Investors Bank has provided Hudson Companies with a $30 million permanent loan to refinance its construction loan at 22 Caton Place in the Kensington/Windsor Terrace area of Brooklyn, Commercial Observer has learned.
Skanska is having a busy 2016. Financing on the $4.2 billion LaGuardia Central Terminal B redevelopment closed on June 1 and work on the behemoth public-private partnership (PPP) is now underway. The developer is simultaneously bidding on the Penn Station renovation, reconstructing the Saint Nicholas National Shrine and pursuing opportunities in the healthcare Read More
The space on the 21st floor of 24-story commercial office building 180 Madison Avenue was, according to Daniel Montroy, a principal at the architectural firm Montroy Andersen DeMarco (MADGI), “an old, tired office.”
As the world becomes increasingly digitized, the banking industry is being forced to rethink how it conducts business.
The popularity and ease of online banking—why schlep to a branch to deposit a check with a teller when you can do it remotely in the comfort of your own home?—has greatly diminished the need Read More
The ocean is about to flood the Crossroads of the World, with the first-ever National Geographic–branded immersive entertainment.
A joint venture called Times Square Attractions Live has signed a 59,137-square-foot lease at 226 West 44th Street between Seventh and Eighth Avenues, according to a press release from the group. The tenant Read More
Offit Capital Advisors, an employee-owned finance firm, has inked a 10-year renewal at 485 Lexington Avenue, Commercial Observer has learned.
InVision Communications has inked a 12,015-square-foot deal at 550 Seventh Avenue between West 39th and West 40th Streets, according to a press release from the landlord’s broker.
The agency will occupy the entire 17th floor of the Adler Group-owned 25-story office building. Asking rent in the eight-year deal was $60 per square foot.
The Read More
451 Research, an information technology research and advisory company founded in 2000, has renewed its lease for 13,000 square feet at 20 West 37th Street, Jordan S. Mandel of Vanguard Global Realty told Commercial Observer.
The deal is for six years with an asking rent of $50 per square foot, said Mandel, who Read More
Translation, an agency that specializes in building brands, has inked a lease at 10 Jay Street between Hudson and Greenwich Streets in the Dumbo neighborhood of Brooklyn. It will be the building’s first tenant.
The company will occupy 35,000 square feet on part of the third and fourth floors of the 230,000-square-foot building. It Read More
The Ronald O. Perelman and Claudia Cohen Center for Reproductive Medicine of Weill Cornell Medicine has finalized a 15-year lease at 255 Greenwich Street in Tribeca, Commercial Observer has learned.
The fertility center will be in 10,547 square feet on part of the building’s fifth floor, according to a press release from landlord Jack Resnick Read More
Madison Realty Capital has sold a 35-unit, 22,800-square-foot rental building in Williamsburg for $22.4 million to One Realty Capital, which is more than double what MRC paid for it three years ago, Commercial Observer has learned.
The six-story building at 265-267 South 2nd Street is 100 percent leased and has a mix of two-, Read More
State Senate Majority Leader John Flanagan renewed calls for a property tax cap in New York City today and referred to the failed negotiations over the expired 421a tax abatement as a “missed opportunity.”
The Long Island Republican made the remarks this morning as he addressed the construction industry at the New York Building Read More
Capital One has provided $70 million in acquisition financing for Clipper Realty’s purchase of The Aspen in East Harlem, Commercial Observer can first report.
On a Friday morning in early April 2015, news broke that Hillary Clinton’s presidential campaign had finalized a two-floor, approximately 80,000-square-foot lease at the Forest City Ratner Companies-owned 1 Pierrepont Plaza.
Because Federal Elections Commission regulations say a candidate must declare within 15 days of conducting official campaign activities, the lease meant Read More