Debt & Equity
Vanbarton bags $67M loan to finance Astor Retail acquisition
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Cushman & Wakefield advised an affiliate of Vanbarton Group in arranging $67.5 million of acquisition financing for The Astor Retail Condominium, a
Deals & Dealmakers
Multifamily veteran has his eye on the bigger picture
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Erik Yankelovich’s position of senior director of investment sales still keeps him on his toes, after 15 years in the commercial real estate business.
Debt & Equity
Compass raises $73M in new funding round
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Compass, the technology-driven real estate platform, has closed a new round of funding, company executives announced. The new $75 million round, led by
Retail
Belgian bakery Le Pain Quotidien to open at 205 Bleecker St.
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RKF arranged a 2,969 s/f lease for the growing Le Pain Quotidien chain. Started in Brussels in 1990, the Belgian-inspired bakery and communal table chain
Construction & Design
FCR hoists first Atlantic Yards building module
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The first module was place on the site today. Forest City Ratner Companies (FCRC), the developer of Atlantic Yards in Brooklyn, and Skanska USA, the construction
Deals & Dealmakers
Museum of Ice Cream signs 10-year lease in SoHo
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Three years after starting as a pop-up, the Museum of Ice Cream will be opening a longterm location late this fall after signing a ten-year lease for three-floor
REBNY Watch
Cityʼs real estate industry leading the way on climate change
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The Real Estate Board of New York (REBNY) is committed to addressing climate change by supporting proactive and achievable steps that make our city a greener
Deals & Dealmakers
Another Batsu theater coming to St. Marks Place
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Raw fish and raw comedy are both coming to the East Village. Wara, a Japanese izakaya restaurant and dinner theater, will open in April 2019 at 67 First Avenue.
Debt & Equity
McSam gets custom deal on mezz loan for West Side hotel
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Pembrook Capital Management LLC, a commercial real estate investment manager, has closed on a $25.8 million mezzanine loan with a first mortgage conversion
Views
Seven deadly pitfalls when buying NYC multifamily
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By Eric Rubenstein and Matthew Zangwill, Ruskin Moscou Faltischek PC Multi-family continues to be a hot sector in New York City real estate seemingly capable
Deals & Dealmakers
Housing czar turns to real estate biz to help rebuild NYCHA
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VICKI BEEN Deputy Mayor for Housing and Economic Development Vicki Been is asking for the real estate industry’s help to bring NYCHA housing out of its
Deals & Dealmakers
Landlords warn warehousing could be the new normal
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Landlords are warning warehousing apartments could become the new normal. The news comes as the city confirmed it is investigating reports that Stuyvesant