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GreenOak grows with Related partnership

REW
Related Fund Management and GreenOak have formed a joint venture and acquired two commercial assets in Long Island City, the Paragon Building and the Blanchard Building. Both buildings are located in the Hunter’s Point corridor of Long Island City and offer access to the No. 7 subway, Long Island Railroad...
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MRC closes on $270M Buchanan building

REW
Madison Realty Capital has closed on the purchase of The Buchnan in midtown for $270 million after bringing in joint venture partner, USAA Real Estate Company. The institutionally-backed real estate private equity firm and the asset management giant will be just the fourth owners of the 300,000 s/f property at...
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Faith Hope Consolo set to take the stage

REW
http://www.rewwomensforum.com/One of real estate’s most colorful characters will take on a new role next month — starring in an off-Broadway play. Douglas Elliman retail chair Faith Hope Consolo will make her acting debut in the play My Big Gay Italian Midlife Crisis for one night only April 28, at the...
Westbrook, RXR plan new tech offices at $161M Brooklyn site
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Westbrook, RXR plan new tech offices at $161M Brooklyn site

REW
Westbrook Partners and RXR Realty closed on the purchase of 47 Hall Street, a 550,000 s/f property just south of the Brooklyn Navy Yard, for $161 million. Barry Sternlicht’s Starwood Capital Group is acting as the lender on the deal, sources said. Starwood provided a roughly $90 million acquisition loan...
SELLING POINTS: Slate in on 45 Rivington acquisition, Cush & Wake active
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SELLING POINTS: Slate in on 45 Rivington acquisition, Cush & Wake active

REW
●Slate / Adam America / Vanke 45 Rivington sold for $116M Slate Property Group, Adam America Real Estate and Vanke Holdings USA LLC have closed on the acquisition of 45 Rivington Street for $116 million. Located on the Lower East Side neighborhood, the existing six-story, 145,000-square-foot building, will be converted...
NYU buys students $87M digs
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NYU buys students $87M digs

REW
NYU Langone has purchased a 94-unit Gramercy Park rental building for $87.5 million. According to sources, the hospital plans to use the property to house medical students. 320 East 22nd Street is a 67,000 s/f building bought by Benchmark Realty for $39 million in 2012. Becnhmark principal Jordan Vogel said...
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Savanna scores $45M financing for Harlem respositioning

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Mission Capital Advisors has arranged $45 million of financing for 1825 Park Avenue, a 135,000 s/f commercial property located in Harlem. Jonathan More, Ari Hirt, and Jamie Matheny of Mission Capital arranged the loan on behalf of Savanna, one of New York’s most active private equity firms, which purchased the...
Tenant makes rent to buy move
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Tenant makes rent to buy move

REW
NAI James E. Hanson announced the sale of a 219,304 s/f industrial building located at 615 Route 303 in Blauvlet, NY. NAI Hanson’s team of Scott Perkins, Andrew Somple, and Christopher Todd represented the owner, Direct Invest, LLC in the sale to the current tenant, Advanced Distributions Systems (ADS). With...
WHO’S NEWS: Elliman names new manager at Tribeca office, three TOWN agents move to Gramercy office
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WHO’S NEWS: Elliman names new manager at Tribeca office, three TOWN agents move to Gramercy office

REW
Douglas Elliman Real Estate announced that Douglas Williford has joined the firm as the new manager of its 90 Hudson Street office in TriBeCa. In this leadership role, Williford will oversee the day to day operations of the office and its agents, working alongside Amy Hill, Assistant Executive Manager of...
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Selling points: 6 Columbus Circle generating international interest, Hakimian corners LIC office market

REW
Cushman & Wakefield All the world loves a prime development site Global interests are rumored to be jostling for a development site adjacent to the city’s so-called Billionaires Row. Bob Knakal, chairman, New York Investment Sales at Cushman & Wakefield, is exclusively marketing 6 Columbus Circle with Jonathan Hageman and...