---
title: "Affinius Capital Provides $88M Acquisition Financing for CitySpire Office Purchase"
url: https://burnaze.com/article/f3835aab-4d68-4c1e-83c2-3ff1450de06f
source: "Commercial Observer"
original_url: https://commercialobserver.com/2026/05/affinius-capital-88m-acquisition-financing-cityspire-office-purchase/
author: "Brian Pascus"
category: "Real Estate"
topics: ["Finance & M&A"]
published: 2026-05-26T12:18:54.000Z
modified: 2026-10-31T13:17:53.708Z
image: https://commercialobserver.com/wp-content/uploads/sites/3/2026/05/Michael-Shah-Rob-Speyer-Cityspire-156-W-56th-St-credit-Epicgenius_cc-by-sa-4.0-via-WIkimedia-Commons.jpg?quality=80&resize=1200%2C630&strip=
---

# Affinius Capital Provides $88M Acquisition Financing for CitySpire Office Purchase

**TL;DR:** CO related in February that Tishman Speyer and GIC sold CitySpire to DelShah Capital and A.M.

*By Brian Pascus, originally published in Commercial Observer on 2026-05-26. [Read the original](https://commercialobserver.com/2026/05/affinius-capital-88m-acquisition-financing-cityspire-office-purchase/).*

## Story

**Affinius Capital** has provided $88 million to the joint venture acquiring the 24-floor office component of **CitySpire**, the 70-story, 377,500-square-foot office and condo tower on West 56th Street in Manhattan, Commercial Observer can first report.

CO related in February that **Tishman Speyer** and **GIC** sold CitySpire to **DelShah Capital** and **A.M. Property Holding Corporation** for $137.5 million. The deal closed last week, sources said.

CO can also first report that **Realm** is part of the partnership with DelShah Capital and A.M. Properties to acquire the office portion of CitySpire.

**Newmark**’s **Adam Spies, Avery Silverstein, Adam Doneger, Joshua King** and **Marcella Fasulo** represented Tishman and GIC in the deal, while Newmark’s **Jordan Roeschlaub, Christopher Kramer, Nick Scribani** and **Tim Polglase** arranged the acquisition financing.

**Travis King**, founder and CEO of REALM, noted in a statement that his firm has seen “strong fundamentals” in Midtown office assets, primarily those with strong leasing activity.

CitySpire’s office component currently reports 98 percent occupancy following $22 million of investments into capital improvements made by Tishman and GIC.

“CitySpire reflects our focus on highly selective investments with strong downside protection and long-term upside,” said King.

The joint venture of REALM, DelShah Capital and A.M. Property Holding Corporation purchased CitySpire at an 8.5 percent cap rate and will inherit a building with renovated common areas and a current tenant list that includes footwear giant **Caleres**, law firm **Windels Marx Lane & Mittendorf** and **New York Road Runner**s, according to REALM.

CitySpire is located at **156 West 56th Stree****t** in Midtown West, and was developed by **Ian Bruce Eichner**, founder of the **Continuum Company**. The tower opened in 1990 to much fanfare, as it became the second-tallest stone and concrete tower in the U.S. after the Sears Tower (now **Willis Tower**) in Chicago, and became famous for combining luxury condos with multiple floors of office space.

**David Greenburg**, managing director and co-head of debt origination at Affinius Capital, called CitySpire “a compelling re-entry point into the office sector” for his investment firm.

“The asset’s irreplaceable Plaza District location, institutional-quality fundamentals, and near-full occupancy reflect the criteria we prioritize, and we remain confident in the long-term performance of well-located office,” said Greenburg.

Keywords: 156 West 56th Street, Adam Spies, Cityspire, David Greenburg, Ian Bruce Eichner, Jordan Roeschlaub, Travis King, A.M. Property Holding Corporation, DelShah Capital, GIC, Realm, Tishman Speyer

## Entities

- Commercial Observer (publication)
- Brian Pascus (person)

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Originally reported by Brian Pascus, Commercial Observer (https://commercialobserver.com/2026/05/affinius-capital-88m-acquisition-financing-cityspire-office-purchase/). Summarized by Burnaze (https://burnaze.com/article/f3835aab-4d68-4c1e-83c2-3ff1450de06f).