State: New York - NY

Commercial Real Estate Direct Staff Report A group of lenders led by JPMorgan Chase Bank has provided $415 million of financing against 3 Times Square, an 850,000-square-foot office property in midtown Manhattan. The group includes Bank of America and M&T ...

The Real Deal Innovo Property Group, which late last year had struck a deal to buy the 864,303-square-foot office building at 452 Fifth Ave. in midtown Manhattan, hasn't completed its purchase and lost its $35 million deposit. Innovo was to ...

Commercial Real Estate Direct Staff Report The $231 million CMBS loan against 260 and 261 Madison Ave., a pair of office buildings with 923,277 square feet in midtown Manhattan wasn't paid off when it matured earlier this month. A $126 ...

Commercial Real Estate Direct Staff Report Median monthly rents for apartments in Manhattan increased in May by 25.2 percent from last year to $4,000, a record level, according to brokerage Douglas Elliman. Net effective average monthly rents, meanwhile, increased by ...

Pyramid Cos. has negotiated a five-year extension of the $430 million CMBS financing against its Destiny USA shopping center in Syracuse, N.Y. The financing, securitized through JPMorgan Chase Commercial Mortgage Securities Trust, 2014-DSTY, was facing its final maturity next month. ...

Crain’s New York Business Brooklyn, N.Y., investor Mendel Kaff has purchased two apartment buildings with 555 units in The Bronx, N.Y., for $169 million. Kaff bought the properties from Lineage Properties of New York. His Honeywell Towers LLC paid $105 ...

Commercial Observer Rosewood Realty Group is marketing for sale a mixed-use project that's currently under construction at 159 Broadway in the Williamsburg section of Brooklyn, N.Y. Bidding on the property, which was thrown into bankruptcy in 2020, is expected to ...

Gaia Real Estate has paid $34.75 million for three apartment buildings with 56 units in Manhattan's Lower East Side neighborhood. The New York investment manager, which has $3.2 billion of assets under management, bought the properties from SMA Equities of ...

PGIM Real Estate has provided $87.1 million of financing against the Valley and Bloom apartment property in the New York City suburb of Montclair, N.J. The seven-year loan, which pays a floating coupon, was arranged by JLL Capital Markets. The ...

Commercial Real Estate Direct Staff Report The $210 million CMBS loan against the Eastview Mall and Commons shopping mall and power center in the Rochester, N.Y., suburb of Victor, N.Y., has transferred to special servicing as it's expected to default ...