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 Queens, NY
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.
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. Manhattan, NY
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
After discovering my raccoon ravaged garbage pail this morning, it reminded me of another not so fun spring task on the horizon, the legally mandatory Real Property Income & Expense (RPIE). The RPIE is required every year because New York City employs...