Deals & Dealmakers
SELLING POINTS: LIC hotel sold for $60M, Former Lucky Cheng’s spot goes for $12M
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● LIGHTSTONE $60M LIC hotel purchase Lightstone has purchased the Hilton Garden Inn on 41st Avenue for $60 million from a group headed by Sagamore Capital.
Construction & Design
Plaza Construction introduces gender neutral worksite signs
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Plaza Construction is replacing its men at work signs with new gender neutral signs. The move it part of a company-wide initiative to attract more women
Retail
Winick wins shopping trifecta
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7 East 14th Street TF Cornerstone has tapped Winick Realty Group to market a trio of properties around Manhattan. President Steven E. Baker will spearhead
Featured
New York’s highest residential roofdeck unveiled at Hudson yards
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The party room Hudson Yards today unveiled a new suite of amenities on the Skytop level of Fifteen Hudson Yards. Located more than 900 feet in the air
REBNY Watch
REBNY to Honor Chuck Schumer for Excellence in Public Service
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On January 18, 2018, at REBNY’s 122 nd Annual Banquet at the New York Hilton Midtown, we will honor United States Senator Chuck Schumer with the prestigious John E.
Debt & Equity
TRANSACTIONS: MMCC arranges refi’ for Upper West Side apartment building
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Marcus & Millichap Capital Corporation announced the following transactions: • A $1,230,000 refinance was arranged for a 3,096 square foot property
Deals & Dealmakers
Pinnacle Group buys 112-unit Rego Park resi building for $31.5M
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97-25 64th Avenue. Photo via Google Street View. Pinnacle Group has acquired a 112-unit rental building in Rego Park, Queens for $31.5 million, according
Debt & Equity
W&D locks in $94M loan to preserve Hells Kitchen homes
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Walker & Dunlop, Inc. structured a $93,925,200 loan with the US Department for Housing and Urban Development (HUD) for Polyclinic Apartments in Hells Kitchen.
Construction & Design
Contractors urge Congress to back plan for temporary worker visa program
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The nation’s contractors are urging Congress to back a plan to create a temporary worker visa that could help ease a skilled tradesmen shortage.
uncategorized
NEW DEVELOPMENT: Queens rental hits the market, Full floor residences in the Village
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● L+M DEVELOPMENT Sales get underway at 25 Park Row Sales are underway at 25 Park Row, the new luxury high-rise facing City Hall Park. Developed by L+M
Views
Invest in the midwest
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ERIC ANTON By Eric M. Anton, associate broker, Marcus & Millichap No, this is not an effort to convince investors to buy apartment buildings in Columbus
Deals & Dealmakers
Canal Street primed for retail transformation
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By Al Barbarino Photo: urban75 Canal Street has become synonymous with the sale of cheap, knockoff goods, jewelry and electronics. The street bustles with