Manhattan, NY SL Green Realty Corp. has signed a new 12-year, 54,250 s/f lease with Hartree Partners covering the entire 24
th and 25
th floors at 1185 Ave. of the Americas. “We’re excited that Hartree Partners has elected to locate its headquarters at 1185 Ave. of the Americas,” said Steven Durels,
Manhattan, NY Beau Williams and Drew Gilligan of Cronheim Hotel Capital (CHC) have secured a $40 million permanent loan on behalf of the Lam Group to refinance the existing debt and capitalize a modernization refresh on the 158-room Chelsean New York Hotel.
Manhattan, NY BHI, the U.S branch of Bank Hapoalim, B.M. will serve as the senior lender for a $99 million construction loan to renovate the 17-story office building at 95 Madison Ave., also known as The Emmett Building, for residential use. Under the terms,
Manhattan, NY S3 Capital originated a $79 million construction loan for the acquisition and development of a premier 28-story, mixed-use rental building at 250 W 49
th St., located at the corner of 8
th Ave. and 49
th St. in Midtown West. This marks S3’s fourth $50 million+ loan originated
Manhattan, NY Marx Realty shared that telemedicine giant Teladoc Health has expanded and extended its lease at 10 Grand Central. The firm will more than double its footprint at the repositioned office tower taking a total of 15,000 s/f in a 10-year deal as it
Manhattan, NY Adelaide Polsinelli, vice chairman, and Trystan Polsinelli, senior executive director of Compass Commercial, negotiated the sale of a 16,000 s/f retail condo with 160 ft. of wraparound frontage located at 350 6
th Ave., also known as 88 Washington Place, on the northeast corner of Sixth
Manhattan, NY Arrow Real Estate Advisors arranged $42.9 million in financing to refinance a multifamily property. The financing was provided by a balance sheet lender and was negotiated by managing partner, Morris Betesh, and senior vice president, Alex Bailkin, of Arrow Real
Yonkers, NY The Roebling Group brokered a 10-year lease of 25,000 s/f at 16 Harrison Ave. to Patina Rentals. Relocating from the Brooklyn Navy Yard, Patina Rentals selected this site for its affordability and proximity to New York City.
Bronx, NY Merchants Capital provided $129.1 million in financing for the New York City Housing Authority (NYCHA) $419.6 million renovation of Boston Road Plaza, Boston Secor, and Middletown Plaza (BBM). The renovations will span three housing developments and
Navigating the real estate scene continues to be no small feat for NYC multifamily landlords. The increasing costs from additional regulations, high interest rates and higher operating expenses continue to tighten the bottom line. When it comes to selling, the market demands nothing short of exceptional property management
