NEW YORK CITY-Sovereign Ventures will have up to $250 million in an initial capitalization.

NEW YORK CITY-Locally based Ezra and Steven Mashaal buy two five-story buildings at 250-252 W. 14th St. for $10.6 million.

NEW YORK CITY-JEMB refinances the 250,000-sf office tower, while Bank of America arranges the financing.

NEW YORK CITY-Sources tell GlobeSt.com that Principal US Property Separate Account is the new owner of 104 W. 40th St., overlooking Bryant Park.

NEW YORK CITY-Sources tell GlobeSt.com that Principal US Property Separate Account is the new owner of 104 W. 40th St., overlooking Bryant Park.

NEW YORK CITY-The locally based companies agree to pay $317 million for a 79% interest and 21% leasehold interest in the 885 Third Ave. property.

NEW YORK CITY-The locally based companies agree to pay $317 million for a 79% interest and 21% leasehold interest in the 885 Third Ave. property.

NEW YORK CITY-Madison Realty Capital originates $55 million inshort-term commercial real estate loans in June alone.