Paramount, Savanna take stake in Harbor Group’s 55 Broadway

Paramount Group and Savanna took a minority stake in Harbor Group International’s 55 Broadway, in a deal that values the Financial District office building at $215 million, or roughly $600 per square foot, sources told The Real Deal. The investors’ stake is preferred equity as opposed to common equity, which is far more prevalent in […]

City eyeing 160K sf lease at Savanna, Hornig’s Bushwick office conversion 

The city’s Human Resources Administration is in talks to lease roughly 160,000 square feet of office and retail space at the former Schlitz Brewery bottling factory in Bushwick. The agency is negotiating to lease the entirety of 95 Evergreen Avenue, the former plant that Savanna and Hornig Capital Partners recently converted into office space, Crain’s […]

Savanna’s plans for DoBro rental tower hit snag

141 Willoughby Street in Downtown Brooklyn (inset: Christopher Schlank) Officials on Wednesday rejected zoning changes needed to clear the way for Savanna’s planned 49-story luxury apartment tower in Downtown Brooklyn. Community Board 2’s Land Use Committee threw out zoning changes that would have allowed the developer to increase the size of its planned apartment building […]