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Starwood Capital Site To Start Digging This Week
Shovels will soon start digging for a proposed hotel and condo development in the former site of the Donnell Library at 20 W. 53rd Street, reports this week's "Sit-Down" subject Steve Cuozzo. Site of...
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Q&A: Josh Zegen, Madison Realty Capital
Madison Realty Capital has done $1 billion in transactions since it began investing in 2005. The Mortgage Observer spoke to co-founder Josh Zegen about the types of deals Madison, which just closed a...
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Partnership Acquires Bush Tower Leasehold
A partnership between Tribeca Associates and Meadow Partners has acquired a long-term leasehold interest in the 30-story Bush Tower in Midtown Manhattan from American Properties. Terms of the deal,...
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The Bush Push: Tribeca Associates Founder Elliott Ingerman on Bush Tower
Last week, Tribeca Associates, a New York-based real estate firm, announced that it had agreed to acquire the long-term leasehold—for an undisclosed sum—on Bush Tower, a 30-story skyscraper built in...
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Q&A: Peter Sotoloff, Managing Director and Head of Originations at Blackstone...
Mortgage Observer met with Mr. Sotoloff, who BREDS Managing Director and Chief Investment Officer Michael Nash calls ‘employee No. 1.’ He spoke about his experience on both the financing and...
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Gap Takes Nascent Downtown Marriott Retail Space
Clothing chain Gap Inc. has reportedly signed a roughly 18,900-square-foot lease for a three-level space at the upcoming Marriott Residence Inn at 170 Broadway in Lower Manhattan. The store reportedly...
View ArticleUnder Construction: A Look Inside the Renovation of 30 Broad Street in FiDi
In today’s Financial District, there are fewer business suits and expensive neckties and more sneakers and polo shirts. So when Tribeca Associates acquired a 99-year ground lease for 30 Broad Street in...
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Talking Downtown, Hotels and the 1990s With Tribeca Associates’ Bill Brodsky
It was the early 1990s when Downtown leasing broker—and neophyte developer—Bill Brodsky plunked down around $250,000 to buy a 1915 Tribeca building with the notion that he would convert it from rentals...
View ArticleWeWork Nails Down 64K SF of Space on West 42nd Street
Shared workspace provider WeWork, one of the most prolific consumers of office space in New York City, has inked a 64,390-square-foot lease at the historic Bush Tower at 130 West 42nd Street, according...
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Woods Bagot Inks 11K-SF Deal to Relocate Offices to FiDi
Global architecture firm Woods Bagot has signed an 11,000-square-foot lease at 30 Broad Street to move its offices from Midtown, Commercial Observer can first report. The company will occupy part of...
View ArticleCetraRuddy Leaving Soho for Rudin’s One Battery Park Plaza
Architecture and interior design firm CetraRuddy will relocate its New York City headquarters from Soho to the Financial District after signing a 22,894-square-foot lease at One Battery Park Plaza,...
View ArticleLaw firm, Design Agency Take Full Floors at 30 Broad in FiDi
Two tenants have signed deals totaling nearly 12,000 square feet at Tribeca Associates’ 30 Broad Street, Commercial Observer has learned. In one transaction, law firm Kaiser Saurborn & Mair inked a...
View ArticleCommercial Music Production Company JSM Music Relocating to FiDi From Noho
JSM Music, a commercial music production company that has produced numerous Super Bowl commercials and has collaborated with brands including Budweiser, MasterCard, Kraft and Microsoft, is moving even...
View ArticleE-commerce Brand MM.Lafleur Inks Permanent Lease to Keep Bryant Park Showroom
Women’s apparel e-commerce retailer MM.Lafleur is making its pop-up showroom at 130 West 42nd Street near Bryant Park a permanent arrangement after signing a long-term lease at the Midtown building,...
View ArticleUnited Overseas Bank Provides $120M Refi for Bryant Park Office Tower
United Overseas Bank has lent $120 million to Tribeca Associates and Vanke to refinance their office tower at 130 West 42nd Street, property records show. The floating-rate loan refinances roughly $100...
View ArticleUnited Overseas Bank Lends $163M on Starwood’s 1 Hotel at Central Park
Starwood Capital has scored a $162.5 million refinance for its 1 Hotel Central Park at 1414 Avenue of the Americas, property records show. United Overseas Bank provided the debt, which replaces and...
View ArticleTribeca Associates’ Mark Gordon Talks About How He Built the Moxy and...
It was a mall that got Mark Gordon interested in hotels. As a young analyst at Sonnenblick Goldman, a then-prominent real estate investment bank, Gordon was junior on two deals. One was the refinancing...
View ArticleAllianceBernstein Refis Tribeca Associates FiDi Moxy Hotel With $105M Loan
Tribeca Associates nabbed $105 million from global asset management firm AllianceBernstein to refinance its construction debt on the nearly completed Marriott International Moxy Hotel at 143 Fulton...
View ArticleKnotel Grabs Another Nearly 100K SF in Manhattan
Less than a week after nailing down 80,000 square feet around Manhattan, fast-growing coworking company Knotel secured another nearly 100,000 square feet in five buildings, the company announced. In...
View ArticleJapanese Cheesecake Shop Opening First NYC Location in Theater District
Popular Japanese bakery Uncle Tetsu plans to bring its cheesecakes to New York City for the first time later this year, Commercial Observer has learned. Uncle Tetsu signed a seven-year lease for 1,000...
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