Brooklyn, NY The Hudson Companies closed on $135 million in financing for a mixed-use project that will transform the site of a former Associated Supermarket with a large surface parking lot into housing, a brand-new space for the supermarket, a community facility,
Manhattan, NY Fisher Brothers revealed that over 60,000 s/f of leasing activity took place at 299 Park Ave. Becker, Glynn, Muffly, Chassin & Hosinski LLP, a full-service law firm, renewed its 6,300 s/f lease as a direct tenant. Investment company and current occupant of Fisher Brothers’
What do you do now and what are you planning for the future? Property and casualty insurance broker, I plan on doing this for a long time! One fun fact about you is: When I was younger, I did some work as a background actor on TV shows
Manhattan, NY The Durst Organization said that Clune Construction is moving the general contractor’s New York City headquarters to 655 Third Ave., taking the entire 10
th floor. 655 Third Ave. has seen leasing momentum over the past year.
Manhattan, NY Williams Equities has completed a $155 million CMBS loan for the group’s 28-40 West 23
rd St. property. Citi Real Estate Funding Inc. is the lender on the five-year loan.
White Plains, NY KeyPoint Partners (KPP) negotiated a new lease for its expanding cinema client Apple Cinemas for a location at City Center. Apple Cinemas will replace the former Showcase Cinema Deluxe. Vice president of retail brokerage Don Mace
Manhattan, NY SL Green Realty Corp. made known three new tenants have signed leases covering 104,110 s/f at One Madison Ave. The 1.4 million s/f, new office tower located in the Midtown South submarket is now 63.6% leased with the lease up of all tower
Manhattan, NY Delancey Street Associates, a joint venture of Taconic Partners, L+M Development Partners, BFC Partners, the Prusik Group, and the Urban Investment Group within Goldman Sachs Asset Management
Manhattan, NY Convene has signed the entire 22,519 s/f level six floorplate of 360 Madison Ave., growing to 68,000 s/f across the fourth, fifth, and sixth floors.
For landlords, the playbook had long been simple and lucrative: buy run-down buildings that are, in New York lingo, rent-stabilized, fix them up, pass along the expense to tenants by raising rents (allowed under the regulations), cash out, and repeat.
