Manhattan’s Novotel New York Times Square Hotel Permanently Closes

Commercial Observer A venture of the Vorea Group, Domain Cos and L+M Development Partners has paid $88 million for the development site at 2-33 50th Ave in Queens, NY Fortress Corp sold the site in a deal brokered by JLL The venture plans on...

Commercial Observer Argentic Real Estate Finance has provided $32 million of financing against the office and retail property at 384-390 Fulton St in Brooklyn, NY The loan allowed the property’s owner, Sutton Management, to retire $211 million...

Commercial Observer Penn South Capital has sold a 30,000-square-foot office building and two apartment properties in Manhattan for $459 million A group of foreign investors bought the portfolio, whose properties are in the borough’s Hudson...

Commercial Observer The Birch Group has agreed to pay $380 million, or $304/sf, for 101 Hudson St, a 125 million-square-foot office building in Jersey City, NJ The Nanuet, NY, company is buying the 42-story property from Mack-Cali Realty Corp, a...

Boston Globe A venture of Rise Together and Trax Development plans on building a massive mixed-use project in Boston’s Charlestown neighborhood The project, which is being built in three phases, will have five office and laboratory buildings...

The Real Deal Bruman Realty has secured $659 million of construction financing against the 165-unit apartment project at 26-25 Fourth St in Queens, NY Scale Lending, the financing arm of Slate Property Group of New York, provided the loan, which was...

Commercial Observer Bank OZK has provided $300 million of construction financing against the 475,000-square-foot office project at 40 Thorndike St in East Cambridge, Mass A venture of Leggat McCall Properties, Granite Properties and CBRE Global...

Real Estate NJ Tulfra Real Estate plans on constructing a 220,000-square-foot self-storage facility in Jersey City, NJ The project, at 300 Thomas McGovern Drive, will also have a parking lot It’s being built across from Liberty State Park near...

Commercial Observer A venture of Delshah Capital and Start Treatment and Recovery Centers is marketing for sale a 180-unit apartment property that’s under construction in Brooklyn, NY JLL has been tapped to market the development, at 22 Chapel...

Crain’s New York Business Lightstone Group has paid $285 million, or $445,313/unit, for the 64-unit apartment property at 700 West End Ave in Manhattan The New York real estate investor bought the property from Salamon Realty of New York,...