State: New York - NY
Waterfall Pays $38.49Mln for Retail Space at High-End Building in Manhattan
Commercial Real Estate Direct Staff Report Waterfall Asset Management has paid $38.49 million, or $2,026/sf, for the 19,000 square feet of retail space at the Astor luxury residential condominium property on Manhattan's Upper West Side. The New York investment manager ...
JPMorgan Lends $500Mln Against Unsold Condos at Manhattan’s Central Park Tower
The Real Deal JPMorgan Chase Bank has provided $500 million of financing against 87 unsold condominium units at Manhattan's Central Park Tower at 217 West 57th St. The loan was used by the property's developer, Extell Development, to retire $380 million ...
Affinius Lends $82.5Mln Against Manhattan’s Arlo Midtown Hotel
Commercial Real Estate Direct Staff Report Affinius Capital Management, the former USAA Real Estate, has provided $82.5 million of financing against the 489-room Arlo Midtown Hotel in Manhattan. The property, at 351 West 38th St., is owned by an affiliate of ...
Retail Building in Manhattan’s SoHo Area Sells; $41Mln CMBS Loan Retired
Commercial Real Estate Direct Staff Report Thor Equities and its partner, ASB Real Estate Investments, have sold the 14,589 square feet of retail space at 155 Mercer St. in Manhattan's SoHo neighborhood for $60 million, or $4,113/sf. The venture sold ...
St. John’s University Plans to Sell Staten Island, N.Y., Campus
Commercial Observer St. John's University is planning to shutter its 16-acre campus on Staten Island, N.Y., next year and has put it up for sale through Savills. The campus, Grymes Hill, includes 10 buildings with about 175,000 square feet. The ...
Abraham Trust Places Winning Bid of $190Mln for Manhattan’s Flatiron Building
The Real Deal Abraham Trust, led by Jacob Garlick, placed the winning bid of $190 million, or $745/sf, for the iconic Flatiron Building at 175 Fifth Ave. in Manhattan. The 121-year-old property was auctioned through Mannion Auctions in order to ...
Cash Flow Issues for NYC Apartment Portfolio Prompts Moody’s to Make Downgrades
Commercial Real Estate Direct Staff Report The inability of a portfolio of Manhattan apartment properties to generate the cash flow needed to fully service its $363.1 million of total indebtedness has prompted Moody's Investors Service to downgrade five principal-paying classes ...
MSD, FS Credit Lend $130Mln Against Manhattan Hotel
MSD Partners and FS Credit Real Estate Income Trust Inc. have provided $130 million of financing against the 713-room Yotel New York at Times Square hotel. The loan allowed the property's owner, a venture that includes IFA Hotels & Resorts ...
New York Legislation Would Further Restrict Potential Apartment Rent Hikes
New York Post The Good Cause Eviction Bill winding through the New York state legislature would cap annual rent increases at New York City apartments at the greater of 3 percent or 1.5 percent of the increase in the Consumer ...
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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.
