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DKNY’s Midtown Headquarters On The Market For $65 Million, Investor Doubts Swirl
Fashion label DKNY has put its 150,000-square-foot Midtown headquarters on the market for $65 million. A partnership led by Sitt Asset Management owns the property at 240 West 40th Street, between...
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Aareal Capital Funds Olmstead’s Latest Garment District Buy
Aareal Capital Corporation provided a $60 million loan to New York-based Olmstead Properties and the green real estate firm Jonathan Rose Companies to help fund their purchase of a 12-story office and...
View ArticleDKNY Deal Dead at RFR Realty’s 285 Madison Avenue
DKNY is no longer slated to relocate its headquarters to RFR Realty’s 285 Madison Avenue after talks between the fashion company and the landlord broke down, Commercial Observer has learned. “The...
View ArticleREBNY Honoree: Steven Marvin
Steven Marvin of Olmstead Properties represents both his company’s 2.5-million-square-foot portfolio, where he is a partner and executive managing director, and he reps some of the tenants. He offered...
View ArticleMack Real Estate, Signature Bank Lend $83M on Sioni Group’s Garment District Buy
Ray Yadidi’s Sioni Group has scored $82.5 million in acquisition financing for its $105 million purchase of 240 West 40th Street—a 160,000-square-foot Garment District office and retail building that...
View ArticleXomox Jewelry Inks 14K-SF Lease at 240 West 40th Street
Xomox Jewelry will move its workspace to 13,500 square feet at 240 West 40th Street. The jewelry manufacturer, founded in 1996, signed a 10-year lease to more than double its workspace from its current...
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