The Real Deal New York

Jeffrey Kaplan of Meadow Partners and 42-15 Crescent Street

Meadow Partners, an investment fund based in Midtown, has nabbed a $30 million senior loan for the conversion and recapitalization of 42-15 Crescent Street in Long Island City, GlobeSt reported. The nine-story property — formerly an office and retail building — will turn into a 124-unit, 10-story multi-family development with retail. [more]

Damrosch Park

UPDATED, 6:50 p.m., May 21: Area residents have sued Lincoln Center and the city in an effort to halt the transfer of Damrosch Park, a nearby green space, to the venerable performing arts venue for commercial use, according to a release from the watchdog group NYC Park Advocates. The suit, in part, aims to restore the municipally owned park on West 62nd Street for public use. [more]

Kips Bay Decorator Show House at 161 East 64th Street (Credit: Sotheby’s)

Kips Bay showhouse at 161 East 64th Street lists for $16 million. Sandy-ravaged Nathan’s Famous in Coney Island is open for business. Cafe Wha? building in Greenwich Village on market for $11.5 million. City proposes making Fourth Avenue in Park Slope more pedestrian friendly. Three Bushwick buildings vie for landmark status. Read these stories and more after the jump.

Kevin Salmon

From the May issue: Kevin Salmon, formerly of the commercial brokerage Salmon & Marshall, has launched his own Manhattan company, Khizer Salmon Real Estate Professionals. The new firm will focus on retail condo and multi-family building sales in New York City and the tri-state area.

Khizer Salmon has set up shop in a 1,000-square-foot space at 505 Park Avenue, where Salmon works with two other agents and a marketer. [more]

Paul Massey and Bob Knakal of Massey Knakal

Industry movers and shakers were out in force at several parties Sunday and Monday nights for the International Council of Shopping Centers’ annual ReCon event in Las Vegas. See full story and photos after the jump.

From left: Aldon James, the club at 15 Gramercy Park South and Bradley Silverbush

A city housing court judge ruled last week in favor of the National Arts Club in its move to evict former president O. Aldon James, his twin brother John James and former club member Steven Leitner from their apartments at the storied organization’s 15 Gramercy Park South headquarters. [more]

From left: Manchester City’s Ferran Soriano and a stadium blueprint

The proposed soccer stadium in Flushing Meadows-Corona Park just got two major new supporters. The New York Yankees and Manchester City, which announced their plans today to create a new Major League Soccer team, said their first choice for a spot to play is the contentious Queens plot, Brownstoner reported. [more]

Victoria’s Secret CEO Lori Greeley and 2 Herald Square

Lingerie retailer Victoria’s Secret inked a 60,000-square-foot lease to take two additional floors above its flagship retail location in Herald Square to use as offices, training space and storage.

The store, a division of the Ohio-based public company Limited Brands, signed a lease during the first quarter of 2013 for floors four and five at 2 Herald Square, a 380,000-square-foot office and retail building at the corner of Broadway and 34th Street, owned by Sitt Asset Management, David Sitt, a principal with the firm, told The Real Deal. [more]

From left: Larry Silverstein, 1 WTC and the Empire State Building

New York City’s commercial real estate industry is edgy over the possibility of the government yanking what has come to be known as terrorism insurance, the New York Post reported.

The program, called the Terrorism Risk Insurance Act, comes up for renewal next year; if Congress does not extend it, the cost of doing business will increase for owners of iconic properties — their insurance premiums will rise and their buildings will drop in value. [more]

Seamless CEO Jonathan Zabusky and 1065 Sixth Avenue

Seamless, the delivery food website that yesterday announced its merger with competitor GrubHub, will keep its Midtown headquarters space, Crain’s reported. GrubHub will also maintain its Chicago headquarters.

“We don’t have a single office,” Seamless CEO Jonathan Zabusky — soon to become the president of the merged company — told Crain’s. “Both companies have storied histories in the cities they come from, so it was never a consideration to close one of the offices.” [more]