New York
Manhattan Luxury Hotel Gets $31M Refi
Madison Realty Capital originated the loan for the 81-key GEM Hotel in Chelsea. The sponsor acquired the property, which previously served as a residential building, in 2007.
Hudson Yards Officially Opens in NYC
Related Cos. and Oxford Properties Group formally introduce the largest private real estate development in U.S. history, a brand-new neighborhood on Manhattan’s Far West Side.
Law Firm Signs 100 KSF Lease at 55 Hudson Yards
Boies Schiller Flexner took up four full floors within the 1.3 million-square-foot office building. The firm’s new space also features a 4,000-square-foot café.
Mack-Cali to Sell Suburban Office/Flex Assets for $488M
The office and multifamily REIT plans to sell 56 properties in Westchester County, N.Y., and Fairfield County, Conn., to an affiliate of the Robert Martin Co.
Moinian Closes $595M Refi for Manhattan Asset
The developer secured a CMBS loan for 3 Columbus Circle, formerly known as the Newsweek Building and originally built as the General Motors Corp.’s headquarters.
Transwestern Hires New VP in NJ
Douglas Rowe has more than 20 years of commercial real estate experience. During his career, he represented companies such as American Express and United Airlines.
Columbia Property Trust Brings Manhattan Office Asset to Full Occupancy
Drive Shack signed for the last available floor of the 165,586-square-foot building. The current owner acquired the property in 2017, as part of a portfolio deal.
Himmel + Meringoff Properties Hires New Executive
Adam Weissleder has also stepped up as the firm’s director of leasing. He previously occupied various executive roles at SL Green Realty, Cushman & Wakefield and Reckson Associates.
Berkadia Acquires CPCP, Launches Structured Capital Group
Central Park Capital Partners, led by Noam Franklin, has diverse domestic and international finance relationships and is part of Berkadia’s strategy of becoming a one-stop shop.
Women’s Coworking, Community Space Opens 4th Manhattan Site
The Wing’s 12,252-square-foot, full-floor lease at the former Engineering Societies Building in Midtown Manhattan is the company’s fourth New York City location.