New York
Eastern Consolidated Arranges $121M Financing for NYC Hotel
The real estate firm orchestrated a $97.5 million first mortgage and a $23.9 million mezzanine construction loan for the McSam Hotel Group’s development of a dual-branded, 526-key lodging project in Chelsea.
One Grand Central Place Lands Full-Floor Tenant
Empire State Realty Trust has signed a lease for the 48th floor of the Midtown Manhattan tower, with a litigation-focused law firm as the new tenant.
Devli Group Continues Acquisition Binge in NJ
The Hampshire Cos. sold the two-building flex industrial property located in Warren, N.J., in a sale brokered by Cushman & Wakefield.
NKF Adds New Tenant to Park Avenue Tower
Equity Office’s 360,000-square-foot Manhattan office tower has added The Raine Group to its tenant roster, which also includes the National Bank of Canada and Oak Hill Capital Management.
NY Health Care Center Receives $24M Financing
Greystone provided the HUD-insured loan for The Willows at Ramapo Rehabilitation and Nursing Center, the largest subacute community in Rockland County.
AEW, MRP Land $26M Bronx Industrial Complex
The facilities, which total 120,000 square feet of warehouse and distribution space, also benefit from a strategic location in the Hunts Point neighborhood.
NYC’s 10 Hudson Yards Achieves LEED Platinum Status
The 1.8 million-square-foot office tower at Related Cos. and Oxford Properties Group’s $20 billion Hudson Yards mixed-use development becomes the first commercial office building in New York to achieve the coveted Platinum rating since USGBC’s launch of the LEED v2009 rating system.
Top 5 Retail Space Sales
PropertyShark compiled the top 5 sales in retail for November 2017 in New York City.
Top 5 Office Building Sales
PropertyShark compiled the top 5 sales in office for November 2017 in New York City.
Manhattan’s New Mondrian Hotel Gets Refi
An HFF team arranged the floating-rate loan with JPMorgan Chase Bank, N.A., on behalf of Moin Development Corp., sponsor of the 190-key luxury property. Proceeds were used to refinance the construction loan.