Global Holdings gets $330M HSBC loan for 1250 B’way buy

Eyal Ofer’s Global Holdings got a $330 million loan from HSBC Bank for its acquisition of the 39-story office tower at 1250 Broadway. HSBC provided the debt to the Monaco-based mogul for his $565 million purchase of the 721,000-square-foot tower, property records filed with the city Friday show. A representative for HSBC was not immediately […]

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 […]

Brookfield, Urban American mull selling Putnam portfolio

Brookfield Property Partners and Urban American Management are considering the sale of the massive Putnam multifamily portfolio in Upper Manhattan and on Roosevelt Island, The Real Deal has learned. The companies have not yet hired a broker to market the portfolio, which has nearly 4,000 apartments. But sources privy to the talks said they have […]

United American Land buys Soho site for $28M

Call it the corner of Broadway and United American Land. The Soho-based development firm picked up a pair of parcels at 419-423 Broadway in Soho for $28 million. The acquisition gives UAL – headed by brothers Albert, Jason and Jody Laboz – control of three corners at the intersection of Broadway and Canal Street. “It’s a bustling […]

Sugar Hill closes on $84M purchase of 1 Prospect Park West

David Schwartz’s Sugar Hill Capital Partners closed Tuesday on the $84 million purchase of a distressed senior assisted-living facility at 1 Prospect Park West in Park Slope after entering contract almost three years ago, sources told The Real Deal. Over the three-year period, the nine-story, 169,410-square-foot property, known as Prospect Park Residence, has been embroiled in controversy. […]

How secure is Eastdil’s I-sales practice sans Harmon & Spies?

On Thursday afternoon, Eastdil Secured CEO Roy March received the industry’s equivalent of the 3 a.m. phone call. On the line were his star brokers Doug Harmon and Adam Spies, who had catapulted Eastdil to the top of the New York investment sales food chain. The duo informed March they were leaving the firm for […]

ATCO to buy Garment District office building for $108M

ATCO Properties & Management is in contract to buy RPW Group’s 18-story office Garment District office building for $108 million, or about $655 per square foot, sources told The Real Deal. RPW, a Westchester County-based landlord, put the 165,000-square-foot Class B property at 240-246 West 35th Street on the market in June. The building last […]

Prana buys five-building Bronx portfolio for $36M

Prana Investments sunk its teeth into a five-building West Bronx multifamily portfolio for $35.8 million, or about $184 per square foot, sources told The Real Deal. The portfolio consists of three five-story walk-ups and two six-story elevator buildings, largely concentrated in the Fordham neighborhoods. The buildings have a total of 214 apartments and span about […]

Chetrit, Zilberman’s estate sell Bed-Stuy rental for $52M

The Chetrit Group and the estate of late developer Henry Zilberman sold a 72-unit Bedford-Stuyvesant rental building to Brooklyn investors Mordechai Spira and David Katz for $52.4 million, or about $490 per square foot, according to property records filed with the city Monday. Chetrit and Zilberman had developed the six-story, 107,000-square-foot property at 756 Myrtle […]

Sun Equity, Heskel Group pay $27M for Jackson Heights site

Sun Equity Partners and the Heskel Group is planning a new 160,000-square-foot building on a Jackson Heights site that currently houses a former movie theater, sources told The Real Deal. The firms recently acquired the property on the site at 40-31 82nd Street for $27 million. The new building is expected to hold more than […]