New York Firm Takes 12% Stake in MGM Resorts for $1B

IAC is zeroing in on MGM Resorts’ online gaming revenue stream.

       

source https://feeds.feedblitz.com/~/633095124/0/globest/new-york~New-York-Firm-Takes-Stake-in-MGM-Resorts-for-B/

LIHC, Rockport Mortgage Provide $65M for Manhattan Affordable Housing

The FHA Section 223(f) refinancing loan will maintain the affordability of Renwick Garden Apartments in Kips Bay

       

source https://feeds.feedblitz.com/~/632803286/0/globest/new-york~LIHC-Rockport-Mortgage-Provide-M-for-Manhattan-Affordable-Housing/

Long Island Office Leasing Activity Posts Slowdown in Q2 Despite Suburbs' Appeal

Despite New York City based companies looking to suburbs for cheaper office space outside dense urban areas, leasing activity for Long Island office space experienced a slowdown in the second quarter.

       

source https://feeds.feedblitz.com/~/632691056/0/globest/new-york~Long-Island-Office-Leasing-Activity-Posts-Slowdown-in-Q-Despite-Suburbs-Appeal/

Skyline Properties: Focusing Strictly on OFF MARKET Transactions

JV Equity Secured for 534-Unit Multifamily Project in Queens

JLL Capital Markets secured $55 million for Cape Advisors’ 2.5 acre waterfront development in Astoria.

       

source https://feeds.feedblitz.com/~/632589516/0/globest/new-york~JV-Equity-Secured-for-Unit-Multifamily-Project-in-Queens/

Renters Are Increasingly Choosing Suburban Living Over Urban Areas

Zillow found that US rent growth has slowed this spring as heavy unemployment hit renters harder than homeowners.

       

source https://feeds.feedblitz.com/~/632586516/0/globest/new-york~Renters-Are-Increasingly-Choosing-Suburban-Living-Over-Urban-Areas/

Facebook Leases 730,000 SF at Vornado’s Farley Building

The Farley Building is a cornerstone of Vornado’s new Penn District, where the REIT owns 10 million square feet.

       

source https://feeds.feedblitz.com/~/632456466/0/globest/new-york~Facebook-Leases-SF-at-Vornado%e2%80%99s-Farley-Building/

New Rent Study Paints A Bleak Picture for NYC Restaurants and Bars

Of the respondents who replied that they were able to pay some of their rent, 53% said they were able to pay half, while 29.8% expected to pay less than half.

       

source https://feeds.feedblitz.com/~/632451132/0/globest/new-york~New-Rent-Study-Paints-A-Bleak-Picture-for-NYC-Restaurants-and-Bars/

Q2 2020 Major US Hotel Sales Survey

It appears that this downturn may very well produce a period that rivals the very best in both returns and depth of opportunity.

       

source https://feeds.feedblitz.com/~/632350510/0/globest/new-york~Q-Major-US-Hotel-Sales-Survey/