State: New York - NY

Commercial Real Estate Direct Staff Report The bankruptcy filing by Saks Global Enterprises in January prompted last month's transfer to special servicing of a $1.25 billion CMBS loan against the ground beneath the Saks Fifth Ave. flagship store in Manhattan. ...

Crain's New York Business Peter Abowitz has paid $17 million for the development site at 92-11 147th Place in the Jamaica section of Queens, N.Y. The Brooklyn, N.Y., developer acquired the property from a venture of the Chetrit Group and ...

Commercial Observer Snowflake has leased 82,505 square feet at the 1.24 million-sf 7 Times Square office property in Manhattan. The data platform will relocate from 114 West 41st St., a block from 7 Times Square, which is owned by a ...

Crain's New York Business The five CMBS trusts that hold portions of a $215 million mortgage against 681 Fifth Ave. in Midtown Manhattan took title to the 82,573-square-foot mixed-use building at a foreclosure auction on Tuesday. The property has 22,510 ...

Crain's New York Business PGIM Real Estate has provided $111 million of bridge financing against the 164-unit Bold apartment property at 27-01 Jackson Ave. in the Long Island City section of Queens, N.Y. The loan allowed the property's developer, a ...

Commercial Observer Uber Technologies is in the late stages of finalizing a lease to expand its footprint at Manhattan's 3 World Trade Center by 86,071 square feet, to 437,571 sf. The ride-sharing company expanded its space by 44,110 sf last ...

JEMB Realty, which developed One Willoughby Square in downtown Brooklyn, N.Y., has orchestrated a series of transactions resulting in the 392,567-square-foot office building's recapitalization. As part of the property's recapitalization, JEMB split the building into two condominium interests.

Commercial Real Estate Direct Staff Report ACORE Capital has provided a $176 million loan against the 25,600 square feet of retail space at 1551-1555 Broadway in the Times Square section of Manhattan. The loan allowed the owner of the space, ...

Commercial Real Estate Direct Staff Report The venture that owns One New York Plaza in Lower Manhattan paid down the 2.7 million-square-foot office property's CMBS loan by $25 million, to $810 million, in order to win a two-year term extension. ...