City of Boston, Developer Clash Over Proposed Skyscraper

Commercial Observer Moinian Group is planning to convert an additional 150,000 square feet of office space at the 450,000-sf 17 Battery Place in Lower Manhattan into 220 apartment units The New York investor has owned the 31-story building, also...

Bisnow JPMorgan Chase Bank has provided a $54 million loan against the 115-unit apartment property at 10 Downing St in Manhattan’s Greenwich Village area The loan allows the property’s owner, Stonehenge NYC, to retire a $573 million...

Commercial Observer Law firm McDermott Will & Schulte is in talks to lease about 150,000 square feet at the 930,000-sf 343 Madison Ave office building that BXP Inc is developing in Midtown Manhattan The Boston REIT is being represented by CBRE,...

New York Business Journal Spear Street Capital has paid $505 million, or $1,364/sf, for the 37,000-square-foot office building at 74 Eighth Ave in the West Village area of Manhattan The San Francisco investment manager bought the property from G4...

Commercial Observer Goldman Sachs Alternatives has provided a $1487 million bridge loan against the 188-unit Mabel apartment property at 335 Eighth Ave in the Chelsea section of Manhattan The loan, arranged by JLL, allowed the one-year-old...

Commercial Observer New Empire Corp has agreed to pay $51 million, or $70279/sf, for the 72,568-square-foot office building at 4 West 43rd St near Bryant Park in Midtown Manhattan The New York developer is buying the property from the Holy Spirit...

Commercial Observer Scale Lending has provided $108 million of financing to fund the conversion of the 297,703-square-foot office property at 770 Second Ave in Manhattan into 140 apartment units The property, in the borough’s Murray Hill...

The Real Deal Mark Epstein has tapped Newmark has been hired to market for sale the 60,000-square-foot office property at 515 Greenwich St in the Hudson Square area of Manhattan The property, which includes air rights, could potentially be converted...

Multi-Housing News Abacus Capital has paid $158 million, or $336,170/unit, for the 470-unit Abbey Lane apartment property in Danbury, Conn The New York investor acquired the property from 601W Cos, also of New York, which bought it in 2019 for $124...

Commercial Observer Highland Park Community Development Corp has leased the entire 289-room former Radisson Hotel at 52 William St in Manhattan’s Financial District The Brooklyn, NY, nonprofit leased the 20-story property from Slate Property...