L+M lands $53M construction loan for East Village rental

L+M Development Partners scored a $52.8 million loan from TD Bank for the construction of its rental project at 79 Avenue D in the East Village. The loan is backed by the New York State Housing Finance Agency, which issued $52.8 million in tax-exempt and taxable housing revenue bonds purchased by TD Bank, according to […]

Yeshiva sells Cardozo housing in Greenwich Village for $58M

A subsidiary of South Florida-based investment firm Pebb Capital is breaking into New York City’s bulk condominium and co-op market with a new $58 million purchase. Pebb’s subsidiary, Collegium Capital Partners, picked up 98 apartments – a mix of condos and co-ops – at a two-building Greenwich Village complex from Yeshiva University’s Benjamin N. Cardozo School […]

Joe Aquino’s lawsuit against Elliman is dismissed

A judge has dismissed a lawsuit brought by onetime Douglas Elliman retail broker Joe Aquino against his former employer, claiming the company had withheld $1 million in commissions to pay for his former partner Faith Hope Consolo’s extravagant lifestyle. The suit, brought by Aquino in March against Elliman and Consolo, alleged that his commissions went […]

Major League Baseball scores Midtown South sublease for digital team

Major League Baseball is enjoying a must-watch World Series in Cleveland and Chicago. Here in New York City, MLB continues to make plays, too. Fresh off finalizing its lease for a new 400,000-square-foot headquarters on Sixth Avenue, the league took two floors of sublease space from Twitter in Midtown South for its digital arm MLB […]

Crystal installation fills windows at Sony Building

Olayan America is teaming with Parsons School of Design and Swarovski to glitz up the former Sony Building at 550 Madison Avenue. Unveiled today, the installation takes up six street-level windows in the iconic Philip Johnson building. Fashion students from Parsons worked with Swarovski, the luxury crystal brand, to decorate the windows along Madison Avenue, […]

Yeah, brah: Two Trees puts in its claim for coolest office amenity with indoor skate park

Ping pong tables and kegs? So 2013! Jed Walentas of Two Trees Management is wooing prospective tenants for the revamped Domino Sugar Refinery with the potential of an indoor skate park (!) and customizable interiors designed by Beyer Blinder Belle. Back in May, Walentas said he was looking for looking for “creative” companies to anchor […]