News:
Brokerage
Posted: June 6, 2017
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.
Tags:
Brokerage
MORE FROM Brokerage
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.
Quick Hits
 (2).gif)
Columns and Thought Leadership
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.
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
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
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
.gif)