Deals & Dealmakers
TRANSACTIONS: GCP Capital Group places $76,280,000 in mortgages
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Eastern Union Funding announced the following transactions: • A $700,000 first lien mortgage for the refinance of a 2-unit multifamily property
Residential
‘Trump’ unit sales take bigger hit than other luxe listings
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The typical sale price for a Trump-branded condo dropped 16 percent while comparable condos sold for 10.5 less after the election, a Redfin study found.
Deals & Dealmakers
JLL team makes $47M assist
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The 80th Street Residence JLL Capital Markets experts have arranged a $47.5 million loan to refinance The 80th Street Residence, an assisted living facility
Deals & Dealmakers
SHVO lands $120M construction loan for Fifth Avenue conversion
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Rendering of 685 Fifth Avenue A joint venture led by SHVO along with partners Deutsche Finance and Bilgili Group has secured a $120 million construction
Deals & Dealmakers
$68M Capitol loan closed by Greystone team
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CAPITOL APARTMENTS Greystone has provided a $68,500,000 Fannie Mae Delegated Underwriting and Servicing (DUS) loan to refinance a Section 8 seniors housing
Deals & Dealmakers
Rudin refinances midtown tower
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New York Life Real Estate Investors announced the financing of 845 Third Avenue, a 370,000 s/f office building in the Plaza District. The fixed-rate loan
Deals & Dealmakers
400,000 s/f anchor renews at Columbia’s JC tower
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95 Columbus in Jersey City Columbia Property Trust has renewed its lease with Pershing LLC, a subsidiary of The Bank of New York Mellon, for 400,000 s/f
Debt & Equity
Developers lock down $460M financing for Pacific Park tower
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Greenland Forest City Partners and The Brodsky Organization today announced they have closed on $460 million of construction financing for 18 Sixth Avenue
Residential
Have You Heard? Former Real Housewife gets first big exclusive listing, deal closed on Spike Lee firehouse
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Former Real housewife of New York Kelly Bensimon, who recently joined Douglas Elliman, has landed her first big exclusive at Extell’s One Manhattan Square.
Views
How long can rental markets survive government meddling?
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Rent-regulated buildings in NYC aren’t built with seniors’ safety or comfort in mind, despite the fact that countless older adults rely on them for shelter.
Featured
Down the hole: Even down payments on NY homes are astronomical, study says
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It would take a person earning a median income 116 years to pay for a 20 percent down payment on a home in Brooklyn Heights, making the neighborhood almost
Construction & Design
Enforcement sweep as safety deadline looms
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Department of Buildings (DOB) inspectors have begun proactive sweeps of over 6,000 construction sites to educate workers about construction site safety.