A rent-stabilized, five-story, walk-up building in Washington Heights has been sold for $5 million. The building at 560-562 West 175th Street features 60 apartments and two commercial spaces, totaling 56,300 square feet. Built in 1924, it was sold for a…
This is the second article in a four-part series highlighting student housing as a real estate asset class. The first article, “Educational Overview: Student Housing vs Multifamily Housing,” is live. Parker Champion Student housing has come a long way in…
The distressed loan rate among commercial real estate (CRE) collateralized loan obligations (CLO) originated prior to 2023 rose nearly 400% year-over-year from the end of 2022, Kroll Bond Rating Agency (KBRA) reported. The distress rate ended 2023 at 5.4%, compared…
Savanna, a New York City-based, vertically-integrated real estate investment manager, owner/operator and developer, has launched Savanna Advisory Services (SAS). The fee-based restructuring advisory unit offers restructuring and planning expertise along with full property-level execution of business plans to lenders and…
It’s bound to create a stir. With a per-square-foot listing price of more than $4,200, the sale of the Lucky Bastard Saloon property might set a new record. Besides being home to Lucky Bastard Saloon, the building is adjacent to…
New City will soon open Forth, a 196-room hotel and social club along Atlanta’s Eastside Trail. The $150 million tower will open this June. Forth becomes the first hotel with direct access to the BeltLine. Morris Adjmi Architects designed Forth….
Kyowa Kirin, a Japanese life sciences company, has selected Sanford, North Carolina, for its new pharmaceutical manufacturing complex. The $200 million investment will create more than 100 jobs. The company will utilize the Helix Innovation Park at the Brickyard, a…
Madison Communities closed on the financing for Madison Oglethorpe, an upscale garden-style multifamily development located directly adjacent to Oglethorpe Mall in Savannah, Georgia. The mall has over 100 shops and entertainment options. The financing included a $35.5 million construction loan…
JPMorgan Chase has unveiled major renovation plans for Chase Tower, its local headquarters building at 10 S. Dearborn Street. The 850-foot, 60-story skyscraper will undergo a transformation, and the Loop’s tallest building will become a modern, workplace with flexible, collaborative…
A new luxury wellness and skin rejuvenation center is slated to open in Indiana, serving Granger and neighboring communities in South Bend and St. Joseph County. dermani MEDSPA, a luxury medical spa backed by medical professionals, announced its newest location…
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