HUDSON REALTY CAPITAL’S $520 MILLION IN ORIGINATIONS AND LOAN PORTFOLIO ACQUISITIONS CREATE MOMENTUM FOR...
NEW YORK, N.Y. - January 11, 2012 - (RealEstateRama) -- Hudson Realty Capital LLC, a real estate fund manager with more than $2 billion of assets currently under management, funded more than $120 million in new originations and $400 million in loan portfolio acquisitions in the past 12 months. The Manhattan-based company also held the final close of its fifth fund, which netted a high-end fundraising goal of $250 million, in December.
New York, NY - November 28, 2011 - (RealEstateRama) -- SL Green Realty Corp. (NYSE: SLG) announced today that it will host its Annual Institutional Investor Conference on Monday, December 5, 2011.
NEW YORK CITY, NY - November 2, 2011 - (RealEstateRama) -- Popular women’s fashion brand Pookie & Sebastian will open its fifth Manhattan location (and third on the Upper East Side) according to Peter Braus, executive vice president at Sierra Realty Corp, the managing agents for the building, 794 Lexington Avenue.
New York, NY - October 11, 2011 - (RealEstateRama) -- In an effort to spotlight the need for good jobs and to restore fairness to the economy, hundreds of office cleaners, along with elected leaders, union supporters and groups such as the Occupy Wall Street protesters will march and rally Wednesday to the New York Stock Exchange.
NEW YORK, NY - September 15, 2011 - (RealEstateRama) -- Jones Lang LaSalle today announced the firm’s Capital Markets experts have closed the sale of 5000 Corporate Court in suburban New York for Piedmont Office Realty Trust. An institutional investor purchased the Class A Suffolk County office property for $39,250,000.
WESTBURY, N.Y. - August 26, 2011 - (RealEstateRama) -- A private New York City-based company has acquired 1600 Stewart Avenue, a 220,000-square-foot office building. Cushman & Wakefield, Inc.'s Metropolitan Area Capital Markets Group (CMG) represented the undisclosed seller and procured the buyer.
New York, NY - August 24, 2011 - (RealEstateRama) -- PCCP, LLC announced today it has provided a $23.75 million senior loan to Bala Cynwyd, PA-based Keystone Property Group. The loan facilitated the recapitalization of a five-building Class A office complex totaling just over 228,000 square feet within Sentry Park West in Blue Bell, PA (suburban Philadelphia). Keystone Property Group acquired the property in 2004. Located at 1777 Sentry Parkway West, the asset is situated near two major thoroughfares, the Pennsylvania Turnpike and Interstate 476
New York, NY - August 17, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail-specialized investment sales and advisory firm, along with Faris Lee Capital, has completed the $18 million recapitalization of a 200,000-square-foot retail center in Normal, IL on behalf of the owner, The Dial Companies, a large Midwest developer. Built in 2007, the center’s anchor tenants include Schnucks Grocery and a 14-screen Starplex Theater. The center is currently 70 percent occupied and has 12 outparcels available for future sale, lease or development
Paramount Group Successfully Completes The Recapitalization Of 1633 Broadway And Increases Its Stake In...
New York, NY - August 3, 2011 - (RealEstateRama) -- Paramount Group, Inc., New York’s largest privately held international real estate investment and management firm, has recapitalized a 49 percent interest in its 1633 Broadway office tower. Affiliates of Morgan Stanley and Bank of America have exited the partnership and have been replaced by affiliates of Beacon Capital Partners, LLC and Paramount Group Real Estate Fund IV. SL Green Realty Corp. (NYSE:SLG) acquired a preferred equity interest as well. Paramount Group Real Estate Fund I retains its 51 percent controlling interest in the 2.5 million- square-foot Class A office tower where Paramount Group is headquartered. The prestigious tenant roster includes, Allianz, Time Warner, Deloitte LLP, Morgan Stanley, Dickstein Shapiro and Kasowitz, Benson, Torres & Freedman LLP
CHICAGO, IL - July 28, 2011 - (RealEstateRama) -- Jones Lang LaSalle Hotels today reported that the volume of hotel investment transactions that closed in the Americas market in the first six months of 2011 reached $7.4 billion—a robust increase of approximately 180 percent on the same prior-year period. The numbers represent preliminary totals from Jones Lang LaSalle Hotels’ Hotel Investment Highlights Americas report due to be released later this month. The firm’s research tracks hotel asset transactions in excess of $10 million, and excludes note sales, recapitalizations and foreclosures.
NEW YORK, NY - July 12, 2011 - (RealEstateRama) -- Cushman & Wakefield today announced it has been retained as the exclusive retail leasing agent for “The Corner at Wall Street,” a 178,000-square-foot block of prime retail space located at 23 and 35 Wall Street and 15 Broad Street in downtown Manhattan’s Financial District.
Yonkers Mayor Amicone, Westchester County Executive Astorino, and L+M Development Partners Inc. Celebrate the...
Yonkers, NY - June 27, 2011 - (RealEstateRama) -- Mayor Philip A. Amicone, Chairman of the Yonkers Industrial Development Agency (IDA) joined Westchester County Executive Rob Astorino, city and county legislators and Ron Moelis the CEO of L+M Development Partners Inc. (L+M) for the ceremonial opening of 330 Riverdale, a brand new, multifamily housing development in Yonkers.
NEW YORK, NY - June 21, 2011 - (RealEstateRama) -- Giles Wrench, who heads the international desk for Jones Lang LaSalle in New York, has been promoted to international director. He joins the firm’s select group of international directors who are recognized for delivering exceptional results for clients and driving the firm’s growth
New York, NY - June 8, 2011 - (RealEstateRama) -- SL Green Realty Corp. (NYSE: SLG) today announced that the Company's executive management team, led by Marc Holliday, Chief Executive Officer, will make a presentation at the NAREIT REIT Week 2011 Investor Forum on Wednesday, June 8, 2011 at 2:15 p.m. EDT. The presentation will be simultaneously webcast, in a listen-only mode, on the Company's website at www.slgreen.com in the investor section under the "Event Calendar & Webcasts" tab.
April 121, 2011 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced that STEVEN BYERS, the former president and chief executive officer of the private equity firm WexTrust Capital, LLC (“WexTrust Capital”), was sentenced today to 160 months in prison on charges stemming from a fraud that raised more than $9 million from investors in private placement real estate offerings. BYERS, 48, was sentenced in Manhattan federal court by U.S. Court of Appeals Judge DENNY CHIN.
NEW YORK, NY - March 28, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced today that it has hired Wall Street veteran Kellogg Gaines to the firm’s Americas Capital Markets business as part of firm’s overall expansion of its dedicated Real Estate Investment Banking expertise. Gaines joins as a Managing Director in the New York office where he will work with Co-Heads and Executive Managing Directors Tom Fish, Tom Melody and Mike Melody to lead the firm’s debt and equity sourcing and loan origination business in the New York region.
BUFFALO, NY - January 13, 2011 - (RealEstateRama) -- Jones Lang LaSalle today announced it has closed the sale of the landmark corporate headquarters of HealthNow New York, Inc, the parent company of BlueCross BlueShield of Western New York for Duke Realty. Cole Real Estate Investments purchased the 430,458-square-foot, Class A office building located in Buffalo, New York. HealthNow will continue to lease the newly constructed LEED Silver Class A property through July 2024
New York, NY - January 10, 2011 - (RealEstateRama) -- SL Green Realty Corp. (NYSE: SLG) today announced it has purchased City Investment Fund (CIF)'s 49.9% interest in 521 Fifth Avenue, thereby assuming full ownership of the building. The transaction values the consolidated interests at $245.7 million or approximately $502 per square foot.
New York, NY - December 2, 2010 - (RealEstateRama) -- In the latest sold-out session of The Real Estate Board of New York’s (REBNY’s) New York Residential Specialist (NYRS) course, 29 leading real estate agents earned the esteemed NYRS designation last month. The elite set with the credential, which denotes that a broker has received the highest level of education available, is made up of a powerful peer group committed to ethical behavior and professional excellence in sales and marketing. The growing numbers of NYRS graduates, which now total more than 150, demonstrates REBNY brokers’ commitment to raising the bar
NEW YORK, NY - September 14, 2010 - (RealEstateRama) -- Antoinette Hodgson pleaded guilty today to conspiracy to commit wire fraud in connection with her operation of a $45 million Ponzi scheme that fraudulently solicited investments in real estate from more than 20 New York and New Jersey investors, announced Preet Bharara, U.S.
BUFFALO, NY - July 19, 2010 - (RealEstateRama) -- Mayor Byron W. Brown today was joined by Congressman Brian Higgins, and Jordan Levy and Larry Quinn of the Erie Canal Harbor Development Corporation to announce a community development agreement that will bring investment and job creation to the city’s emerging waterfront and its traditional neighborhood commercial districts.
Congressman Edolphus “Ed” Towns, Taconic Investment Partners And Fillmore Real Estate Save 45 Families’...
BROOKLYN, NY - June 11, 2010 - (RealEstateRama) -- Today, Congressman Edolphus "Ed" Towns will be joined by more than 45 grateful low to moderate income families outside of the MeadowWood at Gateway complex who were in danger of losing Federal Housing Administration (FHA) loans to purchase their dream homes --but the much-need mortgage option was saved, thanks to the intervention of Rep.
Citibank Sponsored Event United Seven Upper Manhattan Small Business Support Groups. New York, NY - April 14, 2010 - (RealEstateRama) — The Harlem Community Development Corporation (Harlem CDC), in partnership with leading small business development organizations, hosted a small business conference at the Gospel Uptown Supper Club on Saturday, April 10th.
Harlem Community Development Corporation (HCDC) and Citibank are hosting "Doing Business Uptown,"a Small Business Conference aimed at introducing entrepreneurs to small business resource providers with a proven track record of developing firms in Upper Manhattan.
JERICHO, NY - February 1, 2010 - (RealEstateRama) -- Despite a tight lending market, Metropolitan Realty Associates, the owner of the Sunrise Business Center in Great River, and its equity partner Angelo, Gordon & Co., LP. have successfully negotiated an extension of their mortgage on the 388,500-square-foot Class A office complex, President Joseph A. Farkas announced today.