Debt & Equity
$725M loan to build one of the world’s tallest apartment towers
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The partners behind the newest Billionaires Row super-tower locked down $725 million in construction financing last week. The financing for 111 West 57th
Deals & Dealmakers
CVS opening 13,000 s/f store at renovated One Soho Square
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Stellar Management signed a retail lease with CVS Pharmacy for a prime corner at One SoHo Square, its Class A office building on the border of SoHo and Hudson Square.
Residential
DONE DEALS: Modica’s a lucky charmer
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According to Compass broker, Ralph Modica, who recently closed on a $1.59 million 2-bedroom in Williamsburg, it pays to be kind. The deal, which went $5,000
Deals & Dealmakers
WHO’S NEWS: Mack-Cali building gender, racial diversity on its board
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Mack-Cali Realty Corporation announced that its Board of Directors has increased from ten to 11 members and has nominated Lisa Myers and Laura Pomerantz
Deals & Dealmakers
Rechler not running for office but not running from the issues either
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Everyone was thinking it; she just said it out loud. After Scott Rechler, chairman and CEO of RXR Realty, delivered a stump-worthy spiel about affordable
Deals & Dealmakers
Report: US dominates world’s top tech destinations
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Austin is the world’s foremost ‘tech city’, offering the infrastructure, business environment, talent pool and lifestyle to make it a strong base for tech
Deals & Dealmakers
Selling points: Clinton Hill buildings sell for $35M, Rhodium buys apartments for $30.5M
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BESEN & ASSOCIATES Pair of Clinton Hill buildings sell for $35M The Corbin Group at Besen & Associates and MYC & Associates is pleased to announce
Deals & Dealmakers
BlackRock signs deal to anchor 50 Hudson Yards
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50 Hudson Yards rendering Related Companies and Oxford Properties Group this morning unveiled the design for 50 Hudson Yards with news that investment
Deals & Dealmakers
Jamestown buys Bronx office building
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Acadia Realty Trust has sold a Class A office building in the Bronx for $115 million. Holliday Fenoglio Fowler (HFF) announced the sale of 260 East 161st
REBNY Watch
BANKS: A Garment District plan that fits like a glove
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New York City’s Garment District has traditionally been the epicenter of the apparel industry for the whole world. A national decline in apparel jobs
Debt & Equity
Knighthead starts lending in California markets
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KH Funding CA, LLC, an affiliate of Connecticut-based Knighthead Funding, LLC, a newly licensed lender in California, has originated its first three loans
Deals & Dealmakers
BRP files plans for Harlem lot involved in deed change controversy
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BRP Companies has filed plans to build a seven-story residential building at 847 St. Nicholas Avenue in Harlem. Photo via Google Street View The lot, which