New York
Slate, Breaking Ground Acquire Stewart Hotel; Will Become Affordable Complex
Slate Property Group and nonprofit Breaking Ground have completed the $255-million acquisition of the Stewart Hotel at 371 Seventh Ave., across from… Read more
Law Firm Benesch Expands Firm’s Chicago Office Footprint
Benesch Friedlander Coplan & Aronoff, a Cleveland-based law firm, is making a significant expansion of the firm’s Chicago office. The… Read more
$867M Financing on 111 Wall St. Sets New High for Office-to-Residential Conversions
Walker & Dunlop, Inc. arranged a $778.6-million construction loan to facilitate the office-to-residential conversion of 111 Wall St. in Lower Manhattan’s… Read more
Rithm Capital Closes on Paramount Group Acquisition
Rithm Capital Corp. said Friday it had completed its previously announced $1.6-billion acquisition of Paramount Group, Inc., a vertically integrated… Read more
Totem’s Mixed-Use Plan for East New York Receives City Council Approval
The New York City Council has approved the Uniform Land Use Review Procedure for Totem’s Herkimer-Williams proposal. The mixed-use hub in Brooklyn’s… Read more
Naftali Closes on $525M Construction Loan for Phase II of Williamsburg Wharf
Naftali Group and Access Industries have closed on a $525-million construction loan for Phase II of Williamsburg Wharf, Naftali’s 3.75-acre master-planned development… Read more
Durst Rebrands Two Towers with Grand Central East Designation
The Durst Organization has rebranded two commercial towers to capitalize on their location near Grand Central Terminal. The renaming of… Read more
Walker & Dunlop Arranges $163M Refi on Flatiron District Offices
Walker & Dunlop, Inc. arranged a $163,427,059 permanent loan to refinance 122 Fifth Ave., a 278,000-square-foot, Class A mixed-use office and… Read more
Cross Ocean, Lincoln Partner on Needham Office Acquisition from BXP
Cross Ocean Partners and Lincoln Property Company have acquired 140 Kendrick St., a trophy office campus in Needham, MA, for $132 million.… Read more
Dornin Acquires $78M NPL on Brooklyn Multifamily Project
Dornin Investment Group (DIG), a private real estate investment firm specializing in distressed debt and value-add strategies, has acquired a… Read more
Landau Properties Secures Site, Financing for Brooklyn Heights Mixed-Use
Landau Properties, in partnership with the Mizrachi family’s Third Millennium Group and Midtown Equities, has closed on the purchase of 205 Montague St. in… Read more
Lument Closes $30M Refinance for Baltimore Affordable Housing Property
Lument has closed a $30 million Freddie Mac Targeted Affordable Housing unfunded forward commitment for the refinance and rehabilitation of… Read more
Bloomberg Extends Lease for Nearly 500K SF at 120 Park Ave.
Bloomberg L.P. has signed a 495,753-square-foot lease extension at Global Holdings’ 120 Park Ave., securing long-term occupancy across 20 of the… Read more
NYC HPD Chooses Development Team for Vacant Inwood Waterfront Site
Slate Property Group, Xenolith Partners, and Comunilife Inc. will develop their proposal La Ostra, turning a currently vacant site in Inwood… Read more
Kering Sells Majority Stake in Fifth Avenue Retail for US$690M
Gucci owner Kering has sold a 60% stake in 715-717 Fifth Ave. to private equity firm Ardian. With Ardian paying… Read more
Enverra Acquires 260K-SF Tampa Office Tower
Enverra Real Estate Partners acquired 1 North Dale Mabry, a Class-A, 13-story office tower spanning 260,000 square feet in Tampa’s… Read more
AmTrust Acquires 260 Madison Ave. from The Sapir Organization
AmTrustRE completed its $211-million acquisition of 260 Madison Ave., a 22-story, 570,000-square-foot office building in Midtown Manhattan. AmTrustRE was self-represented… Read more
$200M Construction Loan Goes to Gowanus Luxury Apartments
Affinius Capital LLC has originated a $200-million construction loan for 200 Douglass, a Class A multifamily property located in the… Read more