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Acquisitions

Real Estate Roundup 8.2.19

Financing 

The Torkian Group has secured a $43 million mortgage from AIG to refinance 311 West 50th Street. The new loan replaces the outstanding portion of a $42 million financing provided by BankUnited in 2015, and also adds $2.2 million in new fresh debt. (CO)

Leasing

Investment management company PDT Partners has signed a 50,000 SF lease renewal at Invesco’s 1745 Broadway. Rents in the office building range from $73 to $89 per SF. (CO)

Avison Young is moving its NYC headquarters to RXR’s 530 Fifth Avenue. (NYPost)

Italian fashion brand Brunello Cucinelli, jacket seller Belstaff, and clothing store Frame have inked leases at Aurora Capital + William E. Gottlieb Real Estate’s 50 Gansevoort. (NYPost)

Fine-art company Maquette signs 46,860 SF lease at North River Co’s 48-49 35th Streetfor LIC headquarters. (NYPost)

Ulta Beauty has inked a 12,000 SF retail lease at SL Green’s Two Herald Square. Asking rent on the deal was $550 per SF. (NYPost)

Other news 

Co-living startup Bedly is shutting down. (TRD)

Goldman Sachs raises $2.5B for real estate purchases. (Crain’s)

Vornado crushing it at 220 Central Park South. (TRD)

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