Follow The Real Deal’s Deal Sheet on Instagram!

Shaya Sonnenschein and Shaya Ackerman of Meridian Capital Group represented the owner, Marx Development Group. The loan was issued by Mack Real Estate Credit Strategies. #commercialrealestate #nycrealestate #trdny #trddealsheet #nyc #nycloans #trdloans A post shared by The Real Deal’s Deal Sheet (@trddeals) on Jun 20, 2018 at 10:17am PDT The Real Deal’s Deal Sheet is on Instagram! Our latest social media channel features snaps of retail and office leases, financing acquisitions and commercial and residential […]

source https://therealdeal.com/2019/04/01/follow-the-real-deals-deal-sheet-on-instagram-11/

Ahead of its IPO, Airbnb makes big investment in Indian unicorn

Airbnb has confirmed that it has invested in OYO, an Indian company that manages budget hotels, as it prepares for a highly-anticipated IPO. Neither company would confirm the size of Airbnb’s investment, but it is rumored to be between $150 million and $200 million, according to TechCrunch. OYO, which stands for “On Your Own,” has now raised more than $1.5 billion from investors. The deal should help Airbnb increase its presence in India, which it […]

source https://therealdeal.com/2019/04/01/ahead-of-its-ipo-airbnb-makes-big-investment-in-indian-unicorn/

Brooklyn’s luxury market saw 13 contracts signed last week

There were 13 contracts signed in Brooklyn’s luxury market last week for a total of about $42.8 million. The properties were split between seven condominiums, five townhouses and one co-op, and they went for an average price of about $3.3 million, according to the latest report from Stribling & Associates. The firm defines the borough’s luxury market as all homes priced at $2 million or higher. Contract and dollar volume were both down slightly from […]

source https://therealdeal.com/2019/04/01/brooklyns-luxury-market-saw-13-contracts-signed-last-week/

There were 21 deals last week in Manhattan’s luxury market

Manhattan’s luxury market saw 21 contracts signed last week for a total of about $196 million, according to the latest report from Olshan Realty. The contracts signed at $4 million or above were split between 15 condominiums, four townhouses and two co-ops. Total sales and dollar volume were both down slightly from the week before, when 27 contracts were signed for $199.5 million. The top contract last week was for a townhouse at 11 West […]

source https://therealdeal.com/2019/04/01/there-were-21-deals-last-week-in-manhattans-luxury-market/

Don’t expect a deal on Fannie and Freddie anytime soon

Fannie Mae and Freddie Mac aren’t likely to be released from government control anytime soon. There are basically two schools of thought on how to reform the companies, according to the Wall Street Journal. Shareholders want them to be recapitalized and out from under government control as quickly as possible, while others support a more thorough solution that would necessitate new laws. Shares of Fannie and Freddie are basically worthless right now, but their value […]

source https://therealdeal.com/2019/04/01/dont-expect-a-deal-on-fannie-and-freddie-anytime-soon/

Remember that state board linked to Amazon’s departure? Cuomo sure does.

Part of this year’s budget in Albany appears designed to help Gov. Andrew Cuomo avoid another Amazon-type debacle. The tech giant backed out of plans to build a large campus in Long Island City, Queens after state Senate leaders nominated Sen. Mike Gianaris, a critic of the Amazon plan, to the Public Authorities Control Board, which needed to approve some of the state incentives that were part of the Amazon deal. The law currently says […]

source https://therealdeal.com/2019/04/01/remember-that-state-board-linked-to-amazons-departure-cuomo-sure-does/

These are the busiest builders in Miami

For more than a year, nearly 850 construction workers have been furiously transforming 27 acres of once-abandoned lots in downtown Miami into one of the biggest developments in city history. Within the sprawling $4 billion Miami Worldcenter project, work crews have completed a 444-unit rental apartment tower called Caoba while putting the finishing touches on the 60-floor luxury condominium Paramount Miami Worldcenter and starting on the first phase of the development’s open-air retail and restaurant […]

source https://therealdeal.com/miami/issues_articles/top-construction-firms-miami-dade/#new_tab