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Midtown campaign kicks off with two deals
06
Following the acquisition of 142 West 36th Street and 234 West 39th Street this past summer, ownership has kicked-off a capital improvements and repositioning
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DONE DEALS: Big catch in Rye
06
Douglas Elliman Real Estate’s Nancy Strong and Stacey Oestreich have sold 408 Grace Church Street in Rye, NY, for $12.75 million. Celebrities, sport stars
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Eastern Consolidated arranges $27M for XIN’s Midtown site acquisition
06
Eastern Consolidated’s Capital Advisory Division has arranged a $27 million bridge loan on behalf of XIN Development International to finance the acquisition
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Lee & Associates renew Midtown West medics
05
Lee & associates NYC has negotiated a full-floor lease renewal for Therapath in Midtown West. DENNIS SOMECK Dennis Someck, Justin Myers and Aidan Velle
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Neighborhood Housing renews lease on West 36th
05
GFP Real Estate (GFP) announced that Neighborhood Housing signed a 10-year, 12,000 s/f lease renewal at 307 West 36th Street. The 220,000 s/f pre-war property
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Selling Points: Canarsie CubeSmart sells for $53M, Israeli company buys in Midtown West
05
● CBRE Summit, Grossman JV divest of turnaround star Four and a half years after purchasing the Lee Farm Corporate Park, a Class A office building on Interstate 84 for $16.
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Done Deals: This Week’s Residential Sales
05
JODI STASSE Above it All in Asbury Park: Corcoran Sunshine’s Jodi Stasse, who’s been representing iStar’s New Jersey development Asbury Ocean Club Surfside
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Bernstein gets passive aggressive as firm looks to the future
06
From his corner office on the 20th floor of 150 West 30th Street, Asher Bernstein has a clear view of the Hudson Yards worksite three blocks away.
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Empire Station Complex moves further towards reality
07
The plan to transform Penn Station and its neighborhood with a new station and 20 million square feet o few office, hotel and apartment space took a step
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Investcorp buys two New York REIT buildings in Midtown West for $156M
05
Bahrain-based asset manager Investcorp has bought two New York REIT office buildings as the company continues to liquidate its assets. Investcorpʼs U.
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Jumbo deals pushed Midtown leasing to two-decade high in 2017, more action expected in 2018
05
Manhattan’s office market weathered a sluggish start to close the year with the lowest vacancy rate in 18 months and the highest leasing rate Midtown has
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Midtown West, Long Island City, Brooklyn, FiDi headline NYC’s Amazon bids
05
New York City offered four resurgent districts in Manhattan, Brooklyn and Queens to Amazon as potential locations for its second headquarters.