New York
Largest Urban Outfitters Store Worldwide Coming to Herald Square
A multi-level Urban Outfitters location is ready to launch in the so-called Garment Center in Manhattan’s Financial District on June 7. The Philadelphia-based retail giant who also operates the brands Anthropologies, Free People, Terrain and BHLDN announced the grand opening of its long-awaited “lifestyle center” in Herald Square, also known as 1333 Broadway.
Carlton Closes $100M Lower Manhattan Condo, Hotel Pre-Development Loan
The Carlton Group has arranged a $100 million pre-development loan for a hotel and condominium project on Manhattan’s Lower East Side.
SL Green Refinances Manhattan’s 388-390 Greenwich St. for $1.4B
SL Green Realty Corp. has refinanced 388-390 Greenwich, the 2.6 million-square-foot Manhattan office complex occupied in its entirety by an affiliate of Citigroup Inc., to the tune of $1.45 billion.
FiDi Luxury Rental Tower ‘The Lara’ is Almost Fully Leased
The Lara, one of the newest rental buildings in Manhattan’s Financial District, is already 90 percent occupied after only four months on the market.
Gramercy to Buy Garrison’s 50% Interest in $395M Bank of America Portfolio
Gramercy Property Trust is acquiring the 50 percent interest in a $395 million Bank of America office portfolio from its joint venture partner Garrison Investment Group.
Developers Offer Limited Time Move-In Incentives for Prospective Residents at The Maximilian
The Maximilian, one of the most stylish residential developments in the western-most part of Queens is now fully built, Real Estate Weekly reported. The announcement was made by McGowan Builders Inc. who served as general contractor and construction manager for the 12-story apartment building.
Thor Equities, Rockwood Capital Buy NYC’s Upper West Side Apartment Property
Acting through its new residential division, Thor Equities has joined forces with Rockwood Capital on the acquisition of 838 West End Ave., a 70-unit apartment property on Manhattan’s coveted Upper West Side.
STRS Sells 529 KSF Office Property in Parsippany, NJ to Brookwood
STRS Ohio has sold Morris Corporate Center 1 & 2, a 529,362-foot trophy office property in Parsippany, NJ to Brookwood Financial Partners for $82 million.
KBS, Savanna Buy 110 William St. in Manhattan for $261M
Savanna and KBS Capital Advisors will make “comprehensive capital improvements” to 110 William St., the 32-story office building they have acquired from Swig Equities and the Dubai Investment Group.
For Studley, $260M Merger with Savills Promises Blooming Global Platform
“We will be uniquely positioned to develop new business from around the globe, while continuing to deliver exceptional service to clients,” Mitchell Steir, Studley’s chairman & CEO, told CPE.