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Swartz sticks his neck out for Giraffe
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HKS Capital Partners negotiated a $39 million CMBS loan from CCRE for the refinance of the 72 room Flatiron boutique Giraffe Hotel on Park Ave South.
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LIHC lands $51M loan
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Rockport Mortgage Corporation FHA Section 223(f) refinancing loans for Verona Senior Citizens Apartments in Verona ($24 million), and Mansion Apartments
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Ross, Wilpon, Katz putting Queens on the map
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Willets Point, a joint-venture of Related Companies and Sterling Equities, will transform a long contaminated area into five million square feet of new
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Related gets into fulfillment business with purchase of delivery upstart
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Rags-to-riches mega-developer Stephen Ross is taking on Amazon. The one-time tax attorney turned billionaire builder announced this morning that his Related
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Have you heard: Star-studded St. Jude Ball, Adrienne Albert re-elected to board of IRM
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Adrienne Albert, founder and CEO of The Marketing Directors, has been re-elected to The Institute of Residential Marketing’s (IRM) board of governors for
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Report: Landlords prepare to dig in and wait for 2013 uptick
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While overall lease deal volume for the city is now on par with previous years, most other indicators at midyear 2012 point to a flat market, according
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AvalonBay buys Bible Society building for $300M
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Cushman & Wakefield announced that it advised American Bible Society (ABS) on the sale of its headquarters building at 1865 Broadway for $300 million
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Publishing giant inks 3 Park expansion to 100,000 s/f
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Publishing giant Houghton Mifflin Harcourt is enjoying a growth spurt at 3 Park Avenue, even though it hasn’t as yet moved into Charles S.
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Hong Kong leads rise in global retail rents
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Hong Kong is by far the world’s most expensive city for global retailers, but prime rents in New York, London, Tokyo and Zurich are on the rise, according
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Building Congress paying MTA payroll tax despite being exempt
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For the third consecutive year, the New York Building Congress is voluntarily paying the Metropolitan Transportation Authority Payroll Mobility Tax (PMT)
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JLL to take on laid off WeWorkers
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Embattled WeWork is scrambling to find thousands of laid off workers jobs with some of the city’s biggest real estate companies. JLL said in a statement
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$139M SRO is ‘a family jewel’
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By Sarah Trefethen A renovated SRO building on the Upper West Side has sold for more than twice its last sale price, recorded in 2007. Acuity Capital Partners