Finance - New York

Mack-Cali Sells NJ Flex/Industrial Park for $66M
Heritage Capital Group acquired the 13-building Totowa Commerce Center in Totowa, N.J., as part of a 1031 exchange. Natixis Real Estate Capital provided acquisition financing for the deal.
Industrial
New York Life Secures NJ Retail Refi
EDENS' 208,337-square-foot Closter Plaza in Closter, N.J., is home to big names such as Whole Foods and Target, and is the only shopping center within a 5-mile radius.
Retail
ASB JV Nabs Brooklyn Warehouse Complex
The two-building industrial asset is located in Brooklyn's Sunset Park neighborhood and includes 21,000 square feet of surface parking.
Industrial

  • NJ Lifestyle Center Lands $44M Refi

    HFF's debt placement team arranged the 10-year, fixed-rate loan through Principal Commercial Capital. The Grove at Shrewsbury features 35 high-end tenants.

    27 September 2017 13:14

  • JV Secures $73M for NYC Redevelopment

    APF Properties and Drake Street Partners tapped CBRE to arrange acquisition and redevelopment financing for 163 Varick St. in Manhattan.

    13 September 2017 13:42

  • Upcoming Queens Hotel Receives $44M Financing

    The construction of the dual-branded Marriott Hotel broke ground in 2015, and will bring a total of 338 guestrooms to the borough’s Jamaica neighborhood.

    12 September 2017 15:29

  • BGC Acquires Berkeley Point, Minority Stake in New CRE Biz

    The company and its affiliate Cantor Fitzgerald paid $875 million to purchase the capital solutions provider, and invested an additional $100 million in finance and investment business CF Real Estate Finance Holdings LP.

    12 September 2017 12:46

  • 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

  • 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