Empire State Realty Trust secures $30M loan for 1542 Third Avenue
Retail landlord Empire State Realty Trust scored a $30 million mortgage for condo building 1542 Third Avenue in the Upper East Side. The financing, which … Continued
Category : Blog
DTH, Rose Associates secure $375M financing for 70 Pine Street
DTH Capital and Rose Associates secured a combined $375 million mortgage and mezzanine loan for 70 Pine Street. Hunton & Williams LLP advised EBNB 70 Pine Owner LLC, a joint venture between DTH Capital and Rose Associates, in connection with the transaction. The owners acquired the building in 2011 and have converted the one-million-square-foot landmark …
New York property owners counting down to June RPIE deadline
By Samantha J. Golkin and Benjamin A.J. Golkin, Law Offices of Jeffrey Golkin Partners Owners of income producing property with an actual assessed valuation greater … Continued
DONE DEALS: Roundup of the week in residential sales
Itʼs not just an Englishmanʼs home thatʼs his castle. Douglas Elliman broker Sonia Stock said the luxurious master suite in #3A at 505 Greenwich is what sold her client on the unit when he first bought it. Now, the same attribute has tempted a buyer to pay $3.05 million for the two bedroom, 2.5-bath apartment. …
Bank policing puts private equity firmly in real estate mix
ANTHONY LA MALFA By Anthony La Malfa, Assurance Partner, CPA, BDO Federal regulators — the Federal Deposit Insurance Corporation (FDIC) and the Office of the … Continued
McGuinness takes his Harlem Properties biz to Compass
Compass has expanded its presence in Harlem with the addition of the Harlem Properties team lead by president John McGuinness. With more than seven years … Continued
All change for retail banking as branch consolidation evolves
Before the 2007 financial downturn, there were 97,000 bank branches in the U.S. Today, there are about 90,000 and we could see a further 20 … Continued
WeWork takes four floors at Beacon Capitalâs 575 Fifth Avenue
Beacon Capital Partners announced that WeWork, the global workspace, community and services provider, has signed a lease for 58,000 s/f at 575 Fifth Avenue. Beacon … Continued
Tech firm Eze Castle renews 17,925 s/f lease at Silversteinâs 529 Fifth Avenue
Silverstein Properties announced that technology solutions provider Eze Castle Integration, Inc. has signed a lease renewal at 529 Fifth Avenue. Photo via CommercialCafe Eze Castle … Continued
Cornell University files plans for 197-key hotel at 1 Main Street in Roosevelt Island
Cornell University and AJ Capital has filed plans to build a 197-key hotel at 1 Main Street in Roosevelt Island. According to a permit application filed with the Department of Buildings, the university is looking to build an 18-story tower with a height of 199 feet. The planned 139,083 s/f property will sit on a …