From top: Capstone Equities principals Joshua Zamir and Daniel Ghadamian; right, 14 Wall Street

Capstone Equities is scouring the market for cash so it can repay the mortgage on its stake in 14 Wall Street before it comes due in May, Crain’s reported. If Capstone, which bought the 37-story, 1 million-square-foot building with the Carlyle Group for $325 million in 2007, doesn’t find a partner, mezzanine debt holder Shorenstein Properties will likely move in on its stake.

Carlyle has already written off the investment as a loss, according to Crain’s, so it isn’t helping in the search for another partner. [more]

T.J. Maxx appears poised to take on Century 21′s stronghold on discount retail in Lower Manhattan. According to the Post, the cheap fashion purveyor is in talks to lease space at Capstone Equities-owned 14 Wall Street. Broker Peter Ripka, of Ripco Real Estate, was mum on the deal, but T.J. Maxx usually takes between 25,000 and 30,000 square feet of space. Yesterday, news broke that competitor Century 21 would be opening a branch in the soon-to-be-ex-Barnes & Noble space near Lincoln Center, not far from where T.J. Maxx inked a deal at 250 West 57th Street earlier this year. The company, which already has an Upper West Side location at Columbus Square, is also slated to open a location at Bridgemarket, under the Queensboro Bridge. [Post]

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JPMorgan Chase is in contract to sell 4 New York Plaza for $108.9
million, or $99 per square foot, the Post reported. The buyers of the
23-story, 1.1 million-square-foot building are Harbor Group
International, a real estate company based in Norfolk, Va., and Josh
Zamir’s Capstone Equities, which owns and operates more than 8 million
square feet, including 14 Wall Street and 156 William Street. An e-mail
written by Zamir and obtained by the Post revealed that JPMorgan, which
had also been previously looking to sell One Chase Manhattan Plaza,
would lease back 75 percent of the building at Broad and Water streets
for 15 years. The bank is hoping to collect $1 billion total on the
sale of a portfolio of 23 office buildings in eight states. [Post]