New York City

Knighthead Funding places $19.1 million loan

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

Greystone closes $50 million bridge loan to refinance 75-unit House No. 94

Brooklyn, NY Greystone closed a $50 million bridge loan made to an affiliate of Hudson Companies, Inc. to refinance House No. 94, a new seven-story, 75-unit “80/20” mixed-income multifamily rental building located at 94 North

SL Green signs two leases totaling 58,699 s/f

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

Cole Schotz P.C. reps Cove Property Group in $724.2 million financing for Hudson Commons redevelopment

Manhattan, NY Cole Schotz P.C. represented Cove Property Group in connection with a $724.2 million financing for Hudson Commons, Cove’s 25-story, 698,000 s/f office redevelopment at 441 Ninth Ave. in the Hudson Yards submarket.

Federal Realty Investment Trust acquires Georgetowne Shopping Center for $83.7 million

Brooklyn, NY Federal Realty Investment Trust has acquired Georgetowne Shopping Center, a 147,000 s/f grocery-anchored neighborhood shopping center with surface parking on nine acres. The property is located in the borough’s Georgetown neighborhood.

O’Brien and Peters of M.C. O’Brien Inc. secure two leases

Brooklyn, NY According to M.C. O’Brien Inc., they have secured two long-term leases on two exclusive retail listings. The first transaction was for

Meridian Properties acquires Brooklyn multifamily; Bestreich of Bestreich Realty was the sole broker

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

Brookfield Properties and C3 to bring Citizens eatery to Manhattan West complex

Manhattan, NY Brookfield Properties and C3, a subsidiary of global lifestyle and hospitality company sbe, unveiled plans for a new culinary destination at Manhattan West, the eight-acre complex Brookfield is developing on the

New York’s changing department store landscape - by Joseph Aquino

Department stores come and go. When one goes out of business, it’s nothing unusual. But consider how many have gone out of business in New York City in just the past generation: Gimbels, B. Altman, Mays, E. J. Korvette, Alexanders, Abraham & Straus,

Shawmut Design and Construction unveil PUMA flagship with Design Republic

Manhattan, NY PUMA North America opened the doors to its first-ever U.S. flagship store. In collaboration with design firm Design Republic and construction management firm Shawmut Design and Construction, this project is