Debt & Equity
ABS refinances 162 Fifth with $85M loan
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ABS Altman Warwick announced the closing of a permanent loan for the 12-story, newly-renovated office building at 162 Fifth Avenue. Sources say the loan
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SELLING POINTS: Riese selling Union Square development site; Cushman shopping 135-unit NJ apartment portfolio
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● AVISON YOUNG Union Square development site offered at $32M The Riese Organization is selling its former TGIF restaurant building in Union Square The
Debt & Equity
HFF arranges $15M construction financing for self storage facility
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Holliday Fenoglio Fowler arranged $15.65 million construction financing for the development of Hillside CubeSmart, a 1,203-unit, self storage facility
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Partners secure $55M for acquisition of Chelsea Collection
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HKS Real Estate Advisors secured a $55 million loan from M&T Bank for Dalan Management and Elion Partners for the purchase a block of eight apartment
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Insurance firms locking in early to hot NJ apartment market
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GS Wilcox has locked in rates on $128 million in permanent loans for multifamily properties throughout New Jersey. GRETCHEN WILCOX According to Gretchen
Debt & Equity
Flexible Fred makes sense for affordable housing investors
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Non-profit affordable housing finance company, Community Preservation Corporation (CPC), has closed $11 million in permanent mortgages deals to refinance
Construction & Design
Protestors sue to stop SJP supertall 200 Amsterdam
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Upper West Side neighbors have filed a lawsuit to stop SJP Properties’ building at 200 Amsterdam Avenue. The 668-feet tall project was given the go-ahead
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Affordable housing is an economic engine for New York
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When we think about affordable housing in New York, our priorities are of course centered on addressing the housing crisis and maximizing opportunities
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REBNY joins coalition against retail rent regulations
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The Real Estate Board of New York has joined a coalition battling a city proposal to introduce commercial rent regulation. The full city council is set
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Retailers get ready to roll out red carpet for holiday shoppers
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The holiday season is expected to bring a much-needed boost to a beleaguered retail sector. With underlying fundamentals of demand, high employment and
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New lease accounting standard could feed co-working beast
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A new accounting standard requiring companies to disclose long-term leases could shake up the real estate industry next year and serve as a boon for the
Retail
Cabo Wabo to open in old Theater District Wahlburger space
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Thor Equities has leased its 8,300 s/f retail property at 725 Eighth Avenue in the Theater District to Cabo Wabo Cantina. The five-level building (rendering