First Development named agent for People’s Arc of Suffolk’s 74,000 s/f property at 2900 Veterans Hwy.
Bohemia, NY People’s Arc of Suffolk, formerly known as AHRC Suffolk, plans to explore the sale of its building located at 2900 Veterans Hwy. The decision comes as the organization seeks to align its operations more closely with its mission of serving people with
PX4 Development opens 14th
Aldi store on Long Island
Central Islip, NY PX4 Development celebrated the grand opening of the 14th Aldi store in Long Island, located at 215 Carleton Ave. The new store opened its doors to the community with a celebratory ribbon-cutting ceremony attended by local leaders, community
Perlman of Largo Real Estate Advisors
closes two loans for $6.5 million
Williamsville, NY Ned Perlman, vice president of Upstate Originations at Largo Real Estate Advisors, Inc., closed two upstate properties totaling $6.5 million. The first property is a 18,610 s/f retail property. Most of the space is occupied by a local restaurant tenant.
Empire Commercial Construction builds-out 25,000 s/f at Lowe’s Plaza for Get Air Trampoline Park
Greece, NY Empire Commercial Construction completed the contract for Get Air Trampoline Park. Empire partnered with Greater Living Architecture for design of the over 25,000 s/f tenant fit-out located at 3160 West Ridge Rd. in the existing Lowe’s Plaza.
M&T Realty Capital Corp. provides $200.96 million in Fannie Mae financing for 46-10 Center Blvd.
Long Island City, NY M&T Realty Capital Corp. provided $200.96 million in Fannie Mae financing for 584-unit property, 46-10 Center Blvd. The property consists of studio, one-, two-, and three-bedroom residences and one ground floor retail
Meridian’s Doshi & Mehra break
record in sale of 356 West 48th Street
Manhattan, NY Meridian’s Amit Doshi and Shallini Mehra have successfully closed on the sale of 356 West 48th Street, a gut renovated boutique brownstone with 20 apartments. The 9,970 s/f property
Cohen of Leviathan Capital arranges
$2.15 million permanent loan
Brooklyn, NY According to Leviathan Capital, Peter Cohen successfully arranged a $2.15 million permanent loan prior to Certificate of Occupancy. The 12-unit mixed-use property is located in the Brownsville neighborhood of Brooklyn
Global Holdings launches $30m in
capital improvement at 99 Park Ave.
Manhattan, NY Global Holdings, the international real estate development and investment firm led by chairman and founder Eyal Ofer, has secured a $30 million capital improvement program at 99 Park Ave., its class A office tower located near Grand Central Terminal.
Lendlease and Aware Super unveil The Riverie - 834-unit multifamily development - design by Marvel
Brooklyn, NY Lendlease and joint venture partner Aware Super, one of Australia’s largest superannuation funds, unveiled the name and new renderings for The Riverie, an 834-unit multifamily development at 1 Java St. along the waterfront in Greenpoint. With leasing starting in 2025,
RiseBoro Community Partnership closes $412.4m in financing for Phase II of Alafia mixed-use development
Brooklyn, NY RiseBoro Community Partnership has closed on $412.4 million in financing for the second phase of Alafia, a wellness-oriented mixed-use development designed to address the chronic social, economic, and health disparities in East New York.
Alloy Development secures $290m
in financing for 505 State St.
Brooklyn, NY Alloy Development (Alloy) has secured $290 million in permanent financing for 505 State St., New York City’s first all-electric skyscraper, located at the intersection of State St. and Flatbush Ave. The financing, provided by New York Life Real Estate Investors,
