Deals & Dealmakers
SELLING POINTS: GFI sale sets Hamilton Heights record; Gramercy building for sale
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  ●GFI Realty services Harlem sale breaks record GFI Realty Services, Inc. announced the record-breaking $12.3 million sale of 605 West 141st Street
Construction & Design
Private developers best city in NYCHA management
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A pilot project to give private companies a hand in putting right the city’s crumbling housing stock has been hailed as an overwhelming success.
Deals & Dealmakers
WP Carey strikes net lease deal with storage giant Extra Space
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The deal will give Extra Space five more locations in NYC W. P. Carey and Extra Space Storage have entered into net lease agreements for 36 self-storage
Deals & Dealmakers
NGKF tapped to lease landmarked Pencil Factory in Greenpoint
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Newmark Grubb Knight Frank has been named exclusive leasing agent for the landmarked Pencil Factory at 74 Kent Street, a 37,745 s/f fully renovated retail/office
Residential
NEW DEVELOPMENT: ARO joins Midtown West market, Leasing live for Bryant Park’s ML House
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● ALGIN MANAGEMENT ARO makes its big entrance to market Leasing has begun at ARO, a new 62-story, 426-unit luxury rental tower developed by Algin Management
Deals & Dealmakers
Chetrit backtracks on Sony condo plan, sells to office venture for $1.45B
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THE SONY BUILDING The Chetrit Group has reversed its plan to turn the Sony Building at 550 Madison into uber luxury condos and instead sold the property for $1.
Deals & Dealmakers
Investment firm Cyrus Capital Partners takes 23,000 s/f at Park Avenue Tower
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Equity Office has signed a new lease with investment advisory firm Cyrus Capital Partners L.P. to move its headquarters to 23,356 s/fat Park Avenue Tower
Debt & Equity
CPC closes on $100M New York portfolio loan
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The Community Preservation Corporation (CPC) announced the closing of a $100 million portfolio under the Freddie Mac Small Balance Loan (SBL) product.
Deals & Dealmakers
Fidelity signs sublease at 1 New York Plaza
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Fidelity Information Services has signed a lease for approximately 35,000 s/f of office space at 1 New York Plaza in a sublease brokered by Colliers International.
Retail
Durst LOL as Kids move into Front St.
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Lee & Associates NYC associate director JP Sutro has arranged a 10-year lease for luxury children’s clothing store L.O.L Kids at 216 Front Street
Banking and Finance
Experts warn that tax program wonʼt magically make a bad deal good
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L-R: James Nelson, Principal and Head of Tri-State Investment Sales, Avison Young; Louis Tuchman, Partner; Member, Executive Committee and Chair, Tax Department
Photo Gallery
MGNY turns DUMBO into Gotham for 10th anniversary
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MGNY Consulting, a full-service real estate tax management and compliance firm, held a super hero-themed 10th anniversary celebration with Gotham personalities —