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Fascitelli to step down as CEO of Vornado
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Michael Fascitelli By Holly Dutton Vornado Realty Trust CEO Michael Fascitelli announced he is resigning from his position nearly four years after being
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SL Green, Vornado class acts in BOMA performance program
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The Building Owners and Managers Association (BOMA) International announced that it has conferred the BOMA 360 Performance Program designation upon a record
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Garment District adds 6,000 jobs in spite of manufacturing decline
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The Garment District is going the way of the Meatpacking District, as the industry that gave the neighborhood its name continues to decline, while other
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Serhant has designs on Brooklyn market
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Ryan Serhant and The Serhant Team, of Nest Seekers International, are set to open their new Brooklyn office today (September 7.) Located at 326 Tompkins
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Shorenstein closes on $350M loan for 1407 Broadway
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JLL Capital Markets arranged a $350 million loan to finance the leasehold position of 1407 Broadway, a 43-story, 1.1 million-square-foot office building.
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Arbor customizes $70M in loans for US multifamily sector
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Arbor Commercial Funding has recently funded 20 loans totaling $67,538,200 under a variety of product lines, including the Fannie Mae Delegated Underwriting &
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City takes 158,150 s/f at Savanna and Hornig’s 95 Evergreen Avenue in Bushwick
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The city’s Department of Citywide Administrative Services has signed a lease to fully occupy Savanna and Hornig Capital Partners’ 95 Evergreen Avenue in Bushwick.
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Meridian arranges $35M retail, office financing
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Meridian Capital Group negotiated $22.8 million in permanent and mezzanine financing for the purchase of Solomon Plaza, a retail and office property in Brooklyn, NY.
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LEASES
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NEW YORK Avison Young announced the completion of a 10-year, 9,310 s/f lease on behalf of Trolman, Glaser & Lichtman, P.C. at 747 Third Avenue.
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Deerwood arranges $160M loan for Gansevoort Hotel
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Gansevoort Park Avenue, Credit: Gansevoort Hotel Group By Al Barbarino Commercial mortgage brokerage and advisory firm Deerwood Real Estate Capital has
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Gov. Cuomo versus Mayor de Blasio as 421a expires
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By Christian Brazil Bautista Two of the state’s top Democrats are trading jabs over the 421-a tax program, showing cracks in the party agenda over the
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Onyx Equities signs 11,000 s/f call center deal
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Onyx Equities completed a long-term lease with BPA International, a provider of call center solutions. The company will occupy 11,330 s/f at 900 Stewart