News: Brokerage

Cushman & Wakefield broker $115m mortgage sale to Global Holdings

Adam Spies

 

Dan O’Brien

 

Manhattan, NY Cushman & Wakefield has arranged the $115 million sale of the mortgage on the Mondrian Park Ave., a luxury 190-room hotel.

Adam Spies and Dan O’Brien of Cushman & Wakefield represented Moin Development. Global Holdings, an owner of over 10 million s/f, comprising over 100 properties and 2,500 hotel rooms, acquired the loan.

Located at 444 Park Ave. South in the NoMad neighborhood, the hotel neighbors Madison Square Park and the Flatiron District and is near New York landmarks such as the Empire State Building, Macy’s Herald Square, and Madison Square Garden, among others.

MORE FROM Brokerage

Sobel of RIPCO Real Estate signs Redefine Meals as newest tenant at New Hyde Park Place

New Hyde Park, NY New Hyde Park Place, the rebranded commercial property at 271-02 Union Tpke.on the Nassau/Queens border, has signed new tenant Redefine Meals, the Long Island-based prepared-meal company, for a new 1,000 s/f location, starting on September
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing