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
Office Near Central Park South Sees Drop in Cash Flow; $115Mln Loan at Risk
The 171,395-square-foot office building at 200 West 57th St., two blocks south of Central Park in Midtown Manhattan, has seen a sharp decline in cash flow over the years, to the point where it's no longer sufficient to fully service ...
$290Mln CMBS Loan Against Manhattan’s 26 Broadway Office Faces Cash Flow Crunch
Commercial Real Estate Direct Staff Report The $290 million mortgage against the 839,712-square-foot office building at 26 Broadway in Lower Manhattan has transferred to special servicing because it's expected to default. The transfer to special servicer KeyBank was highlighted in ...
Law Firm Inks 150,000-SF Lease at BXP Manhattan Office Project
New York Business Journal McDermott Will & Schulte has signed a lease for 150,000 square feet of office space at 343 Madison Ave. in Manhattan. The law firm will occupy seven floors at the 930,000-sf building, which is currently being ...
OakNorth Lends $33.2Mln for Construction of 2 Brooklyn, N.Y., Apartments
OakNorth Bank has provided $33.2 million of financing for the ground-up development of a pair of apartment properties with 99 units at 236 and 240 Highland Place in the East New York section of Brooklyn, N.Y. The two buildings are ...
CMBS Trusts Might Take Title to Brooklyn, N.Y., Mixed-Use Building
Commercial Real Estate Direct Staff Report Clipper Realty Inc. expects to turn over the 12-story mixed-use building at 250 Livingston St. in Brooklyn, N.Y., to its lender. Last September, the New York REIT stopped making debt-service payments on the property's ...
Bank Hapoalim Lends $200Mln Against Nearly Completed Luxury Condos in Manhattan
The BHI unit of Bank Hapoalim has provided $200 million of financing against the unsold residential condominium unit inventory of the 145-unit Malabar Residences in Manhattan. The 29-story luxury condominium building, at 126 East 57th St., is nearing its completion ...
ACORE Lends $110Mln Loan as Part of Recap of 370 Lexington Ave. in Manhattan
ACORE Capital has provided $110 million of mortgage financing against Manhattan's 370 Lexington Ave. as part of a recapitalization that involved KSR Capital investing in the 311,628-square-foot office building. The 27-story building is owned by Broad Street Development, which purchased it ...
Tishman Speyer Buys Mezz Loan Against Manhattan’s One Dag
Tishman Speyer has purchased the $40 million mezzanine loan that JPMorgan Chase Bank provided to facilitate the $265.25 million purchase of the 817,136-square-foot One Dag Hammarskjold Plaza office building in Manhattan. The mezzanine loan, which pays a 10.815% coupon and matures ...
Innside New York NoMad Hotel Sells for $203Mln
New York Business Journal An affiliate of Melia Hotels International has paid $203 million, or $648,562/room, for the Innside New York NoMad hotel in Manhattan. The Palma de Mallorca, Spain, hospitality company bought the 313-room property from its developer, Artimus ...
Kaufman to Pay $125Mln for 2 Manhattan Office Properties
Commercial Observer Kaufman Investments is said to have agreed to pay $125 million for a pair of office properties across Madison Square Park in Manhattan's Midtown South submarket. The New York investor is buying the properties—the 133,170-square-foot 24-28 West 25th ...
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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.
