New-York News

Deals of the Day: May 8

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Leases

QVC inks lease by Bryant Park

Address: 1450 Broadway, Manhattan
Landlord: ZG Capital Partners
Tenant: QVC
Lease size: 13,357 square feet
Asset type: Office
Brokers: CBRE’s Ramsey Feher represented the tenant. A JLL team led by Mitchell Konsker, Greg Wang, Thomas Swartz and Lance Yasinsky represented the landlord.

Insurance firm takes space at 1 World Trade

Address: 1 World Trade Center, Manhattan
Landlord: The Durst Organization and The Port Authority of New York and New Jersey
Tenant: Venerable
Lease size: 11,000 square feet
Asset type: Office
Brokers: Cushman & Wakefield’s Michael Mathias represented the tenant. Newmark’s David Falk, Peter Shimkin, Hal Stein, Jason Greenstein and Nathan Kropp represented the landlord, along with Eric Engelhardt and Karen Rose in-house.

Online video firm takes space in Flatiron District

Address: 53 W. 21st St., Manhattan
Landlord: West Gramercy Associates
Tenant: PlayPlay
Lease size: 5,000 square feet
Asset type: Office
Brokers: Cushman & Wakefield represented the tenant. The Moinian Group’s Gabriel Whitman and Gregg Weisser represented the landlord, along with Raise Commercial Real Estate.

Sales

Asset management giant picks up a pair of midsize Park Slope rentals

Address: 784 and 786 President St., Brooklyn
Seller: Greenbrook Partners
Buyer: The Carlyle Group
Sale price: $17.8 million
Asset type: Multifamily

Financings

Charlotte developer lands massive construction loan for Link Apartments QPN

Address: 25-01 Queens Plaza North
Owner: Grubb Properties 
Lender: Kennedy Wilson 
Loan amount: $214.5 million
Asset type: Multifamily 
Brokers: CBRE Capital Markets’ Elliott Voreis, Nate Sittema, Kristen Reilley and Owen Hall represented the owner.

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Julianne Cuba, C. J. Hughes, Eddie Small , 2024-05-08 18:55:40

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