Bravo Property Trust has provided $23 million of short-term financing against the 31-unit apartment building at 106-107 South 6th St., near the foot of the Williamsburg Bridge in Brooklyn, N.Y. The four-story building was constructed in 1891 as the Bedford ...
Bisnow JPMorgan Chase Bank has provided a $54 million loan against the 115-unit apartment property at 10 Downing St. in Manhattan's Greenwich Village area. The loan allows the property's owner, Stonehenge NYC, to retire a $57.3 million loan provided by Flagstar ...
Commercial Observer Law firm McDermott Will & Schulte is in talks to lease about 150,000 square feet at the 930,000-sf 343 Madison Ave. office building that BXP Inc. is developing in Midtown Manhattan. The Boston REIT is being represented by ...
Commercial Real Estate Direct Staff Report The CMBS loan against the 1.74 million-square-foot office building at 1515 Broadway in Midtown Manhattan has been further extended through next March, after the building's owner, a venture led by SL Green Realty Corp., ...
JSRE Acquisitions has paid $40 million, or $3,846/sf, for the 10,400-square-foot retail building at 713 Madison Ave. on Manhattan's Upper East Side. The New York investor bought the six-story building from French luxury retail company Longchamp, which acquired it in ...
Pearl Realty Management has paid $28 million, or $215.38/sf, for the 130,000-square-foot Paragon Building, part of the Point LIC office complex, in the Long Island City section of Queens, N.Y. The Brooklyn, N.Y., company purchased the building from BrightSpire Capital ...
The property is fully occupied by a Bank of America branch. The building also has 12,400 sf of air rights.
The property, a few blocks from Prospect Park and near the Brooklyn Botanic Garden, is 95% leased.
GO Residential is funding the purchase with proceeds from a follow-on stock offering and a $150 million mortgage. The company is raising equity through CIBC Capital Markets and RBC Capital Markets. The property is fully leased.
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