Array GFP Secures $60M Refi for 200 Varick St. New York & Tri-State + Downtown New York + Finance | May 24, 2022 CD&R Expands Office Presence at Longtime Seagram Building Home New York & Tri-State + Midtown New York + Office | May 24, 2022 Adams, Hochul Launch Blue-Ribbon Panel to Focus on Regional Economy New York & Tri-State + New York + Finance | May 24, 2022 FEATURED STORY New York & Tri-State CRE News In Your Inbox. Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. More New York & Tri-State Stories More Stories Connect CRE & Industry Events Load MoreMore Events Companies achieve great success when aligned around a common goal and brand story. The experts integrated into our team at Connect Creative span every marketing and communications discipline and channel, encompassing skilled graphic designers, public relations leaders, copy writers, content producers, digital wizards, and website developers. A collaborative approach brings out your company’s stories that are shaped and crafted with the perfect visual, the right words and in the most dynamic way. Connect with Creative Latest Downtown New York Stories GFP Secures $60M Refi for 200 Varick St. New York & Tri-State + Downtown New York + Finance | May 24, 2022 GFP Real Estate has closed on a $60,000,000 loan from Apple Bank to refinance 200 Varick St., a 12-story, 490,000-square-foot office building in Hudson Square. The new 10-year, 3.50% fixed-rate loan matures in 2032, is interest-only for the first year—and replaces an existing $56,000,000, 3.538% loan whose balance had been amortized from $70,000,000. Paul Talbot, senior managing … $14M Buys Three-Building Portfolio in East Village, Hell’s Kitchen New York & Tri-State + Downtown New York + Apartments | May 23, 2022 Brax Realty arranged the sale of a three -building package located in the East Village and Hell’s Kitchen neighborhoods of Manhattan. The properties at 14 First Ave., 219 E. 5th St. and 445 W. 46th St. sold collectively for $13,500,000. Michael Ferra and Alan Stenson of Brax Realty represented the seller, Nesor Associates, and also … Latest Fairfield/Westchester Stories Impact Lenders X-Caliber, Castle Green in Two CRE Clean Energy Loans Totaling $68M New York & Tri-State + Fairfield/Westchester + Finance | May 12, 2022 Irvington, NY-based X-Caliber Capital, a national, direct commercial real estate lender focused on impact lending, announced its affiliate companies, X-Caliber Rural Capital, XRC, and CastleGreen Finance, closed two large transactions through a combination of USDA/Commercial Property Assessed Clean Energy, C-PACE, financing. The separate transactions totaled $68.2 million and financed a hotel and a multi-tenant senior … CBRE Closes Sale of Former Charter Communications HQ in Stamford New York & Tri-State + Fairfield/Westchester + Office | May 10, 2022 CBRE closed the $72-million sale of 400 Atlantic St., a value-add, 508,043-square-foot office tower in Stamford, CT. Jeffrey Dunne, Steven Bardsley, Jeremy Neuer and Travis Langer of CBRE’s Institutional Properties Group, in collaboration with Meredith LaPier of Advisory and Transaction Services, represented the seller, Spectrum Stamford, LLC, which is managed by Charter Communications, Inc. … Connect TeamDaniel CenicerosCEOJennifer LloydCreative DirectorSarah QuinnVice PresidentView AllOur ValuesWe understand that we have different backgrounds, ethnicities, experiences, and geographies, and these differences are what make us unique and bring a variety of perspectives that will shine through.Minority SplitGender SplitLearn More Latest Long Island Stories CBRE Closes Sale of Holtsville Offices to Northpath New York & Tri-State + Long Island + Office | May 20, 2022 CBRE closed the $28.5-million sale of 5000 Corporate Ct., a two story, 264,482-square-foot. office building in the hamlet of Holtsville and the town of Brookhaven, NY. Jeffrey Dunne, Steven Bardsley, Jeremy Neuer, Stuart MacKenzie and Travis Langer of CBRE’s Institutional Properties Group, in collaboration with Philip Heilpern of CBRE Advisory & Transaction Services, represented … JLL Tapped by Scannell JV for LI Logistics Project New York & Tri-State + Long Island + Industrial | April 20, 2022 JLL has been retained by AVR SP Brookhaven JV LLC, a newly formed joint venture of AVR Realty Company and Scannell Properties, to lease Precision Innovation Park, a 400,000-square-foot logistics development in Brookhaven, NY, within Long Island’s Suffolk County. Construction on the two-building speculative project is beginning soon for delivery in early 2023. The JLL … Latest Midtown New York Stories CD&R Expands Office Presence at Longtime Seagram Building Home New York & Tri-State + Midtown New York + Office | May 24, 2022 Private equity firm Clayton, Dubilier & Rice (CD&R) extended its term at RFR’s Seagram Building and expanded its presence at the landmark property by leasing another full floor. The tenant, which has been headquartered at 375 Park Ave. for nearly three decades, now occupies 70,000 square feet, controlling four full floors on a long-term basis. … MetLife Building to Unveil Menu of New Food Options New York & Tri-State + Midtown New York + Hospitality | May 23, 2022 Tishman Speyer and Irvine Company said Monday that the transformation of 200 Park Ave., commonly known as the MetLife Building, will continue with the debut of the first phase of new food and beverage offerings including long-term leases with The Capital Grille, Jack’s Stir Brew Coffee, and Black Seed Bagels, as well as a pop-up … Latest New Jersey Stories Terreno Realty in Newark Industrial Property Acquisition Streak New York & Tri-State + New Jersey + Industrial | May 24, 2022 Terreno Realty Corporation, an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property in Newark for approximately $11.9 million. This is in addition to property Terreno recently acquired nearby. The 2.4-acre improved land parcel at 127-167 and 147-163 Doremus Ave. is adjacent to Exit 15E of the … Parkview Lends on Hotel-to-Apartment Conversion in Newark New York & Tri-State + New Jersey + Finance | May 23, 2022 Parkview Financial provided a $21.5-million loan to Broad Street Ventures Urban Renewal, LLC, an entity of Winchester Equities, LLC, for the purchase and conversion of a currently vacant, 13-story hotel into a 106-unit multifamily building with a 7,500-square-foot ground floor restaurant. Located at 810 Broad St. in Newark, the project is now underway with completion anticipated for late … Latest New York Stories Adams, Hochul Launch Blue-Ribbon Panel to Focus on Regional Economy New York & Tri-State + New York + Finance | May 24, 2022 Mayor Eric Adams and Gov. Kathy Hochul on Tuesday launched a “New” New York blue-ribbon panel to examine the future of New York City and the region’s economy. It will be led by co-chairs Robin Hood CEO Richard Buery and former Sidewalk Labs CEO Daniel Doctoroff. The panel will focus on transforming the city’s … NY State, Developers Launch “The Empire Building Playbook” New York & Tri-State + New York + Finance | April 21, 2022 Gov. Kathy Hochul, former President Bill Clinton and Mayor Eric Adams on Thursday announced “The Empire Building Playbook: An Owner’s Guide to Low Carbon Retrofits,” a free online resource to support building owners advancing carbon neutrality in high rise-buildings. The Playbook was created in partnership with the New York State Energy Research and Development Authority, Empire … Latest Outer Stories Moinian Group, Bushburg JV on Adaptive Re-Use in East New York New York & Tri-State + Outer + Finance | May 24, 2022 The Moinian Group and Bushburg completed a $105-million construction loan for 2840 Atlantic Ave. in Brooklyn’s East New York neighborhood. Foundation work has already begun on this 14-story adaptive re-use project, which will include luxury residential and affordable units, community space, retail units, a landmarked façade and parking. The loan was supplied by Valley Bank and Cross … Avanath Snaps Up Brooklyn Apartment Portfolio for $315M New York & Tri-State + Outer + Apartments | May 23, 2022 Irvine, CA-based Avanath Capital Management, LLC has acquired a mixed-use portfolio containing two multifamily properties with ground-floor retail in Brooklyn for $315 million. The two properties were built as part of the ongoing Pacific Park New York mixed-use project, Brooklyn’s largest development to date. The portfolio, comprising 601 affordable and market-rate residential and commercial units, … Latest Tri-State Stories JLL Arranges Financing for New Jersey Apartment Complex New York & Tri-State + Tri-State + Apartments | April 5, 2022 JLL Capital Markets has arranged $28.48 million in construction financing for 175 Morris St., an 85-unit apartment community located in Morristown, NJ. JLL represented the borrower, The Hampshire Companies, to secure a three-year, fixed-rate construction loan through a correspondent life insurance company. Located at 175 Morris St, the community is less than a five-minute walk … Sol-REIT Closes on Loan for New Jersey Project, Raising $300M New York & Tri-State + Tri-State + Healthcare | March 11, 2022 Sol-REIT, LLC has closed a term loan refinancing of the Inspira solar project in southern New Jersey. With the closing of this loan, Sol-REIT will be moving quickly to execute upon its $300 million and growing loan origination pipeline of construction-to-permanent loan financing opportunities for middle-market solar projects across the United States. Middle-market solar developers … Latest Uptown/Bronx Stories SLB Advises New York’s Ponce Bank on Multiple Sale Leaseback Deals New York & Tri-State + Uptown/Bronx + Office | May 24, 2022 SLB Capital Advisors has advised Ponce Financial Group on the sale of its corporate headquarters in the Bronx and certain bank branches in the New York metro area. Concurrent with the transactions, Ponce entered into long-term leases for the properties with the new owners. “The sale-leasebacks unlocked significant book value and provided capital for us … Ariel Arranges $13M of Sales in Northern Manhattan, Brooklyn New York & Tri-State + Uptown/Bronx + Retail | May 20, 2022 Ariel Property Advisors has arranged the sale of three properties totaling $12.9 million located in Brooklyn and Northern Manhattan. The largest of the three transactions was the $5.05-million sale of a vacant two-story commercial building at 222-226 W. 145th St. In Manhattan. The transaction was brokered by an Ariel team including director Jason M. Gold, founding partner Michael …
