Deals & Dealmakers
South Koreans pay $5.8B for Anbang hotel portfolio
00
Mirae Asset Global Investments announced that it has entered into a definitive agreement to acquire a portfolio of 15 U.S. luxury hotels from Anbang Insurance Group Co.
Construction & Design
Sprawling Bronx apartment complex gets $17M makeover
00
A $17 million renovation project has been completed in the Soundview neighborhood of the Bronx. The 972-unit Lafayette Boynton complex has been given the
Debt & Equity
Reading International scores $57.5M loan for Tammany Hall redevelopment
00
RM Capital Management has arranged $57,500,000 of first mortgage and mezzanine construction financing for the redevelopment of the Tammany Hall Building
Views
My real estate pet peeve: Greed
00
By Heidi Burkhart, founder and president, Dane Real Estate The real estate industry as a whole is often portrayed as being full of greedy people who try
Featured
More landlords greet New Year with empty apartments
00
December apartment vacancy rates continued to climb, despite landlord efforts to tempt end-of-year renters. According to Citi Habitats’
Debt & Equity
Transactions: Eastern Union’s $36.9M loan for Bronx portfolio, Meridian’s $2.6M for Cedarhurst co-op
00
Eastern Union Funding arranged the following transactions: A $36.9 million first lien mortgage for the acquisition of an 11-building multifamily portfolio in Bronx, NY.
Deals & Dealmakers
$100,000 new benchmark for affordable apartments
00
City Point 1, the Downtown Brooklyn mixed use project co-developed by BFC Partners, Washington Square Partners and Acadia Realty Trust, is offering affordable
Debt & Equity
Flexible Fred makes sense for affordable housing investors
00
Non-profit affordable housing finance company, Community Preservation Corporation (CPC), has closed $11 million in permanent mortgages deals to refinance
Construction & Design
JV to build 1.3M s/f Sunset Park distribution hub
00
The partnership of Bridge Development Partners and DH Property Holdings, along with equity partner Banner Oak Capital Partners, announced that it has acquired
uncategorized
Knotel signs lease at West 35th St
00
Knotel has finalized a 39,000 s/f lease at United Group’s 29 West 35th Street in Midtown. The new lease encompasses five full floors at the 12-story building.
Construction & Design
Noted designer launches new interiors company
00
Karen Asprea, who as principal of Whitehall Interiors directed the design and creation of interiors for many of New York’s most successful apartment towers
Construction & Design
Architecture firm nabs three floors in One Willoughby Square
00
FXFOWLE enjoyed its latest project, a 34-story office building in Downtown Brooklyn, so much that it’s decided to lease space there—three full floors, to be exact.