Roosevelt Hotel gets a surprising new partner: the US government
Just when it appeared Pakistan was back at square one in figuring out the future of the Roosevelt Hotel, an unexpected partner came along: the White House. The federal government signed a pact with the Pakistani government, which owns the site at 45 East 45th Street, to jointly redevelop the famed h
Olayan Group nabs $800M loan for 550 Madison
The Olayan Group locked in an $800 million loan for its revamped Midtown office building, better known as the Sony building. ING Capital added $230 million of new debt to the existing $570 million loan balance on 550 Madison Avenue, according to property records. ING issued the original loan in 2016
City environmental agency relocates next to polluted waterway
New York City’s Department of Environmental Protection found a fitting home in Long Island City. Through the Department of Citywide Administrative Services, DEP signed a lease for 155,000 square feet at Innovo Property Group’s 24-02 49th Avenue, the Commercial Observer reported. The agency will use
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