Manhattan, NY According to Ariel Property Advisors, the company has been nominated for the Real Estate Board of New York's "Most Ingenious Deal Of The Year Award" for its role in the capitalization of the Taystee Building. Ariel is one of only six nominees for the award.
Ariel Property Advisors advised the sponsor on securing the common equity component for the development of a 350,000 rentable s/f class A life science development in West Harlem’s Manhattanville Factory District. The total capitalization of the development is estimated to be between $325 million to $350 million.
REBNY will announce award winners at its Annual Sales Brokers Cocktail Party at Club 101 on April 9th.