Featured
From FiDi to DUMBO, neighborhood names take more than letters
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By Dan Orlando BoCoCa sounds more like a place to spend spring break than a neighborhood in Brooklyn. While it may have the ring of a tropical island
Banking and Finance
JLL brokers loan for PAG’s New Jersey office acquisition
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180-188 Mount Airy Road JLL arranged acquisition financing for 180-188 Mount Airy Road, two office buildings and an ancillary structure totaling 104,202
Deals & Dealmakers
Vornado to pay $142M for LIC’s Center Building
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By Konrad Putzier Vornado is dishing out $142 million for the 437,000 s/f Center Building in Long Island City. According to a press statement released
Construction & Design
Hudson Yards retail gets underway with one of biggest steel orders in US history
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Hudson Yards today announced the start of vertical construction on The Shops & Restaurants at Hudson Yards, its one million square foot retail center
Deals & Dealmakers
Fitness District works in another new gym
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Another gym concept is coming to the Flatiron District. Sweat440, a Florida-based gym, has leased 5,321 sf of space at 600 Sixth Avenue, a 10-story condo
Deals & Dealmakers
Marx lands $140M loan for 10 Grand Central
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Marx has focused on hospitality with its makeover of the Midtown East property. Marx Realty (MNPP) has secured a $140 million loan to refinance its 10
Deals & Dealmakers
ON THE SCENE: Adelaide Polsinelli has been retained to sell 63-49 & 63-53 60th Place in Queens
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AGENTS HILLY SOLEIMAN Hilly Soleiman of Besen & Associates has been retained to sell the retail condo located at 381 Broome Street.
Leases
eShares takes 36,000 s/f at One World trade Center
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The Durst Organization and The Port Authority of New York and New Jersey announced that eShares, Inc. dba Carta has signed a seven-year lease for 36,099
Construction & Design
Foxy Management opens first property built under city’s new senior zoning regs
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The 168-unit Bronx property was built under new zoning regulations Developer Foxy Management has opened a new senior housing property at 1880 Boston Road
Leases
Fine art logistics company leases Long Island City facility
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North River Company (NRC) announced that Maquette, a New York-based fine art logistics company, has expanded within the company’s Long Island City portfolio.
Construction & Design
Contractors not sweating it despite summer blues
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The city’s contractors are upbeat about their bottom line despite worries about labor conditions and compliance issues. Overall, 86 percentof those
Deals & Dealmakers
Yellowstone waivers are enforceable
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By Michael E. Feinstein Counsel who practice in the area of commercial landlord-tenant litigation are surely familiar with the fundamental procedural device