Real estate in brief

September 16, 2009 10:59AM

Cushman & Wakefield arranges $43 million refinancing

Cushman & Wakefield Sonnenblick Goldman’s Global Hospitality Group has
arranged a $43 million refinancing for the 312-room Courtyard
Manhattan/Midtown East, located on Third Avenue between 52nd and 53rd
streets. Mark Gordon, Jared Kelso and Alison Tan from CWSG represented
DiamondRock Hospitality Company. Gordon said
that
the improved lending environment allowed for a better financing arrangement. “Each month, additional lenders express interest in
providing
financing for the hotel industry, resulting in increased capital availability at more desirable terms,” Gordon said.

NYC gets first LEED-certified academic building

George Campbell Jr., president of the Cooper Union for the Advancement of
Science and Art, and Ronald Drucker, chairman of the board of trustees at
the college, hosted a ribbon cutting ceremony yesterday for 41 Cooper
Square, New York City’s first LEED-certified academic building. The
building, located on Third Avenue between East 6th and 7th streets, is also
Cooper Union college’s first sustainable academic building. The building has a full-height atrium and 20-foot
wide staircases. TRD