New York
Construction Starts on $80 Million Soundview Housing Project in the Bronx
The first phase of construction at a new affordable housing complex in the Soundview neighborhood of the Bronx began last week.
50-Story Tower Proposed as Part of NYC Seaport Redevelopment
One month after breaking ground on an upscale mall at Pier 17 at Manhattan’s historic South Street Seaport, The Howard Hughes Corp. is proposing more redevelopment at the site, including a new marina and a mixed-use 50-story hotel and apartment tower.
Javits Center Completes $465 Million Make-Over, Boasts Largest Green Roof in the Northeast
By Veronica Grecu, Associate Editor The expansion and revitalization process of the iconic Jacob K. Javits Convention Center has reached completion after a four-year-long process. Considered the country’s largest and busiest venue for conventions, trade shows and large-scale events (in 2012 alone it hosted more than 140 events that generated nearly $1.5 billion for New […]
Retail Properties Buys 262 KSF, M-U Property in Bronx for $134M
Retail Properties of America has spent $192 million on two properties in the New York City metropolitan area, including Fordham Place, a 262,000-square-foot Class A mixed-use asset on Fordham Road in the Bronx it purchased for $134 million.
C&W Arranges $275M in Financing for Historic NYC Tower
Cushman & Wakefield served as the exclusive advisor to an affiliate of SL Green Realty Corp. in arranging a $275 million, seven-year senior mortgage loan for 220 E. 42nd St. in New York City.
SL Green Acquires Interest in Manhattan’s Embattled 650 Fifth Ave.
A joint venture between SL Green Realty and Jeff Sutton has acquired a 49-year leasehold interest covering the retail portion of 650 Fifth Ave., an office tower with decades-long ties to the Iranian government and now in legal limbo as a result.
City Launches RFP to Redevelop Crown Heights’ Bedford Union Armory
The century-old Bedford Union Armory in Brooklyn’s Crown Heights section has high chances to be transformed into a public recreation center. The New York City Economic Development Corp. (NYCEDC) recently issued a request for proposals to revitalize the long-vacant armory into a community-friendly space or sports venue.
Silverstein, Loeb Get $85M in Financing for Manhattan’s 529 Fifth Ave.
Silverstein Properties and Loeb Partners Realty have received a seven-year, $85 million loan from Wells Fargo for 529 Fifth Ave. in New York City.
Investcorp Acquires Office, Retail Assets Worth $250M
Investcorp, a global provider and manager of alternative investment products, continues an active year with the acquisition of office and retail assets in the greater Chicago, Los Angeles, Minneapolis and New York areas valued at $250 million.
50 UN Plaza Unveils 88 Luxury Condos
Zeckendorf Development and Global Holdings held a sales launch event for 50 United Nations Plaza to unveil the views and prices of 88 condominiums across from the United Nations HQ, geared towards the über high-end client.