We are excited to announce the launch of our YouTube Channel. We have created an instruction video for the Income and Expense Schedule (TC201). Here is a link to the video.
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- Upcoming issue: Surreal estateby By Raji Pandya on August 4, 2021 at 8:00 pm
A 14-foot-tall, bright red bunny rabbit in the lobby of an office building. A grifting developer skimming quarters from a laundromat. A landlord allegedly threatening tenants with a gun that didn’t exist. A politician fighting to strengthen foreclosure protections — while his own home is in foreclosure. In the words of a Nobel Prize laureate, something is happening here, but you don’t know what it is. But these are neither Dalí-painted scenes nor Bob Dylan The post Upcoming issue: Surreal estate appeared first on The Real Deal New York. […]
- Wells, Morgan Stanley to provide Paramount’s $860M refi at 1301 Sixth Avenueby TRD Staff on August 4, 2021 at 7:10 pm
Paramount Group has reeled in its big refi. An $860 million package — one of the largest since the pandemic — at 1301 Sixth Avenue will be provided by Wells Fargo and Morgan Stanley, the Commercial Observer reported. Tenants occupy just 71 percent of the office building’s 1.7 million square feet, although low interest rates have helped borrowers restructure debt rather than sell at distressed prices. Paramount’s $850 million of debt on the building was The post Wells, Morgan Stanley to provide Paramount’s $860M refi at 1301 Sixth Avenue appeared first on The Real Deal New York. […]
- Durst sues Landmark Theatres for $49M in damages, unpaid rent at UWS cinemaby By Joe Lovinger on August 4, 2021 at 6:20 pm
Landmark Theatres may have played its final film at its Upper West Side cinema last year, but now it’s starring in a horror movie of its own. The Durst Organization is suing the arthouse theater chain for $49 million in damages and unpaid rent at its Landmark 57 West location. Landmark signed a 20-year lease for the space in 2016, says Durst spokesman Jordan Barowitz. However, the tenant sought to renegotiate the terms after real The post Durst sues Landmark Theatres for $49M in damages, unpaid rent at UWS cinema appeared first on The Real Deal New York. […]
- Casino REIT Vici Properties acquires MGM Growth Properties in $17B dealby TRD Staff on August 4, 2021 at 5:30 pm
Real-estate investment trust Vici Properties is gambling big bucks on a leader in the resort and casino business, agreeing to buy fellow REIT MGM Growth Properties in a deal that values the latter company at $17.2 billion. Vici will assume about $5.7 billion in debt in the transaction. MGM Resorts, which spun off MGM Growth Properties back in 2016 but remains in its control, will receive about $4.4 billion in cash in the stock-for-stock deal, The post Casino REIT Vici Properties acquires MGM Growth Properties in $17B deal appeared first on The Real Deal New York. […]
- Multifamily, industrial sales highlight strong week for mid-market dealsby By Orion Jones on August 4, 2021 at 5:11 pm
The multifamily market got a shot in the arm last week as affordable housing developers picked up distressed properties from All Year Management in Park Slope, while developer ZD Jasper bought land for a 90,000-square-foot residential building in Hunters Point. Israel Perlmutter sold a 20-unit mixed-use building in Williamsburg to Joel Rubin and Abraham Leifer of Aview Equities unloaded a parcel from a Downtown Brooklyn assemblage that never quite panned out. Meanwhile, industrial properties kept The post Multifamily, industrial sales highlight strong week for mid-market deals appeared first on The Real Deal New York. […]
- Upcoming issue: Surreal estate