News: Spotlight Content

February

Meyer, Plehn and Hecht of GVA Williams complete 30,000 s/f at 218 West 18th St.; Hillman of CBRE rep'd. Ascent Media in the 10-year lease Rudder and Feinberg of Time Equities, Inc. broker two sales totaling $4.2m; AVS took 3,837 s/f for $2.5m, CEF paid $1.72m for 3,434 s/f NewStar Financial closes $10.76m non-recourse first mortgage for One Merrick Ave., Westbury; NorthMarq Cap. of L.I. is excl. financial advisor Wazihullah of Comm'l. Rlty. Hub brokers three sales totaling $2.195m: $1.26m in Hewlett, $410,000 in Hempstead, $525,000 in Elmont Paneth of GFI Realty Services handles $7.5m sale of 85,000 s/f total consisting of 74 units; firm also sells two Brooklyn bldgs. for $3.395m Gerimici of Locascio Realty arranges 55,200 s/f building sale as part of a 1031 exchange: The six-story property consisted of 49 units Goldflam, Polsinelli and Ross of Besen & Associates complete $11m building sale; 16 East 46th St. contains a total of 30,000 buildable s/f LCOR secures $60.7m construction loan with KeyBank for redevelopment project of 545 Madison; Moed de Armas & Shannon is architect Taconic Inv. Partners and ABR Partners to complete medical office condominium building at 429 East 75th St.; Ball Construction Co. is CM SL Green completes 100 Park Ave.; proj. team includes Tishman Const., Robert Derector Assoc., Gilsanz Murray, Metropolis, Boca Grp. Runko and Nichols of Paragon Prime Funding finance $17.325m for three properties; includes a $10.625m loan for a 92-key Homewood Suites Rupprecht and Gramet of CBRE/Syracuse handle $3.7 million sale of Clay Medical Center in Liverpool; financing by Wells Fargo Finkelstein of JSF Dev. to create $28m Waters Edge in Dobbs Ferryproject with Carol J.W. Kurth, AIA Arc.; Petretti and Carlin-Simpson & Assoc. Itzhaki Properties sells 52,200 s/f, 6-floor elevator building in Brooklyn for $6.9 million; firm also completes the $6.15m for 124 6th Ave. Broadway Partners leases 120,000 s/f at 340 Madison Ave.; Mack of GVA Smith Mack and Ippolito of Newmark Knight Frank rep. tenant Rolett and Himel of Hebert J. Sims & Co. underwrite $296.395m bond for development and construction of The Amsterdam at Harborside Wien & Malkin Strategic Capital acquires $22.25 million mezzanine loan secured by 119 West 40th St., a 333,000 s/f office tower in Manhattan Strategic Capital Partners and Single Tenant Net Lease Advisors sell portfolio for $7.7m, consisting of three buildings totaling 75,421 s/f Sutton & Edwards lease 15,000 s/f in Syossett; Trias, Tsiolis and Damiani of Sutton & Edwards reps. the landlord, C&W represented the tenant Pietrafesa of SVN and Pugliese of TAP Capital represent the seller, for 67,000 s/f Price Chopper Supercenter; transaction part of 1031 exch. Ginsberg of Cohen and Co., Inc. Real Estate handles all-cash sale of Knolls Shopping Center in the Bronx for $10.6 million: 14,522 s/f Holliday, Oliver, Hernandez, Harris of C&W Sonnenblick Goldman arrange $110.3m refinancing; Anglo Irish Bank provides funding Newell of Reilly Mann Newell completes two building sale for $10m; Carlton Management purchased 330 East 73rd St. and 309 East 93rd St. Merlin Dev. creates $21 million project, Mill Condos in Glens Falls; team included Bovis Lend Lease, Engineering America, Gross Elec. Weiner of Meridian finances $3.6m for 180-unit Windsor Place Apartments; Five-year loan negotiated for the borrower, Silver Street Props. Grzebinski of Rose Hill places $3.4m for 104,000 s/f mixed-use development; Mill #3 Building features retail tenants, offices ACC Construction jewels Wall St. with the completion of Tiffany & Co. build-out; a 11,000 s/f renovation finished in less than eight months Lilker Associates provides environmentally friendly building concepts for $120 million mixed-use development in the Bronx
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