Subject: Northeast Regional Digest (NEDIG)
Dynamic Star Gets Approval for 400,000-SF Office Development in Queens, N.Y.
REBusiness Online New York developer Dynamic Star LLC has received approval from the New York City Council to redevelop the former Eagle Electric manufacturing facility in the Long Island City section of Queens, N.Y., into a 400,000-square-foot office building. The ...
Developer Gets $69Mln of Debt for Queens, N.Y. Condominium Project
Commercial Observer Bank Hapoalim International and fund manager Be Aviv have provided a total of $69 million of construction financing for a proposed 115-unit residential condominium property planned for 11-36 45th Road in the Long Island City area of Queens, ...
Court-Appointed Referee Enters Judgment Against Owners of Distrikt Hotel in Manhattan
The Real Deal A special referee appointed by a New York Supreme Court judge has ruled in favor of the CMBS trust that holds a $33 million loan against the 155-room Distrikt Hotel in midtown Manhattan. The special referee, John ...
Court Allows Howard Hughes to Build Apartments in Manhattan’s South Street Seaport Area
The New York Post A New York State appeals court ruled yesterday that the Howard Hughes Corp. can go forward with its plan to construct a 399-unit apartment complex at 250 Water St. in the South Street Seaport neighborhood of ...
Thorofare Capital Lends $35.62Mln for Purchase of Long Island, N.Y., Industrial Property
Commercial Observer Thorofare Capital has provided $35.62 million of financing for the purchase of the 189,000-square-foot industrial complex at 377 Carlls Path in Deer Park, N.Y. Iron Hound Management Co. arranged the loan. A venture of Thor Equities and Reinsurance ...
Construction Underway on 100-Unit Apartment Property in Howell, N.J.
REBusiness Online A venture of AMS Acquisitions and Vector Group has started building an age-restricted apartment property with 100 units in the central New Jersey township of Howell. The venture is constructing the four-building property on a 14-acre site. It ...
Pearlmark Lends $10Mln for Elizabeth, N.J., Apartments
REBusiness Online Pearlmark has provided $10 million of financing against the 267-unit Vinty Apartments in Elizabeth, N.J. The loan, arranged by JLL Capital Markets, allowed the property's owner, a venture of LeCesse Development Corp. and MAS Development Group, to refinance ...
185,000-SF Industrial Building Planned for Windsor, Conn.
Condyne Capital Partners is planning to construct a 185,600-square-foot industrial building within its Baker Hollow Logistics Center in the Hartford, Conn., suburb of Windsor, Conn. The property, at 205 Baker Hollow Road, would be a neighbor to a 165,625-sf building ...
Twin Group Plans 101-Unit Apartment Property in Brooklyn, N.Y.
The Real Deal Twin Group Associates has filed plans to build a 101-unit apartment property at 150 Lawrence St. in Brooklyn, N.Y. The developer bought site, which houses a 19,400-square-foot building, for $22.5 million in March from Ching-Tien Realty in ...
Brooklyn, N.Y., Development Site Sold; 456 Apartment Units Planned
The Real Deal A venture led by developer Douglaston Development has acquired a development site at 1057 Atlantic Ave. in the Bedford-Stuyvesant section of Brooklyn, N.Y. with plans to build a 456-unit apartment property. The venture paid $66 million for ...
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