Naftali Credit Partners, a subsidiary of Naftali Group, a privately held, global real estate development and investment firm has closed $62 million construction loan for 208 Delancey St., a 12-story boutique luxury condominium development located on Manhattan’s Lower East Side, the firm’s CEO and Chairman Miki Naftali announced.
Manolo Blahnik has entered a lease agreement for its new flagship store on 717 Madison Ave. in Midtown. Newmark Knight Frank brokered the transaction for the store set to open in 2020.
Somera Road acquired the defaulted loans on the property in October 2018, took title of the property in June 2019 and closed on majority and controlling ownership this month, replacing its prior capital partners.
Infinity Real Estate landed a $20.5 million floating-rate loan for the acquisition of the Shops at Richmond Avenue.
NEW YORK CITY- Project REAP, a national diversity and inclusion initiative program geared toward commercial real estate, is working to shift the makeup…
The recent transactions in New Jersey include space at the Morris Hills Shopping Center, 3035 US 46 in Parsippany (5,100 square feet) and Woodbridge Crossing, 465 Greene St. in Woodbridge (5,642 square feet).
Midtown East has undergone a period of changes since its rezoning in 2017. The change that is happening has spiked real estate values, for instance, 242 East 58th St. in the Midtown East submarket has recently changed hands, selling for $11.5 million, $500,000 higher than the original asking price.
Benenson Capital Partners and Mack Real Estate have secured an $81 million refinancing for the construction loan on 433 East 13th St. in the East Village, a mixed-use property dubbed the “Eve”.
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