Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, sold 35 Pineapple St., an architecturally distinguished, free market, mixed-use corner elevator building in Brooklyn Heights for $15 million.Manhattan, NY
Holliday Fenoglio Fowler, L.P. (HFF) and Hidrock Properties has closed on the $32 million refinancing for 35 West 36th St., a 12-story, 77,880 s/f office building in the Garment District. HFF placed the three-year, floating-rate loanBrooklyn, NY
According to John Horowitz, first vice president - regional manager of the Marcus & Millichap’s Brooklyn office, the firm has arranged two sales totaling $3.48 million. The deals include the following: The $2.5 million sale of 151 Quincy St.Manhattan, NY
JLL Capital Markets experts have completed a $66.7 million loan to finance the construction of 141 East Houston St., a class A, 63,000 s/f office building. The group worked on behalf of East End Capital and K Property Group LLC
Cushman & Wakefield has arranged the sale of four properties totaling $6.535 million. A team led by senior managing director Stephen Preuss represented the sellers in all marketing efforts.Manhattan, NY
According to Fosun Hive Holdings, SCOR, an independent, global reinsurance company, has leased 75,000 s/f on the 53rd and 54th floors of 28 Liberty St., a landmarked office tower. The Paris-based global reinsurance company is relocating its NYC headquarters from 199 Water St. Manhattan, NY
According to Kent Swig, president of Helmsley Spear, LLC, the firm has brokered a second lease extension for China Ting Fashion Group (USA) LLC in the Garment District totaling 6,824 s/f at 525 Seventh Ave. Manhattan, NY
A joint venture between SL Green Realty Corp. and an institutional investment partner, entered into an agreement to sell 521 Fifth Ave. to Savanna, a New York City based real estate investment manager, owner/operator, and developer.
According to EQ Office, SMCP Brands signed a new 17,337 s/f lease at 44 Wall St., its 24-story modernized office tower in the Financial District. Under the 10-year lease, the company will move its North American...
To complete a valid and successful 1031 exchange, investors acquiring taxpayer-owned properties need the services of a qualified intermediary (QI), also known as an “exchange facilitator.” During a 1031 exchange, the individual obtaining an investment or business