Drug Marketing Company Headed for One Grand Central Place

One Grand Central Place.

Precision Media Group, a pharmaceutical company based in Bethesda, Md., has signed a deal to relocate one of its subsidiaries to One Grand Central Place.

The marketing subsidiary of the company, Precision for Value, will move into 17,942 square feet at the Empire State Realty Trust-owned building between Park and Madison Avenues, according to a Read More

Rudin Signs Glaze Teriyaki, Untamed Sandwiches to Midtown East Building

136 East 55th Street (Photo:   CoStar Group).

Glaze Teriyaki and Untamed Sandwiches will be opening outposts on the ground floor of Rudin Management Company’s 136 East 55th Street between Third and Lexington Avenues, Commercial Observer has learned.

Glaze Teriyaki is taking 1,977 square feet at the 204,269-square-foot, mixed-use building, according to the landlord. The Seattle-style teriyaki joint will relocate to the Read More

Citi Funds $102M Refi of Ohio Power Center

The Strip in North Canton Ohio (Photo Credit: Meridian).

Real estate development firm Stark Enterprises received a $102 million mortgage from Citigroup for a multi-tenant strip mall in North Canton, Ohio, Commercial Observer can first report.

The debt from Citigroup will be securitized in the commercial mortgage-backed securities market, and carries a 10-year term with a rate of 4.75 percent, a source Read More

Lightstone Launches Program to Fund Entrepreneurial Deals

David Lichtenstein.

New York City-based development firm Lightstone has started an “incubator fund,” which it will use to finance real estate-focused investments pitched by entrepreneurs, Commercial Observer has learned.

“Well you see, internally, a lot of what we do is entrepreneurial,” David Lichtenstein, the chairman and the chief executive officer of Lightstone, told CO. “Why not give Read More