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Mann of Friedman-Roth acts for buyer and seller in $19.75 million sale

Manhattan, NY Friedman-Roth Realty Services has arranged the first sale in almost 20 years, the disposition of 112 West 138th St. (aka The Invincible Court).  Located in Central Harlem between Lenox Ave. and Adam Clayton Powell Blvd., this six story elevator building consists of 54 large apartments. The 39,000 s/f building sold for $19.25 million, a 3% cap rate and 19 times rent-roll.

Outside the Region: SolarKal and partners complete solar project at Atlantic Blueberry farm

Hammonton, NJ According to SolarKal, a commercial solar energy advisor, and Atlantic Blueberry, SolarKal and their partners have completed t...

Outside the Region: Largo arranges $30.4m in acquisition financing for Toronto industrial portfolio

Toronto, ON Kevin Heiss, managing director of Largo’s Canadian operations, arranged $30.4 million in acquisition financing for an indu...

Oxford Property Group and Rhino partner to launch rental search tool

New York, NY Oxford Property Group and Rhino have launched a new deposit-free search tool that allows prospective renters and their brokers to search for exclusive deposit-free listings through Oxford Property’s own online search tools.

Outside the Region: Arbor funds $11.4 million in Freddie Mac and Fannie Mae transactions

Oklahoma City, OK Arbor Realty Trust, Inc. funded a portfolio of Freddie Mac and Fannie Mae loans in Georgia, Tennessee and Oklahoma. The th...

Pollan and Myers of Kassin Sabbagh Realty broker $47 million sale on behalf of UOVO

Brooklyn, NY According to Kassin Sabbagh Realty, LLC, (KSR) UOVO, a provider of art, fashion and collections storage and services, has closed on the off-market sale of 105 Evergreen Ave. Totaling 150,000 s/f, the building is on a 77,000 s/f parcel in the Bushwick neighborhood.  Steven Pollan and Daniel Myers of KSR brokered the $47 million sale. 

Richman named new CEO of Rakow Commercial Realty Group

White Plains, NY According to Rick Rakow, founder of Rakow Commercial Realty Group (Rakow Group), David Richman, long time senior broker at the firm, has acquired the company and is the new CEO.  Richman will run the day-to-day operations of the firm, with Rakow stepping into his new role as chairman, working side-by-side with Richman to further grow the firm while continuing to serve its clients. Rakow Group is a full-service commercial real estate firm that serves the office, medical, retail, investment, and industrial markets in Westchester and Fairfield counties with over 30 years experience. In addition to its several thousand transactions, they have represented such organizations as IBM, White Plains Hospital, Bleakley Platt & Schmidt, Citrin Cooperman, Feeding Westchester, illy cafe’ North America and PURE Insurance.

Brookhaven IDA approves United Rentals incentives

East Patchogue, NY According to Frederick Braun III, chairman of the town of Brookhaven Industrial Development Agency, (IDA) the agency has ...

Schultz of Lee & Assocs. NYC closes six leases

Manhattan, NY Jaime Schultz, executive managing director of Lee & Associates NYC has arranged six 10-year leases for Van Leeuwen. The si...

Gilmartin, CEO of L&L MAG, speaks at Fordham RE Institute event–Diversity, mentors

New York, NY On Thursday, November 29, some of real estate’s biggest names and rising stars came together for a night of cocktails and conversation when Fordham Real Estate Institute (REI) and MaryAnne Gilmartin, co-founder and CEO of L&L MAG, presented CEO + One.