Deals & Dealmakers
Feil up-Tempo on condo purchase
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The Tempo condominium The Feil Organization used a 1031 Exchange to purchase a retail condo at the base of the new Tempo apartment building on the southeast
Deals & Dealmakers
Commerzbank buys NYU Langone building for $332.5M
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Commerzbank has purchased 222 East 41st Street from Columbia Property Trust for $332.5 million. Commerz Real, the real estate investment arm of the German
Deals & Dealmakers
Happy Halloween! New York leads country in zombie foreclosures
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Just in time for Halloween, Greater New York recorded the most Zombie foreclosures of any metro area nationwide. According to data firm RealtyTrac, 13,366
Residential
Flatiron District getting 400 new apartments
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By Holly Dutton Over 400 new apartments are being built in the Flatiron District as developers eat into every piece of land available in the neighborhood.
Deals & Dealmakers
Advertising Association signs 40,000 s/f Kaufman lease
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The ANA (Association of National Advertisers) has renewed its 22,951 s/f lease at 708 Third Avenue, aka The Commerce Building, and expanded by 17,865 s/f.
Construction & Design
Breakthrough Atlantic Yards module honored as work stoppage continues
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Forest City Ratner’s groundbreaking modular tower has earned a Breakthrough Award from Popular Mechanic. Roger Krulak, senior vice president of Modular
Deals & Dealmakers
SL Green sells $656M package
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2 Herald Square SL Green Realty Corp. today announced three separate agreements to sell its Manhattan assets located at 2 Herald Square, 180 Broadway
Deals & Dealmakers
$228M construction loan for Flatotel conversion
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Meridian Capital Group negotiated $228.5 million in construction financing for the condominium conversion of the former Flatotel in New York City to residential
Photo Gallery
18 Gramercy Terrace party
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[imagebrowser id=337] Zeckendorf Development hosted a cocktail reception on the terraces of the newly completed condominium, 18 Gramercy Park, on June 18th, 2014.
Deals & Dealmakers
Digital move on Eighth
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ABS Partners Real Estate announced that PeopleDoc Inc., a French company that digitalizes HR documents, has signed a 5-year, 6,232 s/f lease fat 535 Eighth Avenue.
REBNY Watch
Go West: Largest development in U.S. history poised for greatness
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By Steven Spinola If Horace Greeley were around today, urging folks to “Go West, young man” these days he would be talking about exploring the West Side
Construction & Design
$1B in school work boosts city’s new construction numbers
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New York City’s public and private institutions initiated $643 million in construction projects during the first five months of 2014, up from $581 million