Cowing of C&W/Pyramid Brokerage Co. Buffalo brokers sale of 129,344 s/f industrial facility
Cheektowaga, NY 1370 William Street Property LLC has purchased 3500 Genesee St., from Niagara Chocolates Inc. for $6.5 million. The 129,344 s/f industrial warehouse building is on 8.6 acres.
Phillips of Largo Real Estate arranges
$6.3m first mortgage
Buffalo, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc., has secured a $6.3 million permanent first mortgage to refinance two multi-tenanted industrial buildings. Both are located near the Buffalo Niagara International Airport
Forchelli Deegan Terrana grows with addition of Cronin, Harris & Associates
Uniondale, NY Jeffrey Forchelli and John Terrana, co-managing partners of Forchelli Deegan Terrana LLP (FDT), said that the attorneys and staff of Cronin, Harris & Associates, P.L.L.C. (CHA), have joined the firm. The addition of CHA to FDT’s existing Tax Certiorari practice group further
Ariel Property Advisors’ Capital
Services Group arranges two loans
East Harlem, NY The Capital Services Group for Ariel Property Advisors (Ariel) arranged two loans totaling over $14 million for an affordable housing complex in New York and an industrial outdoor storage site in Florida. Matt Swerdlow and Matt Dzbanek, both senior directors with Ariel Property
Stavsky of Stav Equities sells 6,800 s/f walk-up for $2.2 million
Bronx, NY A local private investor has purchased a newly-constructed four-story walk-up building at 1232 Fulton Ave., between East 168th St and East 169th St. in the Morrisania neighborhood for $2.2 million. The 6,800 s/f building consists of eight
OPEN Impact Real Estate and Pinnacle Realty lease 63,000 s/f to Imagine Me Leadership Charter School
Brooklyn, NY According to OPEN Impact Real Estate (OPEN), Imagine Me Leadership Charter School (IMLCS), a pre-K through eighth grade charter school, signed a 30-plus-year lease for 63,000 s/f building at 39 Truxton St. Stephen Powers, Lindsay Ornstein, and Jake Cinti of OPEN
Newmark signs 53,281 s/f of leases at 1040 Avenue of the Americas
Manhattan, NY Newmark leased 53,281 s/f of office space at Skyline Developers’ 1040 Avenue of the Americas. This series of leases, initiated since Q1 2024, includes new leases, expansions, extensions and relocations, resulting in 97% occupancy.
Rand Commercial has completed the sale of 400 Corporate Court for $11.8 million
Valley Cottage, NY Rand Commercial has completed the sale of 400 Corporate Court, a 50,000+/-s/f building on 16.9+/-acres to Realterm for $11.8 million. Realterm owns and manages transportation real estate and infrastructure assets
Simone Development Companies inks long-term lease expansion for ENTA
Queens, NY Simone Development Companies and ENT and Allergy Associates, LLP (ENTA) joined with local business leaders and community representatives for a ribbon-cutting ceremony for ENTA’s brand new clinical facility at Simone Development’s 35-30 Francis Lewis Blvd.
Hudson Companies and St. Nicks Alliance close $235m in financing for phase II of Kingsland Commons
Brooklyn, NY The Hudson Companies and St. Nicks Alliance in partnership with the New York City Department of Housing Preservation and Development (HPD), the New York City Housing Development Corporation (HDC), New York State Research and Development Authority (NYSERDA)
New York City Housing Authority closes $275m in financing for PACT renovation project
Bronx, NY The New York City Housing Authority (NYCHA) closed on the financing for Sack Wern Houses, a $275 million Permanent Affordability Commitment Together (PACT) project that will bring comprehensive renovations for nearly 800 residents living in seven buildings
