First Republic Lends $95M on Time Equities’ 50 West Street Condos
Time Equities has secured a $95 million refinance from First Republic Bank backed by 46 condominium units within its recently completed mixed-use condominium skyscraper, 50 West Street, according to...
View ArticleLionstone Investments Set to Sell Landmark CalEdison at 34 Percent Profit
Houston-based Lionstone Investments is in the process of selling the iconic CalEdison building in Downtown Los Angeles to New York-headquartered GreenOak Real Estate for roughly $141 million,...
View ArticleOne of City’s ‘Worst Landlords’ Sells Off Hamilton Heights Building for $21M
The fourth-worst landlord in the public advocate’s annual rankings unloaded one of his Hamilton Heights buildings for $21.8 million, property records show. Bruce Haley sold the mixed-used building at...
View ArticleBeekman Estate Picks Up Three Lenox Hill Residential Buildings for $36M
The real estate company founded by the descendants of one of Manhattan’s oldest family, Beekman Estate, has closed on the purchase of three Lenox Hill apartment buildings for $35.5 million, Commercial...
View ArticleFairstead Gets $33M Loan for Hell’s Kitchen Apartment Building
Fairstead has nabbed $32.9 million from NYC Partnership Housing Development Fund Company to fund its purchase of an apartment building at 414 West 48th Street in Hell’s Kitchen, according to New York...
View ArticleBNY Mellon Refinances Trans World’s UES Rental High-Rise With $65M
Trans World Equities has scored a $65 million loan from Bank of New York Mellon to refinance Windsor 400, its Upper East Side rental high-rise property, according to city records filed today. The...
View ArticleMultifamily Sales Volume Down 76 Percent in September, Report Finds
Multifamily sales volume and activity plummeted around New York City last month after the sweeping rent reforms passed by the state over the summer, a report from PropertyShark found. Sales volume of...
View ArticleOaktree Provides $64M Condo Inventory Loan on Crown Heights Development
Oaktree Capital Management has provided just under $63.7 million in condominium inventory financing to a partnership between LIVWRK and CIM Group on a 12-story, residential condo development in Crown...
View ArticleSilverstein Nabs $235M Loan From Greystone on River Place in Hudson Yards
Silverstein Properties has secured $235 million in bridge debt from Greystone on its luxury rental development, River Place in Hudson Yards, according to records filed Wednesday with the New York City...
View ArticleBofA’s $36M Loan Finances GAIA’s Buy of 3 East Village Residential Assets
Bank of America supplied $36 million in debt to GAIA Real Estate on its recent purchase of a three-building portfolio of residential properties in the East Village, according to city mortgage records...
View ArticleMorgan Stanley Originates $44M CMBS Loan on Boutique SoHo Office Property
Cape Advisors has nabbed $43.5 million in CMBS debt originated by Morgan Stanley to refinance a boutique office property in SoHo, Commercial Observer has learned. The fixed-rate, interest-only...
View ArticleNYC Has the Most Heavily Taxed Office Buildings in America, Report Finds
The most heavily taxed office buildings in the country are in New York City, with 82 out of 100 properties with the highest tax bills located in Manhattan, according to an analysis compiled by...
View ArticleDesign Studio, Clothing Retailer and Plastic Surgeon Ink Deals at 594 Broadway
Design studio Atlason, women’s clothing retailer Argent and plastic surgeon Dr. Shirley Madhere kept or scored new office space at 594 Broadway. In the largest lease, Atlason renewed its...
View ArticleMadewell Consolidating Williamsburg Locations on North Sixth Street
Madewell has signed a 10-year lease for 8,300 square feet on the cellar, first and second floors of 109 North Sixth Street, a building owned by a UK-based investment firm known as Mark, the landlord...
View ArticleCatholic Guardian Renews Two 25K-SF Leases in the Bronx
Catholic Guardian Services is sticking around at two of its locations in the Bronx, Commercial Observer has learned. The nonprofit community services organization signed a 10-year extension for its...
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