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Signature Bank sponsors FHLBNY 2019 AHP grant application for CHDC
December 17, 2019
Manhattan, NY According to Signature Bank, it sponsored a Federal Home Loan Bank of New York (FHLBNY) grant application under the Affordable Housing Program, on behalf of Clinton Housing Development Co. (CHDC).
SquareFoot raises $16 million in Series B funding
December 17, 2019
New York, NY SquareFoot unveiled a $16 million Series B funding round led by DRW Venture Capital (DRW VC). Existing investors, including Triangle Peak Partners, RRE, Rosecliff, and senior real estate executives, also joined the round.
GCP Capital Group arranges nine mortgages totaling $108.625 million
December 17, 2019
Manhattan, NY GCP Capital Group LLC has arranged mortgage financing totaling $108.625 million for the following properties: $25 million for a five-story multifamily apartment building containing 80 units and two stores, located in Long Island City.
Thor Equities refinances 267,226 s/f property; $92.2 million financing provided by MetLife
December 17, 2019
Brooklyn, NY Thor Equities Group has refinanced 180 Livingston St. for $92.2 million, according to company executives. Acquired by Thor Equities in 2015, 180 Livingston St. features 267,226 s/f of office and retail space. Nearly 100% occupied,
Hunt Real Estate Capital provides a $5.2 million Freddie Mac loan
December 17, 2019
Bronx, NY Hunt Real Estate Capital provided a $5.2 million Freddie Mac Small Balance Loan to refinance a multifamily property located at 295 East 149th St. The property is a six-story walk-up,
Eastdil Secured arranges $1.25 billion refinance for Paramount Group
December 17, 2019
Manhattan, NY Paramount Group, Inc. as completed a $1.25 billion refinancing of 1633 Broadway, a 2.5 million s/f office building located on Broadway between 50th and 51st Sts. The new 10-year interest-only loan has
L&L Holding Co. completes $275 million recapitalization of 195 Broadway, renovated office and retail...
December 17, 2019
Manhattan, NY According to L&L Holding Co., it has completed a two-step recapitalization of 195 Broadway, a historic and renovated office and retail building. In the first part of the transaction,
Cotsalas and Delitsky of NorthMarq secure $17 million permanent financing
December 17, 2019
Queens, NY Charles Cotsalas, senior vice president/senior director of NorthMarq’s Long Island office and Robert Delitsky, senior vice president/managing director of NorthMarq’s New York City office collaborated to arrange a $17 million
Roundell and Toomey of Cresa bring ZEFR to 10 Grand Central; JLL acts on behalf of landlord, Marx Re...
December 17, 2019
Manhattan, NY Cresa’s Jane Roundell, managing principal, New York office, and Los Angeles-based David Toomey, principal, have arranged an 11-year lease for contextual targeting technology firm ZEFR at 10 Grand Central, aka 155 East
GZA celebrates 20th anniversary of its New York City office
December 17, 2019
Manhattan, NY GZA GeoEnvironmental, Inc. (GZA), celebrated the 20th anniversary of the firm’s opening its NYC office. Over the past two decades, GZA professionals based in have supported some of the highest-profile infrastructure
Marks, Lebor and Allen of TerraCRG sell 11,822 s/f industrial site in Brooklyn for $5.75 million
December 17, 2019
Brooklyn, NY TerraCRG has completed the sale of an industrial building at 250 Green St. in the Greenpoint neighborhood. Dan Marks, Daniel Lebor and Garrett Allen have closed the deal at $5.75 million.
Newmark Knight Frank negotiates $44 million acquisition loan for Arden Group
December 17, 2019
Manhattan, NY On behalf of Arden Group, Newmark Knight Frank has arranged a $44 million floating-rate loan for the acquisition of 4650 Broadway, a development site located in the Inwood neighborhood. Newmark Knight Frank vice chairmen and
Related Cos., Cushman & Wakefield bring Facebook to Hudson Yards: 1.522 million s/f
December 17, 2019
Manhattan, NY Hudson Yards completed a lease with Facebook for 1.522 million s/f of office space across 30 floors and three buildings. 30 Hudson Yards was developed by Related Cos. and Oxford
Knighthead Funding places $19.1 million loan
December 17, 2019
Bronx, NY Knighthead Funding LLC has provided an investor group with a $19.1 million senior loan to refinance a portfolio of 156 unsold co-op apartments in Riverdale. The units, which were acquired by the
SL Green signs two leases totaling 58,699 s/f
December 17, 2019
Manhattan, NY SL Green Realty Corp. has signed two leases at 485 Lexington Ave. Crowe LLP, an accounting and technology consulting firm, signed a 10-year, 44,493 s/f lease for the 11th floor. Tailwind Management, a business
Meridian Properties acquires Brooklyn multifamily; Bestreich of Bestreich Realty was the sole broker...
December 17, 2019
Brooklyn, NY Meridian Properties, LLC has acquired a multifamily property located at 242-244 Hawthorne St. in Prospect Lefferts Garden area for $6.1 million, with a 6.5% cap rate. Both parties were represented
B6 Real Estate Advisors sells 6,200 s/f in Williamsburg for $20 million
December 17, 2019
Brooklyn, NY B6 Real Estate Advisors has closed on the sale of 166 Berry St. in the Williamsburg neighborhood for $20 million. The sale of this 6,200 s/f building in this growing retail corridor at a price of $3,226 per s/f represents
P.W. Grosser promotes Phillips and Usefof; hires Johnson, Livore and Ausili
December 17, 2019
Bohemia, NY To meet increasing demand for its services, P.W. Grosser Consulting, Inc. (PWGC) has hired Sam Johnson, Justin Livore and Rosemarie Ausili.
MDA and MADGI lead efforts to reposition Wall St. properties
December 17, 2019
New York, NY Although the Wall Street area’s commercial real estate has been changing its tenant base away from the financial industry since the 1990s, the repositioning of older properties has picked up pace in the recent years.
Thornton Tomasetti shares Comprehensive Embodied Carbon Measurement Study
December 17, 2019
New York, NY Thornton Tomasetti has released results from its multi-year, project-based embodied carbon measurement study, identifying the type of structures, materials and components with the highest carbon emissions.