The 1970-built Mitchell-Lama property will continue to stay affordable housing and receive improvements.

Owners of the Gargiulo's Restaurant in Coney Island, Brooklyn have implemented a 99-year ground lease on their property at 1517 Surf Ave., a near full-block of development land just blocks away from the Coney Island beach waterfront.

Workplace management platform Eden has become the matchmaker for enterprise businesses in search of third-party vendors, and the company has no plans on stopping as scaling up and rebranding becomes its top priority.

Long Island City was marked X on the treasure map. Then Amazon pulled out, leaving the CRE industry to wonder what's next? Short answer: Big corporate leases and an $880 million recapitalization at One Court Square.

The $85 million LIBOR floating loan will replace the existing construction loan and provide needed funds for tenant improvements and leasing commissions during lease-up.

New York State Gov. Andrew Cuomo has announced that Pennsylvania Station is going to see a well-needed expansion with an additional eight new tracks upon the acquisition of an entire Manhattan block.

Madison International Realty, a real estate private equity firm, has closed on the recapitalization of a $275M multifamily portfolio in New York. The deal includes Urban American, an apartment operator who will continue to manage the 15 properties.

Investors are rushing in to break ground on community facility and residential-focused developments in the Bronx. But not ZG Capital Partners, the development firm see's an opportunity to roll-out creative office for a live-work-play feel.