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Acquisitions

Real Estate Roundup 7.10.19

Financing 

Glacier Global Partners and Triangle Assets have secured a $205 million loan from Natixis to refinance 10 Jay Street. The debt replaces $150 million in bridge financing provided by ACORE Capital in 2017. Tenants in the 222,000 SF office building include Rent the Runway (83,000 SF) and Soho House (50,000 SF). (CO)

The $17 million non-performing CMBS loan on Thor Equities’ retail property at 1006 Madison Avenue is up for sale. (CO)

USIF schedules foreclosure auction for 125 Greenwich debt. (TRD)

Leasing

Marketing agency Madwell has signed a 22,000 SF office lease at Bushburg Properties’ industrial warehouse at 65-87 Porter Avenue. Asking rent on the deal was $33 per SF. (CO)

Restaurant Calle Ocho inks a 3,700 SF lease at 2756 Broadway, which sits between West 105th and West 106th Streets. Asking rent for the space was $76 per SF. (CO)

Other news 

Bridge Investment Group announced yesterday it has raised $509 million that it is deploying in projects in opportunity zones. (Bloomberg)

Mortgage lender Stearns Holdings files for bankruptcy after agreeing with majority owner Blackstone Group LP to a debt-restructuring plan that will erase more than $180 million in bond debt from its balance sheet. (WSJ)

Billionaire problems… Noam Gottesman insists he has legal parking spot on West Village street, infuriating neighbors who say he created a fake space for himself. (DailyNews)
How unpredictable is your Subway commute. (NYTimes)

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