David Simon Passes Away After Battle with Cancer
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CREFC’s Lisa Pendergast Retiring in August
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Brookfield Revives GGP Name for Malls
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City: New York City
the 17,553-square-foot mixed-use property at 1151 Broadway in the NoMad section of Manhattan
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 ...
Arbor
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 ...
Delshah Capital Pays $127.8Mln for Brooklyn, N.Y., Mixed-Use Portfolio
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 ...
Target Leases 135,000 SF at Rego Park II in Queens, N.Y.
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 ...
Mostly Vacant Office Building in Manhattan’s Flatiron District Sells for $31Mln
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 ...
Stockbridge Pays $46.1Mln for Manhattan Retail Space
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 Lends $222Mln Against 2 Manhattan Offices
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 ...
Apollo, Affinius Lend $600Mln for Brooklyn, N.Y, Apartments; RXR Makes $185Mln Equity Investment
Apollo Global Management and Affinius Capital have committed $600 million of financing for the construction of the 1,100-unit 175 Third St. apartment building within the Gowanus Wharf complex in Brooklyn, N.Y. RXR, meanwhile, has made a $185 million equity investment ...
Resolution of Big Manhattan Apartment Loan to Shrink CMBS Special Servicing Volume
Commercial Real Estate Direct Staff Report The volume of multifamily loans in special servicing should plunge this month as the $539.5 million senior mortgage against the Yorkshire & Lexington Towers apartment buildings, with a total of 808 units on Manhattan's ...
Google Renews 410,556-SF Office Lease in Lower Manhattan
Commercial Observer Google has renewed its lease for 410,556 square feet at the 482,633-sf 315 Hudson St. office building in Lower Manhattan's Hudson Square area. The tech company initially leased space at the nine-story building in 2018 and since has ...
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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.
