YM/WREA gets to the art of trend in lobby design
An LED sculpture by Leo Villareal sparkles and streams from ceiling to floor. The colorful 17 foot mural by Caio Fonseca dazzles the eye. Mike … Continued
Category : Blog
Paul Massey drops out of race for NYC Mayor
Massey Knakal founder Paul Massey has ended his run for mayor, saying its costing too much money to race against an incumbent. “Unfortunately, the cost … Continued
Home Bay raises $5M
Home Bay Technologies, real estate start-up that promises “a smarter way to buy and sell homes with data-driven intelligence,” has completed $5 million funding round. The company deploys a software platform that promises significant savings for consumers and an enhanced service experience. Investors include Foundation Capital of Silicon Valley, Serra Ventures and the lead investor, …
Bushwick development in the works
Work is progressing on The Anx, a 40,000 s/f office and retail space in Bushwick. The building, located at 13 Grattan Street, will have a 5,000 s/f roof deck, 15,000 s/f of ground-floor and lower-level retail space and 25,000 s/f of office space on the second, third and fourth floors. The Anx is a sister …
Lam Group taps Colliers to lease retail at redeveloped Victoria Theater in Harlem
Colliers International and its minority business partner, Madison Square Realty, have been named leasing agents for the retail space at the redeveloped Victoria Theater in … Continued
Jury out on tower fate in Iran cash scandal
A Manhattan jury will decide whether the government can seize a majority stake in Midtown skyscraper 650 Fifth Avenue. The Alavi Foundation, which owns a … Continued
TRANSACTIONS: New mortgages for the week of June 28
Meridian Capital announced the following transactions: • A new mortgage in the amount of $7,500,000 on a five-story, 41-unit multifamily property located on East 32nd loan features a rate of 3.50% and a seven-year term. Michael Kesselman and Kerry Brick negotiated this transaction. • A new mortgage of $5,500,000 was placed on a four-story, 91-unit …
DDR, Madison close $1B retail recap
DDR Corp. and an affiliate of Madison International Realty announced the recapitalization of a joint venture with 52 shopping centers previously owned by DDR and … Continued
Procida takes some industrial action
Procida Funding & Advisors, a New Jersey based direct lender, provided a $3 million bridge loan on a time sensitive transaction. The loan is secured … Continued
BLDG Management secures $60M loan on The York
Meridian Capital Group has arranged $60 million in financing for The York multifamily property, located on the Upper East Side of Manhattan, on behalf of BLDG Management. The 10-year loan, provided by a life insurance company, features a fixed rate of 3.73 percent and full-term interest-only payments. The transaction was negotiated by Meridian managing director …