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Commercial Observer Greystone has provided $97.7 million of financing to facilitate Pomeranc Group's purchase of the 465-unit Mountain View Crossing apartment property in Wayne, N.J., from UBS Realty Investors. The five-year loan was arranged by Cushman & Wakefield. The property, ...
REBusiness Online Clayton Dubilier & Rice has signed a lease for 144,000 square feet at 550 Madison Ave. in midtown Manhattan. The private-equity company is moving from the Seagram Building at 375 Park Ave., where it had occupied just more ...
Commercial Observer Manhattan's iconic Flatiron Building will be offered again at a May 23rd auction. The bidding contest will be held at the steps of the New York County courthouse in lower Manhattan. It will come roughly a month after ...
Crain’s New York Business Discount department store Century 21 is planning to re-open its flagship store at 22 Cortland St. in lower Manhattan as soon as in April. The company had operated 13 stores in New York, New Jersey, Pennsylvania ...
Crain's New York Business PGIM Private Capital has led a $66 million loan to acquire and start redevelopment of the former Greenpoint Hospital in the East Williamsburg section of Brooklyn, N.Y., into a 557-unit affordable-housing property. The former hospital, at ...
Crain's New York Business Vornado Realty Trust has sold two mixed-use buildings with 21,000 square feet in the SoHo section of Manhattan for $23.5 million, or $1,119/sf. The New York REIT sold the properties, at 484 and 486 Broadway, to ...
The Real Deal Brookfield Asset Management has paid $67.3 million, or $1,150/sf, for the 58,500-square-foot industrial and rail property at 1100 Newark Turnpike in Kearny, N.J. The investment manager bought the property, on a 9.3-acre site off the New Jersey ...
Commercial Observer State Farm Auto Insurance has provided $26 million of financing for the 55,000-square-foot retail center at 867 East Gate Blvd. in Garden City, N.Y. The loan, arranged by Newmark, allowed BRAM Auto Group, a family-owned owner, primarily of ...
Commercial Observer Bank OZK has provided $170 million of financing for the development of a 145-unit residential condominium building at 126 East 57th St. in midtown Manhattan. The property, for which construction got underway during the summer, is being developed ...
The Real Deal The Brodsky Organization has agreed to sell the 250-unit apartment property at 7 DeKalb Ave. in Brooklyn, N.Y., to Avanath Capital Management for about $100 million, or $400,000/unit. Brodsky had purchased the 23-story building, then recently completed, ...
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