Deals & Dealmakers
WHO’S NEWS: Lee & Associates and JLL welcome new managing directors
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Lee & Associates NYC has welcomed Ben Tapper to its investment sales division as a Senior Managing Director. Tapper was previously with Eastern Consolidated
Deals & Dealmakers
SELLING POINTS: Silverback braced for HQ2 rush; Benchmark back in buying mode
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● GREYSTONE Silverback braced for HQ2 rush Greystone Development sold the residential component of 24-16 Queens Plaza South in Long Island City to a joint-venture
Construction & Design
Trump infrastructure plan gets a lukewarm real estate reception
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President Trump unveiled his administration’s $200 billion infrastructure plan this week to a lukewarm reception from the real estate industry and elected
Deals & Dealmakers
EQ welcomes investment firm to Park Ave. Tower
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EQ Office announced the signing of a new 57,333 s/f lease with PineBridge Investments to occupy the entire fifth, sixth and seventh floors at Park Avenue
Construction & Design
L&L tops out 425 Park Avenue
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L&L Holding Company Chairman and CEO David W. Levinson and President and Chief Investment Officer Robert Lapidus were joined by Pritzker Prize-winning
Deals & Dealmakers
Altice USA move, consolidation drives L.I. office sublease market
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Cable and internet provider Altice USA’s office shuffling in Nassau County headquarters continues to drive up Class A office subleasing availability in Long Island.
Deals & Dealmakers
TRANSACTIONS: Meridian places new mortgage of $15,000,000 for multifamily on Ludlow Street
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Arbor Realty Trust funded the following loans: • A Fannie Mae DUS Seniors Housing Loan in Hamden, CT. Meadow Mills Assisted Living &
Construction & Design
PA mulls new bus station plans
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The Port Authority is considering a trio of options to rebuild its 42nd Street bus terminal. One plan calls for rebuilding the 70-year-old terminal on site;
Debt & Equity
Nyack College to consolidate
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Procida Funding provided a $38,500,00 debt consolidation and working capital loan to Nyack College in Rockland County, NY, on behalf of The 100 Mile Fund
Featured
Food Halls the WeWork of restaurant biz, says celebrity chef Todd English
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Calling them the WeWork of the food industry, celebrity chef Todd English warned food halls are not a magic elixir for struggling retail owners.
Construction & Design
Real Estate industry ready to work with new city council speaker Corey Johnson
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The newly-elected City Council speaker Corey Johnson won’t be shying away from real estate issues. Johnson, 35, was elected in an overwhelming majority
Deals & Dealmakers
Stuy Town air rights deal a key piece of housing puzzle
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By Sabina Mollot Blackstone’s $5.3 billion purchase of the sprawling Stuy Town apartment complex also bought the firm a jumbo 700,000 s/f of air