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The Real Deal NYC

Trinity buys Tishman Speyer’s 375 Hudson, lands $400M loan

Trinity Real Estate bought Tishman Speyer’s leasehold on the office building at 375 Hudson Street for an undisclosed amount, sources told The Real Deal. The church, which already owns the land under the building, funded the acquisition with a $400 million, 10-year fixed-rate loan from a Goldman Sachs affiliate. Trinity, the real estate arm of Trinity Church, and Tishman Speyer could not immediately be reached for comment, but a source close to the religious organization […]

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Kamber to pay $50M for Riverside South garages

Kamber Management agreed to buy three Upper West Side parking garages from an unnamed European trust for $50 million. The garages at 80, 100-120 and 220-240 Riverside Boulevard are part of the Trump Place-Riverside South development, the Commercial Observer reported. The seller paid $44.5 million for the properties in 2010. The majority of the spaces (475) are at 220-240 Riverside Boulevard. Meridian Investment Sales brokered the deal. Last year, Sam Zell’s Equity Residential made headlines […]

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Icon Realty Management at center of tenant harassment probe

Icon Realty Management is being investigated by a joint state-city task force focused on preventing tenant harassment, The Real Deal has learned. The task force has been looking into several complaints of tenant harassment while holding talks with the Noho-based real estate investment firm, according to sources familiar with the negotiations. The task force consists of the New York Attorney General’s office, the New York City Department of Housing Preservation and Development, the city Department […]

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Another Jehovah’s Witnesses property sells, this time for $18M

Jehovah’s Witnesses just keep on selling. The religious organization has parted ways with another of its Brooklyn properties. This one, located at 119 Columbia Heights, went to Hawkins Way Properties for $18 million, according to documents filed with the city on Wednesday. The move is the latest in a long line of Brooklyn sales for Jehovah’s Witnesses. Developer Jeffrey Gershon entered into contract to buy the group’s building at 74 Adams Street for $60 million […]

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RPA dreams up $10B ideas for two major NYC infrastructure projects

The Regional Planning Association has pitched two major transit projects aimed at coping with an influx of commuters and the city’s aging infrastructure. The think tank recommended creating another bus facility in the basement of the Jacob K. Javits Center, which is currently undergoing a $1.5 billion expansion. Creating another facility, the RPA posits, would increase capacity and allow the Port Authority of New York and New Jersey to renovate its existing bus terminal on […]

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Hamptons Cheat Sheet: Developer takes plea deal for death of Elliman broker, East Hampton spec home gets $20M price cut … & more

  Developer takes plea deal for Sag Harbor crash that killed an Elliman broker  Sean Ludwick could get up to nine years in prison after he pleaded guilty to aggravated vehicular homicide, leaving the scene of a fatal accident and aggravated DWI in a crash that killed Douglas Elliman broker Paul Hansen. Hansen had been in the passenger’s seat of Ludwick’s Porsche when it crashed in Sag Harbor in August 2015. Prosecutors said Ludwick, a […]

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Effort to landmark site of planned 40-story NoMad tower shot down

Landmarks Preservation Commission shot down an effort by elected officials and preservationists to landmark a building in NoMad that Cottonwood Management plans to tear down and replace with a 40-story condominium tower. State Senators Brad Hoylman and Liz Krueger last month wrote to Landmarks and asked it to consider landmarking the Kaskel & Kaskel Building at 316 Fifth Avenue, which Cottonwood bought in 2016 for $19.3 million. Commission chair Meenakshi Srinivasan replied that Landmarks had […]

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Real estate’s top players to join TRD in Shanghai this November

The Real Deal is gearing up for our most exciting U.S. Real Estate Showcase and Forum yet — and some of the industry’s biggest names are joining us for the ride in China. Bruce Mosler, Nick Mastroianni (U.S. Immigration Fund), Charles Bendit (Taconic Investment Parnters), Bentley Zhao (New Empire Real Estate), Kobi Karp (Kobi Karp Architecture), Wendy Cai-Lee (Oenus Capital), Chris Wein (Great Gulf), JD Parker (Marcus & Millichap), Nikki Field (Sotheby’s International) and Shahab Karmely (Kar […]

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TRData is your one-stop-shop for NYC real estate research. Tell us what you want to see more of

A month ago, TRData launched a new data service allowing readers of The Real Deal to download invaluable information about New York City real estate. So far we’ve released packages ranging from a ranking of title insurers to a detailed Williamsburg market report. We’ve received some helpful feedback and now we want to hear from you. Are you a broker who wants to see more reports on specific neighborhoods? Are you a developer who wants to […]

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Developers score $36M loan for a really tall Williamsburg building that definitely won’t house a porno theater

UPDATED, 3:14 p.m. August 16: The tallest building coming to Williamsburg (that isn’t on the waterfront) just got $35.5 million in financing. The 19-story, 230-foot tall project, which comes from Yoel Werzberger and Watermark Capital Group, would be located at 321 Wythe Avenue, and it received its financing from Bank Leumi USA, according to documents filed with the city on Tuesday. The residential building is located on leased land owned by the Parish of Saints Peter […]

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