Category : Featured

Raizy Haas By Liana Grey At a NYCREW event last Thursday, a group of teenage girls rode a construction elevator to the 22nd floor of … Continued

Kent M. Swig just signed two deals at 48 Wall Street, a building the Swig Equities president says is meeting demand for media and communications firms riding the tail winds of media giant, Conde Nast as is prepares to move downtown.

By Al Barbarino Commercial mortgage brokerage and advisory firm Deerwood Real Estate Capital has arranged $160 million in financing for the Gansevoort Park Hotel at 420 Park Avenue South in Manhattan. The 10-year, fixed-rate loan will be used to pay off an existing construction loan on the property and was funded by Citigroup and Redwood Trust, said Abe Katz, managing partner at Deerwood.

By Liana Grey Two Trees, the DUMBO-based development firm, is in talks to acquire the long-troubled Domino Sugar factory site along the Williamsburg waterfront for $160 million. The pending deal comes after the Community Preservation Corporation (CPC), a partner in the development along with Isaac Katan, sought to recapitalize the project after defaulting on a $120 million loan.

222 Broadway, Photo Credit: Ecker By Al Barbarino Beacon Capital Partners and L&L Holding Company have purchased a 27-story, 756,000 s/f office building at 222 … Continued

Tenant representation firm Cresa has appointed Mark Jaccom, former co-chairman of the Tri-State region at Colliers International, to serve as president and managing principal of New York. He has also been named to Cresa’s Board of Directors.

By Al Barbarino The real estate community will hold a fundraiser dubbed Broadway in Bloom on June 20 to say “thank you” to the Broadway Mall Association, an organization that beautifies and maintains the malls that line the center of upper Broadway. For the last quarter century, the BMA has taken care of the 10.6 acres of medians that stretch from 70th Street to 168th Street, doing work that has been credited with helping transform the neighborhood. “I’ve lived on the west side for 40 years and I remember what those malls used to look like, with garbage and beer bottles scattered all around,” said committee member Barbara Good. “When I first moved here, my friends from the east side literally wouldn’t come over. Now everyone wants to come.”