Deals & Dealmakers
SELLING POINTS: Gaia makes $52M condo buy; Hakimian fund buys Queens development site
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● GAIA REAL ESTATE GAIA continues buying in bulk GAIA Real Estate has acquired 90 condo units in a bulk sale for $52.5 million from the original sponsor
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Cushman & Wakefield hit with $30M race and gender discrimination suit
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A $30 million race and gender discrimination lawsuit was filed in the United States District Court for the District of Columbia against multi-billion dollar
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Citizens Banks antes up $52M construction financing for Waypoint Residential
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Cushman & Wakefield’s Equity, Debt, & Structured Finance (EDSF) group arranged approximately $52 million in construction financing for a ground-up
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SELLING POINTS: Stamford multifamily trades for $78M; Fordham portfolio hits market
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● CBRE Stamford mutlifamily trades for $78M CBRE announced the $78 million sale of Element One, a 183-unit residential property in Stamford, Conn.
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Industrial development to be recognized at ULI awards
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The Urban Land Institute New York (ULI NY) has launched the submission process for the 2019 ULI New York Awards for Excellence in Development.
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LEASES: Cushman & Wakefield bring two to 575 Fifth, WeWork takes Bryant Park space
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NEW YORK Cushman & Wakefield secured a lease at 575 Fifth Avenue on behalf of the landlord, Beacon Capital Partners & MetLife Investment Management.
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SELLING POINTS: Lightstone closes on $53M Bronx buy; Harbor Group sells 466-unit CT property
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●CUSHMAN &WAKEFIELD Lighstone closes on $53M Bronx buy David Lichtenstein’s Lightstone Group has closed on its $53 million purchase of a trio
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Celebrity fashion favorite Nili Lotan to open Tribeca showroom
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Cushman & Wakefield arranged a long term lease for Nili Lotan at 142 Duane Street in Tribeca. Nili Lotan will use the space for the brand’s showroom
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Savitt leads catwalk of luxury brands to 693 Fifth
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With international menswear designer Bugatchi Uomo and luxury brand Escada joining Valentino at 693 Fifth Avenue, the boutique office tower located in
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Cushman & Wakefield interns wrap up eight-week program
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Cushman & Wakefield’s 2018 Summer Interns are heading back to school after spending eight weeks in New York working with the firm. The 50 interns worked
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SELLING POINTS: Jersey City chemical plant gets new life
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● PROGRESS CAPITAL Developer planning rental community at defunct chemical plant A former chemical plant in Jersey City is to be redeveloped as a rental
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SELLING POINTS: Jersey City chemical plant gets new life
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