Gap to Lease Two Floors at 111 W. 33rd St.

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NEW YORK — Gap Inc. has leased two full floors totaling 80,900 sq. ft. at 111 West 33rd Street. The building is owned by Empire State Realty Trust and home of ESRT’s corporate headquarters. Gap Inc. is a global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana …

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Luxury Tower at 222 E. 44th St. Celebrates Topping Off

NEW YORK — Suffolk, a privately held building contractor, has celebrated the topping off of a new tower at 222 East 44th Street, a 43-story mixed-use residential building located in Manhattan. Developed by BLDG Management and designed by Handel Architects, the high-end luxury tower will feature state-of-the-art amenities and a sleek design. The completed tower …

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One Vanderbilt Moves Toward Vertical Construction

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NEW YORK — SL Green Realty Corp. has announced several construction milestones in the development of One Vanderbilt Avenue, which is moving soon toward vertical construction on the 1,401-foot Midtown Manhattan tower next to Grand Central Terminal. One Vanderbilt’s construction manager AECOM Tishman has executed a Guaranteed Maximum Price (GMP) contract, which includes the procurement …

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Luxury Condos at 70 Vestry 80 Percent Sold

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NEW YORK – Related Companies announced that its luxury condominium building at 70 Vestry in Tribeca is now 80 percent sold, with just eight of the 46 units in the boutique building available for sale. Since the beginning of the year, 70 Vestry has achieved more than $100 million in sales. 70 Vestry’s Penthouse North …

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Housing Rental Service Bedly Gets $2.7 Million

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NEW YORK and CAMBRIDGE, MA — Bedly, a platform that provides a network of end-to-end rental housing services, has raised $2.7 million in venture capital.  The seed funding was led by Accomplice with participation from Founder Collective and several angel investors. The funding will be used to increase members (renters) and increase housing inventory in New …

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Related Begins Rentals at 261 Hudson St.

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NEW YORK – The Related Corporation has begun leasing at 261 Hudson, a 12-story building with 160 apartments in the West SoHo neighborhood of Manhattan. Residents will start moving into the building on April 15. Pricing for available residences begins at $3,695 for studios, $4,750 for one-bedrooms and $7,595 for two-bedrooms. Designed by Robert A.M. …

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Pembrook Provides $6.2 Million Loan for Brooklyn Building

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NEW YORK — Pembrook Capital Management announced they have closed a $6.2 million first mortgage loan that will finance the construction of a 21,341 square-foot mixed-use property located at 144-146 West Street in Greenpoint, Brooklyn. The sponsor, a repeat Pembrook borrower comprised of multiple developers with a strong track record of developing similar property types …

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RealConnex Connects With $3.5 Million Investment

  NEW YORK — RealConnex — a networking platform connecting real estate professionals to capital, investments, and services — has closed a $3.5 million strategic financing round led by Silver Portal Capital (SPC), a boutique real estate investment and merchant banking firm. RealConnex was founded in 2013 by Roy Abrams, a technologist-turned-real-estate-developer, to solve a problem …

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CIM Group Buys Gilman Hall Site From Mt. Sinai

NEW YORK — Real estate manager CIM Group announced that it has purchased the Gilman Hall site from Mount Sinai Beth Israel, a property on the East Side of Manhattan which includes the 146,000-square-foot Gilman Hall Tower and contiguous parcels in Manhattan. The purchase price wasn’t disclosed. Built in 1969, the Gilman Hall Tower is …

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Empire Realty Trust Signs 10 Leases in 5 Months

NEW YORK CITY – Empire State Realty Trust, Inc. (NYSE: ESRT), which owns the Empire State Building and commercial properties in the NY metro area, said it has signed ten leases for nearly 150,000 square feet at its Class A office properties in Westchester and Fairfield counties since October. Nine of these deals involved new …

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