New York
Marcus & Millichap Closes Sale of Midtown South Hotel Set for “Incredible Revitalization”
Marcus & Millichap closed the sale of Martinique New York on Broadway, a 531-room landmark hotel on the corner of 32nd Street… Read more
Avison Young Arranges Long-Term Renewal for Second Stage
Avison Young’s New York office arranged a long-term lease renewal for theater production company Second Stage Inc. at the Tony… Read more
Meridian Arranges $38M Financing on Bronx Portfolio
Meridian Capital Group arranged $38 million in financing to refinance a multifamily portfolio of nine properties in the Bronx. The 10-year… Read more
NYC Leads Metros in Delinquency Balance, But Not Rate
Although the New York-New Jersey SMSA has the highest CMBS delinquency balance at $4.7 billion as of October, it doesn’t have the highest rate, Trepp… Read more
NoMad Offices Once Used by Astors Trade for $13M
Cushman & Wakefield arranged the sale of 21 & 23 W. 26th St., two historic adjacent, separately owned office buildings totaling 14,885… Read more
Compass’ Polsinelli Markets Historic Upper West Side Offices
Compass vice chairman Adelaide Polsinelli and commercial principal Meylin Maldonado have been hired to sell 236 W. 72nd St. on Manhattan’s Upper West Side. The… Read more
MSG Entertainment, Caesars Ink Sports Betting Partnership
Madison Square Garden Sports Corp. and Madison Square Garden Entertainment Corp. have formed a multi-year marketing partnership with Caesars Sportsbook, an entity… Read more
Helmsley Spear Arranges Two Renewals at 48 Wall St.
Helmsley Spear represented ownership in two new leases at 48 Wall St. in Lower Manhattan’s Financial District. The lease with Addison Design Company,… Read more
Index Exchange Expands with 3 WTC Sublease
Avison Young arranged a 42,625-square-foot sublease for Index Exchange, Inc., a global advertising technology company, at 3 World Trade Center. Index will… Read more
Industrious Leases Two Floors with Sapir Organization
The Sapir Organization has signed a 10-year, 43,874 square foot partnership agreement with Industrious at 261 Madison Ave. The workplace provider will take… Read more
Eisenberg Foundation Schedules Multi-City Real Bright Summit for 2022
The Harold E. Eisenberg Foundation has scheduled its Second Annual Real Bright Summit, presented by Old Second Bank, for Jan. 31-Feb.… Read more
Vesper Gets $130M Construction Financing Infusion
Austin-based Pearlstone Partners and New York-based ATCO Properties & Management recently secured $130 million in construction financing from MSD Partners… Read more
PCCP Provides Refi on Financial District Office Tower
PCCP, LLC has provided a loan to a joint venture between Broad Street Development and Invesco Real Estate, for the cash-neutral refinancing of 80… Read more
Minskoff Equities Secures 120K SF of Leases at 1166 Sixth Avenue
Edward J. Minskoff Equities Inc. and JLL completed two leasing transactions totaling 120,000 square feet at 1166 Ave. of the… Read more
Small Door Vet Joins Retail Tenants at Upper West Side’s 667 Columbus
Veterinary practice Small Door Vet signed a 2,900-square-foot retail lease at 667 Columbus Ave., a 203-unit residential property owned by Stellar Management… Read more
Port Authority Convenes Panel to Study AirTrain Alternatives
The Port Authority of New York and New Jersey said Tuesday it had convened a panel of experts to review mass transit options for… Read more
Apartment Sale Illustrates East Village’s Investor Appeal
Avison Young’s Tri-State Investment Sales Group has arranged the sale of 47 Saint Marks Pl. for $6.14 million. The five-story multifamily… Read more
Givaudan Renews Tenancy at LeFrak’s 40 W. 57th St.
CBRE completed five office leases totaling approximately 100,000 square feet at LeFrak’s 40 W. 57th St. in Midtown Manhattan’s Plaza District. In the largest… Read more
Madison Square Garden Parent Signs Massive Headquarters Renewal with Vornado
Madison Square Garden Entertainment has signed a new 20-year lease for 428,000 square feet at Vornado Realty Trust’s PENN 2, which will… Read more