Dermot Company, Grosvenor acquire 16,575 s/f parcel

Grosvenor Investment Management US Inc. (GIM), on behalf of a public pension fund, has partnered with The Dermot Company, Inc. of New York City to acquire a site at 29 Flatbush Avenue. The 16,575 s/f parcel, currently used as a parking lot, will be planned and developed by Dermot as a high-rise rental apartment building. Construction of the building is expected to begin in 2009. In addition to equity provided by GIM, Citi Community Capital has provided a loan for the site acquisition.

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Investment Property Realty Group closes $2.65 million sale of 723 6th Ave. in Greenwood Heights

Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 723 6th Ave., a mixed-use building located in the Greenwood Heights section of the city, for $2.65 million.

CM&B completes 15,000 s/f Activate Games NYC debut in Union Square

Investment Property Realty Group closes $2.175 million sale of 247 Leonard St.

IPRG closes $2.175m sale of 247 Leonard St.

GFP Real Estate continues leasing momentum at 322 Eighth Ave. with 9,952 s/f of transactions

GFP continues leasing momentum at 322 Eighth Ave.

Zimmet Law Group signs 5,476 s/f lease at GFP Real Estate’s 515 Madison Ave.

Zimmet Law signs 5,476 s/f lease at GFP’s 515 Madison Ave.

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IPRG sells 4,074 s/f mixed-use 219 Court St. for $3.915 million

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