Fried Frank acted as counsel to JV for financing and redevelopment of 25 Water St.

Fried Frank acted as counsel to GFP Real Estate and Metro Loft Management in connection with a joint venture with Rockwood Capital and represented the venture in connection with the financing and redevelopment of 25 Water St. The partners plan to convert the 22-story, 1.1 million s/f office building into an approximately 1,300-unit luxury residential rental tower. The $535.8 million loan, which was made to the group by lenders including Apollo Commercial Real Estate Finance and MSD Partners, is the largest in U.S. history for office-to-residential conversions.

The Fried Frank team was led by real estate partner Jonathan Mechanic and included real estate partners Suzanne deVries Decker, David Karnovsky and Cyril Touchard; corporate real estate partner Steven Rudgayzer; tax partner Rick Wolfe; real estate associates Kaitlin Gottlieb, Elizabeth Lee, Loren Naftali and Julia Rozenblat; corporate real estate associates Matthew Aldana, Leenor Gold and Elliot Samuels.

Tags: Brokerage

Reprint

Previous Story Next Story

Horizon Kinetics relocates new headquarters to Tishman Speyer’s Rockefeller Center

Manhattan, NY According to Tishman Speyer investment boutique Horizon Kinetics Asset Management LLC will relocate its current New York office to 18,713 s/f on the 27^th floor of 1270 Avenue of the Americas at

JLL Capital Markets facilitates $30.75 million sale of 1 North Main St. to KABR Group

JLL facilitates $30.75m sale of 1 North Main St. to KABR

Hanna Commercial Real Estate brokers Agri-Plastics 64,000 s/f manufacturing facility lease at Uniland’s 2 Steelworkers Way

Hanna Comm'l. brokers Agri-Plastics 64,000 s/f lease at Uniland’s 2 Steelworkers Way

Delisle and Monahan of Island Associates lease 45,000 s/f to Giunta’s Meat Farms at Strathmore Commons

Island Associates leases 45,000 s/f to Giunta’s Meat Farms

Delisle and Monahan of Island Associates broker 1,110 s/f lease extension for Kings Insurance

Island Associates brokers 1,110 s/f lease extension for Kings Insurance

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Construction Design & Engineering

Starhill Phase I reaches completion; $189m housing dev. led by S:US and NY Homes and Comm. Renewal

Columns and Thought Leadership

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account