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Central Harlem Condo Development Half Sold After First Month on the Market

Central Harlem Condo Development Half Sold After First Month on the Market

About half of the condominiums at L+M Development Partners Inc.’s Central Harlem mixed-use development, The Adeline, have sold in the first month of sales. The community is expected to be completed this fall.…

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Renovation and Rebranding Announced for Holiday Inn New York City Midtown

Renovation and Rebranding Announced for Holiday Inn New York City Midtown

The existing Holiday Inn hotel located at 30-32 West 31stStreet in New York City’s Midtown District is set to be converted into a new Hyatt-branded hotel, as Chesapeake Lodging Trust appointed a Hyatt affiliate to oversee the $6 million renovation and rebranding process.…

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Luxury TF Cornerstone Condo in L.I.C. Reaches Full Occupancy

Luxury TF Cornerstone Condo in L.I.C. Reaches Full Occupancy

The View, a luxury condo in the Queens neighborhood of Long Island City, has reached 100 percent occupancy. Modern Spaces handled sales. …

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SPECIAL REPORT: CMBS Financing to Become More Attractive for Borrowers

SPECIAL REPORT: CMBS Financing to Become More Attractive for Borrowers

CMBS financing terms are becoming increasingly more favorable for borrowers, say panelists at the MBA's Commercial Real Estate Finance/Multifamily Housing Convention and Expo 2014. …

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Ismael Leyva to Design Manhattan Student Housing for School of Visual Arts

Ismael Leyva to Design Manhattan Student Housing for School of Visual Arts

Magnum Real Estate Group has tapped Ismael Leyva Architects to design the new School of Visual Arts dormitory at 407 First Ave. in Manhattan. …

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Stillman and Ceruzzi Plan Manhattan High-Rise

Stillman and Ceruzzi Plan Manhattan High-Rise

Stillman Development International and Ceruzzi Properties acquire 151 E. 86th on Manhattan's Upper East Side with the intent to erect a 21-story condo and retail tower. …

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Mashable Signs 38 KSF Lease to Relocate to 114 Fifth Avenue

Mashable Signs 38 KSF Lease to Relocate to 114 Fifth Avenue

Mashable, the mega-popular tech and social news blog founded in 2005 by Pete Cashmore—yes, the cool entrepreneur who made it to Forbes’ “30 Under 30” list—stroke a deal with L&L Holding company for 38,580 square feet of space at the newly renovated 114 Fifth Avenue in Midtown South.…

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TODAY’S DEALS: Madison Realty Announces Sale of Condo Units for $24.5M

TODAY’S DEALS: Madison Realty Announces Sale of Condo Units for $24.5M

Madison Realty Capital announced the sale of 49 condominium units totaling 64,561 net sellable square feet located in Sheepshead Bay, Brooklyn, N.Y.; and Centerline Capital provides a $4.2 million financing for acquisition and rehab.…

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Magnum/40 North J-V to Develop Student Housing in Manhattan

Magnum/40 North J-V to Develop Student Housing in Manhattan

The School of Visual Arts, one of the largest independently regionally accredited art colleges in the country, will add a new dormitory building to its campus in the Kips Bay neighborhood of Manhattan.…

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TODAY’S DEALS: The Bassuk Organization Closes on $210M Financing for Carlisle’s NYC 80-20 Project

TODAY’S DEALS: The Bassuk Organization Closes on $210M Financing for Carlisle’s NYC 80-20 Project

The Bassuk Organization Inc. announced the closing of a $210 million credit enhancement from Helaba Landesbank Hessen-Thüringen and PNC Bank; and NorthMarq’s Omaha office completed Freddie Mac refinancings totaling $34.1 million.…

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TODAY’S DEALS: George Smith Partners Secures $70M Cash-Out Refinance for Downtown LA Property

TODAY’S DEALS: George Smith Partners Secures $70M Cash-Out Refinance for Downtown LA Property

George Smith Partners provided financing for the takeout of a maturing construction debt; and Edgewood Capital supplies $2.15M for acquisition of non-performing loan.…

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Triangle Equities’ $200 Million Lighthouse Point Adds to Staten Island Wave of Developments

Triangle Equities’ $200 Million Lighthouse Point Adds to Staten Island Wave of Developments

Queens-based Triangle Equities is finally moving on with one of the largest mixed-use projects to be developed on the North Shore of Staten Island since Hurricane Sandy hit the area. Though the New York City Economic Development Corporation (NYCEDC) green lighted the development plans in early 2007, the project faced…

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