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affinia-manhattan-hotel

Chetrit JV makes $217M hotel play

Patriarch Equities, Sioni Group, and Highgate have purchased the 618-room Affinia Manhattan NYC hotel through a joint venture. Highgate has also assumed management of the property as part of the transaction. Pebblebrook Hotel Trust announced that...

The under construction towers at 626 First Avenue

JDS secures $660M for ‘ultra luxury rentalʼ

JDS Development Group has landed a $660 million financing deal for its double-tower American Copper Buildings in Kips Bay. JLL’s Capital Markets team secured the financing for the ultra-luxury rental buildings at 626 First Avenue. AIG provided a...

Rendering of Building 77 at the Brooklyn Navy Yard

Navy Yard powers into New Year

The Brooklyn Navy Yard has just closed $62 million in loans to refinance its debt through the EB-5 program. The loans came in two separate transactions. Sterling National Bank provided a 15-year, $30.75 million loan. Meanwhile, Symetra Life...

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