News Outside the Region: Moinian Group closes $119.75 million refinance; loan by Bank of China

Los Angeles, CA The Moinian Group closed a $119.75 million refinance for 550 South Hill St., also known as the International Jewelry Center. Bank of China provided the five-year loan, interest only throughout the term. The new loan, 60% LTV, refinanced an existing $116.8 million CMBS loan.

The International Jewelry Center, located at 550 South Hill St. in the Jewelry District, has an assortment of over 350 retail and wholesale jewelry experiences all in one location. Today, the building’s leases are held by 405 tenants–predominantly jewelry manufacturers, wholesalers, retailers and couriers.

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Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn

Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.

Investment Property Realty Group’s Team Friedman brokers seven Bronx closings totaling $12.07 million

IPRG’s Team Friedman brokers 7 Bronx closings totaling $12.07m

Highcap Group sells Astoria 17 unit elevatored apartment building

OPEN Impact R.E. helps Coney Island Prep. secure 39-year leasehold condominium for new 45,190 s/f high school

OPEN Impact helps Coney Island Prep. secure leasehold condo. for new high school

New York restaurant group acquires Upper West Side retail co-op for $4.135 million in deal arranged by Lee & Associates NYC

N.Y. restaurant group acquires Upper West Side retail co-op for $4.135m in deal arranged by Lee & Associates NYC

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Silver Arch Capital Partners provides $5.66 million loan for mixed-use multifamily development

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