NEW YORK CITY— Madison Realty Capital is consolidating all itsdebt and investment activities under a single name: MadisonRealty Capital, GlobeSt.com has learnedEXCLUSIVELY. Previously, the organization madedebt investments under Madison Realty Capital and equity dealsunder Silverstone Property Group, a 100% controlledaffiliate.
Under the new structure, SPG will remain as an in-house propertymanagement company for MRC-owned assets. To mark the transition,MRC has unveiled two equity buys: one in the Hudson Yards districtand the other in Harlem.
MRC has acquired 440-442 10th Ave and 2094-2104Frederick Douglass Blvd. The former, sold for $9.75 million, iscomprised of two mixed-use properties between 34th and35th streets, while the latter, which sold $7.25million, is an 11,254 square-foot retail condominium unit in WestHarlem's Frederick Douglass Boulevard retail corridor.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
