The lender, which had provided $85 million of mezzanine debt against the equity in the seven select-service hotels, has taken over the properties They previously were owned by a venture of Hersha Hospitality Trust and Cindat Capital Management The...
The Real Deal The Icahn School of Medicine at Mount Sinai has agreed to lease 165,000 square feet of laboratory space at 787 Eleventh Ave, a 449,667-sf mixed-use building in Manhattan A venture of Georgetown Co and Pershing Square Capital Management...
Commercial Observer CIM Group has secured $400 million of financing against the 745,000-square-foot office building at 1440 Broadway in Manhattan JPMorgan Chase Bank provided a $300 million loan, which will be securitized in an upcoming,...
Commercial Real Estate Direct Staff Report Harbor Group International has paid $309 million for eight apartment properties with 2,322 units in North Carolina and Virginia The Norfolk, Va, investment manager bought the portfolio from a venture of...
South Florida Business Journal CIBC Bank USA has provided $1538 million of construction financing for the development of a 200,000-square-foot warehouse in Jupiter, Fla TPA Group recently broke ground on the industrial project, at 15601 Park of...
Crain’s New York Business The Trump Organization has sued footwear company Marc Fisher for unpaid rent at the Trump Tower mixed-use building in Manhattan The suit, filed in New York State Supreme Court in Manhattan, alleges that Fisher owes...
Crain’s New York Business B&F Management has filed plans for a 121-unit residential condominium project in Manhattan The 33-story building, at 12 East 37th St, will include a commercial component The development site is between Madison and...
Boston Globe Alexandria Real Estate Equities has agreed to acquire the 250,000-square-foot Watertown Mall in the Boston suburb of Watertown, Mass The Pasadena, Calif, REIT is buying the property from Rosen Associates Management Corp of New York...
Square Mile Capital Management has provided $5725 million of financing against the 179-unit Monarch Buena Vista apartment property in Vista, Calif, which is roughly 40 miles north of San Diego The loan, arranged by JLL Capital Markets, is designed...
Commercial Observer A venture of APF Properties and Drake Street Partners is converting the former warehouse at 60 Charlton St in Manhattan into 100,000 square feet of office space It bought the six-story building four years ago for $65 million,...
