News: Spotlight Content

August

Freidus of Andover Realty brokers $22m sale of 40,500 s/f parking facility; previously completed the sale of the same Avis property for $12.2m Pisanelli of U.S. Realty Cap. secures a $4.054m construction and permanent loan for a 71-room Holiday Inn Express & Suites in Cicero Sherwood Equities completes $24m improvement program at 370 Lexington Ave.; small-tenant focus differentiates upgrated Midtown tower GreenbergFarrow designs 66-unit Zazza Williamsburg; 20-story Brooklyn rental property developed by Zazza Development Group Argo Management awarded contract for Roosevelt Terrace in Queens; management contract is for a four-building residential complex Wiener and Livingston of Wells Fargo Multifamily Cap. originate $40.3m Freddie Mac loan to refinance The Gramercy, 260-unit property Cooper-Horowitz arranges total of $79.965 million in financing; Jeffrey and Richard Horwitz secure a $50 million loan for four industrial props. The Largo Group of Cos. refinances Quality Inn and Suites in Buffalo; $3.1 million loan arranged for existing debt on 104-room property Mikula of HFF executes $3.25 million loan; financing arranged for two industrial/flex buildings on Long Island totaling 52,500 s/f Gordon of Admiral Real Estate handles five leases totaling 11,000 s/f; includes 2,000 s/f to Go Figure Fitness at 220 Purchase St. in Rye Fontanetta of Trinity Real Estate arranges 10-year, 1,302 s/f lease at , 205 Hudson St; Nolan of NSNYRE represented the tenant, Praxis Films Norten of TEN Arquitectos unveils hotel condominium-Cassa; project to be completed mid-2010 and will be operated by Desires Hotel Crossroads Cos. to start construction of $17m ShopRite; 92,000 s/f center to create over 400 jobs, generate approx. $500,000 in annual taxes Crown Acquisitions brings Hollister and 24 Hour Fitness to 600 Broadway; SoHo property to house Hollister's new 40,000 s/f flagship Meer of Friedland Realty closes three leases valued in excess of $6 million; the transactions were handled on behalf of Liberty Travel Jungreis and Steinmetz of Rosewood Realty Group broker $3.6m sale of 51,900 s/f building; 50-unit, six-story elevator multifamily Ursino of Marcus & Millichap Capital Corp. arranges $4.53 million loan for the acquisition of an 8,700 s/f mixed-use building at 229 Lenox Ave. Cetra/Ruddy designs green-hued façade for 11-story L haus condominium; Stahl Org. is the owner, Pru. Douglas Elliman is excl. agent Aragon Construction completes building a 13,000 s/f office space for The Forward Assoc.; Aragon also renovated 5,000 s/f for sublease tenant Enrique Norten of TEN Arquitectos unveils hotel condominium proj., Cassa; Manhattan building to rise 500 ft. high, located on 45th St. Englewood Const. completes 43,000 s/f renovation of American Girl Place store; Project team includes Gensler Architects and JNJ Const. Tepedino and Klein of HFF finance $47 million for the 640,000 s/f Cortland Towne Center; Placed on behalf of Arcadia Realty Trust Bruckner of Charter RE Brokerage closes three multifamily deals totaling $2.2 million; includes the $850,000 sale of a 37-unit walk-up building Pavia Real Estate closes three sales totaling $6.94m and four leases; Dominic Pavia represented both parties in $6.4m sale of Best Western Gyory and Kasman develop three-story, 48,000 s/f Thornwood Self Storage Center-$4.325m project; team includes Mercury Solar, LJK Wall H2M completes work on 11,000 s/f Sayville Library; professional architectural and engineering services provided in with LPA Assoc. Lincoln Equities Group negotiates 10,354 s/f lease expansion/extension; Ackerman of Lincoln Equities represented the owner, Willett Cos. JRS Architect designs facility to house one of world's most powerful MRI devices in Lake Success; team includes Lalezarian Developers
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