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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...

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Lionstone 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,...

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One 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...

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Beekman 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...

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Fairstead 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...

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BNY 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...

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Multifamily 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...

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Oaktree 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...

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Silverstein 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...

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BofA’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...

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Morgan 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...

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NYC 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...

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Design 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...

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Madewell 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...

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Catholic 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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