BD Hotels defaults on Watson Hotel mortgage
The cracks are starting to show in New York City’s hotel market. Richard Born and Ira Drukier’s BD Hotels — the largest boutique hotel company in the city — has stopped making payments on...
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These were the top 10 outer borough loans last month
Major projects in Greenpoint and Flushing topped the list of the largest outer borough loans for July. The Greenpoint,...
Naftali Group lands $176M for (another) Upper East side project
The Naftali Group has landed another major financing package for another large project on the Upper East Side. HSBC...
Dermot lands $120M loan for Hell’s Kitchen rental complex buy
The Dermot Company secured a $120 million loan for its acquisition of the Helux apartment complex in Hell’s Kitchen....
Zeckendorf lands $175M refi for 520 Park
Zeckendorf Development has landed a $175 million refinancing package from HSBC for its luxury condominium project at 520 Park Avenue, according to property records. HSBC assumed the existing $175 million of loans on the...
Eyal Ofer lands $140M refi for 410 Park
Eyal Ofer’s Global Holdings refinanced 410 Park Avenue with a $140 million mortgage from HSBC, property records show. The new loan replaces a $125 million mortgage from the same lender that was issued in...
Deutsche, HSBC to lead $800M 28 Liberty refi
Deutsche Bank and HSBC have term sheets out to refinance Fosun International’s 2.1 million-square-foot 28 Liberty office tower in...
HSBC, Edge Fund shop stake in Times Square office condo
HSBC and Edge Fund Advisors are about to test whether the Manhattan trophy property sales market has fully recovered...
HSBC renews 548K sf lease at 452 Fifth
Financial services giant HSBC Bank is staying put at its U.S. headquarters at 452 Fifth Avenue, after several years of exploring its options elsewhere, The Real Deal has learned. The London-based bank has inked...
F&T lands $214 million construction loan for Tangram project
F&T Group secured a $214.1 million construction loan from HSBC Bank for the Tangram, a four-building Flushing complex that...