Morgan Stanley to Lend $150Mln for Manhattan Office Buy

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...

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...