Jimmy’s Mustache & Jonathan’s Deals

NGKF president Jimmy Kuhn (right) has grown a mustache, no doubt to be more like Fried Frank real estate chair Jonathan Mechanic. Or it could be to solidify his rock star cred in time for his band Square Feeet’s gig this Thursday at 8:30pm at The Red Lion (151 Bleecker). The pair were snapped at NYU School of Professional Studies Schack Institute of Real Estate’s Evening of Monopoly fundraiser last week. Jonathan is busy with his usual ho-hum megadeals: Anbang Insurance Group’s $2B acquisition of the Waldorf Astoria, Vornado and Crown Acquisitions’ $700M purchase of the retail condo at the base of the St. Regis, and Atlas Capital Group, Square Mile, and USAA’s $357.4M acquisition of LA landlord Evoq.

Avison Young’s Steve Kurtz, with colleague Amanda Saltzman, tells us their firm has signed on with several owners between 23rd Street and Hudson Yards to re-evaluate value and redevelopment potential. Amanda says a lot of the AY investment banking group’s business of late has been arranging capital for development, including a recent $44M construction loan for an apartment project and Senegal consulate on 44th Street between Second and Third.

And here’s Streamline Realty Funding’s Felix Rivera and John Felletter, whose company launched just over a year ago. It finances acquisitions, recaps, and repositionings nationwide, the most recent a $12M bridge loan for a 158-unit Houston apartment building that was falling short on its debt-service but is leasing below market value.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

Charles Cohen Plans $350M Office Project After Resolving Debt Ordeal

Report Finds Hybrid Work Creates New Opportunities For Women In Real Estate

SL Green Selling SoHo Building For $226M

Innovo On Leasing Spree At Multistory LIC Warehouse: The N.Y. Deal Sheet

Center City Office Demand Starts Spilling From Trophy To Class-A Despite Debt Issues

Republican Midterm Convention Could Fill More Than 5,000 Hotel Rooms In Dallas

EXCLUSIVE: Georgia-Pacific Scraps Conversion Plans For Its Atlanta HQ

Y'all Street Powers Trophy Office Momentum In Uptown Dallas

Baby Boomers Help Push Atlanta Medical Space Rents Above Traditional Office

U.S. Office Sales Show 31% Year-Over-Year Growth

Mamdani Administration Applauds Transfer Of 3 Distressed Rent-Stabilized Buildings

Burlington Moving HQ To Philly, Buys Office Building For $240M