Commercial Observer Largo Investments has sold its recently completed 21,000-square-foot office building at 17 North 7th St in the Williamsburg section of Brooklyn, NY, for $24 million, or $1,143/sf The buyer, Shawnick Williamsburg LLC of New York,...
The Real Deal Triple Five Group, owner of the American Dream Mall in East Rutherford, NJ, has missed an $88 million payment on municipal bonds that was due Monday The bonds were used to help fund mall’s development The missed payment, however,...
New York YIMBY Construction of the exterior of 1162 Broadway, a 13-story office building in the North of Madison Square Park, or NoMad, section of Manhattan, has been completed The property, between West 27th and West 28th streets, is being...
Commercial Observer Related Fund Management has paid $61 million, or $18066/sf, for the 337,659-square-foot Packard Building mixed-use property in the Long Island City section of Queens, NY The family that started cosmetics giant Mana Products sold...
The Real Deal The Chetrit Group has secured $185 million of financing to fund the renovation of the 570-room Hotel Carter in Manhattan Mack Real Estate Credit Strategies provided the financing, which was arranged by Surya Capital Partners The loan...
The Real Deal Law firm Kaufman Borgeest & Ryan has signed a 15-year lease for 27,000 square feet at 875 Third Ave in midtown Manhattan The law firm is moving from 48,000 sf it leases at 120 Broadway in the borough’s Financial District JLL...
New York Post Three tenants have signed leases totaling 80,000 square feet at 320 Park Ave, bringing the 766,000-sf office building to nearly full Raymond James added 38,000 sf to the 160,000 sf the financial services company had agreed to lease in...
Multihousing News Santander Bank and City National Bank have provided $134 million of financing for the construction of Hanover Place, a 314-unit apartment property in downtown Brooklyn, NY Cushman & Wakefield arranged the loan on behalf of...
Multihousing News A venture of Bronx Pro Group and Services for the Underserved has broken ground on the first phase of a 326-unit affordable-housing property in the Morris Heights section of the Bronx, NY The property, dubbed Starhill, is being...
ROI-NJcom Wells Fargo Bank has provided $227 million of financing against two industrial projects under development in New Jersey The loan will allow a venture of Greek Development and Advance Realty to continue work on Linden Logistics Center in...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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