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June 4, 2025 - Deals

Kamran Hakim's Hakim Organization Secures $99.8 Million Refinancing Loan For Kips Bay Multifamily

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LOAN IMAGE: Kamran Hakim DATE: 05/20/2025 ADDRESS: 222 East 34th Street MARKET: Kips Bay, Manhattan ASSET TYPE: Multifamily LENDER: Northwestern Mutual Life Insurance Company LANDLORD: Kamran Hakim - Hakim Organization LOAN AMOUNT: $99,800,000 LOAN TYPE: Refinance NOTE: Kamran Hakim’s Hakim Organization secured a $99.8 million refinancing loan from Northwestern Mutual Life Insurance Company for a 480-unit residential building at 222 East 34th Street, extending the maturity date to June 15, 2030. #NewYork #RealEstate #TradedNY #NY #NewYorkRealEstate #NYCRealEstate #NewYorkCity #Multifamily #KipsBay #Manhattan #KamranHakim #HakimOrganization #NorthwesternMutualLifeInsuranceCompany

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Puppy Sphere Secures Seed Round Of $24 Million From Strategic Investors Including The School Of Hard KnocksPuppy Sphere (@ThePuppySphere), a New York-based wellness brand centered on the human-animal bond, has raised a Seed round from a group of strategic investors including The School of Hard Knocks, Tobi Oluwole, Jake Fleshner, Torch Collective, former Massage Envy CEO David Humphrey, and other founders and operators. Founded by Francesca Albo and Lea Burbidge Izquierdo, Puppy Sphere has scaled its puppy yoga concept into a broader experiential wellness platform with 13 studios, corporate wellness programs, brand partnerships, and live activations, serving more than 450,000 customers and partnering with companies including Google, Amazon, Netflix, TikTok, and the NBA. FUN FACT: Puppy Sphere was born from two Canadian founders’ own mental health journeys and has since grown into 13 studios across North America, $14M+ in cumulative revenue, and 450,000+ customers, all without outside capital. Along the way, the brand has welcomed names like Sabrina Carpenter, Simu Liu, Trevor Noah and Alessia Cara, while building a broader wellness platform around the gentle power of puppy therapy. Now Puppy Sphere is opening its cap table for the first time through a strategic angel round, bringing together leaders across media, consumer growth and wellness, including The School of Hard Knocks, former Massage Envy CEO David Humphrey, growth entrepreneur Tobi Oluwole, and Nucleus Network co-founder Jake Fleshner, alongside a broader group of strategic founders and operators. The vision: bring the gentle power of puppy therapy across the globe. FOUNDERS: Francesca Albo (@FrancescaaAlbo), Lea Burbidge Izquierdo (@LeaburbIz) INVESTORS: The School of Hard Knocks (@TheSchoolofHardKnockz), Tobi Oluwole (@TheTobiOluwole), Jake Fleshner (@JakeFleshner) Torch Collective, Heather Stark, Will Bodewes, Craig Zingerline & more ROUND: Seed VALUATION CAP: $24,000,000 HQ: New York, New York #VentureCapital #PuppySphere #TradedPartner #FrancescaAlbo #TradedVC