Gusto doubles up at Vornado’s Penn 1
Human resources tech company Gusto is doubling its footprint at Vornado Realty Trust’s Penn 1, signing a 13-year expansion deal that will bring its space at the Midtown tower to 76,000 square feet. Gusto inked a 13-year lease for 38,000 square feet on the 47th floor and renewed its existing 38,000-s
Eyal Ofer’s Global Holdings lands $380M refi for 120 Park
Now that he’s locked up Bloomberg to a long-term lease, Eyal Ofer has refinanced his 120 Park Avenue office tower to the tune of $382 million. Ofer’s Global Holdings tapped Wells Fargo and the German bank LBBW to refi the 26-story, 620,000-square-foot tower, the owner told The Real Deal. The funding
Namdar Group finds financing for another Jersey City project
The Namdar Group and Affinius Capital are up to their usual ways in Jersey City, playing the role of borrower and lender, respectively. Namdar landed $310 million in construction financing for its Park Tower project in the Journal Square neighborhood, the Commercial Observer reported. The loan follo
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