Leases
Personal injury law firm expands in Midtown
Address: 1040 Sixth Ave., Manhattan
Landlord: Skyline Developers
Tenant: Meirowitz & Wasserberg
Lease size: 24,000 square feet
Asset type: Mixed use
Security authorization platform inks office deal in NoMad
Address: 72 Madison Ave., Manhattan
Landlord: The Moinian Group
Tenant: Oso Security
Lease size: 5,400 square feet
Asset type: Mixed use
Sales
New Jersey investor buys pair of prewar sites near Empire State Building
Addresses: 10 and 12 E. 33rd St., Manhattan
Sellers: Marcus Partners and Dalan Management
Buyer: Henry Park
Sale price: $27.5 million
Asset type: Mixed use
Financings
Post office turned Apple store gets loan extension
Address: 103 Prince St., Manhattan
Owner: Centurion Realty
Lender: Credit Agricole Corporate and Investment Bank
Loan amount: $75 million
Asset type: Retail
News updates
After a lender-initiated foreclosure auction Tuesday, RFR Realty has surrendered 285 Madison Ave., a 26-story, 530,000-square-foot tower in Midtown. Korean investment firm DAOL Asset Management, which had provided $205 million in mezzanine debt for the property in 2017 and then sued last year when RFR failed to pay it off, is the new owner. A firm spokeswoman said that RFR declined to offer a bid for the mixed-use site, which it purchased for $189.3 million in 2012, according to the city register.
A Times Square office building slated for residential conversion could now include as many as 1,250 units, according to recently revised plans, which were first reported by The Real Deal. Crain’s reported in January that the three developers plotting the conversion at 5 Times Square, Apollo Global Management, RXR and SL Green, had submitted permits to build 942 apartments at the 38-story office tower.
