The Real Deal New York

Posts Tagged ‘tf cornerstone’

  • Thomas and Frederick Elghahayan

    From left: Thomas and Frederick Elghahayan and Queens West in Long Island City

    Sean Dowdell was awarded $26 million to be paid by TF Cornerstone as compensation for a 2012 accident in which the construction worker fell from a scaffold and lost a leg. [more]

  • A rendering of 645 Madison Avenue with William and Rick Friedland

    A rendering of 645 Madison Avenue with William and Rick Friedland

    Nightingale Properties and the Friedland Properties bought an $76 million operating lease for a prime corner property on Madison Avenue, eyeing a quick upside from the building’s retail portion. [more]

  • Bleecker Court

    77 Bleecker Street in Greenwich Village (inset: Randy Sherman and Glenn Tolchin)

    The residents of a 243-unit residential co-op building in Greenwich Village banded together to acquire the master lease for the retail and office space at its base for $25.8 million, nearly $1,400 per square foot. [more]

  • From left: 355 East 72nd Street, a development site at 1179-1183 Second Avenue and 250 East 63rd Street

    From left: 355 East 72nd Street, a development site at 1179-1183 Second Avenue and 250 East 63rd Street

    A branch of the Elghanayan real-estate family tree is looking to sell an Upper East Side residential portfolio that could go for $400 million or more, The Real Deal has learned. [more]

  • 387 park avenue south

    Rendering of 387 Park Avenue South (credit: TF Cornerstone)

    TF Cornerstone is looking for a $140 million loan to replace existing debt on its 12-story office property at 387 Park Avenue South.

    The Singer & Bassuk Organization has been tapped to arrange the deal, which will mark the firm’s ninth transaction for the developer in two-and-a-half years, the New York Observer reported. The developer is looking for a 10-year — or longer — fixed-rate loan. [more]

    1 Comment
  • 606 West 57th Street in Midtown West

    Rendering of 606 West 57th Street in Midtown West (credit: Arquitectonica)

    TF Cornerstone’s hulking residential project at 606 West 57th Street just got a new rendering. [more]

  • Citi Habitats' Gary Malin

    Citi Habitats’ Gary Malin

    Residential brokerage Citi Habitats inked a lease for a new corporate headquarters at TF Cornerstone’s 387 Park Avenue South.

    The firm is taking up roughly 19,000 square feet on the fourth floor of the building between East 27th and East 28th streets, which is a few blocks north from its current offices, according to the New York Observer. Citi Habitats is also leasing a 500-square-foot storage space in the basement. [more]

  • fdny

    Partial building collapse at 642 West 57th Street in Hell’s Kitchen (credit: FDNY)

    UPDATED, 7:50 p.m., Feb. 25: A three-story Hell’s Kitchen building owned by TF Cornerstone partially collapsed this afternoon while it was being demolished. At least one person, a construction worker on the site at 642 West 57th Street and 11th Avenue, was injured, according to DNAinfo and other news reports. [more]

  • From left:

    From left: Sacha Zarba, a rendering of 387 Park Avenue South and Matt Leon

    Criteo is moving into a 40,000-square-foot office space at TF Cornerstone’s 387 Park Avenue South. [more]

  • 33-bond

    From left: 33 Bond Street in Downtown Brooklyn and Thomas and Fred Elghanayan

    Thomas and Fred Elghanayan’s TF Cornerstone secured a $250 million mortgage from the New York State Housing Finance Agency for its planned 714-unit residential building at 33 Bond Street, according to property records filed with the city today. [more]

  • cornerstone

    From left: Rendering of 606 West 57th Street and Thomas and Fred Elghanayan

    Developer TF Cornerstone received a $384 million construction loan for its 42-story tower project at 606 West 57th Street on the far West Side. [more]

  • 645

    645 Madison Avenue in Midtown and Joanne Podell

    The 40,000-square-foot retail component at TF Cornerstone’s 22-story office building in Midtown East is being marketed, according to the developer.

    Joanne Podell and Andrew Kahn of Cushman & Wakefield are serving as exclusive retail agents on the property. The retail space spans several floors and sits at the base of the 164,000-square-foot building at East 60th Street. Women’s clothing store Ann Taylor occupied the retail space until it closed earlier this year. [more]

  • Barnett-Elghanayan-Jobs4NY

    From left: Gary Barnett, Thomas Elghanayan, Richard Lefrak, Leonard Litwin and Donald Zucker

    New York City’s biggest real estate developers made a big splash in the political arena this month just before the election, forking out more than $2.5 million to Jobs for New York, a pro-industry political action committee backed by the Real Estate Board of New York. [more]

  • 285 Schermerhorn Street in Downtown Brooklyn

    285 Schermerhorn Street, Brooklyn

    Despite reports that TF Cornerstone made an offer for Brooklyn Community Services’ seven-story headquarters in the borough’s downtown, no land has changed hands just yet. And yet, a new building application filed with the Department of Buildings reveals plans to double the size of the existing building.

    The plan, spotted by New York YIMBY, calls for the structure at 285 Schermerhorn Street to be stretched to 14 stories and fashioned into a 106-unit, 91,000-square-foot apartment tower. The developer is Second Development Services, and the architect is listed as GF55 Partners. [more]

  • 46-10 Center Boulevard

    46-10 Center Boulevard

    TF Cornerstone’s 46-10 Center Boulevard is now fully leased. [more]

  • 262 Kent Avenue

    262 Kent Avenue

    From a skyscraper on the far West Side to the new plans for the 5Pointz site, a wide variety of permit applications were filed with the city in July. Find out more about these projects after the jump.

  • nyu

    Rendering of 370 Jay Street in Brooklyn

    TF Cornerstone’s 25-story Brooklyn apartment building and NYU’s restoration of the long-vacant, city-owned former Metropolitan Transportation Authority site are among the latest projects to receive a new batch of mind-blowing renderings in the past week or so. Click here for renderings and more.

  • From left: The View, Eric Benaim and Justin Elghanayan

    From left: The View, Eric Benaim and Justin Elghanayan

    A panel of residential experts discussed yesterday a number of areas where Long Island City has room for improvement. One thing they agreed on: the need to grow the supply of condominiums. [more]

  • From left: the View and Silvette Julian

    From left: The View at 46-30 Center Boulevard and Silvette Julian

    A Colombian buyer set a new record for the most expensive condo in Queens’ when she paid $3.35 million last month for a waterfront apartment in Long Island City, records show.

    The international buyer paid cash for the ground-floor apartment with city views and a private garden. The unit is located in TF Cornerstone’s 17-story The View in the Hunters Point section. [more]

  • 152 West 57th Street

    152 West 57th Street

    Anthony Edson and William Sheoris, two of the founders of hedge fund Stone Tower Capital, have inked a 5,000-square-foot space on the 27th floor of the Carnegie Hall Tower for their new venture, Fair Oaks Capital.

    The new hedge fund will set up shop above the duo’s original Stone Tower space at 152 West 57th Street, which snagged a 4,500-square-foot space in the tower’s base back in 2003. That spread eventually expanded to 30,000 square feet before the company was acquired by Apollo in 2012 and relocated to 9 West 57th Street. [more]