NEW YORK CITY — Wells Fargo has provided $250 million in bridge financing for AtlanticBK, a newly delivered, 456-unit multifamily project located at 1057 Atlantic Ave. in the Bedford-Stuyvesant neighborhood of Brooklyn. Units at AtlanticBK, which rises 17 stories and includes 138 affordable residences, come in one-, two- and three-bedroom floor plans. Amenities include a fitness center, lounge, golf simulator, game room, screening room, children’s playroom and a landscaped rooftop deck, as well as 31,000 square feet of ground-floor retail space. Drew Fletcher, Paul Fried and Bryan Grover of Greystone arranged the loan on behalf of the owner, Douglaston Development.
NEW YORK CITY — CBRE has arranged a $28 million loan for the refinancing of a portfolio of five multifamily properties totaling 60 units in Manhattan. The properties, which collectively include seven retail spaces, are located at 301 E. 90th St., 714 Greenwich Ave., 723 11th Ave., 746 9th Ave. and 407 Amsterdam Ave. Shamir Seidman and Jeff Feldman of CBRE arranged the loan on behalf of the owners, Ed and Michael Ostad, which purchased the buildings in 2024 and implemented capital improvements. The direct lender was not disclosed.
NEW YORK CITY — Arch Inc. has signed a 73,581-square-foot office lease in Lower Manhattan. The fintech firm will relocate from the nearby building at 111 E. 18th St. to the entire 30th and 31st floors of One Seaport Plaza, a 35-story building that was originally constructed in 1984. Evan Algier and Eric Hazen of Cushman & Wakefield represented the tenant in the lease negotiations. John Cefaly, Ethan Silverstein, Stephen Bellwood and Rachel Rosenfeld, also with Cushman & Wakefield, collaborated with internal agents Brett Greenberg and Adam Rappaport to represent the landlord, Jack Resnick & Sons.
BREWSTER, N.Y. — Lincoln Equities Group has received a $106 million bridge loan for the refinancing of a 618,048-square-foot industrial building in Brewster, about 60 miles northeast of New York City. Building B @ Interstate Crossings was completed in 2025 and features a clear height of 40 feet. Peter Rotchford and Christopher Pratt of JLL arranged the loan, which includes a future funding component, through affiliates of Apollo and CenterSquare Investment Management.
POUGHKEEPSIE, N.Y. — Basis Investment Group has provided a $27.5 million bridge loan for the refinancing of Plaza 44, a 168,000-square-foot, grocery-anchored shopping center in Poughkeepsie, located north of New York City. Regional grocer Stop & Shop anchors the center, and Ross Dress for Less plans to open a 23,000-square-foot store at Plaza 44 before the end of the year. The borrower, Capstone Realty Group, plans to reposition the center and market the property for sale over the course of the ensuing 24-month period.
NEW YORK CITY — Goldman Sachs has provided a $145 million loan for the refinancing of Fouquet’s New York, a 97-room hotel in Manhattan’s Tribeca neighborhood that is operated/managed as part of the family of brands of Paris-based Barrière’s Signature Luxury Hotels. The hotel features multiple onsite food-and-beverage establishments, as well as a spa and meeting/event space. The sponsor and majority owner of the hotel is APW Avenue Group, a group led by Los Angeles-based investor James Parks. Specific loan terms were not disclosed.
POUGHKEEPSIE, N.Y. — Ross Dress for Less will open a 23,000-square-foot store in Poughkeepsie, located north of New York City. The space is located within Plaza 44, a 165,000-square-foot, grocery-anchored shopping center. Deborah Stone and Jason Pennington of RIPCO Real Estate represented the undisclosed landlord in the lease negotiations. Brian Katz and Amy Staats of Katz & Associates represented Ross, which is aiming to open this store by the end of the year.
NEW YORK CITY — Starr has signed a 20-year, 275,000-square-foot office headquarters lease in Midtown Manhattan. The global investment and insurance organization will occupy the entirety of floors 16 through 27 at 343 Madison Avenue, a 46-story, 930,000-square-foot building that is currently under construction. John Picco, Peter Van Duyne and Alex Lachmund of Cushman & Wakefield represented Starr in the lease negotiations. Peter Turchin, John Maher, Evan Haskell and Caroline Merck of CBRE represented the landlord, BXP, formerly known as Boston Properties, which expects to complete 343 Madison Avenue in 2029.
NEW YORK CITY — Walker & Dunlop has arranged $19.1 million in financing for Melrose Concourse, a proposed 72-unit affordable housing project in The Bronx. The financing comprises a $6.3 million permanent loan commitment from Freddie Mac and a $12.8 million equity investment. Melrose Concourse will consist of a four-story building with eight units, a nine-story building with 34 apartments and a 10-story building with 30 residences. All units will be reserved for renters earning between 30 and 70 percent of the area median income, and 23 units will be set aside for seniors. John Gilmore and Ethan Waite of Walker & Dunlop led the debt financing process, and the firm’s Diego Benites and Ricky Figueroa led the equity placement efforts. The developer is a joint venture between Settlement Housing Fund and the Beechwood Organization.
NEW YORK CITY — A partnership between GFP Real Estate and BDT & MSD Partners has invested $150 million to redevelop 1540 Broadway, a 907,000-square-foot office tower in the Times Square area of Midtown Manhattan. The transformation is intended to reframe the original tower, which was completed in 1990 and designed by Skidmore, Owings & Merrill. Renovations are expected to be complete by late 2026. “Our shared vision is to create a workplace that is purposeful, well-crafted and thoughtfully executed, raising expectations for what defines a leading New York City office tower,” says Brian Steinwurtzel, co-CEO and principal of GFP Real Estate. “This is a full reintroduction of the building.” Affiliates of Apollo (NYSE: APO) will provide financing for the project, while GFP Real Estate will oversee operations with BDT & MSD. JLL will serve as the leasing agent for the building. Designed by Fogarty Finger, the renovation will feature extensive interior improvements and the inclusion of more than 45,000 square feet of amenities across two levels of the building. A 27,000-square-foot “amenity hub,” located on the eighth floor, will comprise upgraded wellness facilities, a reimagined fitness center, new locker rooms, a dedicated recovery and movement zone and enhanced communal areas. …
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