This Week's NY Deal Sheet
Halloween may be over, but the scares are still here. Both sales and leases had poor showings last week, while loans remained strong.
TOP LEASES
MKP Capital Management has renewed its three-floor, 26k SF lease at SL Green Realty’s 600 Lexington Ave (pictured). Savills Studley's John Mambrino and Evan Margolin repped MKP, while SL Green's Larry Swiger repped the landlord in-house.
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Saks Off 5th signed a 25k SF lease at 200 Baychester Ave in the Bronx, its first location in the borough. Katz & Associates' Brian Katz repped Saks, while Welco Realty's Jerry Welkis and Etan Shalem repped landlord Prestige Properties & Development.
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Modell’s Sporting Goods signed a 20k SF, 10-year lease for three floors at the Rudin Family's 845 Third Ave. Rudin Management's Robert Steinman repped the landlord in-house, and dealt directly with the sporting goods retailer.
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Industrious NYC has signed a 15-year, 17k SF lease for its first Manhattan location at SL Green's 215 Park Ave South. CBRE's Keith Caggiano and Roshan Shah repped Industrious NYC, while SL Green’s Gary Rosen and Howard Tenenbaum repped the landlord in-house.
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Deli and grocery chain Bread & Butter signed a 13k SF, 15-year lease for its third NYC location at APF Properties’ 24-26 West 57th St. CBRE’s Anthony Stanford and Amira Yunis repped both sides of the deal.
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Lightstone Group has signed a 10k SF, 10-year lease at 375 West Broadway. Brokers on the deal are not currently known.
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Los Angeles-based designer Crew Knitwear signed a 6,700 SF lease to expand its showroom at 530 Seventh Ave. Savitt Partners’ Nicole Goetz, Bob Savitt and Brian Neugeboren repped the tenant and landlord in-house.
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ValuePenguin signed a 10-year, 6,370 SF lease for the fifth floor of Thor Equities' 81k SF 597 Fifth Ave. Douglas Elliman’s Anita Grossberg repped ValuePenguin, while Thor’s Adam Rappaport repped the landlord in-house with Colliers International's Christel Engel and Robert Gallucci.
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MMR Research Worldwide signed a five-year, 5,909 SF lease for the entire eighth floor of the Kaufman Organization's 15 West 27th St in NoMad. Kaufman Organization's Michael Heaner, Grant Greenspan and Elliot Warren repped the landlord in-house, while Velocity Real Estate's Jake Cunningham repped MMR.
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Marketing, branding and product design company In Record Time signed a 5,202 SF lease at Newmark Holding’s 25-story 505 Eighth Ave. Newmark's Allen Gurevich repped the landlord in-house, while Newmark Grubb Knight Frank’s Chris Mongeluzo and Corey Borg repped the tenant.
TOP SALES
The Dermot Co and Rockwood Capital acquired 250 East Houston St (pictured) in the East Village for $100M. The seller isn't currently known.
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Goodrich Management sold an eight-building portfolio in Gowanus to Joyland Management for $35.1M.
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The Salvation Army sold 176 Bedford Ave in Williamsburg to Thor Equities for $30M.
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CB Developers sold 254 East 2nd St in the East Village to Abro Management for $28M.
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Omek Capital sold 36 West 10th St in Greenwich Village to Apercen Partners for $22M.
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A medical group sold 407 East 70th St in Lenox Hill to ABS Partners and Benenson Investment Co for $17M.
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East Manhattan Holdings sold 1291 3rd Ave on the Upper East Side to Mermel Associates for $15M.
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The Bajaktari family sold 530 West 136th St in Hamilton Heights to Steeplechase Design for $14.5M.
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Michael and Martin Krasne sold three retail buildings at 1805-1817 Avenue U and 2073 East 18th St to Soon Lee’s 325 Realty for $12M.
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Cerium sold 137 West 19th St in Chelsea to Big Apple Properties' David Ohebshalom for $10.5M.
Sales data provided courtesy of Reonomy.
TOP FINANCING DEALS
Deutsche Bank closed on two loans—$304M and $146M—to the Related Cos for 530 West 33rd St (aka Hudson Yards, pictured) in Midtown West. Although the loans were first arranged last December, they weren't closed until last week.
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Goldman Sachs closed on a $270M loan to the Denihan Hospitality Group for 303 Lexington Ave in Midtown East.
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Citigroup closed on a 10-year, fixed-rate, $200M refinancing to The Swig Co and Himmel + Meringoff for 8 Times Square in Midtown.
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Bank of America closed on a $140M loan to Pebblebrook Hotel Trust for 371 Seventh Ave in Midtown South.
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Morgan Stanley closed on a $108M loan to HUSA Management Co for 300 West 125th St in Central Harlem.
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Jefferies LoanCore closed on a $71M loan to CB Development for 101 Ludlow St on the Lower East Side.
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BBVA Compass closed on a $58M loan to The Dermot Co and Rockwood Capital for 250 East Houston St in the East Village.
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Rockland Trust Co closed on a $50M loan to Elmhurst Dairy for 155-59 South Road in South Jamaica.
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JPMorgan Chase closed on a $39M loan to real estate investor Ashok Mehra for 19 West 21st St in Flatiron.
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Madison Realty Capital closed on a $38M loan to Wythe Berry LLC for 121 North 12th St in Greenpoint.
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Fortress Investment Group closed on a $36M loan to Joyland Management for the 12th Street extension in Crown Heights.
Financing data provided courtesy of Reonomy.
