New York
Alexander’s Cashes Out Nearly $200M in Manhattan Refi
The office portion of 731 Lexington Ave. in Manhattan received $500 million in refinancing, which matures in June of 2024.
McLaren Joins Formula E on Brooklyn Racetrack
The site will be prepared for the event through a series of temporary and permanent enhancements ranging from barriers and security fences to gangways and sidewalks. The New York City Economic Development Corp. and The Port Authority of New York and New Jersey are also part of the group behind the project.
CPE’s Top 5 May 2017 Articles
Miss out on any CPE stories in May? Here are five of our most popular articles for the month, including a report on the highest taxed buildings in America and news on a massive live-work-play community underway from Hines.
Manhattan Trophy Building Welcomes New Tenants
William Kaufman Org. signed three leases totaling 35,682 square feet at 437 Madison Ave., with Munich American Reassurance Co., Eos Management LP and Montgomery McCracken Walker & Rhoads LLP.
Construction Begins on Manhattan’s Second Hotel Indigo
The 90,000-square-foot hotel will be designed by Gene Kaufman Architect and will be located at 8-10 Maiden Lane in Manhattan’s Financial District.
One Lincoln Center Lands $21M in Financing
Meridian Capital Group secured the acquisition and repositioning loan on behalf of Zamir Equities, which purchased the tallest office tower in Syracuse for $25.3 million.
CBRE Announces Three Promotions
The firm promoted David Gavin as senior vice president, Michael McCall as first vice president and Jacqueline Novotny as vice president. They will be based in the Westchester/ Fairfield office.
Diamond Dealers Club Relocates to International Gem Tower
In a deal brokered by Extell Development, the diamond trade giant acquired a commercial condo on the tower’s 11th floor.
Empire State Realty Lands New Tenant at NYC HQ
Global retailer Gap Inc. signed an 80,900-square-foot lease at the newly refurbished 111 W. 33rd St., in Manhattan. The new tenant will occupy two entire floors.
On the Market: 5 Small-Business Listings for May
This month’s listings span the country, from historic converted lofts in Grand Rapids, Mich., to a mixed-use condo/retail asset in Brooklyn.