The New York Post PayPal has signed a lease for 261,000 square feet of space at the 978,795-sf office property at 345 Hudson St in Manhattan’s Hudson Square area The digital payments company will relocate from the roughly 100,000 sf it...
Commercial Observer Maheshchand Ratanji has paid $265 million, or $149,717/room, for the 177-room Holiday Inn Express Manhattan Midtown West Hotel in Manhattan The North Bergen, NJ, hotelier acquired the 11-story building from Roufail Real Estate...
Commercial Observer Wells Fargo Bank has provided a $250 million loan against AtlanticBK, a 456-unit apartment property in the Bedford-Stuyvesant section of Brooklyn, NY The 17-story property, at 1057 Atlantic Ave, is owned by a venture led by...
Gothamist The judge overseeing the bankruptcy of 93 apartment buildings with 5,100 units in New York City has blocked an effort by the city’s newly inaugurated mayor to delay a proposed sale of the properties by 30 days Mayor Zohran...
Commercial Observer Santander Bank has provided $88 million of financing for the development of the 120-unit Benedict Court apartment property in Greenwich, Conn Cushman & Wakefield arranged the financing The property is being developed at 7-23...
Commercial Observer Natixis has leased 202,875 square feet at the 25 million-sf 1633 Broadway office building in Midtown Manhattan The property is owned by Rithm Capital Corp, which inherited it last year through its acquisition of Paramount Group...
New York City Mayor Zohran Mamdani’s administration wants to ensure that whoever buys the 93 apartment properties with about 5,100 units that Pinnacle Group threw into bankruptcy repairs and maintains them and continues to abide by the...
Commercial Observer Rialto Capital has provided a $150 million loan against the 270,000-square-foot office building at 100 Fifth Ave in the Union Square area of Manhattan The property is owned by Sovereign Partners, which bought it in 2023 for $1265...
Commercial Observer Bank of America, Standard Chartered PLC, and Wells Fargo Bank have provided $16 billion of financing for the development of the 14 million-square-foot 70 Hudson Yards office building in Manhattan The loan is the largest for a New...
Gothamist Zohran Mamdani, who was sworn in as New York City’s mayor on New Year’s Day, will soon get a majority of seats on the Rent Guidelines Board, which governs rate increases at the city’s roughly 1 million rent-stabilized...
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