New York
Brookfield Takes $171M Manhattan Office Loan
Bank of America, the Midtown property’s tenant, provided the financing package.
Vornado Seeking Recap for 2 Trophy Towers
The Trump Organization owns a minority stake in 1290 Avenue of the Americas in Manhattan and 555 California Street in San Francisco.
SL Green Lands $510M Loan for NYC Office Tower
The REIT obtained mortgage financing secured by the trophy asset at 220 E. 42nd St., known as The News Building, and utilized the proceeds to repay its revolving credit facility.
Sitex Group Trades $112M Queens Industrial Portfolio
The three Class B buildings total 235,500 square feet at Long Island’s largest railway junction.
Lincoln Equities Group JV Buys 1.2 MSF Life Sciences Campus
The Princeton West Innovation Campus in central New Jersey is largely vacant at this point, but the region’s life sciences sector is active and strong.
Crow Holdings Pockets $164M for Central New Jersey Warehouse
The sale of a new 925,000-square-foot facility in Franklin Township marks one of the nation’s largest single-asset industrial trades during the pandemic.
Queens Warehouse Scores $40M Refi
Maxim Credit Group provided the financing package for the nearly 600,000-square-foot industrial asset in Maspeth.
Manhattan Coworking Building Changes Hands
As part of the deal, the buyer assumed a $35 million loan Arbor Realty Trust had provided in 2018.
Lincoln Property JV Sells Converted Brooklyn Asset for $44M
The buyer of the 125,000-square-foot office building assumed the outstanding balance of a mortgage from LoanCore.
IRA Capital Buys Long Island MOB
The 41,500-square-foot property in Manhasset is the company’s 11th acquisition in the past 60 days.