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New York Business Journal
CMBS apartment distress surges as operators struggle to refinance
Distress in the multifamily sector of commercial real estate is mounting as debt issued during a time of ultra-low interest rates is coming due.<\p> Among commercial mortgage-backed securities loans for single-borrower, large multifamily properties, the rate of distress is up 185% in the past six months, according to an analysis by Wayne, Pennsylvania-based commercial real estate data-analytics platform CRED iQ.<\p>
New sushi-counter concept opens in Manhattan
Sendo, a new sushi-counter concept, opened Friday in Manhattan’s NoMad neighborhood.<\p> The 300-square-foot space is located on the second floor of 876 6th Ave. It features a 10-seat black marble dining counter.<\p>
CBRE named MetLife Building's leasing agent, signs long-term renewal
CBRE Group Inc. has extended its lease at the MetLife Building and has been named the exclusive leasing agent, property and asset manager of the Midtown Manhattan tower. <\p> It takes over the building responsibilities from Tishman Speyer.<\p>
Cannabis dispensary to open at The Refinery at Domino
Cannabis dispensary Gotham plans to open a new site in Brooklyn's Williamsburg neighborhood this fall.<\p> The new property targets The Refinery at Domino, an 11-acre redevelopment of the former Domino Sugar Factory site.<\p>
Chinese gastrobar opens in the East Village
Sichuan gastrobar Wonderland has opened in Manhattan’s East Village.<\p> The new venture's 2,000-square-foot space, located at 96 2nd Ave., features greenery ceilings, Tiffany crystal butterfly lamps and a dry ice cauldron centerpiece.<\p>
Supplement manufacturer moving headquarters to Florida from New York
A supplement manufacturer has signed a big industrial deal in Largo, Florida, where it plans to move its headquarters from New York.<\p> Supplement Manufacturing Partners (SMP Nutra) has signed a lease for 103,494 square feet at 12333 Enterprise Blvd. in Largo, JLL Inc. said Wednesday. SMP Nutra is moving its headquarters to Largo from Long Island and will employ 100 people at the Largo facility.<\p>
Manhattan landlord leases up 3 floors on Park Avenue across 2 deals
Two tenants have signed new leases at two of SL Green's New York City office properties on Park Avenue.<\p> Tradeweb Markets LLC, a global operator of electronic marketplaces, will be in an approximately 75,800-square-foot space, located at 245 Park Ave., that spans the entire 29th and 30th floors. The lease is for 15 years while asking rent was $145 per square foot.<\p>
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