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City: New York City
142-unit apartment property at 34 Berry St. in the Williamsburg section of Brooklyn, N.Y.
The New York investment manager acquired the property from LCOR, which constructed it in 2010 and funded it in part with a $62.25 million mortgage from Ares Commercial Real Estate Management. It previously secured a $33.8 million Freddie Mac loan that KeyBank ...
25 Elm Place in downtown Brooklyn, N.Y.
Athene Annuity and Life Co. has provided $50.44 million of mortgage financing.
Scribner Building and its neighboring Redfern Building in Midtown Manhattan
Aurora Capital Associates has paid $54 million, or $675/sf, for the 80,032-square-foot Scribner Building and its neighboring Redfern Building in Midtown Manhattan. The Cayre family office, which is led by Robert Cayre, bought the buildings—the Scribner is at 597 Fifth ...
Law Firm Expands Footprint at Manhattan’s 10 Bryant Park
The Real Deal Law firm Baker McKenzie has expanded its footprint at 10 Bryant Park in Midtown Manhattan by 16,000 square feet to 122,000 sf, giving it just more than 14% of the 865,000-square-foot office building's total space. The law ...
New York State Eyes More Property Taxes
New York Daily News New York State's Assembly is planning an additional 1% tax on homes purchased for $1 million or more in cash in New York City. The surcharge would apply only to homes sold in New York City ...
250 West 57th St. in Manhattan
Namdar Realty Group is said to be paying about $280 million, or nearly $515/sf, for the 543,743-square-foot office building at 250 West 57th St. in Manhattan. The Great Neck, N.Y., investor is buying the 26-story building from Empire State Realty ...
21,400 square feet of commercial space at 127 Kent Ave. in the Williamsburg section of Brooklyn, N.Y.
Empire State Realty Trust Inc. has paid $46 million, or $2,149/sf, for the 21,400 square feet of commercial space at 127 Kent Ave. in the Williamsburg section of Brooklyn, N.Y. The New York REIT acquired the space from Joyland Group ...
UBS Lends $161Mln Against Offices in Manhattan Chelsea Area
Commercial Real Estate Direct Staff Report The Vornado Realty Trust venture that owns the 194,000-square-foot office building at 61 Ninth Ave. in Manhattan's Chelsea neighborhood has lined up a $161 million mortgage from UBS. Vornado owns the eight-year-old building with ...
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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.
