NEW YORK CITY-Belfonti Capital acquires 485 Fifth Ave. Partnering with the Carlye Group, the firm will develop a condominium complex on the site near Bryant Park. The total project cost is anticipated to be $160 million.

NEW YORK CITY-Belfonti Capital acquires 485 Fifth Ave. Partnering with the Carlye Group, the firm will develop a condominium complex on the site near Bryant Park. The total project cost is anticipated to be $160 million.

NEW YORK CITY-Cofinance Inc. acquires a 73,500-sf, four-story building at 227 West 61st St for $31.2 million from Maxim Properties. Leased to the New York City Board of Education through 2010, the site is zoned residential and the new ownership plans to construct a residence on the site once the lease is up.

NEW YORK CITY-The Moinian Group repays a $135-million construction loan on its 452,000-sf residence called the Marc with $155 million in permanent credit enhancement and mezzanine financing.

NEW YORK CITY-The Moinian Group repays a $135-million construction loan on its 452,000-sf residence called the Marc with $155 million in permanent credit enhancement and mezzanine financing.

NEW YORK CITY-The Ackman-Ziff Real Estate Group inks a 10-year deal that more than doubles its presence at 110 East 42nd St. The capital advisory firm has called the site home for nearly 50 years.

NEW YORK CITY-And yet another condo conversion project is in the works here. Broad Street secures financing to acquire and convert one Upper East Side asset into a condominium and acquire a rental property.

MELVILLE, NY-The REIT's LPT is on target to begin trading on the Australian Stock Exchange next week. In the tranche I closing, the LPT purchased a 75% indirect interest in 17 suburban core plus office properties for $367 million.