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
Apartment Building in Manhattan’s SoHo Area Fetches $43.3Mln
New York Business Journal An affiliate of Valeray Real Estate has paid $43.3 million, or $3.94 million/unit, for an 11‑unit apartment building at 73-75 Sullivan St. in Manhattan. The local developer purchased the property from affiliates of P. Zaccaro Co. ...
Chambers Hotel Central Park South in Midtown Manhattan
An affiliate of Hennick & Co. has paid $66 million, or $857,143/room, for the shuttered Chambers Hotel Central Park South in Midtown Manhattan. The Toronto investment company bought the 14-story property from an affiliate of BD Hotels, a New York hospitality firm ...
Barings Lends $374Mln Against Brooklyn, N.Y., Project
The Real Deal Barings has provided $374 million of financing for the first phase of the Williamsburg Wharf mixed-use project in the Williamsburg area of Brooklyn, N.Y. A venture of Naftali Group and Access Industries is developing the project. Its ...
Shuttered Midtown Manhattan Hotel Sells for $66Mln
The Real Deal An affiliate of Hennick & Co. has paid $66 million, or $857,143/room, for the shuttered Chambers Hotel Central Park South in Midtown Manhattan. The Toronto investment company bought the 14-story property from an affiliate of BD Hotels, a New ...
Appraised Value of Queens, N.Y., Mixed-Use Complex Lowered Sharply
Commercial Real Estate Direct Staff Report The 1.19 million-square-foot JACX office complex in Queens, N.Y., has had its appraised value slashed by 44% to $480 million. The property, constructed in 2019, is comprised of two 26-story buildings that are connected ...
74 Eighth Ave. in the West Village area of Manhattan
Spear Street Capital has paid $50.5 million, or $1,364/sf, for the 37,000-square-foot office building at 74 Eighth Ave. in the West Village area of Manhattan. The San Francisco investment manager bought the property from G4 Capital Partners of New York ...
4 West 43rd St. near Bryant Park in Midtown Manhattan
New Empire Corp. has agreed to pay $51 million, or $702.79/sf, for the 72,568-square-foot office building at 4 West 43rd St. near Bryant Park in Midtown Manhattan. The New York developer is buying the property from the Holy Spirit Association ...
575 Fifth Ave. in Midtown Manhattan.
10017 MetLife bought the property in 2005 for $385 million and 10 years later sold a 50% stake to Beacon Capital. In 2019, MetLife and Beacon Capital lined up $227.11 million of financing against the property from TPG Real Estate Finance Trust that matures in ...
471, 472, 473 and 475 Central Park West
An investor group led by John Choi has paid $33.55 million, or $203,636/unit, for four apartment buildings with a total of 165 units near Central Park in Manhattan. The group, operating as Bando Geny 4 LLC of Los Angeles, bought ...
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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.
