Markets

GFP Real Estate and BDT & MSD Partners announced that 1540 Broadway has signed more than 74,000 square feet in new long-term office leases with Pandora Jewelry and Woori Bank New York Agency. The transactions coincide with significant progress on the Fogarty Finger–led renovation of the 907,000-square-foot property. In the first transaction, Pandora Jewelry, LLC signed a long-term lease for the entire 34th floor totaling 27,936 square feet, ...

Slatt Capital, a nationally recognized commercial mortgage banking firm, closed a financing transaction totaling $10.2 million for a mixed-use project in Pasadena. San Diego-based principal Gary Goss led the refinancing transaction for The Standard, a 27,389-square-foot multi-tenant, mixed-use property built in 1905. The life company transaction featured a five-year term and was executed as debt financing. Assistant ...

Marcus & Millichap closed the $9.75-million sale of 42-81 Hunter St., a development site in the Court Square neighborhood of Long Island City, Queens. David Cornejo, Shaun Riney and Sean Fopeano of Marcus & Millichap’s New York City office, represented the seller, Werwaiss Properties, and procured the buyer, BS Northern Realty LLC.  “By leveraging real-time market intelligence, our team was able to exceed ownership’s original pricing expectations,” said Cornejo. “Our strategic ...

Newmark represented West Capital Lending in its $23.75-million acquisition of 17911 Von Karman Ave., a 104,375-square-foot, five-story Class A office building located in the Irvine Concourse submarket of Irvine. Executive managing directors Jay Nugent and Scott Read represented the buyer. The seller was John Hancock Life Insurance, which had owned the building since 2016. In ...