Venture to Build Mixed-Use Project in Dallas
May 27, 2022
Columbus, Ohio, Shopping Center Sells for $27.4Mln
May 27, 2022
City: New York City
Property & Building Seen Lining Up Fresh Financing for Manhattan’s 452 Fifth Ave.
The Real Deal Property & Building Corp. is said to be close to securing $385 million in financing from JPMorgan Chase Bank against its HSBC Tower, an 864,303-square-foot office building at 452 Fifth Ave. in midtown Manhattan. The affiliate of ...
Innovo’s Deal to Buy Manhattan’s HSBC Tower for $855Mln on Hold
Commercial Observer Innovo Property Group's proposed purchase of the HSBC Tower in Manhattan for $855 million is on hold and could fall apart. The New York company so far has failed to secure financing for the deal, which was expected ...
MetLife Lends $210Mln for 396-Unit Apartment Property in Queens, N.Y.
Multi-Housing News Rockrose Development has lined up a $210 million loan from Metropolitan Life Insurance Co. against 47-05 Center Blvd., a 396-unit apartment property in Queens, N.Y. Avison Young arranged the 15-year loan, which allowed Rockrose to take out a ...
Avanath Pays $315Mln for 2 Brooklyn, N.Y., Apartment Buildings
Multi-Housing News Avanath Capital Management has paid $315 million, or $524,126/unit, for two apartment properties with 601 units in downtown Brooklyn, N.Y. The Irvine, Calif., investment manager bought the two buildings from Greenland USA, an affiliate of the Greenland Group ...
Large Loan on Manhattan Office Moves to Special Servicing as November Maturity Approaches
The $235 million CMBS loan against the 511,208-square-foot office building at 285 Madison Ave. in midtown Manhattan has been transferred to special servicing at the request of the property's owner, RFR Holdings, which is hoping to get the loan's November ...
Business Lender Leases 23,500 SF at Manhattan’s 1385 Broadway
Commercial Observer Fora Financial has inked a nine-year lease for 23,500 square feet, encompassing the 15th floor at 1385 Broadway in Manhattan. The lender of small business loans will move from 519 Eight Ave., also in Manhattan, where it's been ...
131-Unit Apartment Property in Queens, N.Y., Comes to Market
Piermont Properties is offering for sale Q-East, a 131-unit apartment building in the Jamaica Hills section of Queens, N.Y. The New York developer has hired RIPCO Real Estate, also of New York, to market the property, at 178-02 Hillside Ave. ...
RFR Funds Purchase of Manhattan’s 475 Fifth Ave. with $260Mln of Financing
Commercial Observer RFR Holding has closed on its purchase of 475 Fifth Ave., a 282,000-square-foot office building in Manhattan's Bryant Park area for which it paid $290 million, or $1,028/sf. The New York company had funded the acquisition with $260 ...
Burberry to Relocate Manhattan Offices
Commercial Observer Burberry has signed a 15-year lease for 43,000 square feet of office space at the Salmon Tower in Manhattan. The luxury fashion retailer is relocating from 444 Madison Ave., also in Manhattan, where it has occupied nearly 70,000 ...
Rudin Selling Manhattan’s 55 Broad St. Office Building for $180Mln
Commercial Observer Rudin Management is selling 55 Broad St., a 30-story office building in the financial district of Manhattan for $180 million to a venture of Silverstein Properties and Metro Loft. Rudin had developed the property in 1967 and completed ...
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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.
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