Category : Featured

Deals & DealmakersFeatured

SJP buys Metropark tower from AIG, plans overhaul

REW
by REW2487
SJP Properties has acquired 200 Wood Avenue South, a 270,000 s/f Class A office building in Woodbridge, NJ. It plans to modernize the property with all-new finishes, building systems and an amenity package that includes a fitness center, conferencing facilities and dining center, and collaborative indoor and outdoor areas. Existing...
Deals & DealmakersFeatured

Moinian recaps Oskar with Bank of China loan

REW
by REW3864
The Moinian Group has closed on a $105 million loan from Bank of China to refinance Oskar, the developer’s fully leased luxury residential building at 572 11th Avenue. The loan was secured at a fixed rate of 2.82 percent for a period of ten years and replaces the existing construction...
FeaturedLeases

National Grid takes 87,000 s/f at Brookfieldʼs 2 Hanson Place

REW
by REW9196
Brookfield Properties announced that National Grid has signed a 15-year, 87,000 s/f lease at 2 Hanson Place. National Grid is designing a modern workspace at the building in response to the changing expectations of talent, with flexible workstations and zones for collaboration. The energy giant will move into the 14-story...
Court orders top cut off skyscraper
Construction & DesignFeaturedProperty Managers

Court orders top cut off skyscraper

Sabina Mollot
by Sabina Mollot4634
A court last week ruled that SJP Properties and Mitsui Fudosan must demolish the top 20 floors of their skyscraper at 200 Amsterdam Avenue; now, activists are looking to apply the same rules to a second supertall at 430 East 58th Street.
Debt & EquityFeatured

Moinian recaps Oskar with Bank of China loan

REW
by REW4291
The Moinian Group has closed on a $105 million loan from Bank of China to refinance Oskar, the developer’s fully leased luxury residential building at 572 11th Avenue. The $105 million loan, at a fixed rate of 2.82 percent for a period of ten years, replaces the existing construction loan...
FeaturedResidential

New push to train apartment agents on housing law

Sabina Mollot
by Sabina Mollot2705
Following a bombshell report by Newsday that showed a disturbing pattern of discrimination by real estate agents against people of color in Long Island, the state legislature swiftly announced new regulations pertaining to the training of agents. The new rules, approved by the New York State Real Estate Board before...