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...
Commercial Observer A venture of Sovereign Partners and HudsonPoint Capital has agreed to pay about $385 million, or $70772/sf, for the 544,000-square-foot office building at 575 Fifth Ave in Midtown Manhattan It is buying the 40-story building from...
Commercial Observer An investor group led by John Choi has paid $3355 million, or $203,636/unit, for four apartment buildings with a total of 165 units near Central Park in Manhattan The group, operating as Bando Geny 4 LLC of Los Angeles, bought...
Commercial Observer Madison Realty Capital has provided a $61 million loan against the 135-unit Braddock Park West apartment property in the northern New Jersey township of North Bergen The property, at 8601 Bergenline Ave, is owned by Sanz Property...
The Real Deal David Werner Real Estate Investments has agreed to pay about $40 million, or $20725/sf, for the 193,000-square-foot office property at 311 West 43rd St near Times Square in Manhattan’s Hell’s Kitchen area The New York...
Hoodline Gindi Capital has paid $55 million, or $33742/sf, for the 163,000-square-foot office property at 25 Elm Place in downtown Brooklyn, NY The Gindi family office—Ralph Gindi founded the Century 21 department store chain in 1961—bought the...
Commercial Observer MF1 Capital has provided $170 million of financing for the completion of the 354-unit apartment property at 2366 Bedford Ave in the Flatbush neighborhood of Brooklyn, NY The property, which is set to open this year, is being...
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