Category : Featured

Deals & DealmakersDebt & EquityFeatured

Chinese bankroll $600M Sony Building loan

Sarah Trefethen
by Sarah Trefethen1296
The Cherit Group’s $1.1 billion purchase of the Sony Building, which closed on March 8, has secured $925 million in bridge acquisition financing arranged by SL Green. The loan consists of a $600 million senior loan originated by Bank of China, along with a $175 million senior mezzanine debt which SL Green sold to a private investment manager and a $150 million junior mezzanine debt originated by SL Green. The Chinese lender’s $600 million loan is another example of the bank’s pattern in recent years of making selective but substantial investments in U.S. real estate.
Deals & DealmakersFeatured

Data center talks to the world from Pearl Street

Sarah Trefethen
by Sarah Trefethen1219
Intergate.Manhattan is open for business. The world’s tallest high-rise data center powered up in Manhattan last week, in the monolithic former New York Telephone Company building that sits between the Brooklyn and Manhattan bridges on Pearl Street downtown.
Drive to put charging stations on every street corner steps up
Featured

Drive to put charging stations on every street corner steps up

Linda O'Flanagan
by Linda O'Flanagan1562
Electric car charging stations could soon be on more New York City street corners following the release of what amounts to a complete roadmap for plugging in whole communities. In a major push to prepare for growth in the sector, the Northeast Electric Vehicle Network — a group of 11 states working to promote the installation of Electric Vehicle charging stations — has released reports authored by WXY Architecture + Urban Design to help communities, employers, property owners, and local residents figure out the best way forward.
Go big or go home
FeaturedResidential

Go big or go home

Sarah Trefethen
by Sarah Trefethen1132
At Town Residential, no expense is spared to make clients feel like no expense has been spared. The offices and storefronts are plush and modern, with little touches of luxury at every turn. Visitors to the recently opened SoHo office are not just offered a drink of water, but invited to choose from the “international water bar,” which features dihydrogen oxide options from four European countries as well as the US. The brokerage is just two years old, but has already opened eight offices and boasts a roster of more than 450 representatives and staff.
Construction & DesignFeatured

McGowan completes new Lincoln Square Synagogue

REW Staff
by REW Staff689
McGowan Builders Inc. announced the completion of the new Lincoln Square Synagogue at 180 Amsterdam. Designed by the award-winning architecture and interior design firm, CetraRuddy, the three-story synagogue has officially opened its doors.
FeaturedResidential

One-time clown running rings around rivals

REW
by REW877
Many residential brokers come to real estate from different fields; often finance, business, sometimes the performing arts. But from the circus? Donna Bradbury did. The Citi Habitats broker went from making people happy as a circus performer and clown to making people happy by helping them find their dream homes. The one-time traveling circus performer and clown college graduate ditched her stilts and juggling balls for the world of real estate and hasn’t looked back.
Deals & DealmakersFeatured

Tech firm renews for another 10 years in hot Midtown South

REW Staff
by REW Staff1196
In a major lease for Midtown South that coincides with the launch of Meringoff Properties’ leasing campaign at 401 Park Avenue South, Vitech Corporation has renewed and extended its global headquarters lease at the 252,000 s/f office building. A worldwide provider of systems engineering and architecting software solutions, Vitech signed a 10-year, 42,200-square-foot lease on two floors at the 12-story property, strategically located on Park Avenue South at the southeast corner of East 28th Street.
FeaturedResidential

REBNY to host Harlem Open House Expo

REW Staff
by REW Staff913
Potential buyers looking to get a peak at the hot Harlem real estate market will get their chance as the Real Estate Board of New York (REBNY) gears up to host its first-ever Upper Manhattan Open House Expo. REBNY brokers will host exclusive viewings of co-op, condo, and townhouse listings for sale in Harlem and give the community the opportunity to learn about the booming real estate market from experienced uptown brokers.