Brightshore Capital announced its acquisition of DŌMI in Long Island City on November 2, financed with a $98.5 million loan from Affinius Capital. The 190-apartment property is in Dutch Kills. ARCFE considers what this completed acquisition shows about institutional participation in the neighborhood.

Terra Developers has completed a $28 million 500 Columbus Avenue acquisition on Manhattan’s Upper West Side, adding a mixed-use property one block from Central Park to its New York portfolio. According to Commercial Observer, longtime owner CKMR Corporation sold the five-story property to Terra Developers. The building contains approximately 35,300 square feet at the northwest corner of West 84th Street and Columbus Avenue. The transaction was financed with a $25 million loan

60 Guilders and Sentry Realty have acquired 1441 Broadway, a Midtown Manhattan office property also known as 10 Times Square, for approximately $240 million. According to Commercial Observer, the estate of L.H. Charney sold the property, while Newmark arranged both the sale and the acquisition financing. Fortress provided the buyers with a floating-rate acquisition loan equal to approximately 70% of total project cost. This means the transaction combines acquisition debt with