Rubenstein Partners hires RXR’s head of acquisitions

Rubenstein Partners poached the acquisitions guru who helped build RXR Realty from a suburban office investor to one of the city’s biggest commercial landlords as the Philadelphia-based company looks to grow its footprint in New York. Robert Andrews joined Rubenstein as director of its burgeoning New York City office, company executives told The Real Deal. […]

Kushner Companies hit with class-action suit at multifamily megacomplex

Tenants of the Baltimore-area apartment complexes owned by Jared Kushner’s real-estate company have brought a class-action lawsuit against the firm’s property management arm over its aggressive pursuit of tenants for allegedly unpaid rent. The lawsuit, filed Wednesday in Circuit Court for Baltimore City, alleges that the management company and related corporate entities have been improperly […]

Troubled Staten Island property barred from reopening as a hotel

A controversial Staten Island hotel that had problems with bedbugs, roaches and mold before a fire destroyed it in July 2015 will not get to reopen as a hotel. Staten Island Borough President James Oddo said that the Midland Motor Inn, a former hotel at 630 Midland Avenue, can no longer be a transient hotel since […]

Vanbarton buys WeWork-anchored LA building from CIM: sources

From TRD LA: Vanbarton Group acquired a WeWork-anchored building on the Hollywood Walk of Fame in an off-market deal with CIM Group that closed Friday, The Real Deal has learned. The New York-based investor bought the six-story building at 7083 Hollywood Boulevard for $42 million, according to sources with knowledge of the deal. That equates […]

George Xu planning Jamaica resi building

George Xu has filed plans for yet another residential project in Queens. Century Development Group, the firm led by the prolific Queens developer, filed plans on Monday with the Department of Buildings for a nine-story building with 90 residential units at 148-29 90th Avenue in Jamaica. The building would span 69,789 square feet and be […]