New York
Berkadia Arranges $84M Senior Debt for Hotel-to-Apartment Conversion
Berkadia secured $84 million in stretch senior financing for developer Emmut Properties’ acquisition of Excelsior Hotel, a century-old landmark hotel at 45… Read more
JLL Completes Quartet of Leases at NoMad Tower
JLL completed a total of 75,880-square-feet of leasing in four transactions at Global Holdings Management Group’s NoMad Tower, 1250 Broadway. Global law firm Gunderson… Read more
Roku Takes Chunk of Times Square Space Vacated by EY
Streaming TV pioneer Roku will occupy 240,000 square feet on the top eight floors of RXR Realty’s 5 Times Square, the New York Post reported. The… Read more
Meridian Team Handles Kips Bay Sale on Compressed Timeline
Meridian’s Amit Doshi, Shallini Mehra and David Schechtman closed on the sale of 212 E. 29th St., a five-story, mixed-use walkup in Manhattan’s Kips Bay neighborhood. The property sold… Read more
Rockledge Partnership Acquires Washington Heights Trio
In partnership with Peter Hungerford of PH Realty Capital and Yoni Leifer of L3C Capital Partners, David Kaye and Joe Listhaus of Rockledge… Read more
Sponsorship and Core Industrial Assets Attract Lender Capital
Refinancing of $115 million was recently secured for a six-property fully leased class-A industrial portfolio totaling 1.6 million square feet.… Read more
Signature Bank Supersizes Office Footprint at 1400 Broadway
New York-based commercial bank Signature Bank has more than doubled its current office space at Empire State Realty Trust’s 1400 Broadway. The… Read more
ABS Unveils Reimagined LX57 Offices
ABS Partners Real Estate unveiled its $50-million reimagining of LX57, a 110,000-square-foot office building at 695 Lexington Ave. in the Plaza District. The… Read more
Compass’ Adelaide Polsinelli Brings Greenwich Village Retail Condos to Market
Adelaide Polsinelli, vice chairman of Compass, has been hired to sell a 17,000-square-foot retail condominium with 160’ of wraparound frontage, located at 350 Sixth Ave., also known as… Read more
Report: Morgan Stanley Will Backfill 400K SF of BlackRock Offices
Morgan Stanley is betting on the future of office in New York City, signing a deal to take over space that currently… Read more
Houston Draws Record Influx of Capital to Workforce Housing
A Houston value-add multifamily portfolio, a four-property portfolio consisting of 1,556 apartment units in three suburbs of Houston, was recently… Read more
Witkoff, Blavatnik Acquire Note on Massive Chelsea Condo Project
Steven Witkoff and Len Blavatnik’s Access Industries have purchased the $900-million defaulted note for the “Twists” tower project in Chelsea from the Children’s Investment Fund.… Read more
Howard Hughes Corp. Gets Final Approvals on $850M Seaport Mixed-Use
The Howard Hughes Corporation has gotten final approvals from the city for its $850-million 250 Water St. development project at the Seaport in Lower… Read more
Silverstein Makes First NYC Residential Acquisition
Silverstein Properties closed on the acquisition of 116 John St., a 416-unit multifamily property in Lower Manhattan and its first residential… Read more
Empire State Development Rescinds RFP for Parcel Near Javits Center
Empire State Development has rescinded its request for proposals to develop Site K near the Jacob J. Javits Convention Center,… Read more
NY City Council Approves Plans for Supertall to Replace Hyatt Near Grand Central
RXR Realty and TF Cornerstone’s plans for a 1,575-foot-tall tower in Midtown Manhattan, which would be among the city’s tallest, were recently… Read more
Adams Signs Quartet of Tenants Near Bryant Park
Adams & Co. has signed four new office tenants at 110 W. 40th St. The leases total 7,122 square feet and range from five to seven-year leases. The… Read more
Chicago Imposes Vaccine Requirement for Indoor Restaurants, Entertainment Venues
The Lightfoot administration on Tuesday said that patrons of indoor restaurants, gyms and indoor entertainment venues serving food and beverage to… Read more
L&L Secures $911M Financing on Plaza District Tower
L&L Holding Company has completed $911.4 million in financing for 425 Park Ave., its 47-story office tower nearing completion in Midtown Manhattan’s Plaza District. The finance package, obtained through a consortium of lenders led by Blackstone… Read more