Front Section

Cravath takes 481,000 s/f at Brookfield's Two Manhattan West office tower

Manhattan, NY According to Brookfield Properties, Cravath, Swaine & Moore LLP will become the anchor tenant at Two Manhattan West, Brookfield’s next 58-story, 1.9-million s/f office tower, which is under construction on 31st St. and Ninth

Pembrook Capital Management provides $5.75 million preferred equity financing

Westbury, NY Pembrook Capital Management LLC has closed a $5.75 million preferred equity investment to recapitalize 1025 Old Country Rd., a 200,000 s/f office building and colocation/data center

Rudin Management Co. leases 8,200 s/f to La Prairie at 41 Madison Ave.

Manhattan, NY According to the Rudin Family, Swiss skincare brand La Prairie has finalized a 10-year lease at 41 Madison Ave. in the Flatiron District. The company will occupy 8,200 s/f on a portion of the 40th floor.

ORIX USA to expand multifamily banking business with acquisition of Hunt Real Estate Capital

New York, NY ORIX Corporation USA, the U.S. and Latin America business hub for Tokyo-based ORIX Corporation (ORIX), announced today that it has signed a definitive agreement to acquire Hunt Real Estate Capital, LLC, a subsidiary of Hunt Companies, Inc. The acquisition combines the financial strength of ORIX USA

Reynolds, Bestreich, Reynolds, and Davila of BRG facilitate $1.05 million sale

Brooklyn, NY Bestreich Realty Group (BRG) closed the sale of 264 Jefferson St. in the Bushwick neighborhood. This multifamily sold for $1.05 million, which equates to $245 per s/f. The building features six two-bedroom apartments totaling 4,290 s/f.

Tannor and Watson of Lee & Associates NYC negotiate 3,262 s/f lease to My Gym

Manhattan, NY Gregory Tannor, executive managing director/principal, and Michael Watson, associate irector, of Lee & Associates NYC have negotiated a ground-floor, 3,262 s/f lease at 207 West 79th St., between Broadway and Amsterdam Ave., for My Gym.

Executive of the Month: Michael Ferrara, managing principal at Brax Rlty., attributes success to experiences, social media

New York, NY The New York Real Estate Journal (NYREJ) sat down with Michael Ferrara, this month’s “Executive of the Month,” for a question and answer session. Ferrara is the managing principal of Brax Realty. Ferrara: I was born in Brooklyn, but moved out to…

Avison Young arranges $12.499 million sale of 13,966 s/f office condo; Kim of Zelnik & Co. reps buyer, DKCOS CORP.

Manhattan, NY The Tri-State Investment Sales group for Avison Young completed sale of a 13,966 s/f vacant office condominium for $12.499 million. James Nelson led the team along with associate director David Lawrence and associate Carter Lovejoy, to represent…

Sage Realty leases 362,197 s/f to WeWork
at 437 Madison Ave.

Manhattan, NY Sage Realty Corp., the leasing and management division of the William Kaufman Org. (WKO), finalized a long-term, 362,197 s/f lease with WeWork at 437 Madison Ave., a 40-story, 850,000 s/f office tower in the Plaza District. Sage Realty has leased a 12-floor block of…

Hubner of Corporate Commercial Realty and Kontakis of Century 21 AA Realty broker $2.3 million sale

West Babylon, NY Anvil Ironworks a manufacturer and installer of custom made metal products serving the New York metropolitan area has purchased a 13,600 s/f building at 120 Otis St. for $2.3 million.