NEW YORK CITY-A Hell's Kitchen high-rise residential project closes on $136.5 million in construction financing in the form of tax-exempt and taxable HFA-issued bonds. Singer & Bassuk Organization arranged the funding.
NEW YORK CITY-The McDonald's-owned burrito chain has four leases out and expects to have deals signed within 60 days. Likely first locations include the World Financial Center, St. Marks Place, the Grand Central District and near Columbia University.
NEW YORK CITY-The buyers sell a Brooklyn asset in a 1031 exchange to facilitate the purchase of the Long Island office property, which is adjacent to the Hicksville train station. The seller is a division of Tully Construction Co.
NEW YORK CITY-Upscale bakery shop Mondrian Pastry will open its first Manhattan shop directly across the street from Bloomingdale's. Insignia/ESG brokered the 15-year lease, which is valued at $5.6 million.
NEW YORK CITY-Despite what seemed like the slowest of summers, office building sales numbers are surprisingly strong. Midtown has led the surge, in both volume and pricing.
NEW YORK CITY-The crustacean chain will open a three-level restaurant in a 14,513-sf space at 5 Times Square, the Ernst & Young Building. A major build-out is planned, including a newly constructed mezzanine level.
NEW YORK CITY-Insignia stakes a claim in Canada for the first time through an alliance with Toronto-based J.J. Barnicke Ltd. The firm, to be renamed J.J. Barnicke Insignia, will be I/ESG's exclusive Canadian rep and will have access to the vast Insignia platform.
NEW YORK CITY-KFC, Domino's Pizza and Dunkin' Donuts sign a total of nine leases for new stores in Brooklyn, the Bronx and Queens. Aggregate value of the leases is more than $10 million. NAI Friedland Realty Inc. represented the tenant in all the transactions.
NEW YORK CITY-CBRE Investors beefs up its Corporate Partners Group, renaming it Global Net Lease Partners and bringing on sale-leaseback veteran Steve Olsen to helm the initiative. The unit will focus on properties in the US, UK and Europe.
NEW YORK CITY-The 40,400-sf East 34th Street Heliport currently operates under a month-to-month lease. Now the city wants a 10-year tenant that will make capital improvements to the facility and contribute public amenities to the surrounding area.