Deals & Dealmakers
TRANSACTIONS: Meridian places $12M mortgage on 7th Ave. multifamily
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Greystone, a commercial real estate lending, investment, and advisory company, has provided a $6.5 million Freddie Mac Small Balance Loan (SBL) to
Deals & Dealmakers
GCP finances over 330 units of housing
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GCP Capital Group has arranged mortgage financing in the aggregate amount of $30,775,000 for the following properties with a combined 336 homes: • $12,950,000
Deals & Dealmakers
SELLING POINTS: Alloy to redevelop two DUMBO properties, Avison Young marketing Harlem offices
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● JLL Alloy JV to redevelop DUMBO property Dumbo-based Alloy Development and The Davis Companies acquired two buildings at 42 and 50 Jay Street for $52.
Construction & Design
Maddd Equities, Joy Construction plan 3 projects in Bronx, Brooklyn
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Maddd Equities and Joy Construction are planning three mixed-use residential developments in The Bronx and Brooklyn. Jorge Madruga, of Maddd Equities
Deals & Dealmakers
Knotel stretches to 117,000 s/f at 110 William
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GREG DiGIOIA Knotel, the flexible office space provider, announced it is expanding its footprint at 110 William Street, a 928,000 s/f class A office tower
Deals & Dealmakers
DPF secures $146M finance deal for renovated Harborside office tower
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New York Life Real Estate Investors originated $146.6 million in financing, on behalf of institutional investors, of 3 Second Street, a Class A office
Deals & Dealmakers
ON THE SCENE: NKF tapped for Bronx lots, Rosewood sells Harlem townhouse for $3.75M
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AGENTS Newmark Knight Frank (NKF) has been selected to manage the sale of more than 44,000 s/f of land spanning two vacant lots in the east Bronx neighborhood
Deals & Dealmakers
Lawmakers want Commercial Rent Tax exemption for small businesses
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By Maria Rocha-Buschel Local elected officials gathered at City Hall to announce legislation that would exempt almost 4,000 local businesses in Manhattan
Deals & Dealmakers
Boston Properties signs 300,000 s/f lease at 399 Park Avenue
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Boston Properties announced that it has signed a long-term lease for more than 300,000 sf with Millennium Management at its 399 Park Avenue property.
Deals & Dealmakers
Stakeholders see plenty of upside in Garment District rezoning
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Still bogged down with a lengthy rezoning process in the Garment District, the city has picked up new zoning projects in SoHo and NoHo. The Garment District
Deals & Dealmakers
Knotel powering into New Year with 80,000 s/f in deals
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Knotel, the agile workspace provider, has finalized new office space deals totaling 78,780 s/f in Manhattan. In the largest transaction, Knotel agreed
Deals & Dealmakers
Boom and gloom in market reports: Brooklyn is up, Manhattan rents are down
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This week’s collection of market reports show contrasting fortunes for different segments of the city’s real estate market. The positive news is that Brooklyn