Mann and Newell of Friedman-Roth Realty Services sell 405 West 45th St. for $8.5 million - 30 apartment units
Manhattan, NY Jim Mann and Wells Newell of Friedman-Roth Realty Services have brokered the sale of 405 West 45th St. in the Hell’s Kitchen area.
JLL arranges $350 million debt and equity capitalization for construction of 363-unit The Italic
Queens, NY JLL’s Capital Markets group has arranged a $350 million debt and equity capitalization for the development of The Italic, a to-be-built, 363-unit, mixed-use community located at 26-32 Jackson Ave. in Long Island City.
Innovo Property Group and Affinius Capital close $334 million recapitalization of 2505 Bruckner Blvd. - one million s/f industrial
Bronx, NY Innovo Property Group (IPG) with Affinius Capital LLC (Affinius Capital) closed a $334 million recapitalization of 2505 Bruckner Blvd., a one million s/f, urban industrial facility. The existing
West Elm, Kohler and Hilti sign retail leases at Industry City
Brooklyn, NY Industry City, the 35-acre mixed-use complex comprising sixteen waterfront buildings, said that multiple lease signings were completed with design and construction brands, including West Elm, Kohler, and Hilti, totaling 37,106 s/f
Brix Real Estate Advisors finances multifamily $3.65 million refinance loan
Yonkers, NY Brix Real Estate Advisors brokered a $3.65 million refinance loan on a multifamily building. The 15-unit building, 88-90 Saratoga Ave., is located in the Park Hill neighborhood. The building is 24,490 s/f and was built in
Recent bank failures should lead to a more resilient banking system and help transform functionally obsolescent real estate - by Michael Zysman
The recent failure of some large regional banks has created ripple effects throughout the commercial real estate capital markets. Signature Bank, Silicon Valley Bank, and First Republic Bank were the major casualties of the most recent banking crisis. These banks focused on providing premium
Blue Communities breaks ground on 54-unit The Royal Blue
Mineola, NY Blue Communities hosted a groundbreaking of its six-story, 101,000 s/f boutique rental apartment building, The Royal Blue, located at 101 Searing Ave. Slated for completion in 2024, the 54-unit development will offer one- and two-bedroom
Mid Hudson Construction Management develops 28-unit 44 Springside Ave. with Tinkelman Brothers Development
Poughkeepsie, NY Mid Hudson Construction Management (MHCM) is developing 44 Springside Ave., a new, mixed-use project, comprised of two retail-commercial spaces and 28 residential units for rent. Construction is to be realized
Royal Properties and Charter Realty lease 17,588 s/f to Sierra Trading Post at Poughkeepsie Plaza
Poughkeepsie, NY According to Royal Properties, Inc., Sierra Trading Post signed a 10-year lease with four five-year options for 17,588 s/f and is now open for business at Poughkeepsie Plaza, 2600 South Rd.
Cuddy and Maurer-Hollaender of CBRE renew Mercy College's 125,522 s/f lease at Simone’s 1200 Waters Place at Hutchinson Metro Center
Bronx, NY Simone Development Companies has signed a long-term lease renewal with Mercy College for 125,522 s/f of classroom, administrative and amenities space at 1200 Waters Place, renewing the institution’s commitment
Fordham Real Estate Institute hosts U.S. representative Torres; led by Freedman of Brown Harris Stevens in discussing “Housing the Next Generation”
Manhattan, NY The Fordham Real Estate Institute (REI) hosted U.S. representative Ritchie Torres, at its Lincoln Center campus for a conversation about affordable housing in New York City, led by Bess Freedman, CEO of Brown Harris Stevens (BHS) and member