JEMB Realty refinances Herald Towers for $250m with M&T Bank

JEMB Realty has refinanced Herald Towers, the trio of 25-story towers at 50 West 34th St. for $250 million, according to Joseph Jerome, principal of JEMB Realty. Peter D'Arcy, group manager of the Structured Real Estate Finance Group at M&T Bank-NYC arranged the 3-year short-term financing. Built in 1913 as a hotel and long known as the McAlpin House, this historic property was acquired by JEMB Realty in 1999 for $150 million (in a transaction also financed by M&T Bank). Through hands-on asset management, a multi-million dollar capital improvement program and contributions to the Herald Sq. neighborhood's renaissance, JEMB has transformed Herald Towers into one of the area's most impressive residential rental properties.

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Investment Property Realty Group closes $1.75 million sale of 1094 Hancock Street in Brooklyn

Brooklyn, NY Investment Property Realty Group (IPRG), a New York-based commercial investment firm, has closed the sale of 1094 Hancock St., a mixed-use building in the Bushwick section, for $1.75 million.

Chef Driven Hospitality and AI technology company Fuel Cycle complete leasing deals at GFP Real Estate’s 630 Ninth Ave.

Chef Driven Hospitality and Fuel Cycle sign leasing deals at GFP’s 630 Ninth Ave.

New REBNY analysis finds NYC Class B office visitation stabilizing

Bestreich, Reynolds, Davila, and Flaherty of Investment Property Realty Group close $1.97 million sale of 343A Tompkins Ave. in Bed-Stuy

IPRG closes $1.97m sale of 343A Tompkins Ave.

Investment Property Realty Group closes the sale of 321 Grand St. for $2.95 million

IPRG closes the sale of 321 Grand St. for $2.95m

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