David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
City: New York City
SL Green Eyes Refinancing 245 Park Office in Midtown Manhattan
SL Green Realty Corp. is starting an effort to refinance the $1.77 billion of mortgage financing against 245 Park Ave., the 1.78 million-square-foot office building in Midtown Manhattan that it owns through a venture with HNA Group. The existing loan, ...
OceanFirst Bank Sells $1.3Bln Portfolio of New York Apartment Loans
OceanFirst Financial Corp. has sold a $1.3 billion portfolio of multifamily loans, most backed by properties subject to New York City's onerous rent regulations. The banking company, parent of OceanFirst Bank, assumed the loans through its acquisition last month of ...
Brooklyn, N.Y., Medical Office Property Sells for $89.9Mln
Vital Infrastructure Property Trust has paid $89.9 million, or $632/sf, for the 142,249-square-foot East New York Health Hub medical-office building at 101 Pennsylvania Ave. in the East New York area of Brooklyn, N.Y. The Toronto REIT, the former Northwest Healthcare ...
Arbor Realty Writes $146.24Mln Fannie Mae Loan for Manhattan Apartments
Commercial Real Estate Direct Staff Report Arbor Realty Trust has provided $146.24 million of Fannie Mae mortgage financing against the 209 apartment units at the 7 Dey St. building in Lower Manhattan's Tribeca neighborhood. The loan helped fund GO Residential ...
250 West 57th St.
The Great Neck, N.Y., buyer has assumed a $180 million mortgage against the property that requires only interest payments through its December 2030 maturity and pays a coupon of 2.829%. The loan is split into three pieces, with an $87 ...
10 East 53rd St.
SL Green Realty Corp. has agreed to sell the 392,954-square-foot office building at 10 East 53rd St. in Midtown Manhattan for $312.2 million, or $795/sf, to Meadow Partners. The 37-story building includes 38,657 sf of retail space. Its office space ...
Ladder Capital Lends $268Mln to Fund Purchase of Manhattan’s 575 Fifth Ave. Office
Ladder Capital Corp. has provided $268 million of mortgage financing to facilitate the $378 million, or $745.50/sf, purchase of 575 Fifth Ave. in Midtown Manhattan. A venture led by Sovereign Partners bought the 507,031-square-foot office building.
Designer Jewelry Company Leases Retail Space at 685 Fifth in Manhattan
Commercial Observer David Yurman, a retailer of designer jewelry, has leased the nearly 24,000 square feet of retail space at the base of the Mandarin Oriental Residences at 685 Fifth Ave. in Midtown Manhattan. The retail space takes up the ...
$49.33Mln CMBS Loan Against Central New York Mall Moves to Special Servicing
Commercial Real Estate Direct Staff Report The $49.33 million CMBS loan against the Sangertown Square Mall in the Utica, N.Y., suburb of New Hartford, N.Y., has transferred to special servicing as it approaches its extended maturity next month. The loan ...
122-unit apartment building at 1000 Ocean Parkway in the Midwood area of Brooklyn, N.Y.
David Brecher, chief executive of FM Home Loans, has paid $23.5 million, or $192,623/unit, for the 122-unit apartment building at 1000 Ocean Parkway in the Midwood area of Brooklyn, N.Y. Brecher, who founded FM Home Loans in 1999, previously headed ...
About
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.
