Deals & Dealmakers
WHO’S NEWS: Former Natixis boss joins Fried Frank; Knotel has new Global Head of Enterprise
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Fried, Frank, Harris, Shriver & Jacobson LLP announced that Andrew B. Levine has joined the firm as senior counsel in the Real Estate Department.
Deals & Dealmakers
Legal ace Adam Bailey breaking the rules to make new ones
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By Dan Orlando Adam Leitman Bailey’s birth certificate indicates that he is barely middle aged. His physical stamina indicates that he is barely 25.
Deals & Dealmakers
JDS secures $660M for ‘ultra luxury rentalʼ
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JDS Development Group has landed a $660 million financing deal for its double-tower American Copper Buildings in Kips Bay. JLL’s Capital Markets team secured
Deals & Dealmakers
SL Green looking for $165M refi of 10 East 53rd Street in Midtown
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SL Green and Canada Pension Plan are said to be seeking a $165 million floating-rate mortgage for 10 East 53rd Street in Midtown. Photo via SL Green’
Deals & Dealmakers
Paramount secures $300M loan for 712 Fifth Avenue in Midtown
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Paramount Group has secured $300 million in financing for 712 Fifth Avenue in Midtown Manhattan. The 10-year loan has a fixed rate of 3.
Deals & Dealmakers
Rechler signs 150,000 s/f lease with pharma giant
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Rechler Equity Partners, the largest owner of commercial real estate in Suffolk County, recently signed two long-term lease agreements with Amneal Pharmaceuticals.
Deals & Dealmakers
Industrial vacancy hits all-time low as technology, consumers change
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Industrial vacancy has reached an all-time low as changes in technology, supply chains and consumer habits continue to drive leasing demand for properties.
Deals & Dealmakers
Vornado secures $400M loan for 350 Park Avenue
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Vornado Realty Trust has secured $400 million in financing for 350 Park Avenue in Midtown Manhattan. Photo via Vornado’s website The ten-year loan
Deals & Dealmakers
Astoria retail properties sold for $13.55 million
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Two retail properties in Astoria, Queens occupied by outlets for the GAP and FedEx/Kinkos were sold for $13.55 million. The two adjacent buildings are
Deals & Dealmakers
Sam Chang sells another hotel site to Hersha for $28.7 million
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32 Pearl Street, PropertyShark By Roland Li Hotelier Sam Chang has sold another property, 32 Pearl Street, to Hersha Hospitality Trust for $28.
Deals & Dealmakers
Fordham’s Real Estate Institute expanding to Westchester
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The Real Estate Institute at Fordham University’s School of Professional and Continuing Studies announced the expansion of professional certificate programs
Construction & Design
All systems go for 125th Street project
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By Al Barbarino Above: Artist’s rendering of the planned hotel. The architecture firm behind a new 360,000 s/f mixed use property to be developed above