Porven Real Estate buys 204 Fifth for $43M

Porven Real Estate, a New Jersey-based company, has spent $42.5 million to buy 204 Fifth Avenue from Artemis Partners, according to property records filed Monday. The 14,538-square-foot office property stands four stories tall across from Madison Square Park in the Garment District and is a Beaux-Arts commercial building. It was put on the market with[…]

Apartment List raises $50M in Series C round

Apartment List has raised another $50 million in a Series C funding round, bringing the rental listing platform’s total funding to $110 million, the company announced Thursday. Passport Capital founder John Burbank led the latest round of funding and will take a seat on the company’s board of directors, while other participating companies included Canaan[…]

Leasing launches at 411 West 35th Street in Hudson Yards

Leasing is officially underway for the 12-story Hudson Yards building at 411 West 35th Street. The building, called the Lewis, stands at 120 feet and contains 186 rental units, according to YIMBY. Bronx-based Joy Construction and Jorge Madruga’s MADDD Equities developed the project, while Douglas Elliman is handling leasing and marketing. The Lewis spans 191,700[…]

TF Cornerstone buys LIC site for $26M

TF Cornerstone has scooped up another Long Island City property, buying 38-21 12th Street for $25.5 million. The one-story industrial building spans 37,700 square feet and was sold by a pair of LLCs linked to Elysabeth Kleinhans, according to property records. Kleinhans head up the nonprofit 5959 Theaters, and the LLCs purchased the site in[…]