NEW YORK CITY — Vornado Realty Trust has completed a $390 million loan for its retail condominium, located at 666 Fifth Ave. in New York City. The 10-year, interest-only loan carries 3.6 percent. The net proceeds from the financing were approximately $387 million. Vornado acquired the property in December for $707 million
NEW YORK CITY — Tutor Perini Corp. was listed by the New York City Department of Transportation as the low bidder and the winner for the $102.7 million contract to replace the City Island Road Bridge over Eastchester Bay. The project includes the construction and removal of a temporary bridge and approach roadways, demolition of the existing bridge structures, construction of a single steel tower cable-stayed bridge with private utilities and landscape improvements. The new bridge will be the first cable-stayed bridge built in New York. Work is expected to begin this April with substantial completion expected by July 2016.
NEW YORK CITY — Thor Equities has acquired 57-63 Greene Street, a 13,854-square-foot retail condominium for $17.2 million in New York City. The six-story building is located between Broome and Spring streets, neighboring top-tier fashion brands including Chanel, Ralph Lauren and Prada. Including this acquisition, Thor Equities has nearly 300,000 square feet in the SoHo district, New York City’s fashion retail epicenter.
WATERBURY, CONN. — Marcus & Millichap has arranged the sale of Mattatuck Plaza, a 146,930-square-foot shopping center in Waterbury, for $12.2 million. The plaza, located at 670 Wolcott St., was 80 percent leased at the time of sale. Joseph French and Thomas Dalzell of Marcus & Millichap represented the seller, a Boston-based private investment firm, and the buyer, a private investor based in Florida.
NEW YORK CITY — The owner of 1991 Broadway in New York City’s Upper West Side has selected the Stan Johnson Company to market the Class A retail condominium. The building, which is vacant, is being offered for $39.5 million. The property is situated on Broadway between 67th and 68th streets and near the new Apple store and TD Bank.
ANDREWS AND MIDLAND, TEXAS — McCarthy Building Cos. Inc. has broken ground on the Permian Regional Medical Center in Andrews and has completed Midland Memorial Hospital. McCarthy is teaming up with Trinity Hughes Construction; Bundy, Young, Sims & Potter Inc.; and HKS Architects on the $55 million Permian Regional hospital project. The hospital will span 200,000 square feet and feature a wellness center and a physician clinic with offices. The new facility will replace the existing one and tie into the hospital's skilled nursing unit. The project will be constructed in multiple phases and is slated for a mid-2016 completion. McCarthy also completed the $120 million expansion project of Midland Memorial. The hospital features a 240,000-square-foot, nine-story tower as well as renovations to the existing 100,000-square-foot hospital. The project included upgrades to the labor and delivery units, parking garage, patient rooms and data center. The project also included a new pharmacy, cafeteria and 194 new patient beds.
SAN ANTONIO — Woodbine Development Corp. has refinanced its Hyatt Regency Hill Country Resort and Spa in San Antonio with $89.5 million in loans. Morgan Stanley provided $61 million in senior debt, and Prudential Real Estate Investors provided the $28.5 million in mezzanine debt. Dan MacDonnell of Cushman & Wakefield's Los Angeles office represented Woodbine Development in the transaction. Dallas-based Brown McCarroll provided legal counsel. The hotel is currently undergoing a $35 million expansion and renovation. Woodbine is managing the expansion, WATG and Wimberly Interiors are designing the interior, HKS Hill Glazier Studio is the architect of record, Rialto Studio is managing the landscape makeover and Hardin Construction Co. is the general contractor.
HOUSTON — Cameron, a flow control equipment provider to the oil and gas industry, has signed a long-term lease for 106,801 square feet at 8 West Centre in Houston. The office building was developed by CORE Real Estate and spans 227,000 square feet. The building is located at 3505 W. Sam Houston Parkway. Cody Armbrister, Kristen Rabel and Rima Shpolyansky of CBRE represented CORE Real Estate in the lease transaction. Brandi McDonald of Newmark Grubb Knight Frank represented Cameron, which will move into the new space in July.
DALLAS — NorthMarq Capital has arranged first mortgage financing for the refinance of the 137-unit Oak Lawn Heights Apartments, located at 2600 Arroyo Ave. in Dallas. Tony Gray and Kristi Johnson of NorthMarq's Houston office arranged the 10-year loan through Fannie Mae to amortize over a 15-year period on behalf of the borrower, Knot Your Ordinary Apartments LLC.
THE WOODLANDS, TEXAS — Post Oak Bank, N.A. has signed a 4,355-square-foot lease with The Woodlands Development Co. for space on the first floor of One Hughes Landing in The Woodlands. One Hughes Landing is a 197,000-square-foot Class A office building and is the first office building to be constructed at Hughes Landing, a 66-acre mixed-use development. The office building, currently under construction, is 30 percent pre-leased. Gensler designed the building to achieve LEED Silver certification. Post Oak Bank is a locally owned community bank with more than $650 million in assets. Robert Parsley and Norman Munoz of Colliers International represented The Woodlands Development Co. in the lease transaction. Rand Mason of McAlpine Interests represented Post Oak Bank.