Manhattan, NY Fried Frank advised the borrower in connection with Madison Realty Capital’s $720 million loan origination to finance a joint-venture between Metro Loft Developers and David Werner Real Estate Investments for the development and conversion of the former Pfizer headquarters, located
Brooklyn, NY Conway Property Advisors negotiated the sale of 272 Driggs Ave., a mixed-use property located in Greenpoint,. The asset, which sold for $3 million in an all-cash transaction, consists of four residential apartments above a ground-floor retail space.
Manhattan, NY KM Associates of New York has appointed construction industry veteran Roz Espinosa as director of major projects. Espinosa brings 30 years of experience in construction project management and expertise with NYC Department of Buildings approvals to the role.
Getzville, NY Ned Perlman, vice president of upstate originations at Largo Real Estate Advisors, Inc. closed a $41.79 million multi-family construction loan. The proposed facility will feature 246 units, with a mix of studio, one-, two-, and three-bedroom units, as well as a variety of community amenities.
Brooklyn, NY About 900 building owners, service providers, registered design professionals, and city representatives came together for “LL97 Compliance: Service Provider Expo” at the Brooklyn Navy Yard to pave the way forward on implementing the carbon emissions law.
Manhattan, NY The Feil Organization signed a 10-year lease renewal with Sotheby’s Institute of Art, which is based at 570 Lexington Ave. with 19,436 s/f space across the entire sixth floor. Sotheby’s Institute of Art is part of BrandEd, the leading provider of industry-immersive education.
Manhattan, NY JLL has leased 42,643 s/f of new office space in a trio of deals at 107 Greenwich St., bringing the Financial District property to 95% occupancy. In the largest transaction, flexible workplace provider Industrious leased 24,534 s/f across the entire 13th and 14th floors, signing a long-term agreement with owner Trinity Church.
Yonkers, NY Lee & Associates NYC and Extell Development Company said that childcare and early education franchise The Learning Experience (TLE) has signed a lease at Extell’s new waterfront development, Hudson Piers.
Manhattan, NY RFR signed two new tenants at 477 Madison Ave., a 24-story office tower in Midtown. The two financial services firms will move into built-to-suit office space at the renovated building with Treville Capital Group taking 18,412 s/f and Fiera Capital taking nearly a full floor. The new deal activity follows
Manhattan, NY GFP Real Estate, LLC negotiated three leases totaling 5,727 s/f at 230 Fifth Ave., also known as The New York MarketCenter Building. GFP principal Jane Gural-Senders and leasing director Harvey Richer represented the landlord, GFP R.E. — and the tenants — in each of the direct lease transactions.
Manhattan, NY According to BXP, four restaurants are opening at The Hugh, a food hall in Midtown operated by BXP. The concepts – Ö Bar, Lacoce, STRETCH Pizza, and Petite Maman – join a range of food and beverage offerings.
Brooklyn, NY Cresa managing principal Bert Rosenblatt, managing principal Peter Sabesan, and vice president Alex Gerome have arranged a renewal lease for Elderserve Health, Inc., d/b/a RiverSpring Health Plans, a New York State non-profit organization, at 1630 East 15th St. in Midwood.