Generation Essential Group has paid $69 million, or $456,953/room, for the 151-room Tribeca Hilton Garden Inn hotel in Manhattan. The subsidiary of French Media company AMTD Digital acquired the property from a venture of Hersha Hospitality and KSL Capital Partners ...
Northwell Health Inc. has agreed to pay $235.5 million, or $696.74/sf, for the vacant 338,000-square-foot Rego Park I retail property in Queens, N.Y. The healthcare company, the largest in New York State, is buying the property from Alexander's Inc. of ...
Commercial Real Estate Direct Staff Report Aurora Capital Associates has paid $54 million, or $675/sf, for the 80,032-square-foot Scribner Building and its neighboring Redfern Building in Midtown Manhattan. The Cayre family office, which is led by Robert Cayre, bought the ...
The Real Deal Namdar Realty Group is said to be paying about $280 million, or nearly $515/sf, for the 543,743-square-foot office building at 250 West 57th St. in Manhattan. The Great Neck, N.Y., investor is buying the 26-story building from ...
The Real Deal A venture of Nelson Management, JPMorgan & Co., and L+M Fund Management is taking another shot at selling the 256-unit apartment property at 275 South St. on the Lower East Side of Manhattan. It is now seeking $275 ...
Commercial Observer Infinity Funds has provided a $37.5 million loan against the Centra, a 164-unit apartment property in the Midtown East section of Manhattan. HKS Real Estate Advisors arranged the financing. The property, at 230 East 44th St., is owned ...
The Manhattan office market showed continued signs of recovery in the first quarter, with leasing activity stabilizing and availability declining as tenants increasingly expanded their space footprints.
Commercial Observer Empire State Realty Trust Inc. has paid $46 million, or $2,149/sf, for the 21,400 square feet of commercial space at 127 Kent Ave. in the Williamsburg section of Brooklyn, N.Y. The New York REIT acquired the space from ...
A family office has leased 5,063 square feet at the 9 West 57th St. office building in Midtown Manhattan, with rent averaging $327.50/sf, believed to be the highest ever recorded in the borough. The 1.68 million-square-foot building, a block from ...
Commercial Observer Ladder Capital has provided a $29.5 million loan against the 176,000-square-foot office property at 260 West 29th St. in Midtown Manhattan. Arrow Real Estate Advisors arranged the financing. New York Community Bank provided $55 million of financing against the ...
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