Author: Carl Gaines
Executive Bio
East Coast Editor for GlobeSt.com and Real Estate Forum, Carl Gaines manages the coverage of commercial real estate along the east coast. His work has appeared in Crain's New York Business, Utne Reader, the NYTimes.com's the Local, the National Law Journal, the Village Voice and City Arts.
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Archive
Former Gen Re Headquarters Generates Interest
STAMFORD, CT-Lehman Brothers Holdings Inc. opted to bypass refurbishments, instead tapping Cushman & Wakefield to take the asset directly to market, Andrew Merin tells GlobeSt.com’s Carl Gaines. FULL STORY
$120M Freezer Portfolio Refinancing Secured
NEW YORK CITY-CB Richard Ellis secured the $120-million refinancing for a multi-state portfolio of freezer facilities on behalf of an iStar Financial affiliate. FULL STORY
28-Story Tower Slated for Bryant Park
NEW YORK CITY-The 28-story tower, set to rise on Bryant Park, is being developed by Hines and Pacolet Milliken and could be ready for occupancy by 2014. FULL STORY
Related Cos., City Preserve 258 Affordable Apartments
NEW YORK CITY-A partnership between Related Affordable, the New York City Housing Development Corp. and the city’s Department of Housing Preservation and Development has preserved 258 affordable housing units. FULL STORY
Ipsos North America Subleases Time Inc. Space
NEW YORK CITY-Ipsos North America has signed on to sublet 38,776 square feet of space at 1271 Avenue of the Americas and has moved into the new space from its former North American headquarters at 1700 Broadway. FULL STORY
Quirky Leases at 601 W. 27th St.
NEW YORK CITY-The online product development company has signed on for 27,500 square feet of space at the building as tech continues to grow in the city. FULL STORY
Macklowe Signs Anchor Tenant for 636 Sixth Ave.
NEW YORK CITY-The arrival of SecondMarket Holdings will put the building, the first purchased by William Macklowe Co., at 100% occupancy. SecondMarket will take 50,000 square feet in the building. FULL STORY
Hotel Chelsea $85M Acquisition, Renovation Financing Set
NEW YORK CITY-Meridian Capital Group has negotiated $85 million in acquisition and renovation financing for the buyers of the iconic Hotel Chelsea. FULL STORY
Law Firm Bets on Rents Rising, Signs Early
NEW YORK CITY-Duval & Stachenfeld has signed for 50,000 square feet of space at 555 Madison Ave., taking space formerly occupied by Tiffany & Co. The firm will won’t move until 2013, but “made a forward bet on the market,” partner Eric Menkes says. FULL STORY
$39M Sale of Long Island Complex Complete
GARDEN CITY, NY-Metropolitan Realty Associates and partner Angelo, Gordon & Co. rehabbed the complex, bought in 2005 for $7.4 million, and sold it for $39.25 million six years later. FULL STORY
