Finance - New York
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Mitsui Fudosan Buys Stake in $3.6B Hudson Yards Project
The Japanese developer will take a 90 percent stake in 50 Hudson Yards on Manhattan’s Far West Side. The deal follows its 2014 acquisition of the nearby 55 Hudson Yards tower.
05 September 2017 09:16 -
On the Market: 5 Interesting Listings for August
This month's listings include a Texas retail property built in 1900 and completely renovated in 2015 and a mixed-use multifamily and retail asset in Brooklyn's Williamsburg neighborhood.
30 August 2017 18:14 -
Small Balance Loans to Hit High Marks in 2017
John Caulfield, COO of Arbor Realty Trust, the first lender to reach $2 billion in Freddie Mac Small Balance loans, discussed why this financing sector is expected to grow even further.
30 August 2017 18:11 -
SL Green, Vornado Snag $1.2B Refi for Manhattan Tower
The new loan on the 280 Park Ave. office building, now 97 percent leased following its emergence from a sweeping $150 million renovation, replaces the $900 million refinancing secured in 2016.
28 August 2017 09:03 -
Kimmerle Group Boosts Multigenerational Leadership
Robert Kimmerle, son of company founder & president George Kimmerle, has returned to the firm as chief financial officer. He brings more than a decade of experience in financial management and will focus on providing financial and consultative support.
25 August 2017 13:51 -
Fully Leased NJ Industrial Asset Nabs $15M Financing
Arranged by Cushman & Wakefield, the loan was used for Camber Real Estate Partners and Advance Realty's acquisition of a distribution center in Paterson, N.J.
23 August 2017 13:22 -
Trinity Wall Street Scores $400M for NYC High-Rise
Cushman & Wakefield arranged the acquisition financing for 375 Hudson St., a 19-story Class A office and retail building in Manhattan.
21 August 2017 11:59 -
HFF Secures $15M Loan for NJ Industrial Asset
The three-year, floating-rate loan through Malvern Federal Savings Bank is being used to cover acquisition and closing costs for a rail-served warehouse distribution building and adjacent 16-acre development site in South Brunswick.
11 August 2017 11:41 -
Manhattan Retail Condo Commands $25M
Rubie's Costume Co. purchased the 26,401-square-foot space that is currently fully occupied by New York City’s largest costume store. The sale included an additional $12.5 million loan assumption.
31 July 2017 13:31 -
Vornado Completes $500M NYC Refi
The 40-story office building is located in Midtown Manhattan at 330 Madison Ave. It's the fourth Manhattan asset the REIT or an affiliate has refinanced in the last eight months.
26 July 2017 11:35 -
Meridian Arranges $21M Refi for NYC Property
The eight-story mixed-use asset features four commercial units and 20 luxury apartments and is in close proximity to the Subway Line 1 at Houston Street.
24 July 2017 12:09 -
Bell Works Lands $70M in Financing
Somerset Development is transforming the two million-square-foot property into an indoor “downtown area” with retail on the ground floor, office and hotel on the upper floors, as well as single-family and townhomes.
21 July 2017 12:21 -
JV to Redevelop Historic Sunshine Theatre in NYC
A partnership between East End Capital and K Property Group purchased the 29,200-square-foot building for $31.5 million. The historic Houston Street cinema will close in January 2018, and will be transformed into a mixed-use development.
14 July 2017 07:34 -
Brooklyn Reuse Project Receives $150M Bridge Loan
Glacier Global Partners and Triangle Assets landed the short-term financing for 10 Jay St., an 1890s building at the entrance of the newly developed 85-acre Brooklyn Bridge Park.
13 July 2017 11:08 -
Fifth Avenue Tower Lands $200M in Financing
Groundbreaking is scheduled for 2018, three years after Ceruzzi Holdings and SMI USA acquired the New York City development site for $275 million from Thor Equities.
12 July 2017 12:39