State: New York - NY
Madison Realty Takes Control of 15-Building Apartment Portfolio in Manhattan
The Real Deal Madison Realty Capital has taken control of a 15-building apartment portfolio in Manhattan's East Village neighborhood. The company had provided $126 million of debt against the portfolio in 2016 to help fund Brookhill Capital's purchase of it. ...
Developer Secures $48Mln of Construction Financing for Brooklyn, N.Y., Apartment Project
Commercial Observer Quinlan Development Group has lined up $48 million of financing against the 138-unit apartment project at 230 Classon Ave. in Brooklyn, N.Y. CIT Real Estate Finance provided a $35.7 million senior loan, while Hines Realty Income Fund provided ...
Office Condominium Space in Brooklyn, N.Y., to Sell for $130Mln
Commercial Observer A venture of 60 Guilders and Davidson Kempner has agreed to pay $130 million, or $698.59/sf, for 186,088 square feet of office condominium space at 12 MetroTech Center in Brooklyn, N.Y. Brookfield Property Partners is selling the space, ...
Manhattan Development Site Sells for $31Mln
Crain's New York Business A venture of GDSNY and Klovern has paid $31 million for the development site at 407 Park Ave. in Manhattan. Land Finance sold the site, which it had acquired in 2010 for $8.7 million. It houses ...
JPMorgan Lends $44Mln Against Manhattan Medical-Office Project
Commercial Observer JPMorgan Chase Bank has provided $44 million of financing against the medical-office project at 160 West 124th St. in Manhattan's Harlem neighborhood. Cushman & Wakefield arranged the floating-rate loan. Park-It Management is constructing the building on a site ...
AllianceBernstein Takes Control of Moxy NYC Downtown Hotel
The Real Deal Tribeca Associates has transferred ownership of the 298-room Moxy NYC Downtown Hotel in Manhattan to AllianceBernstein, which had provided a $105 million loan against the property in 2018. Tribeca, a New York developer, had bought the site ...
RFR to Buy Retail Space at Manhattan’s 522 Fifth Ave.
Commercial Observer RFR Realty has agreed to acquire the 26,563 square feet of retail space at 522 Fifth Ave. in Manhattan. The pending sales price was not disclosed. The New York company is buying the space from Deka Immobilien Investment ...
Macy’s Proposes 1.5Mln-SF Office Space Above Manhattan Flagship Store
Crain's New York Business Macy's Inc. has proposed adding 1.5 million square feet of office space atop its flagship store at 151 West 34th St. in Manhattan. The retailer wants to invest $235 million in the area surrounding its store, ...
Savanna Lines Up $264Mln of Financing for Brooklyn, N.Y., Office Project
Savanna has secured $264 million of construction financing for 141 Willoughby St., a 400,000-square-foot office project in downtown Brooklyn, N.Y. PIMCO, a Newport Beach, Calif., investment management firm, provided senior debt, while funds managed by CarVal Investors of Minneapolis provided ...
Luxury Retailer Extends Ground-Floor Lease at Manhattan’s 650 Madison Ave.
Tod's has extended its lease for 7,867 square feet of ground-floor retail space at 650 Madison Ave. in Manhattan. The luxury retailer, whose initial deal was set to expire in October 2023, agreed to extend the lease to October 2030. ...
