JBA Equities closes $135 million financing package for Mondrian Park Ave. Hotel in Manhattan

Manhattan, NY According to Jonathan Aghravi of JBA Equities, his team has secured a $135 million financing package for the Mondrian Park Ave. hotel located at 444 Park Ave. South. Aghravi and his team consisting of Charles Han and Eli Terry, along with Tal Bar-or of Lantern Real Estate, represented

Safehold Inc. closes acquisition of existing ground lease at 425 Park Ave. for $620 million

Manhattan, NY Safehold Inc. has closed on the acquisition of the existing ground lease at 425 Park Ave. for $620 million. In connection with this transaction, the company entered into a joint venture agreement with a sovereign wealth fund in

The Wizard of OZ (that’s “Opportunity Zones”): Kowalski on What’s Next From Treasury, Part 2 of 2 by Flanigan

New York City, Connect Opportunity Zone Conference, Harvard Club, October 22^nd, continued: As December 31^st (a mini-“D-Day”) approaches for the OZ program (very “mini” in the opinion of many), and the U.S. Treasury Department works on the

Zar Property NY completes five leases at 250 West 54th St.: 18,750 s/f

Manhattan, NY Zar Property NY has completed five leases totaling 18,750 at 250 West 54^th St. Black Iron Burger signed a 15 year lease for a 3,600 s/f retail space. This will be the burger chain’s 5^th NYC location. Albert Manopla and Carolina Aziz of Kassin Sabbagh Realty

Spacesmith elevates Wong and Anaya

New York, NY Spacesmith has promoted William Wong, AIA, LEED AP, to principal and Olga Cervantes Anaya, AIA to associate.

Construction begins on $100 million East Midtown Greenway project

Manhattan, NY Mayor Bill de Blasio, deputy mayor for housing and economic development Vicki Been, NYC EDC president and CEO James Patchett, NYC parks commissioner Mitchell Silver, and NYC Department of Transportation (DOT) commissioner

Public Relations: TV maintains its power in real estate PR - by Harry Zlokower

As media options spread in the digital era, the inclination of some real estate players is to de-emphasize the earned media many of us were raised on, newspapers, magazines, radio, and that once mainstay of our living rooms, television.

Nassau County IDA gives preliminary approval of incentives for proposed project in Farmingdale

Farmingdale, NY According to Nassau County Industrial Development Agency (IDA) chairman Richard Kessel, the agency has given preliminary approval to a package of economic incentives for a proposed affordable housing complex.

Houlihan-Parnes Realtors place $4.5 million for 55,264 s/f office property in Armonk

Armonk, NY Christie Houlihan, Bryan Houlihan, James Houlihan, and Andy Greenspan of Houlihan-Parnes Realtors, LLC placed $4.5 million in acquisition financing on the 55,264 s/f office building located at 28 Kaysal Court.

Tishman Speyer leases 320,000 s/f Dentsu Aegis at Morgan North redevelopment

Manhattan, NY Tishman Speyer has reached an agreement with Dentsu Aegis Network to lease 320,000 s/f at its Morgan North redevelopment at 341 Ninth Ave. in the West Chelsea district. Under the 15-year lease, Dentsu Aegis Network, a