Madison Square Realty

  • Carver Bank Relocates Manhattan HQ

    Following the sale of its previous location, the bank has signed a 20,000-square-foot lease in a recently refurbished historic building in Harlem, maintaining its 70-year presence in the neighborhood.

    New York 16 March 2018 15:16

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    Jack Resnick & Sons sold the nearly 430,000-square-foot Class A office asset, which last changed hands as part of a 1.9 million-square-foot portfolio transaction in 2006.

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    The 26-story Class A tower last changed hands in November 2013, when Shidler Group shelled out $103 million for the Union Street asset.

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    The transaction marks the third change of ownership for 1221 City Center, an iconic office property in the central business district, over the past six years.

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    Ashford Hospitality Trust is the new owner of the 178-key property in Santa Cruz. Acquisition financing included a non-recourse mortgage loan of roughly $25.3 million.

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    Clarifi has leased more than 7,000 square feet on the fifth floor of a premier asset owned by Nightingale Properties, joining a roster of tenants comprising Spector, Gadon & Rosen and MakeOffices.

    14 November 2018 14:40