Deals & Dealmakers
SELLING POINTS: This week’s middle market sales and exclusives
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● ROSEWOOD REALTY GROUP Clipper closes on Upper West Side rental Rosewood Realty Group announced the $79 million sale of an Upper West Side 82-unit rental
Debt & Equity
Sutton JV refinances Harlem retail
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On behalf of Jeff Sutton and Wharton Properties, Abe Mann of Progress Capital secured $23,000,000 to refinance 324 West 125th Street. Located on a prime
Deals & Dealmakers
MTA purchases Grand Central Terminal for $35 million
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The MTA bought the 105-year-old Grand Central Terminal for $35 million. The MTA board voted to approve the purchase during their monthly board meeting in November.
Deals & Dealmakers
Jared Kushner sells stake in 666 Fifth Ave. to family trust
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Jared Kushner has sold his stake in 666 Fifth Avenue, following up on a promise earlier this month to divest from his assets. A Kushner spokesperson told
Construction & Design
Noise pollution tackled by Trade Center echo barrier
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Echo Barrier Limited announced that the firm’s Echo Barrier H2 Series acoustic barriers have helped to provide a solution to construction noise at the
Residential
WHO’S NEWS: Residential appointments and promotions
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Stribling & Associates announced that Christine Miller Martin and Deanna Lloyd have joined the firm. With an extensive client network and combined
Featured
Macklowe produces statement piece with 200 East 59th Street
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Harry Macklowe’s 200 East 59th Street is both a development unto itself and the culmination of a his career’s work. Standing 35 stories above Third Avenue
Featured
Broker bringing storm victims back home again
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Robin Shapiro By Holly Dutton In one of the New York areas hardest-hit by Hurricane Sandy, one broker is helping residents find their way back home again.
Deals & Dealmakers
Norwegian firm Norges acquires $223M stake in 375 Hudson
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A joint venture of Trinity Church, Norges Bank and Hines has purchased 375 Hudson Street from Tishman Speyer in a deal that values to property at $865 million.
Technology
Industry leaders to speak at major proptech gathering
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Reed MIDEM, organizer of global real estate conferences, together with MetaProp NYC, the early stage PropTech accelerator, announced the first confirmed
Deals & Dealmakers
MRC antes up $30M for XIN
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Madison Realty Capital (MRC) provided a $30 million first mortgage loan collateralized by a mixed-use development site at 135-35 Northern Boulevard in
Retail
Ripco ready to lease Brooklyn Navy Yard’s Admirals Row
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Doug Steiner, chairman of Steiner NYC, has retained Peter Ripka and Jason Pennington of Ripco Real Estate to lease Admirals Row at the Brooklyn Navy Yard