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November 27, 2024

Queens Soccer Stadium Lands Critical Loan Amid Questions About Economic Impact

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A soccer stadium in Queens that has been years in the making made several strides forward this week, landing a construction loan, releasing new renderings and announcing a new name for the facility.

Willets Point Soccer Stadium Lands Critical Financing Amid Questions About Economic Impact

The proposed new home of Major League Soccer's New York City Football Club, a long-awaited 25,000-seat stadium on Willets Point that is part of a larger development expected to yield thousands of affordable housing units, has been in the works…

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This Week’s N.Y. Deal Sheet: SL Green Snaps Up Park Avenue Office For $130M

This Week’s N.Y. Deal Sheet: SL Green Snaps Up Park Avenue Office For $130M  

SL Green Realty is the proud new owner of a landmarked, 11-story office building at 500 Park Ave.

The real estate investment trust bought the Class-A office building, which spans 201K SF and sits on the corner of 59th Street and Park Avenue, from Morgan Stanley for $130M, according to a release.  The office property, which was built in 1960 as Pepsi-Cola’s headquarters, is now a…

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Nightingale's Elie Schwartz To Face Federal Charges As Soon As Next Week

Nightingale's Elie Schwartz To Face Federal Charges As Soon As Next Week  

Nightingale Properties CEO Elie Schwartz is expected to face federal criminal charges next week for his role in allegedly embezzling $54M from crowdfunding investors.

Schwartz is scheduled to be arraigned the morning of Dec. 4 in the U.S. District Court for the Northern District of Georgia, Bisnow has learned.  U.S. Magistrate Judge Regina Cannon confirmed in a phone call Tuesday afternoon that she is scheduled to hear the Department of Justice bring charges against…

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Floyd Mayweather Jr. Continues Real Estate Acquisition Spree With $100M JV Investment

Floyd Mayweather Jr. Continues Real Estate Acquisition Spree With $100M JV Investment  

Former boxer Floyd Mayweather Jr. is building on his recent real estate investments by forming a real estate firm that will invest $100M in a luxury rental portfolio as part of a joint venture.

Mayweather is investing $100M in equity to partner with Go Partners on the $3B portfolio, The Real Deal reported, citing a source familiar with the deal. The joint venture is between Go and Vada Properties, Mayweather’s new firm that will be based in Trump Tower in…

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