Loktech turns to itʼs ally for $25M financing
Investors Bank recently provides permanent financing to replace the construction loan on multi-family housing property in Ridgewood, Queens
Category : Blog
CBRE lands two new tenants at 14 Wall Street
New deals follow a trend in technology, advertising, marketing and information firms heading downtown.
Bigger is better at luxury rental 222W80th
Friedland and Rose Associates catering to families at new Upper West Side development
Rosenberg & Estis renews on Third
The Durst Organization announced Rosenberg & Estis, P.C. signed a 10-year lease for 16,456 s/f on the entire 15th floor and renewed on the entire 12th and 14th floors at 733 Third Avenue, bringing their total square footage at the property to 51,778 s/f. Rosenberg & Estis has been a...
Maddd Equities, Joy Construction plan 3 projects in Bronx, Brooklyn
Maddd Equities and Joy Construction are planning three mixed-use residential developments in The Bronx and Brooklyn. Jorge Madruga, of Maddd Equities, and Eli Weiss, of Joy Construction, just secured $51 million in financing from Natixis to complete the acquisition of Bronx parking lots and a Brooklyn self-storage site. The acquisitions include 77,675 s/f of paved …
Tishman Speyer breaks Boston records with $450M Pier 4 sale
Tishman Speyer has sold the Pier 4 office building in Boston’s Seaport District for $450 million. CommonWealth Partners purchased the 372,372 s/f asset for $1,208 psf, the highest price ever achieved for a Boston office property. Located at 200 Pier 4 Boulevard, the 13-story Pier 4 office building was designed by Elkus Manfredi Architects of …
SELLING POINTS: Jersey City chemical plant gets new life
● PROGRESS CAPITAL Developer planning rental community at defunct chemical plant A former chemical plant in Jersey City is to be redeveloped as a rental community with street level retail and parking. Developer Art Johnson purchased the former site of Elementis Specialties, at 400 Claremont Avenue for $17 million. For the past 70 years, Elementis …
Ware Malcomb hosts event at Pretend City Children’s Museum
International design firm Ware Malcomb supported an interactive summer exhibit at Pretend City Children’s Museum called “Dream it, Draw it, Build it.” Ware Malcomb provided pro-bono design services for the exhibit, which features three activity zones, each representing various aspects of the architectural design process. “Ware Malcomb is proud to partner with Pretend City to …
RedSky secures $221M bridge loan for Williamsburg retail
JLL’s Capital Markets team has arranged a $221.8 million bridge loan through J.P. Morgan Chase to finance a portfolio of retail properties in Williamsburg. The three-year, interest-only loan was arranged on behalf of the owners, Brooklyn-based RedSky Capital and UK-listed investment fund JZ Capital Partners. The JLL team arranging the financing was led by Managing …
Denihanʼs summer ʻexternshipʼ program a big hit
Denihan Hospitality welcomed four certified New York City Department of Educationâs Career and Technical Education instructors this summer for a two-week externship program at its The Benjamin and Shelburne Hotel & Suites by Affinia. Instructors were there to translate important aspects of business management and operations to inform their curriculum and teaching practice. âThis externship â¦