Category : uncategorized

Deals & Dealmakersuncategorized

SELLING POINTS: Israeli investors sell Harlem portfolio for $34M; Kushner Group partners on development site deal

REW
by REW3129
●GFI REALTY SERVICE Israeli investors sell Harlem portfolio for $34M Midtown-based investment and management firm Rhodium Capital Advisors has paid $34.1 million for a six-building Harlem portfolio. GFI Realty Services announced the  sale of the properties located at 100 West 143rd Street, 118 West 137th Street, 210 West 133rd Street, 22 Bradhurst Avenue,...
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Clarion, Kaufman end year with one space left at 100 Fifth Avenue

REW
by REW1442
Clarion Partners, an investment adviser that owns 100-104 Fifth Avenue on behalf of a commingled fund, along with The Kaufman Organization, the exclusive leasing agent for the property, announced that they have secured four leases totaling 47,400 s/f at the Midtown South tower. Existing tenant DeVito/Verdi renewed and extended its...
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$540M Times Square hotel to be transformed

REW
by REW1336
Maefield Development announced the purchase of the leasehold interest in the 468-room DoubleTree Hotel, located at 1568 Broadway in Times Square, from Sunstone Hotel Investors. The acquisition — for a reported $540 million — is part of a planned redevelopment of the property into a cultural, entertainment, retail and hospitality...
Savills Studley makes push into Canada
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Savills Studley makes push into Canada

REW
by REW848
As part of a continued expansion in North America, Savills Studley has acquired Real Facilities, a Toronto-based commercial real estate firm committed exclusively to representing tenants. Stan Krawitz, founder and president of Real Facilities, will oversee the operations for Savills Studley as executive vice president, founder and head of Canada....
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Libeskind moves HQ to 150 Broadway

REW
by REW1073
Studio Libeskind, the international architectural and design firm of architect Daniel Libeskind, will move its headquarters to JEMB Realty’s 150 Broadway in Lower Manhattan. Studio Libeskind has signed a 10-year lease for a full floor of space. The firm, which has offices in Milan and Zurich, will relocate from 2...
Sandwich chain maintains NYC leasing momentum
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Sandwich chain maintains NYC leasing momentum

REW
by REW986
RKF has arranged three leases for Pret A Manger (Pret) at 60 Broad Street in FiDi, 530 Seventh Avenue in the Fashion District and 125 Chambers Street in TriBeCa. Ariel Schuster, Jackie Totolo and Michael Paster are the exclusive tenant representatives for Pret A Manger in New York and represented...
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Transactions: Meridian Capital’s $5M mortgage for Bronx property, Hirshmark Capital $1.5M loan for Williamsburg building

REW
by REW1160
Meridian Capital announced the following transactions: A new mortgage of $1,690,000 was placed on a four-story, 16-unit multifamily property located on West 159th Street in New York, NY. The loan features a rate of 3.00% and a five-year term. This transaction was negotiated by Judah Hammer and Daniel Neiss. A...
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Stalled development hits market in FiDi

REW
by REW823
Eastern Consolidated has been selected as the exclusive agent to market 45 John Street in the Financial District, a stalled office to residential conversion project that is around 75 percent complete. The fee simple interest in the 14-story, 102,000 s/f property will be auctioned off at the U.S. Bankruptcy Court on...
Retailuncategorized

CBRE gets hitched to David’s Bridal

REW Staff
by REW Staff1768
CBRE Group, Inc. has been selected by David’s Bridal, Inc. to provide transaction management and brokerage services for the retailer’s U.S. retail portfolio. CBRE will identify, evaluate and secure retail premises, facilitate lease renewals and provide market analytics for David’s Bridal across the U.S. Steven Gartner, an executive vice president in...
Mixed reactions as city, state reach $26B deal on MTA budget
Featureduncategorized

Mixed reactions as city, state reach $26B deal on MTA budget

REW
by REW1214
Over the weekend, city and state authorities announced an agreement to fund the Metropolitan Transportation Authority’s extensive plan to expand and maintain the region’s transit system. The financing deal, which ends months of contentious debate over the city’s contributions into the five-year, $26.1 billion capital program, will fund projects that...