State: New York - NY

The volume of apartment sales in New York City totaled $628.5 million during the second quarter, down 69 percent from the same period a year ago, according to Ariel Property Advisors. That was the third-lowest quarterly volume since 2010. In ...

Capital One has provided $29.2 million of financing against four apartment properties with 271 units in Manhattan. The loan allowed the owner of the buildings, Bronstein Properties of Queens, N.Y., to retire $13.3 million of debt that Dime Community Bank ...

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 Real Estate Direct Staff Report Valley National Bank has provided $49.3 million of financing against the 105-unit apartment building at 2442 Ocean Ave. in Brooklyn, N.Y. The loan allowed the property's owner and developer, Lay Assets of Brooklyn, to ...

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 ...

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 ...

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 Real Estate Direct Staff Report Pyramid Cos. has negotiated the workout of a $430 million CMBS loan against the two phases of its Destiny USA Mall in Syracuse, N.Y., and is moving toward getting the securitized loans against five ...

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 ...

Commercial Real Estate Direct Staff Report A group of lenders led by Landesbank Hessen-Thuringen of Germany has provided $43 million of financing against the 68-unit Arthur apartment property in Manhattan. The loan allowed the building's owner, Naftali Group of New ...

Pyramid Cos. has negotiated the workout of a $430 million CMBS loan against the two phases of its Destiny USA Mall in Syracuse, N.Y. and is moving toward getting the securitized loans against five other shopping malls modified as well.

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 ...

Commercial Real Estate Direct Staff Report The $272 million of CMBS debt against the ground beneath Manhattan's Lipstick Building has transferred to special servicer Aegon USA Realty. The move comes as a venture of Inversiones y Representaciones Sociedad Anoima and ...

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, ...

A total of 3.8 million square feet of office leases were signed in Manhattan during the second quarter, a 66.4 percent decline from the 11.2 million sf of deals inked at the same time last year, according to CBRE. Restrictions ...

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 ...