Northeast

Commercial Observer BNP Paribas has reduced its footprint at 787 Seventh Ave. in Manhattan, to 280,000 square feet. The French bank had been leasing 469,200 sf at the 1.7 million-sf office building for more than 20 years. A venture of...

Commercial Observer American International Group has signed a lease for 220,000 square feet at 28 Liberty St., a 2.2 million-sf office building in Manhattan. JLL represented the finance and insurance company in the lease. The asking rent was about $75/sf....

The Real Deal Delshah Capital has filed a lawsuit against Free People, alleging that the retailer has failed to make rent payments for the 6,800 sf it leases at 58-60 Ninth Ave. in Manhattan. The New York company terminated Free...

Commercial Observer Heritage Equity Partners has begun Chapter 11 bankruptcy proceedings against its planned 144-room hotel project at 232 Seigel St. in Brooklyn, N.Y. The New York developer bought the project's development site, in the borough's Bushwick neighborhood, in 2015...

Boston Business Journal A venture of Berkeley Investments Inc. and Harvard University is planning to build a mixed-use project on a 5.2-acre site at 176 Lincoln St. in Boston. Harvard acquired the property, which currently houses a vacant building on...

Bisnow The 217-room W hotel in lower Manhattan is permanently closing on Oct. 13. The property, at 8 Albany St., has been temporarily shut since March as a result of the coronavirus pandemic. Other hotels in Manhattan already have shuttered...

Crain's New York Business ELO Organization's proposed $115 million purchase of 15 West 47th St., a 120,790-square-foot office building in Manhattan's Diamond District, has fallen apart. It's not known what caused the deal to collapse. The transaction was slated to be...

New York Post Macklowe Properties has stopped paying rent at the GM Building in Manhattan. The New York real estate investor leases 28,000 square feet at the 2 million-sf office property. Its monthly bill is for about $233,000. A venture...

Boston Business Journal Related Cos. has filed plans for a mixed-use project on the site of the Ben Franklin Institute of Technology in Boston. The 310,000-square-foot development, at 41 Berkeley St. in the city's South End neighborhood, will have 210,000...

Commercial Observer Savanna has lined up $303.5 million of financing for its purchase of 1375 Broadway, a 513,000-square-foot office building in Manhattan. Brookfield Real Estate Finance originated the financing. It kept a $103.5 million mezzanine position and syndicated $200 million...

Commercial Observer The Times Square Edition hotel in Manhattan, which had been slated to close on Aug. 13, instead will re-open to the public this fall. The move comes after Maefield Development reached a debt restructuring agreement with Natixis and other...

The Real Deal Related Cos. has sold a pair of apartment buildings with 84 units in the Bronx, N.Y., for $13 million, or about $154,762/unit. Hodges Ward Elliott brokered the deal on behalf of Related and the buyer, which was...

The Real Deal Organon & Co. has agreed to sublease 110,000 square feet at 30 Hudson St., a 1.4 million-sf office building in Jersey City, N.J. The company, a planned spinoff of pharmaceutical firm Merck & Co., is subleasing the...

Crain's New York Business Saint James Church has filed plans for a 102-unit residential project at 2520 Jerome Ave. in the Bronx, N.Y. The nine-story building would be next to the church and also have 21,000 square feet of community...

Commercial Observer Thor Equities has sued The Wing, a coworking company, for failing to pay $270,000 in rent, electricity and real estate taxes for the 12,252 square feet it leases at 25 West 39th St. in Manhattan. In its suit,...

Commercial Observer A venture of JHG Holdings and Adam Neumann, We Co.'s former chief executive, has secured $75 million of financing against the development site at 123 West 23rd St. in Manhattan. G4 Capital Partners provided the loan, which the...

Commercial Observer A venture of JHG Holdings and Adam Neumann, We Co.'s former chief executive, has secured $75 million of financing against the development site at 123 West 23rd St. in Manhattan. G4 Capital Partners provided the loan, which the...

Crain’s New York Business A venture led by HFZ Capital Group has launched a fund to buy shares in publicly-traded REITs that have been impacted by the coronavirus pandemic. HFZ, a New York developer, and other partners provided $50 million...

Commercial Observer Knightbridge Properties has secured $20 million of bridge financing to complete the construction of the final two units in the 13-unit Cast Iron House luxury residential condominium project in Manhattan. Emerald Creek Capital provided the loan. The development,...

The Real Deal An auction that was scheduled for yesterday to sell a portfolio of commercial properties in Manhattan, Queens, N.Y., and Long Island, N.Y., has been postponed. Jeffrey Wu, a Queens developer that owns the portfolio, recently threw three...

Bisnow WinnCompanies has extended its moratorium on evictions for nonpayment of rent at its Massachusetts apartment properties through the end of the year. The company noted that residents are required to demonstrate financial hardship before getting their rent payments deferred....

Commercial Observer BankUnited has provided $71 million of financing against a portfolio of four apartment buildings with 314 units in New York City. The loan has a seven-year term. Stellar Management owns the portfolio, which consists of the 66-unit building...

Boston Business Journal Westbrook Partners is constructing a 215,000-square-foot life-sciences building in the Boston suburb of Watertown, Mass. The New York investment manager is developing the four-story project at 85 Walnut St. The site, which is currently home to an...

The Real Deal Malls in some parts of New York state are expected to re-open on Friday, but those in New York City will remain closed. Governor Andrew Cuomo announced that malls in areas that are entering phase 4 of...

The Real Deal Meridian Properties has paid $18.3 million for two apartment buildings with 104 units in Brooklyn, N.Y. The Brooklyn real estate investment firm bought the properties, at 556 and 570 Lefferts Ave., from Treetop Development of Teaneck, N.J.,...