New York
NYC Seeks Bids for Redesign of Park Avenue Near Grand Central
The Adams administration on Tuesday released an RFP today to help develop a cohesive design vision for Park Avenue between… Read more
7-Property Portfolio Sells in S. Carolina
A joint venture has purchased a portfolio of South Carolina apartment complexes that were previously owned by embattled syndicator GVA… Read more
Eagle Rock Properties Acquires $70M West Springfield MF Property
Plainview, New York-based Eagle Rock Properties has acquired the West Springfield Terrace apartment community in Springfield for $70.5 million. The… Read more
Investment Manager Renews Top-Floor Lease at 499 Park Ave.
Cushman & Wakefield has arranged a long-term 5,553-square-foot lease extension for Empyrean Capital Partners at 499 Park Ave. in Midtown Manhattan. The… Read more
Rent-Stabilized Brooklyn Heights Property Trades at 6.2% Cap Rate
Lee & Associates NYC completed the $6.8-million sale of 75 Pierrepont St., a 25,800-square foot, six-story, rent stabilized, residential building… Read more
NYU Acquires NoHo Dormitory for $69M
New York University paid $69.2 million to acquire a 13-story dormitory at 35 Cooper Sq. in NoHo from a partnership… Read more
Thorofare Capital Provides Financing for Apartments in OK
Thorofare Capital, an affiliate of asset management platform Callodine Group, LLC, provided a $23 million fixed-rate loan to a DLP… Read more
GFP Signs Two Office Tenants at Midtown’s Film Center
GFP Real Estate, LLC has signed two leases at 630 Ninth Ave., also known as The Film Center Building, totaling 6,721 square feet. Matthew… Read more
Greystone Arranges Fannie Mae DUS Refi on Harlem Portfolio
Greystone has provided a total of $21,503,000 in Fannie Mae Delegated Underwriting & Servicing (DUS) loans to refinance two multifamily… Read more
JV Closes on $210M Refi for Transitional and Affordable Housing
A joint venture of Slate Property Group and Fundamental Advisors has closed on a $210-million refinancing for the JV’s Transitional and… Read more
Investment Firm’s Relocation Brings Zero Irving to Full Occupancy
JLL completed the lease-up of Zero Irving, a newly developed mixed-use building at 124 E. 14th St. in Manhattan’s Union… Read more
Northwind Provides $75M Senior Mortgage for Pfizer Headquarters Conversion
Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, announced provided a $75-million senior mortgage acquisition predevelopment… Read more
California People and Company News, Week of August 23, 2024
We’re adding executive-level openings to our Friday California Weekly People & Company News. Please send entries for consideration to [email protected]. Read more
New York People and Company News, Week of August 23, 2024
We’re adding executive-level openings to our Friday New York Weekly People & Company News. Please send entries for consideration to [email protected]. Read more
More Capital Heads to Value-Add Funds
Opportunistic properties might seem lacking in one way or another. However, once that property is bought and some money is… Read more
Newmark Secures $985M for Two-Tower West Village Residential Project
Newmark Group arranged a $985-million loan on behalf of Zeckendorf Development, Atlas Capital Group and The Baupost Group LLC to fund construction… Read more
Galveston Port Starts Work on 4th Cruise Terminal
Galveston Wharves and Switzerland-based MSC Cruises, the world’s third-largest cruise line, started work on the Port of Galveston’s fourth cruise… Read more
Large Loans Drive Sectors’ CMBS Delinquency Rates Up or Down in July
Large-scale loans helped drive significant credit changes in newly delinquent loans, cured loans and modified loans during July, Trepp reported.… Read more
