BY DANIEL EDWARD ROSEN

Family-owned real estate company DSA Management has inked a 7-year lease to take part of the 11th floor at 60 Madison Avenue, The Commercial Observer has learned.

The company, which is currently listed at 113 East 12th Street, will be moving into a 2,200-square-foot office space inside the The Moinian Group-owned building.

Daniel Lolai of Murray Hill Properties represented DSA Management in the deal. Jovani Rampersad of The Moinian Group represented the landlord in-house.

Asking rent was $45-a-square-foot.

The space had been vacant for a spell, while the 11th floor of 60 Madison Avenue attracted a mix of new tenants like consulting and design companies, a person familiar with the deal said. Corbel Capital Services, a financial firm, and G. Hensler & Company , a fashion designer, also take space on the 11th floor, according to CoStar data.

Mr. Lolai (who sources say recently got hitched) and Mr. Rampersad did not respond to requests for comments.

Launched in 2007 by Arik Lifshitz and Jesse Rhinier, DSA Realty does a combination of commercial real estate and residential brokerage.

Located just by Madison Square Park, 60 Madison Avenue is currently seven office spaces in the building, including the entire 2nd, 5th and 6th floors, according to the building's website.

BY CARL GAINES

CWCapital has arranged a $46 million loan for a mixed-use building on Manhattan’s Upper West Side.

The loan was provided by Principal Real Estate Investors, which through a spokesman said that it has been targeting such “attractive opportunities,” investing in multifamily throughout the New York City boroughs.

Todd Trehubenko, a CWCapital managing director, arranged the financing. The company declined to comment beyond a release about the deal, citing requested anonymity on the part of the borrower. However, Mr. Trehubenko said in a prepared statement that CWCapital was “very pleased to be able to complete this transaction for the borrower.”

He added that it is “a top quality asset in a terrific location, with dedicated, long-term ownership.”

“We reviewed numerous options for the client and ultimately determined a life company execution best met their goals for long term, low leverage financing,” Mr. Trehubenko continued. “The refinancing generated a great deal of interest from our financing partners, which resulted in very attractive terms for our client.”

CWCapital, which Bethesda, Md.-based Walker & Dunlop announced plans to acquire in June, worked with CW Financial Services affiliate Rockwood Real Estate Advisors on the deal. Andre Dobrowsky represented Rockwood.

Michael Berman, president and CEO of CWCapital, weighed in on the deal in a prepared statement as well, pointing out that it boded well for the firm’s new life insurance platform.

“Since launching our life company platform last year, we have established a strong network of relationships, including the very capable team at Principal,” he said, “which has allowed us to assure our borrowers have access to the most competitive and flexible financing options.”

Meanwhile, a Principal Real Estate Investors spokesman said in an email to The Mortgage Observer that it was “attracted by the conservative nature of the loan request” and that “the borrower liked our terms and aggressive pricing.” He hinted that there would likely be more investments to come.

“In the last three years, Principal Real Estate Investors has seen attractive opportunities and made a significant number of new investments in financing apartment properties in Manhattan, Brooklyn, Queens and Staten Island,” the email read. “That appetite for investment continues today, not only for apartments, but for office properties as well.”