Featured
Rent compromise leaves landlords and tenants in same boat
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By Maria Rocha-Buschel A “compromise” between tenants and landlords left neither side happy this week as the city’s Rent Guidelines Board ended a two year
Debt & Equity
TRANSACTIONS: Emerald Creek arranges Gowanus construction loan; Brick Capital funds UES mortgage;
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Brick Capital Partners LLC, announced the following transactions: • Through an affiliate entity, Brick provided a second mortgage in the amount of $4,000,000
Deals & Dealmakers
Eastern Consolidated founders Daun Paris, Peter Hauspurg land at ABS
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Daun Paris and Peter Hauspurg, the husband and wife duo that founded Eastern Consolidated nearly four decades ago, have landed leadership positions on
Deals & Dealmakers
Fosun looks to sell minority stake in 28 Liberty Street
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Fosun International is putting its marquee Manhattan office tower on the market but not in the way many might think. The Chinese conglomerate moved quickly
Deals & Dealmakers
Industry gives tech firm MetaProp $40M vote of confidence
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Real estate tech firm MetaProp has raised $40 million in venture capital from the largest consortium of real estate supporters it has ever gathered.
Banking and Finance
NKF sells, arranges loan for Virginia properties
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DUSTIN STOLLY Commercial real estate advisory firm Newmark Knight Frank (NKF) arranged the sale and acquisition financing of Park at Salisbury and Garden
Debt & Equity
Uber drives $24M mall refi
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Uber Capital Group has sourced a $24.05 million debt refinancing of the acquisition loan for the purchase of the Logan Valley Mall. The two-story, 785,000
Residential
NEW DEVELOPMENT: Greenwich West tops out; Solow starts leasing 685 First Avenue
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● SOLOW BUILDING COMPANY Solow launches new rental Solow Building Company has launched leasing at 685 First Avenue, the company’s luxury residential tower.
Deals & Dealmakers
Fortress closes on $200M deal for Palace Theater retail units
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Fortress Investment Group has purchased two commercial condo units at the historic Palace Theater in Times Square for $200 million. Photo via Randy Lemoine/
Deals & Dealmakers
Gilmartin starts new firm with L&L Holding
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Forest City Realty Trust this week sold the bulk of its stake in the Pacific Park development to its Chinese partners as the companyʼs longtime executive
Residential
HAVE YOUR HEARD? Late Soprano star’s home hits market; Christie Brinkley plays Hamptons Monopoly
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179 Sullivan THE former home of actor James Gandolfini is on the market for $15.695 million. 179 Sullivan Street is a four-story, 8,000 s/f Greek Revival
Deals & Dealmakers
ABC building right for Shakespeare
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SCG Retail, a division of The Shopping Center Group, announced the signing of a 2,550 s/f lease for Shakespeare & Co at 2020 Broadway, between 69th