New York
Developer Announces $67M Mixed-Income Rental Building in Greenpoint
The Domain Companies, a real estate investment and development firm based in New Orleans, officially announced last week that it has secured financing of a new mixed-income development in Greenpoint, Brooklyn’s northernmost neighborhood, through a mix of loans at below-market interest rates from the New York City Housing Development Corporation (NYCHDC) and Goldman Sachs.
Dermot Sells 14-Building Portfolio in NY for $191M
Dermot Property Associates has sold a 14-building portfolio in New York City consisting of 861 apartments and 41 retail units for $191 million.
Onyx Equities Grabs Prominent Office Building; Avison Young Hires Tri-State Pharma Industry Expert
By Veronica Grecu, Associate Editor
Onyx Equities LLC, a Woodbridge, N.J.-based private real estate investment, development and management firm, closed on one of Long Island’s largest office building sales of 2012. On December 19, Onyx completed the acquisition of Atria West—a 235,000-square-foot, […]
Kaufman Coughs Up $56M for 120 KSF Office Building in Manhattan’s Midtown South
In Manhattan’s thriving Midtown South submarket, the office property at 27–35 West 24th St. has just come under new ownership.
Pasha Group Sells Prime Midtown Manhattan Development Site
Pasha Group sold 546 W. 44th St., a prime development site located between 10th and 11th avenues in New York City’s Midtown West submarket. Cushman & Wakefield Inc. represented the company in the deal.
Hong Kong, NYC Close Q3 as Priciest Retail Markets
Hong Kong and New York City kicked off 2012 at the top of the list of the world’s most expensive retail markets. Barring any major developments, it appears the globally-coveted shopping metropolises are going to end the year without a threat to their respective first- and second-place positions, judging by CBRE Group Inc.’s third-quarter MarketView research report.
Friedland Properties Buys NYC’s 706 Madison Ave. for $142M
JLL represented BNY Mellon in the sale of 706 Madison Ave., a 19,100-square-foot, premier retail building that was sold to Friedland Properties for $142 million.
Savanna Completes Sale of Manhattan’s 104 West 40th St. for Reported $100M
Savanna, a New York-based real estate private equity and asset management firm, has completed the sale of 104 West 40th St., a 210,000-square-foot, 20-story Class A office building located next to Bryant Park in Midtown Manhattan, to Princeton International Properties.
Avison Young Named Exclusive Leasing Agent for Prime Data Center, Hires Specialist in NY Office
1547 Realty Partners, a company that was founded by industry professionals to invest in data center properties, has recently appointed Avison Young as the exclusive leasing agent for 1 Ramland Road, a state-of-the-art data center and disaster recovery facility in Orangeburg, N.Y.
Manhattan’s Thriving On The Ave Hotel Lands $80M in Refinancing
The 282-room On The Ave Hotel in Manhattan has been refinanced to the tune of $80 million.