New York
The Changing Face of NYC Self Storage
CBRE’s Kenneth Herman and Christian Sonne discussed the possible changes and challenges the New York City self-storage market will face because of the recently adopted zoning regulations.
NY Storage Facilities Receive $36M Refi
The two properties, located in Queens and Yonkers, received a combined $36 million loan. Progress Capital secured the financing on behalf of Storage Fox Inc.
Pillsbury Winthrop Relocates Manhattan Offices
The international law firm signed a deal with Paramount Group Inc. to occupy nearly 90,000 square feet at a LEED Gold-certified trophy tower.
NY Office Complex Lands $120M Financing
Ginsburg Development Cos. and Robert Martin Co. will use the Bridge Investment Group-funded loan to pay for their acquisition and redevelopment of the existing buildings into a mixed-use development.
SL Green Inks Full-Building Lease in Manhattan
In a deal brokered by RKF and JLL, beauty conglomerate Coty Inc. will occupy more than 10,000 square feet of retail space in the firm’s latest Times Square development.
Sprinklr Renews 40 KSF Manhattan HQ Lease
NKF negotiated the renewal on behalf of American Equities, the property’s landlord. The interim lease offers the company flexibility to expand its office space in the building as the market changes.
Allianz Taps Loan, Asset Management Head
Peggy DaSilva, who brings more than 30 years of industry experience to the firm, will oversee the loan and asset management group for the Americas region.
Boricua College in Brooklyn Sells for $31M
Cushman & Wakefield arranged the sale of the vacant, three-building asset in Williamsburg, which can be converted into a mixed-use development with luxury apartments.
Queens Asset Lands $35M Financing, Awaits Expansion
Madison Realty Capital secured the loan, which will contribute to the transformation of a now-vacant office building into 206,197 square feet of office and retail, as well as a 181-key hotel.
HFF Brokers Suburban NJ Office Campus Sale
An affiliate of Hartford Investment Management Co. disposed of the seven-building park, which will receive a complete rebranding and repositioning under its new ownership.