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Refinancing Secured for Landmark NYC Building

Refinancing Secured for Landmark NYC Building

by Phil Hall | Feb 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Capital Markets Group at JLL (NYSE:JLL) has secured the $395 million refinancing of 70 Pine St., a landmarked 66-story property in the heart of New York City’s Financial District. The property was built in 1932 as the offices of Cities Service Company (later known...
Brick Underground, a NYC Real Estate News Site, to Shut Down

Brick Underground, a NYC Real Estate News Site, to Shut Down

by Phil Hall | Feb 12, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Brick Underground, an independent media resource covering New York City’s real estate news, announced it will be closing at the end of the month unless it can find someone to buy its operations. Brick Underground was founded in 2009 by Teri Karush Rogers, a journalist...
NYC Recorded Lopsided Housing Construction Filings in Q4 2023

NYC Recorded Lopsided Housing Construction Filings in Q4 2023

by Phil Hall | Feb 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City recorded 728 new building filings during the fourth quarter of 2023, which was 48% higher than the historical average dating back to 2008, according to new data from the Real Estate Board of New York (REBNY). However, this surge in housing construction...
Full-Floor NYC Condo Sells for Nearly $62 Million

Full-Floor NYC Condo Sells for Nearly $62 Million

by Phil Hall | Feb 5, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A full-floor condominium apartment on New York City’s Fifth Avenue has sold for $61.58 million. The Wall Street Journal reported the unit on the 24th floor of Aman New York, formerly the Crown Building, encompasses 6,300 square feet. The unit was originally prices at...
JLL to Market NYC’s Roosevelt Hotel After the Migrants Leave

JLL to Market NYC’s Roosevelt Hotel After the Migrants Leave

by Phil Hall | Feb 5, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

New York City’s Roosevelt Hotel, a historic venue that establishment that is now housing serving as the centralized intake center for the waves of illegal immigrants being brought into the city, will have a new life as a mixed-use project after the city’s lease on the...
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