Articles of the week ending June 26th
BERS inks 78K sf lease at 55 Water in FiDi
By TRD Staff, The Real Deal
BERS signed a 30 year, 78,000 square foot lease at 55 Water Street, expanding its existing office space and reinforcing the building’s strong leasing momentum in Manhattan’s Financial District.
Madison Realty Capital Lends $480M on 1740 Broadway Office-to-Resi Conversion
By Andrew Coen, Commercial Observer
Yellowstone Real Estate Investments secured a $480 million construction loan from Madison Realty Capital to convert 1740 Broadway into a 420 unit luxury residential property expected to be completed in the third quarter of 2029.
S3 Capital Lends $102M for Hell’s Kitchen Office-to-Resi Conversion
By Andrew Coen, Commercial Observer
Hershy Silberstein secured a $102 million construction loan from S3 Capital to convert the Press Building at 311 West 43rd Street into a 160 unit residential property with commercial space in Hell’s Kitchen.