New York
Manhattan Retail Condo Commands $25M
Rubie’s Costume Co. purchased the 26,401-square-foot space that is currently fully occupied by New York City’s largest costume store. The sale included an additional $12.5 million loan assumption.
NJ Office Asset Sells in $17M Deal
On behalf of U.S. bank, special servicer CWCapital Asset Management disposed of the 281,762-square-foot property within the 280 Corporate Center Business Park in Roseland, N.J. Several CBRE teams helped broker the transaction.
Blink Fitness Takes Over Brooklyn Landmark
The Lyceum originally served as NYC Public Bath No. 7 and underwent preservation of its exposed brick, large arched windows and industrial steel trusses that support the 22-foot high ceilings.
Spector Group Reveals Design for NYPD Training Center
The firm joined forces with Tactical Design North to deliver the first renderings for the upcoming 150,000-square-foot Nassau County Center for Training and Intelligence in Garden City, N.Y. The center is aimed to service personnel from 19 villages and city departments, as well as state and federal law enforcement agencies.
Cachet to Open First NYC Hotel
Dubbed the Cachet Boutique NYC, the 105-key hotel was developed in partnership with Merchants Hospitality Group. The hotel is steps from Chelsea, Hell’s Kitchen and the soon to be open Hudson Yards.
Vornado Completes $500M NYC Refi
The 40-story office building is located in Midtown Manhattan at 330 Madison Ave. It’s the fourth Manhattan asset the REIT or an affiliate has refinanced in the last eight months.
TF Final Mile Renews 74 KSF NJ Lease
The transportation and logistics company will continue to operate its New Jersey office at the 105,796-square-foot Teterboro warehouse/distribution center. Other tenants include Dynamic Worldwide and Jet Distribution.
JLL to Lease, Market NY Bioscience Park
The firm will handle the leasing and marketing for Broad Hollow Bioscience Park, a 62,000-square-foot biotechnology research facility located in Farmingdale, N.Y., which provides affordable leasing space to biotech companies through tax-incentive programs.
Top 5 Retail Space and Office Building Sales
PropertyShark compiled the top 5 sales in office and retail for June 2017 in New York City.
Attorney Hugh Finnegan Joins Romer Debbas as Partner
With more than three decades of experience, Hugh Finnegan will also serve as co-manager of the firm’s commercial real estate department, focusing on enhancing the company’s lending platform.