Record-Setting $327.50/SF Lease Signed at Manhattan’s 9 West 57th St.
A family office has leased 5,063 square feet at the 9 West 57th St. office building in Midtown Manhattan, with rent averaging $327.50/sf, believed to be the highest ever recorded in the borough. The 1.68 million-square-foot building, a block...
Ladder Capital Lends $29.5Mln Against Manhattan Office
Commercial Observer Ladder Capital has provided a $29.5 million loan against the 176,000-square-foot office property at 260 West 29th St. in Midtown Manhattan. Arrow Real Estate Advisors arranged the financing. New York Community Bank provided $55 million of financing against...
Los Angeles-Area Apartment Project Breaks Ground
L.A. Business First A development group led by Lowe has broken ground on Carina, a 408-unit apartment property in Santa Ana, Calif. The Los Angeles developer is building the property at 2828 North MainPlace Drive, about 31 miles southeast...
JPMorgan Lends $765Mln Against Downtown Brooklyn, N.Y., Apartments
Commercial Observer JPMorgan Chase Bank has provided a $765 million loan against the 1,102-unit apartment property at 625 Fulton St. in downtown Brooklyn, N.Y. The loan, arranged by Galaxy Capital, allowed the property's developer and owner, Rabsky Group of...
MF1 Capital Lends $64Mln Against Brooklyn, N.Y., Apartments
Commercial Observer MF1 Capital has provided a $64 million loan against the 99-unit Elliot apartment property at 151 South Elliott Place in the Fort Greene section of Brooklyn, N.Y. Landstone Capital Group arranged the financing. The property was constructed...
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