Commercial Real Estate Direct Staff Report The 12-story mixed-use building at 250 Livingston St. in Brooklyn, N.Y., has been reappraised at a value of only $23.1 million, contributing to Morningstar DBRS' downgrade of five principal-paying classes of one of the ...
New York Times The 38-story office property at 235 East 42nd St. in Midtown Manhattan that is undergoing a residential conversion has been evacuated as construction workers noticed cracks, as well as structural support beams beginning to buckle on the ...
Commercial Real Estate Direct Staff Report The $37.5 million loan against the 58,850-square-foot Ditson Building in Lower Manhattan has been transferred to special servicing due to imminent default. The loan, securitized through BANK, 2018-BN13, pays a fixed rate of 5.43% ...
Imperial Sterling has paid $29.2 million, or $1,663/sf, for the 17,553-square-foot mixed-use property at 1151 Broadway in the NoMad section of Manhattan. The Huntington, N.Y., investor acquired the property from Premier Equities of New York, which paid $11.25 million for ...
The venture acquired the property from Columbia University, which used it as housing for students, faculty, and staff. The school has leased the property under a short-term agreement. After that rolls, the property will likely be redeveloped. Columbia purchased the ...
Commercial Observer Delshah Capital has paid $127.8 million for a portfolio of three mixed-use properties in the Williamsburg section of Brooklyn, N.Y., in separate deals. The New York real estate developer paid $45.8 million for 227 Grand St., which has ...
Commercial Real Estate Direct Staff Report Target Corp. has signed a 15-year lease for 135,000 square feet at the Rego Park Shopping Center in Queens, N.Y. The Minneapolis retailer leased the space from Alexander's Inc. of Paramus, N.J., which is ...
New York Business Journal Sioni Group has paid $31 million, or $442.86/sf, for 38 West 21st St., a 70,000-square-foot office building in Manhattan. The local developer bought the property from Jack Vogel Associates, which was represented in the deal by ...
Commercial Observer Stockbridge has paid $46.1 million, or $2,634/sf, for the nearly 17,500-square-foot retail building at 1511 Third Ave. in Manhattan's Upper East Side. The San Francisco investor acquired the property from a venture of Union Investment and Nuveen Real ...
PGIM has provided $222 million of mortgage financing against a pair of office buildings with 1.01 million square feet in Manhattan owned by Rudin Management Co. The investment manager provided $140 million for the 582,405-sf 41 Madison Ave., which sits ...
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