Barings acquires Garment District hotel from Watermark valued at $73.7M
Barings through the entity West 37th Street Hotel LLC acquired the hotel building (H3) at
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New multifamily projects fall sharply after 421a expiration
Developers filed far fewer projects in the months since the 421a tax exemption expired earlier
LoanCore files to foreclose on $196M loan secured by Midtown East retail, office
UPDATED 2:30 p.m., Oct. 6, 2022: Lender LoanCore Capital filed a pre-foreclosure action against entities
RedHoek+Partners pays $12.5M for adjacent parcels in Gravesend, adds to potential dev site
RedHoek+Partners paid $12.5 million for two adjacent parcels in Gravesend, from two separate sellers in
Apollo Global Management pays $83.5M to Torchlight Investors for hotel in Times Square
Apollo Global Management through the entity Tsq Hotel Owner LLC paid $83.5 million to Torchlight
Regal Ventures pays $35M to Prudential Financial for retail, garage in Hell’s Kitchen
Regal Ventures, formerly known as Regal Acquisitions, through the entity Regal 897 8th Ave LLC
Empire Capital, Namdar pay $72M to AEW Capital for office building in Midtown East
Empire Capital Holdings and Namdar Realty Group through the entity Empire 830 Third LLC paid
$180M pre-foreclosure filed at Jeff Sutton’s 1551 Broadway, loan matured in July 2021
The special servicer for a $180 million commercial mortgage-backed security loan filed a pre-foreclosure action
$7.5M bankruptcy filed in Sunset Park
Developer Bao Zhi Liu filed a chapter 11 bankruptcy petition in U.S. Bankruptcy Court in