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[30 Jul 2014 | No Comment | ]

Meridian announced the following transactions:
• New mortgages totaling $49,240,000 were placed on nine multifamily properties composed of 585 units located on Audubon Avenue, Arden Street, Kings Highway, Bay Parkway, Glenwood Road, Hunts Point Avenue, Valentine Avenue, Claflin Avenue and Weeks Avenue in New York, Brooklyn, and the Bronx, NY. The loans feature rates of 2.75% and four-year terms. These transactions were negotiated by Morris Diamant and Ben Piller.
• A new mortgage in the amount of $18,000,000 on a six-story, 42-unit multifamily property on Third Avenue in New York, NY. The …

Deals & Dealmakers »

[30 Jul 2014 | No Comment | ]
7 Bryant Park earns city’s first pre-wired certification

Hines announced that 7 Bryant Park, its 30-story, 470,000 s/f signature office tower, has become the first Wired Pre-Certified building in New York City, earning a Platinum certification — the highest attainable.
The certification follows a third party audit by technicians from WiredNYC, a program developed by the New York City Economic Development Corporation that evaluates and certifies the connectivity quality of commercial buildings.
It means that tenants at 7 Bryant Park, which is set to be delivered to the market in the first quarter of 2015, can have confidence that the …

Deals & Dealmakers »

[30 Jul 2014 | No Comment | ]
Health-tech upstart expands into Spring space

Flatiron Health Inc., a New York City-based healthcare technology company that recently raised $130 million in a Series B financing round, is relocating its headquarters and expanding its office space by 12,000 s/f.
The company’s new lease of 15,000 s/f comprises the entire 7th and 8th floors of 96 Spring Street.
Flatiron was represented by global commercial real estate services firm, Savills Studley.
Flatiron Health currently occupies 3,000 s/f at 291 Broadway and expects to relocate immediately in order to accommodate a wave of recent hires, nearly quintupling its Manhattan real estate footprint.
Savills …

Deals & Dealmakers »

[30 Jul 2014 | No Comment | ]

Mack-Cali Realty Corporation and CBRE Group, Inc. announced that CBRE has been selected as exclusive office and retail leasing agent for the developer’s transformation of Harborside, the mixed-use office complex in Jersey City.
The CBRE team of Lee Cross, Suzanne Macnow, Gerry Miovski, David Opper, Mark Ravesloot, Arkady Smolyansky and Peter Turchin will represent Harborside’s office component, while Jay Miller and Marta Villa will represent the retail space.
Mack-Cali plans to detail its vision for Harborside, including substantial renovations involving the re-design of interior common areas, outdoor public spaces, as well as …

Deals & Dealmakers »

[30 Jul 2014 | No Comment | ]

The Chart Group, a Manhattan-based financial services company, will soon relocate from the Rockefeller Center submarket to ATCO Properties & Management’s 555 Fifth Avenue, a 20-story, boutique office property in Midtown.
The merchant banking firm has taken a 7-year, 6,973 s/f lease comprising a portion of the 19th floor and the entire 20th floor at the LEED Silver certified office building, located on the southeast corner of East 46th Street.
Founded in 1994 and headquartered in New York City, the Chart Group sponsors alternative investments and provides advice and capital access to …

Deals & Dealmakers »

[30 Jul 2014 | No Comment | ]
Cassidy Turely team leads tech firm to full floor at 11 Times Square

SJP Properties announced that the St. Louis-based tech company, Answers Corporation, has signed a new office lease to occupy the entire 11th floor at 11 Times Square.
The building is owned by a joint venture of SJP Properties and investors advised by Prudential Real Estate Investors.
Answers is best known for its digital media property, Answers.com, which has the largest Q&A community on the web.
Answers also powers a marketing technology platform that helps brands and organizations measure and improve the multichannel customer experience.
The company will take a total of approximately 29,000s/f at …

Deals & Dealmakers »

[30 Jul 2014 | No Comment | ]
292 Mad enters phase two of reboot

The second phase of the marketing program at 292 Madison Avenue, the technology corridor office tower on the southwest corner of 41st Street, has begun with a new office leasing team from Cushman & Wakefield, comprising Harry F. Blair, executive director, Sean N. Kearns, senior director, and Heather Thomas, leasing associate.
During the first phase of the program, which included major infrastructure upgrades, lobby and common area renovations, and the introduction of contemporary pre-built offices designed by the Mufson Partnership, the building welcomed a host of new technology tenants, such as …

Deals & Dealmakers »

[30 Jul 2014 | No Comment | ]

● mark zborovsky
Patience pays off for Cheshire Group
The Cheshire Group has sold 45 sponsor condos at 225-255 Eastern Parkway in Crown Heights to an unknown buyer for $16.5 million.
The units, spread over two pre-war buildings, were converted into condos in 2005, but are occupied by rent-stabilized tenants and can’t be sold until these tenants move out.
Broker Mark Zborovsky, who represented both seller and buyer in the deal, said the units’ vacant market value is $45 million, meaning they sold for about one third of what they would have fetched if …

Deals & Dealmakers »

[30 Jul 2014 | No Comment | ]
NGKF brings stand-out space  on Greenwich Ave. to market

One of the most coveted and successful storefronts on tony Greenwich Avenue in Greenwich, CT, has come available for the first time in nearly two decades.
Retail experts with Newmark Grubb Knight Frank have been given the exclusive assignment for 239 Greenwich Avenue by owners Acadia Realty Trust and Aberdeen Properties Inc.
Former tenant, Restoration Hardware, moved to a larger outpost down the street in the former home of the Greenwich Post Office.
The space was home to RH for 16 years and, before that, D. W. Rogers Department Store for nearly a …

Deals & Dealmakers »

[30 Jul 2014 | No Comment | ]

SL Green Realty Corp announced that Infor, one of the world’s largest business software companies serving more than 70,000 customers, has leased the penthouse duplex covering 21,802 s/f at 635-41 Avenue of the Americas.
This most recent expansion by Infor increases their commitment at the building to 114,991 s/f.
The two-building complex located between 19th and 20th streets is currently being re-developed into a single combined property.
Located in Manhattan’s Midtown South submarket, the area is known for its concentration of Internet, technology, advertising and media companies.
“The office portion of the 271,000-square-foot property …

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