Elliman agent jumps to Corcoran after 20 years 

July 8, 2025 / no comments

A longtime Douglas Elliman agent is moving to Corcoran, and bringing a loot of sponsor projects with her.  Kathy Murray, who had been at Elliman for over 20 years and done over $1 billion in lifetime sales volume, announced her departure on Tuesday.  Murray was named a top 50 broker by The Real Deal in […]

This article originally appeared on The Real Deal. Click here to read the full story.

Velto Pickleball Club inks lease at LIVWRK’s Red Hook building

July 8, 2025 / no comments

A converted industrial building in Red Hook has landed another tenant. Velto Pickleball Club is taking 14,000 square feet at 160 Van Brunt Street in Red Hook, a former ship-engine repair building that was developed by LIVWRK and David Brecher of FM Capital. The start-up inked a 10-year lease on the second floor of the […]

This article originally appeared on The Real Deal. Click here to read the full story.

FSA Capital’s Flushing development scores $89M loan

July 8, 2025 / no comments

A Flushing development is one step closer to completion.  A borrower connected to FSA Capital secured $89 million in aggregate financing in part from Ponce Bank for a mixed-use development at 133-09 37th Avenue in Queens. The documents were signed June 23 and hit city records on July 3.  FSA is planning to construct a […]

This article originally appeared on The Real Deal. Click here to read the full story.

Global Investment Firm To Buy 1,600 Sun Belt Apartments For $227M

July 8, 2025 / no comments

Slate Asset Management has turned to the Sun Belt after spending most of 2025 looking for profits outside the U.S. 
The Chicago-based private investment firm agreed to pay $226.5M for a 1,600-unit portfolio of multifamily units across Florida, Georgia and Arizona. The roughly $142K-per-unit deal spanning six garden-style properties comes as the Sun Belt, a darling of pandemic-era investment, sees multifamily rent growth sputter amid a wave of deliveries pushing some capital into the Midwest. 

Tenants at RXR’s Helmsley Building jump ship 

July 8, 2025 / no comments

A foreclosure action filed against RXR’s Helmsley Building seems to have sent tenants running for the exits. The vacancy rate at 230 Park Avenue in Midtown Manhattan exploded to 44 percent, doubling from the 20 percent vacancy rate at the time of the December filing, Crain’s reported. The increased stress at the property came to […]

This article originally appeared on The Real Deal. Click here to read the full story.