RXR Lands $575M For 5 Times Square Conversion: The N.Y. Deal Sheet
... since 2011, when it paid $12.8M to acquire it. *** M&T Realty Corp. originated a $50M mortgage to refinance the ...
Jun 24, 2025
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Why Stephen Palmese Left JLL: To Back Overlooked Developers
... small managed account for a specific strategy?’” he said. “I'm seeing more opportunities on a daily, weekly basis than I ...
Jun 20, 2025
News
Billionaire Property Mogul Ben Ashkenazy Raises $750M For Comeback
... ’s lenders on Union Station. CORRECTION, JUNE 13, 5 P.M. ET: Ashkenazy sold Faneuil Hall in 2024. A previous version ...
Jun 13, 2025
News
Time Equities Makes First NYC Buy In 10 Years With Plans For More
... acquisition, which was financed with a $9.2M mortgage from M&T Bank, is “a little step into the water,” Greenburger ... ’s logic to taking the risk now, Greenburger said. “I'm caught with two thoughts. On the one hand, the regulatory ...
Jun 02, 2025
News
5 Times Square Gets Green Light For 1,250-Unit Conversion
... Office Conversion Accelerator, and it will capitalize on the 467-m tax incentive, according to the mayor's announcement. “The repositioning ... included in the project. UPDATE, MAY 22, 4:55 P.M. ET: This story has been updated with a statement from ...
May 22, 2025
News
Manhattan's Trophy Office Owners Won't Let Tariffs Rain On Their Parade
... just need to manage.” UPDATE, MAY 22, 9:52 A.M. ET: This story has been updated to provide more context ...
May 21, 2025
News
This Week's N.Y. Deal Sheet: Madison Realty Capital Lends $720M On Pfizer HQ Conversion
... PincusCo reported. The new debt comes from M&T Bank through the entity Manufactures And Traders ... has yet to receive permits. *** L+M Development nabbed a $36.9M mortgage from ... $32M mortgage with Goldman Sachs. L+M has owned the 86K SF property since 2016 ...
May 20, 2025
News
'The Crisis Has Already Started': Inside The Finances Of 4,300 Rent-Stabilized NYC Apartments
... someone to take over the portfolio. Earlier this year, L+M Development Partners sued its lender for refusing to take the ...
May 20, 2025
News
Even As Business World Guts DEI, Black Developers Carve A Path Forward
... B. Stuyvesant Champagne’s Navy Yard tasting room. “All I'm doing is the same thing all of my ancestors have ...
May 14, 2025
News
Amazon Buys 600K SF Fifth Avenue Building From RFR
... for $1B in 2020. UPDATE, MAY 2, 1:30 P.M. ET: This story has been updated to include a comment ...
May 02, 2025
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