Construction & Design
Developers branching out with new LIC low-rise
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There’s no shortage of high-rise development in Long Island City as sparkling offices, apartments and hotels are stacked atop reclaimed industrial sites
Deals & Dealmakers
Rosenberg & Estis renews on Third
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The Durst Organization announced Rosenberg & Estis, P.C. signed a 10-year lease for 16,456 s/f on the entire 15th floor and renewed on the entire 12th
Deals & Dealmakers
Private equity firm WCAS aquires Green Street Advisors
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CRAIG LEUPOLD Welsh, Carson, Anderson & Stowe (WCAS) has signed a deal with Golden Gate Capital (GGC) to acquire Green Street Advisors (GSA), the CRE
Debt & Equity
Glacier Global, Triangle bags $205M refi’ for 10 Jay Street
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Newmark Knight Frank announced that it has arranged a $205 million floating-rate loan for the refinance of 10 Jay Street in Brooklyn, NY on behalf of Glacier
Debt & Equity
Arbor Realty first lender to $2 billion mark in Freddie Mac small balance loans
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Arbor Realty Trust, Inc., a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors
Deals & Dealmakers
Pilates studio Wundabar coming to SoHo
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Eastern Consolidated’s Retail Leasing Division has arranged a five-year, 1,080 s/f lease at 21 Thompson Street in SoHo for WundaBar, a pilates studio founded
Retail
Experts believe mixed use development is way forward for retail sector
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Experts told a meeting of the Long Island Real Estate Group that  the future of retail real estate in an era of declining brick-and-mortar sales is mixed-use developments.
Deals & Dealmakers
Travel agency Travel Leaders Group takes 106,000 s/f at 1633 Broadway
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Paramount Group has signed a 106,000 s/f lease with Travel Leaders Group Elite at 1633 Broadway. Both of Travel Leaders Group companies, Tzell Travel Group
Featured
Old bones, new skin: the evolution of TF Cornerstone’s 95 Horatio
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By Roland Li When Rockrose Development acquired 95 Horatio Street in the 1980s, the Meatpacking District was a different world. Transvestite prostitutes
Debt & Equity
City Urban Realty, Stellar Management get $21M loan for Canal Street building
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243 Canal Street, a six-story building, was recently renovated. Michael Alvandi’s City Urban Realty and Stellar Management have successfully completed
Deals & Dealmakers
Katz shows off Highline cousins
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Rendering of the retail space at 508 W. 20th St. Sherwood Equities has released a rendering of a new single-story retail space currently under construction
Deals & Dealmakers
GIC, Paramount joint venture buys 60 Wall St. for $1.04B
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A joint venture between Singaporean sovereign wealth fund GIC and Paramount Group has bought 60 Wall Street for $1.04 billion or about $640 per s/f.