New York
CMBS Special Servicing Rate Improves in May
The Trepp CMBS Special Servicing Rate decreased by 51 basis points in May to 10.86%. The improvement was driven primarily… Read more
Baker Tilly Acquires Anchin; Will Relocate Headquarters to NYC
Advisory, tax and assurance firm Baker Tilly has agreed to acquire Anchin, Block & Anchin LL, a leading New York-based… Read more
Hotel Investors Target Luxury, Upscale Leisure Properties
Hotel investors are concentrating capital in luxury and upscale leisure properties while new development remains difficult as financing costs remain… Read more
Vornado Brings Redeveloped PENN 2 to 90% Leased
Vornado Realty Trust announced that PENN 2, its reimagined office tower in the Penn District campus, is now 90% leased after… Read more
David Werner Closes on $270M Acquisition of One Dag Offices
Newmark has arranged the sale of One Dag Hammarskjöld Plaza, a 50-story Class A office tower located at 885 Second… Read more
Ameriprise Signs 10-Year Renewal for One World Trade Center Space
The Durst Organization and the Port Authority of New York and New Jersey announced that Ameriprise Financial, Inc. has renewed… Read more
BSD, KSR Recapitalize 370 Lexington Ave. for $138M
Broad Street Development (BSD) and KSR Capital completed the refinancing and recapitalization of 370 Lexington Avenue, a recently modernized 317,000-square-foot… Read more
Amtrak, USDOT Unveil Renderings for NY Penn Station Redevelopment
U.S. Department of Transportation Secretary Sean P. Duffy, Special Advisor to the Amtrak Board Andy Byford and Penn Transformation Partners… Read more
Resnick Secures 117K SF of Office, Retail Leases at 250 Hudson St.
Jack Resnick & Sons secured 119,000 square feet of new office and retail leases at 250 Hudson St., bringing occupancy at the… Read more
Olmstead, Vertex Acquire Repositioned 1916-Vintage Midtown Offices
Olmstead Properties, in partnership with Vertex, has acquired 19 W. 44th St., a 302,000-square-foot Midtown Manhattan office property, for an… Read more
BHI Provides Condo Inventory Loan for Ground-Up Luxury Project
BHI, the U.S branch of Bank Hapoalim, B.M., provided a $200-million condo inventory loan to Malabar Residences, a newly constructed… Read more
Simpson Thacher Leases More Than 900K SF at New Extell Tower
Law firm Simpson Thacher & Bartlett has committed to 916,000 square feet at Extell Development’s new 570 Fifth Ave. tower… Read more
ESRT Offloads 250 W. 57th St. for $275M
Empire State Realty Trust, Inc. (ESRT) said Tuesday it had completed the disposition of 250 W. 57th St., a 540,000-square-foot office… Read more
George Comfort & Sons Launches Capital Improvements for 44 Wall Street
George Comfort & Sons, in partnership with Gaedeke Group, announced a capital improvement program for 44 Wall St., a boutique office tower in… Read more
S3 Capital Provides $132M Loan for Washington Heights Student Housing
S3 Capital has originated a $131.5-million refinance and construction loan to fund the development of a 28-story purpose-built student housing tower… Read more
SL Green Selling Midtown Offices to Meadow Partners
SL Green Realty Corp. said Monday it sold 10 E. 53rd St. in Midtown Manhattan for total consideration of $312.2… Read more
Koeppel Rosen Negotiates Five Leases in Midtown South
Koeppel Rosen LLC, leasing and management agent for the Rosen family portfolio, secured five new office leases totaling 15,474 square… Read more
Ariel Arranges Condo Construction Loans in Brooklyn, Queens
The Capital Services Group of Ariel Property Advisors recently closed three loans from private lenders totaling more than $17 million to… Read more