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News
GO Residential REIT Buys Stake in Brooklyn Apartment Building
25+ min ago (357+ words) GO Residential REIT has been on a bit of a buying spree this year, and it just completed its previously announced acquisition of an approximately 81 percent managing interest in a multifamily building in Crown Heights, Brooklyn. The real estate investment…...
Investment Firm T7 Capital Signs 4K-SF Lease at 515 Madison Avenue
1+ hour, 59+ min ago (286+ words) GFP Real Estate has signed three new deals at its Midtown office tower at 515 Madison Avenue, totaling nearly 9,000 square feet of space, the landlord announced Tuesday. In the largest deal, investment management firm T7 Capital signed a five-year, 3,956-square-foot lease on…...
Marx Realty's Craig Deitelzweig On the Office-Hospitality Connection
5+ hour, 11+ min ago (1474+ words) When he isn’t home tending to his alpacas — yes, he has alpacas — Craig Deitelzweig, the chief executive officer of owner Marx Realty, is working out ways to beautify the company’s office portfolio, intent on making where people go to work…...
Infinium Wall Systems Takes 30K SF at ESRT’s 1359 Broadway
20+ hour, 33+ min ago (242+ words) If these walls could talk, they’d talk about all the new leasing in Midtown. Infinium Wall Systems, a company that designs, engineers and installs wall systems and doors for offices, has inked a new office and retail lease spanning 30,017 square…...
Insurance, Real Estate Firms Ink 57K SF at 1185 Avenue of the Americas
1+ day, 25+ min ago (288+ words) Two companies signed recent deals at SL Green Realty’s 1185 Avenue of the Americas. In the largest lease, international specialty insurance firm Ryan Specialty signed a 10-year renewal and expansion lease at the 42-story office property, taking 29,166 square feet across the…...
New Empire Corporation Buys Midtown Parking Garage for $33M
4+ day, 1+ hour ago (239+ words) Bentley Zhao’s New Empire Corporation, a New York City-based developer of residential mixed-use buildings, dropped $33.5 million to acquire a Midtown parking garage at 10 East 30th Street, according to a deed filed in property records on Thursday. The purchase, made through the…...
Live Shopping Marketplace Storefront Takes 5K SF at 555 West 25th St
4+ day, 21+ hour ago (260+ words) Storefront, a new e-commerce platform and live shopping marketplace for brands and independent sellers, has signed a 4,700-square-foot lease at Mactaggart Family & Partners’ office building at 555 West 25th Street, Commercial Observer has learned. The length of the lease is for two…...
Center for Justice Innovation Expands to 34K SF at 520 Eighth Avenue
5+ day, 3+ hour ago (300+ words) The Center for Justice Innovation, a nonprofit organization focused on community safety and racial justice, is taking more space at its Midtown offices. The nonprofit has signed a deal to expand to 34,300 square feet at GFP Real Estate’s 520 Eighth Avenue…...
London Nightclub Operator Buys 675 Hudson Street for $100M
6+ day, 20+ hour ago (252+ words) After unveiling plans for a rooftop nightclub at the 14th Street Triangle, London-based club venue operator Caprice Holdings has bought the property for $100 million, according to property records made public Tuesday. Robert Cayre’s Aurora Capital Associates sold the five-story building at…...
Scale Supplies $45M Construction Loan for Harlem Condos
6+ day, 22+ hour ago (279+ words) Mass Development has landed $45 million of construction financing to build a condominium building in Harlem, Commercial Observer has learned. SCALE Lending, a subsidiary of Slate Property Group, provided the 30-month, floating-rate loan with two six-month extension options for the developer’s…...