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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.

Walsh and Ruggieri of NKF exclusively represent Ivy Realty for 79,301 s/f in leases at White Plains Plaza

White Plains, NY Newmark Knight Frank (NKF) has closed leasing transactions at White Plains Plaza totaling 79,301 s/f. The owner, Ivy Realty...

Guarino and Smith of Friedman-Roth Realty collaborate in $8.3 million sale

Manhattan, NY Friedman-Roth Realty Services completed the sale of 133 Ave. D in the East Village neighborhood. The deal closed at a sale price of $8.3 million (or $450 per s/f) with a GRM of 13.9 and a CAP rate of 4.37%. This property was exclusively listed by Richard Guarino, a partner at Friedman-Roth, on behalf of the seller, Vintage Properties. 

Hempstead IDA approves sale of Lynbrook office building to Welltower

Hempstead, NY According to Fred Parola, CEO of the town of Hempstead Industrial Development Agency (IDA), the agency has consented to the sale of a Lynbrook office building and the transfer of existing economic incentives to the new owner, a national real estate investment trust. 

Greenberg, Rappaport of Resnick secure 280,000 s/f lease at 315 Hudson; Rapp, Hollander, Lehman & Herlihy of CBRE act for Google

Manhattan, NY According to Jack Resnick & Sons, Google, Inc. will locate a portion of its expanding office campus at 315 Hudson St., a n...

Ukah of EPIC Commercial Realty sells Bronx development site for $2.7 million

Bronx, NY According to EPIC Commercial Realty, the firm has completed the sale of 720-722 East 216th St., two contiguous parcels consisting a development site in  the Williamsbridge neighborhood. The property traded for $2.7 million. Emmanuel Ukah, investment sales associate at EPIC Commercial, represented the sellers and the buyer.