News & Insights
Todd English to open huge eatery in former J&R Music space in downtown NYC
Celebrity chef Todd English will soon bring new life to a heavily trafficked but long-dark FiDi corner, Realty Check has learned. A huge eatery under the English banner has signed a lease for 20,000 square feet on two levels at 15 Park Row across from City Hall Park, downtown sources revealed. The site is at […]
Mack Real Estate Credit Strategies Provides $263M in Construction Financing for Cali Apartments
TA Partners has landed a $262.5 million debt package to complete two planned multifamily projects in Southern California’s Orange County, Commercial Observer can first report. Mack Real Estate Credit Strategies supplied the five-year, full-term interest-only construction loans for Milani Apartments and Pistoia Apartments in Irvine, Calif., which are both currently under development. Meridian Capital Group arranged the transaction for the 658-unit portfolio […]
Slate lends $137M on W’burg rental development
The investor group that bought The Collective’s development site in Williamsburg landed a $137 million loan to finance the project. The Loketch Group, the Joyland Group and Meral Property Group secured the capital from Slate Property Group’s lending arm, SCALE Lending, to finance the acquisition and construction of 555 Broadway.
East End Capital Buys Industrial Warehouse in Sunnyside, Queens for $42M
East End Capital has acquired an industrial warehouse in the Sunnyside neighborhood of Queens for $41.7 million, Commercial Observer has learned.
Exclusive: La Grande Boucherie, other restaurants from New York’s The Group coming to D.C.
Lincoln Property Co. and Cara Investments teamed up to launch a major renovation and expansion of the former National Bank of Washington building at 699 14th street.
JV Secures $147M Loan for Florida Student Housing Project
Slated for completion in 2024, the community is adjacent to Florida International University.
Signature Supplies $115M Acquisition Loan on NJ Apartment Asset
Cammeby’s International has nabbed $115.3 million of acquisition financing to purchase a multifamily property in Piscataway, N.J., near Rutgers University, Commercial Observer has learned.
Signature Bank Refis Durst’s Astoria Multifamily Complex With $128M Loan
The Durst Organization has landed a $127.5 million refinance for 10 Halletts Point, its newly constructed multifamily complex in Astoria, Queens, Commercial Observer can first report.
Fear and loathing at ICSC’s resurrected Vegas conference
After two-year hiatus, subdued atmosphere greets attendees at real estate’s biggest schmoozefest.
Morgan Stanley Originates $44M CMBS Loan on Boutique SoHo Office Property
Cape Advisors has nabbed $43.5 million in CMBS debt originated by Morgan Stanley to refinance a boutique office property in SoHo, Commercial Observer has learned. The fixed-rate, interest-only commercial mortgage-backed securities (CMBS) loan retired existing debt on 5 Crosby Street, a 75,000-square-foot, six-story boutique loft office building between Grand and Howard streets in SoHo, a neighborhood of Manhattan.
NYCB, Harbor Group International Lend $82M on NJ Rental Acquisition
Khosla Capital and partner DKJ Equity have locked in a $81.9 million financing package from New York Community Bank (NYCB) and Harbor Group International (HGI) to buy a multifamily property called The Sheffield at Englewood South in Englewood, N.J., Commercial Observer has learned.