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Acquisitions

Real Estate Roundup 10.25.19

Rendering of The Spiral (R) (Credit: BIG / Tishman Speyer)

Real Estate Roundup

Financing 

Glenmark Realty has upped its debt on a Tribeca office building at 291 Broadway to $46 million through a refinancing with New York Community Bank. The loan refreshes the $41.1 million outstanding balance of the previous financing on the property from the same lender, and adds an additional $6.5 million mortgage. (CO)

Other news

Paramount Group puts its Midtown office tower at 900 Third Avenue on the market for more than $400 million. (Crain’s)

Manny Malekan is suing in an effort to recover its $668,000 down payment on a Murray Hill building with one rent-stabilized unit. Malekan argues the new rent law constitutes a “force majeure” and he’d never have entered into contract on the building had his firm known how the law was about to change. 

Fisher Brothers has filed plans for a 240-unit mixed-use project at 42-50 24th Street in LIC. The project will be split between about 40,000 SF of commercial space and 216,000 SF of residential space. (TRD)

Leasing

Uber has officially inked a deal for 307,390 SF on the 43rd through 49th floors of 3 World Trade. Asking rents in the building hover in the high $80s and low $90s per SF. (CO)

Celebrity jewelry designer Maria Tash has signed a 16,910 SF office lease for the top three floors of 2 Crosby Street in Soho. Asking rent on the deal was $125 per SF. (NYPost)

Huntsworth Health has signed a 12-year sublease for 39,372 SF on the entire 10th floor of Brookfield Property Partners’ 300 Vesey Street. Asking rent on the deal was $60 per SF. (CO)

Modell’s Sporting Goods moving its offices… The company has inked a 26,607 SF lease on the second floor and a portion of the third floor at 1430 Broadway. Asking rent on the deal was $55 per SF. (NYPost)

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