Commercial Real Estate Direct Staff Report The $250 million CMBS loan against the 956,554-square-foot office property at 25 Broadway in Manhattan's Financial District has transferred to special servicer LNR Partners as it has matured. A $130 million piece of the ...
The Real Deal Food First is looking to sell 20 rent-stabilized apartment properties in Brooklyn and the Bronx, N.Y., through auctions. A representative from the Brooklyn-based nonprofit said that the costs of maintaining the buildings were too high and that ...
A group of lenders led by Sumitomo Mitsui Trust Bank has provided $911 million of mortgage financing against the 670,000-square-foot office building at 425 Park Ave. in midtown Manhattan's Plaza District. The five-year loan, which pays a floating coupon, allowed ...
The Real Deal H.I.G. Realty Partners has provided $100 million of financing for two apartment properties in Brooklyn, N.Y. Goose Property Management of Brooklyn, in a partnership with Rabsky Group, is developing the properties at 575 Grand St. and 286 ...
NYREJ Simone Development Cos. is converting a former Stop & Shop grocery building at 1720 Eastchester Road in the Morris Park section of the Bronx, N.Y., into industrial use. The building is next to the 1.4 million-sf Hutchison Metro Center ...
BisNow The two-building office and retail property at 303 West 42nd St. and 300 West 43rd St. in Manhattan's Times Square area has been put up for sale by its owner, KRW Development. Cushman & Wakefield has been hired to ...
Commercial Observer The New York State Housing Financing Agency has provided $170 million through the issuance of tax-exempt bonds for the development of Innovative Urban Village, a 385-unit apartment property in the East New York section of Brooklyn, N.Y. In ...
Citi Real Estate Funding Inc. has provided $155 million of financing against the 578,105-square-foot office and retail building at 28-40 West 23rd St. in Manhattan's Flatiron District. The five-year loan, arranged by Ackman-Ziff, allowed the property's owner, Williams Equities, to ...
Crain's New York Business Webster Bank has provided $62 million of construction financing, while Red Stone Equity Partners invested $22 million in equity through tax credits for The Lirio, a 112-unit affordable-housing property that a venture of Hudson Cos. and ...
Crain's New York Business Developer John Pantanelli has filed plans to build a 300-unit apartment property on a site at 33-35 11th St. in the Astoria neighborhood of Queens, N.Y. The site was purchased in 2014 for $7.4 million. It ...
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