross’s Related Ross is teaming with Wexford Real Estate Investors, 13th Floor Investments and an L&L Holding affiliate to develop a new condo project at 418 and 464 Fern Street in downtown West Palm Beach. The 2.2‑acre site, bought...
Forest Hills Synagogue to Sell to RJ Capital, Top Rock Holdings for $39M
New York real‑estate firms RJ Capital Holdings and Top Rock Holdings have signed a contract to purchase the Forest Hills Jewish Center for $39 million. The deal, approved by the state attorney general, also grants the congregation a $10 million credit toward...
Matthew Linde of People Restoring Communities: 5 Questions
People Restoring Communities (PRC), a third‑generation family firm, rebranded from Property Resources Corporation to signal an exclusive focus on affordable, mixed‑income housing. Brothers Matthew and Benjamin Linde assumed CEO and COO roles in 2022, shifting the business model toward a...
Hochul Provides $152M in Financing to Two NYC Affordable Housing Projects
New York Governor Kathy Hochul announced $152 million in state financing for two affordable‑housing projects in NYC. The Brooklyn development at 729 Van Sinderen Avenue will receive $79 million to build 193 units, including 116 supportive‑housing units, while the Bronx’s Taryn Tower...
Jess Beck of Alfred: 5 Questions
Alfred, a New York‑based residential property‑management platform, now oversees roughly 50,000 units nationwide. Co‑founder Jess Beck describes the company’s shift to a "PM 3.0" model that fuses technology, data, AI and a hospitality‑style resident experience under a single operating umbrella. The...
Witnick Real Estate Sells 525 Union Avenue in Williamsburg for $38M
Witnick Real Estate Partners sold the 46‑unit 525 Union Avenue building in Williamsburg for $38 million, up from the $26.7 million it paid in June 2023. The five‑story property, built in 2007, includes parking, a gym, rooftop terrace and in‑unit laundry, with...
Inflation Up 3.3% in March Amid Highest Inflationary Period Since 2022
U.S. consumer prices jumped 3.3% year‑over‑year in March, the steepest rise since June 2022, as the six‑week war with Iran shut the Strait of Hormuz and pushed crude toward $100 a barrel. Gasoline surged 21.2% and all fuel categories rose...
JP Morgan Chase Provides $282M SASB Loan on 1325 Avenue of the Americas Office Tower
Rithm Capital secured a $282.5 million non‑recourse SASB CMBS loan from JPMorgan Chase to refinance its interest in 1325 Avenue of the Americas, a 34‑story, 825,000‑sq‑ft Midtown Manhattan office tower. The interest‑only, five‑year loan carries a fixed 6.6 percent rate and replaces...
Simon Property Forges Ahead With New Leadership and a Reliably Bold Playbook
Simon Property Group, the nation’s largest mall REIT, announced a leadership transition after founder‑CEO David Simon’s death, appointing his son Eli Simon as chief executive officer and chief operating officer while veteran Larry Glasscock becomes non‑executive chairman. The REIT reported...
UPS Store Relocates Midtown South Outpost to 4K SF at 149 West 36th Street
UPS has signed a ten‑year lease for a 3,900‑square‑foot UPS Store at 149 West 36th Street in Midtown South, covering ground‑floor and basement space. The lease consolidates the former 147 West 36th Street parcel, previously home to Fashion Terminal, into a single retail footprint. The...
MF1 Lends $81M for Baltimore-Area Apartment Portfolio
MF1 Capital originated an $81.4 million bridge loan for Metropolitan Properties to acquire and refinance a two‑property multifamily portfolio in suburban Baltimore. The financing, structured as a single cross‑collateralized deal, funds the purchase of Owings Park Apartments, upgrades both assets, and refinances...
Poverty-Fighting Nonprofit Robin Hood Signs 53K-SF Deal at 841 Broadway
Robin Hood, the New York‑based anti‑poverty nonprofit, has signed a 30‑year lease for 53,000 square feet at 841 Broadway, moving from its former 826 Broadway location to the fifth through eighth floors of the Roosevelt Building. The lease, negotiated by JLL’s nonprofit practice, carries...
Jewelry Purveyor Pandora Signs 4K-SF Retail Lease at Rudin’s 3 Times Square
Pandora has signed a 4,107‑square‑foot lease at Rudin’s 3 Times Square, committing to a 10‑year‑and‑six‑month term for a flagship store. The location sits on Seventh Avenue between West 42nd and West 43rd streets, adjacent to the brand’s North American headquarters...
Gindi Capital Acquires 163K-SF Office Building, Retail Condos in Downtown Brooklyn
Gindi Capital acquired two Downtown Brooklyn assets—a 162,891‑square‑foot office building at 25 Elm Place and retail condominium units at 486‑496 Fulton Street—for a combined $70 million. The purchase was financed with a $50.4 million loan from Athene Annuity and Life Company, an Apollo...
Nuveen Buys Suburban South Florida Retail Center for $46M
Nuveen, the real‑estate subsidiary of TIAA, purchased the 23.2‑acre Coral Landings III retail center in Broward County for $46.3 million, financed by a $52.2 million Bank of America loan. The open‑air asset spans 172,526 sq ft and commands $268 per square foot, reflecting a 23 percent...
SYU Properties Sells Bed-Stuy Retail Buildings to Residential Landlord for $36M
SYU Properties sold three single‑story retail buildings at 1101, 1103 and 1123 Myrtle Avenue in Bedford‑Stuyvesant for $35.5 million to residential landlord Secured Management. SYU originally bought the parcels for $11.4 million in 2009, delivering more than a 200% gain. The transaction...
Fifth Avenue Office Tower With Links to Iran Finds New Ownership
A Delaware nonprofit, the Amir Kabir Foundation, has taken ownership of the 36‑story 650 Fifth Avenue office tower after a multistage $609 million transfer that resolves a two‑decade legal fight over alleged Iranian government ties. The deal is part of a...
Welltower Buys Palm Beach County Assisted Living Facility for $87M
Welltower, the senior‑living REIT, acquired The Arbor at Lake Worth in Florida for $87.2 million, a price roughly 36 percent higher than the $64 million paid two years earlier. The 366,000‑square‑foot campus houses 377 assisted‑living units, a recreation center, auditorium and a nursing...
ESRT to Sell 250 West 57th Street to Namdar Realty Group for $280M
Empire State Realty Trust has agreed to sell its 26‑story, 540,000‑sq‑ft office building at 250 West 57th Street to Namdar Realty Group for approximately $280 million. The price represents a $70 million discount from the $350 million asking price announced in February. The Midtown...
Promethean Builders, AccuWeather Ink 17K SF In Deals at Chelsea Tower
Promethean Builders and AccuWeather have together leased 16,783 square feet in GFP Real Estate’s 322 Eighth Avenue, a Class B office tower in Manhattan’s Chelsea neighborhood. Promethean signed a seven‑year lease for the entire 13th‑floor, 10,200‑square‑foot space, while AccuWeather took a five‑year...
Cottonwood Group, City of Boston Provide $172M Construction Loan for Housing Complex
Cottonwood Group, the City of Boston, Leggat McCall Properties and Joseph J. Corcoran Company have secured a $172 million construction loan to build a nine‑story, 266‑unit mixed‑income building in Boston’s Charlestown Bunker Hill redevelopment. Cottonwood is providing $122 million in debt while...
Workforce Housing Mogul Bob Hart Knows His Market Well
TruAmerica Multifamily announced the closing of a $708 million workforce housing fund, its second large‑scale capital vehicle aimed at building affordable rental apartments across the United States. The fund, raised from a mix of domestic and international investors, adds to TruAmerica’s...
In New York City, the Ballot Is the New Zoning Map
The article argues that New York City real‑estate valuation now hinges on a fourth variable—voter behavior—because council elections decide zoning outcomes. Low‑turnout primaries often select a small, motivated electorate that shapes rezoning approvals and housing supply. As a result, two...
MF1 Lends $170M for Flatbush Multifamily Development
MF1 Capital has extended a $170 million refinancing loan to Clipper Equity for its 354‑unit multifamily project at 2366 Bedford Avenue in Flatbush, Brooklyn. The loan replaces a $140 million construction facility previously supplied by Scale Lending and is part of a...
New York City’s Rent-Stabilized Buildings Are Becoming a Long-Term Hold
Rent‑stabilized apartments in New York City have seen values plunge 30‑50% since the 2019 Housing Rent and Tenant Protection Act, and transaction volume fell sharply from $4.8 billion in 2015 to $1.1 billion in 2023. The law caps rent increases and prevents...
Barry Sternlicht’s LNR Sells Scribner Building to Aurora Capital for $54M
LNR Partners, a Starwood affiliate, sold the 597‑599 Fifth Avenue complex—including the historic 12‑story Scribner Building—to Aurora Capital for $54 million. The price reflects a roughly 35% discount to the $84 million valuation recorded after Starwood Property Trust’s January 2024 foreclosure. The...
Proptech’s Buzziest Buzzword: Workflow
Agentic AI is prompting proptech firms to add a missing workflow layer that ties together data platforms and management tools. Executives from Enaia, MRI Software, Kode Labs and Inspace argue that fragmented point solutions hinder efficiency and AI performance. Integrated...
RET Ventures Launches First AI-Native Accelerator for Multifamily
RET Ventures announced the launch of an AI‑native accelerator focused on early‑stage proptech startups serving the multifamily market. The inaugural cohort features Brightplace, an AI apartment‑search platform, and LeasingAI, which optimizes visibility on generative search engines like ChatGPT and Gemini....
Savills’ $1.1B Eastdil Secured Buy Creates Some Tantalizing Possibilities
British real‑estate broker Savills completed a $1.1 billion acquisition of U.S. advisory powerhouse Eastdil Secured, securing a dominant position in the American capital‑markets segment. Eastdil, which generated $633 million revenue and $113 million EBITDA in 2025, contributed $4.4 billion in investment‑sales activity in 2024,...
Kurv Pays $220M in South Fla.’s Largest Industrial Deal This Year
Kurv Industrial paid $220 million for a largely new distribution center in Pompano Beach, marking South Florida’s largest industrial transaction of 2024. The deal comprises three buildings totaling roughly 920,000 square feet, with Ares Management providing a $154.9 million acquisition loan. The...
Several Chinatown Buildings Find a Single Buyer for $21M
An unidentified investor, operating through the LLC 99‑91 Canal Project, purchased a cluster of commercial buildings at 99‑105, 95‑97 and 91 Canal Street in Manhattan’s Chinatown for $21.14 million. The properties, registered as office buildings with ground‑floor storefronts, include the artist‑run...
Convene’s Parent Company Secures $230M in Expansion Financing
Convene Hospitality Group (CHG) secured $230 million in new financing from TPG and existing backer Ares Management. The capital will fund aggressive expansion in the United States and United Kingdom, as well as strategic mergers and acquisitions. Recent leases in Manhattan...
Infinity Funds Refis Midtown East Apartments With $38M Loan
Infinity Funds has provided a $37.5 million loan to refinance Dalan Real Estate’s 164‑unit Midtown East multifamily building, The Centra, at 230 East 44th Street. The 14‑story, 135,315‑square‑foot property sits on a 91‑year ground lease and includes about 5,000 sq ft of commercial space leased to...
X-Caliber, CastleGreen Lend $26M for Buffalo Apartments Project
Sinatra & Company secured a $26 million financing package for its Heritage Point mixed‑use development in downtown Buffalo. X‑Caliber provided a $14.8 million senior construction loan while affiliate CastleGreen Finance contributed $11.2 million of long‑term, fixed‑rate C‑PACE debt. The 61‑unit, 30,000‑square‑foot project blends...
Miami Worldcenter Retail Property Sells for $210M
Jamestown and partners purchased the 272,966‑square‑foot retail portion of Miami Worldcenter for $210 million, including the 80,000‑sq‑ft Jewel Box building. The asset, now 97% leased, hosts marquee tenants such as Apple, Lululemon and Lucid Motors. It forms part of the $6 billion,...
2028 Olympics Hospitality Team Signs Big Office Lease in Downtown L.A.
On Location, the official hospitality provider for the 2028 Los Angeles Summer Olympics, signed a 108,272‑square‑foot lease at the 40‑story Union Bank Plaza, covering roughly 15 percent of the building’s rentable area. The lease terms were undisclosed, but the move...
New Plans for Bronx Site Where Earlier Project Led to Bankruptcy Filings
Dynamic Star has submitted a new plan to erect a 34‑story, 368,469‑square‑foot mixed‑use tower at 360 West Fordham Road in the Bronx. The site, previously part of the ambitious Fordham Landing affordable‑housing project that aimed for 927 low‑income units, is...
Mount Sinai OB-GYN Groups Relocate to 7K SF at 348 Amsterdam Avenue
Mount Sinai’s two OB‑GYN faculty practice groups are moving to a 7,000‑sq‑ft medical office at 348 Amsterdam Avenue on the Upper West Side. The space, formerly a Modell’s sporting‑goods store, is being gutted and will reopen in June with obstetrics,...
