Deals & Dealmakers
Koreans pay $194M for 400 Madison Avenue
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ASB Real Estate Investments has sold 400 Madison Avenue to a Korean financial services firm for $194.5 million dollars. Daishin Securities, an investment
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One Vanderbilt rising fast in 2018
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One Vanderbilt, the skyscraper being built next to Grand Central Station, is ahead of its construction schedule after making significant progress in 2018.
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For Surecave CEO Louis Baugier, data is key to startup success
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Growing up, Louis Baugier was influenced by his father’s business, which was not real estate, per se, though it was certainly in dirt. Hs dad, Patrick
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CVS opening 13,000 s/f store at renovated One Soho Square
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Stellar Management signed a retail lease with CVS Pharmacy for a prime corner at One SoHo Square, its Class A office building on the border of SoHo and Hudson Square.
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Peopleʼs United Bank to open in new-look One Penn Plaza
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People’s United Bank, N.A. has signed a lease for a new retail branch to be located a Vornado Realty Trust’s PENN1 (formerly One Penn Plaza) which is currently
Residential
City signs off on $180M for LIC fix
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The mayor’s office has signed off on a $180 million spending plan in Long Island City that will be used to build schools, fix roads and improve the area’s sewer system.
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REBNY to honor Carol Kellermann for commitment to New York
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On January 17, 2019, at our 123rd Annual Banquet, we will be proud to present our friend Carol Kellermann with the John E. Zuccotti Public Service Award
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Square Mile makes $138M investment in LIC tower
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Square Mile Capital is making a $138.5 million equity investment in a co-living high rise in long Island City. ALTA, a 43-story, 467-unit property, with
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Apollo signs off on $187M construction finance for 799 Broadway
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NKF Capital Markets raised $187 million of construction financing from Apollo for Normandy Real Estate Partners and Columbia Property Trust’
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MRC antes up $28M bridge loan for 15 CPW condo
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Madison Realty Capital (MRC) has closed a $27.7 million first mortgage loan collateralized by a residential condominium unit located at 15 Central Park
Technology
Digital transformation continues as JLL acquires next genʼ software co.
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JLLannounced an agreement to acquire ValuD Consulting, a provider of IBM software integration and consulting services in the US and India.
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Natural History Museum stops construction as neighbors sue
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A Supreme Court judge has ordered the American Museum of Natural History to stop construction of its new science center expansion temporarily due to an