YONKERS, N.Y. — The Westchester County Local Development Corp. has approved $35 million in tax-exempt bond financing to fund various renovations at Sarah Lawrence College in Yonkers. The 44-acre liberal arts school was founded as a women’s learning institution in 1926 but became coeducational in 1968. The financing will cover renovation and rehabilitation of The Siegel Building, the performing arts center, the Bates Building and various athletic facilities. Proceeds would also be used to purchase and renovate the building at 8 Oak Bend, as well as to upgrade campus-wide information technology hardware, infrastructure, machinery, equipment and other items of personal property.
NEW YORK CITY — StubHub has subleased 100,000 square feet of office space at 4 World Trade Center in Lower Manhattan. The live event ticket marketplace operator, which signed a 44,000-square-foot office lease at 3 World Trade Center for its new headquarters in 2023, will take immediate occupancy of one floor and occupancy of two other floors at a later date. Scott Bogetti, Kirill Azovtsev, Michael Bertini, Brad Wolk and Will Joumas of Savills represented Stubhub in the sublease negotiations. Sheena Gohil of Colliers represented the undisclosed sublessor. Silverstein Properties owns the building.
Marcus & Millichap Brokers $4.6M Sale of Retail Building Leased to Walgreens in Amityville, New York
AMITYVILLE, N.Y. — Marcus & Millichap has brokered the $4.6 million sale of a 15,120-square-foot retail building leased to Walgreens in the Long Island community of Amityville. The building was constructed on 2.6 acres in 2001, and Walgreens recently extended its lease through 2035. Derrick Dougherty and Nick Geaneotes of Marcus & Millichap represented the sellers in the transaction and procured the buyer. Both parties were locally based entities that requested anonymity. John Horowitz of Marcus & Millichap assisted in closing the deal as the broker of record.
NEW YORK CITY — Hazen & Sawyer has inked a 44,000-square-foot office lease extension at 498 Seventh Ave. in Manhattan’s Times Square area. The engineering firm will continue to house its headquarters across the entire 11th floor of the 960,000-square-foot building through 2035. Curtis Dean of CD Commercial Real Estate Services represented Hazen & Sawyer, which has been a tenant at the building since 1999, in the lease negotiations. Matt Coudert and Andrew Conrad internally represented the landlord, George Comfort & Sons.
NEW YORK CITY — PubMatic Inc., a software provider for the digital publishing and advertising industry, has signed a 60,000-square-foot office lease at 498 Seventh Ave. in Manhattan’s Times Square area. The company already subleases the entire 18th floor of the 960,000-square-foot building and will expand to the entire 19th floor early next year under the terms of the new deal. Greg Taubin of Savills represented PubMatic in the lease negotiations. Matt Coudert and Andrew Conrad internally represented the landlord, George Comfort & Sons.
NEW YORK CITY — A joint venture between nonprofit developer Community Access, affordable housing developers Spatial Equity and Duvernay + Brooks, as well as neighborhood preservation organization Cooper Square Committee, has acquired the site of the former St. Emeric church in Manhattan’s East Village. According to Wikipedia, the former Roman Catholic church was originally built around 1950 and closed in 2013 when the Parish of St. Emeric merged with that of nearby St. Brigid’s Roman Catholic Church. The joint venture plans to build more than 500 affordable housing units on the site, including homes for senior New Yorkers, formerly homeless individuals and those with special needs who qualify for supportive services. The development team expects to break ground on the first phase of the redevelopment in 2026 and may also pursue rezoning through a land use review process for the second phase. Denham Wolf Real Estate Services marketed the property for sale on behalf of the parish, which is overseen by The Archdiocese of New York.
NEW YORK CITY — HKS Real Estate Advisors has arranged a $30 million loan for the refinancing of a 65,787-square-foot mixed-use portfolio in New York City. The portfolio consists of eight buildings in Manhattan and The Bronx that collectively total 54 multifamily units and 17 commercial units. Commercial tenants include Mr. Green Laundry, Hunter Convenience Shop, Little Amber Nails & Spa and Monster Barber Shop. Michael Lee of HKS arranged the loan through Citigroup on behalf of the undisclosed borrower.
NEW YORK CITY — Daiwa Capital Markets America Inc. (DCMA) has signed a 20-year, 44,100-square-foot office lease in Midtown Manhattan. The financial services firm will occupy the entire 49th floor at 1251 Avenue of the Americas. Erik Schmall and Scott Weiss of Savills represented DCMA in the lease negotiations. David Falk and Peter Shimkin of Newmark represented the landlord, Mitsui Fudosan America. A tenant-only conference facility is under construction at the building, and the lobby was recently renovated. Three new food-and-beverage concepts are also set to open at the building in the coming weeks.
NEW YORK CITY — Locally based brokerage firm Rosewood Realty Group has negotiated the $2.5 million sale of an eight-unit apartment building located at 313 W. 92nd St. on Manhattan’s Upper West Side. Five of the eight units were vacant at the time of sale. Ben Khakshoor of Rosewood represented the buyer, Put Duc Huang, in the transaction. Mike Kerwin, also with Rosewood, represented the seller, the Goldberg Family, which owned the building for 85 years.
NEW YORK CITY — GrowthCurve Capital LP has signed a 13,350-square-foot office lease in Midtown Manhattan. The private equity firm is relocating from 1301 Avenue of the Americas to the 33rd floor of the 990,000-square-foot building at 250 W. 55th St. Peter Turchin, Caroline Merck, Arkady Smolyansky and Ali Gordon of CBRE represented the landlord, Boston Properties, in the lease negotiations. Jonathan Luttwak and James Cassidy of DHC Real Estate Services, along with Louis D’Avanzo of Cushman & Wakefield, represented the tenant.