Cape Advisors secures $52M loan for Tribeca condo project
Eastern Consolidated’s Capital Advisory Division has secured a $52 million loan to finance the construction of 65 West Broadway, a 23-unit luxury residential condominium with … Continued
Category : Blog
DONE DEALS: Roundup of the week in residential sales
Go big or go home was the mantra of Corcoran agents Kristina Ojdanic and Greg Kammerer when they broke a pricing record at The Savannah on West 89th Street. They sold a two bedroom, 2-bath duplex with a set-back terrace for $2.25 million, almost $570,000 more than the previous record in 2015. Ojdanic and Kammerer …
WELL embraces new community standards
Yhe International WELL Building Institute (IWBI) has opened registration for the WELL Community Standard pilot, a companion to the pioneering WELL Building Standard. Grounded in evidence-based research and developed through consultation with leading physicians, scientists and public health professionals, as well as city planners, engineers and architects, the WELL Community Standard is a district-scale rating …
JLL tapped to sell Bristol-Myers’ research and development campus in New Jersey
JLL has been retained by Bristol-Myers Squibb Co. to manage the sale of the company’s 1.14 million-square-foot research and development campus at 311 Pennington Rocky Hill Road in Hopewell Township, N.J. The 433-acre campus features 33 buildings, including chemistry, biology and biotechnology research and development facilities; a biological clinical supply manufacturing facility; warehouse space; an …
Aurora Capital lands $105M loan for planned Restoration Hardware flagship
Aurora Capital Associates has secured a $105 million loan for the planned Restoration Hardware flagship in the Meatpacking District, according to city records. Photo via … Continued
ULI issues call for best development projects
Urban Land Institute New York (ULI NY) chairman Marty Burger has called for submissions for the 2018 Awards for Excellence in Development, a statewide contest … Continued
City set to require emissions cuts from building owners
Mayor Bill de Blasio this week announced new mandates that will force building owners to make sharp reductions in greenhouse gas emissions. The new rules will compel owners to meet fossil fuel caps – requiring deeper upgrades to boilers, water heaters, roofs and windows on an accelerated 2030 timeframe – with sharp penalties for failure …
Savanna, Atom Assets score $100M loan for Plaza District office tower
JLL’s Capital Markets experts announced the firm secured approximately $100 million on behalf of Savanna and Atom Assets to fund the construction of 106 West 56th Street, a 26-story luxury boutique Class A office tower in the Plaza District. United Overseas Bank provided the senior construction financing and Canyon Real Estate Partners provided the mezzanine …
Fortis closes $297M mortgage for Cobble Hill mixed-use complex
Madison Realty Capital (MRC) announced the closing of a $297 million construction loan for River Park, a three-building mixed-use development in Cobble Hill by Fortis … Continued
Midwood files plans for 15-story mixed-use project in the Upper East Side
Midwood Management Corporation has filed plans for a 15-story mixed-use development in the Upper East Side. Photo via Google Street View The firm is looking … Continued