Northeast
BNP Paribas Reduces Footprint at 787 Seventh Ave. in Manhattan
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...
AIG to Lease 220,000 SF at Manhattan’s 28 Liberty St.
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....
Delshah Capital Sues Retailer Over Unpaid Rent at Manhattan Mixed-Use Building
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...
Future of Brooklyn, N.Y., Hotel Project in Doubt
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...
Mixed-Use Project Planned for 5.2-Acre Site in Boston
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...
Lower Manhattan’s W Hotel Set to Close in October
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...
Proposed Sale of Office in Manhattan’s Diamond District Collapses
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...
Macklowe Stops Paying Rent at Manhattans GM Building
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...
Related Cos. Plans Mixed-Use Project in Boston
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...
Savanna Secures $303.5Mln of Acquisition Financing for Manhattan’s 1375 Broadway
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...
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