New York
NJ Shopping Center Receives $17M Financing
HFF secured the five-year, fixed-rate loan, which is accompanied by a $3.4 million construction line that will be used to fund capital and tenant improvements, as well as leasing commissions.
Apollo Commercial Provides $250M for Manhattan Office Project
The finance REIT’s loan is part of the $479 million construction financing package backing Cove Property Group’s Hudson Commons, a 700,000-square-foot office redevelopment and repositioning endeavor in the Hudson Yards/Penn Station submarket.
New Bronx Hotel Developments Land $18M
Meridian Capital Group arranged a 24-month construction loan featuring full-term, interest-only payments for the development of a Best Western and Sleep Inn hotels.
Kimco Begins $186M Staten Island Redevelopment
A redevelopment of the former Hylan Plaza shopping center—the 460,000-square-foot “The Boulevard”—is scheduled to open in early 2020.
Manhattan Tower Lands $479M Construction Financing
Cove Property Group teamed up with an institutional partner to redevelop Hudson Commons into a 700,000-square-foot trophy office building. HFF arranged the loan through affiliates of Apollo Global Management.
Investcorp Makes $156M Manhattan Office Buy
The firm joined forces with Brickman to acquire two assets totaling 267,000 square feet. The Midtown Manhattan properties are fully occupied by more than 20 long-term tenants.
A&G, Madison Hawk Lend a Hand in MU Campus Sale
The property consists of a 72,000-square-foot dormitory, state-of-the-art fitness center, a 65,000-square-foot office/class room complex and a 7,500-square-foot airplane hangar.
W.P. Carey Appoints New CEO
Mark DeCesaris will retire as CEO in December. Current President Jason Fox, who has been with the company for 15 years, will take over the role.
EY Takes 600 KSF at One Manhattan West
The global professional services firm has signed on to occupy 17 floors within the 67-story skyscraper, which Brookfield Property Partners is currently building across from the Empire Station/Penn Station Complex.
Moinian Launches $2B Manhattan Tower
The Moinian Group’s 3 Hudson Blvd. will be the first addition to the redevelopment of the Hudson Yards district north of 34th Street.