Category: Brokerage

Manhattan, NY Fried Frank advised a joint venture between Douglaston Development and Ares Management in connection with a $560 million mortgage and mezzanine loan secured by their 60-story newly delivered residential building with 14,495 s/f of ground floor retail located at 311 Eleventh Ave. in the Hudson Yards neighborhood.

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Kings Park, NY Island Associates negotiated a new development of a ground-up 10,000 s/f childcare facility plus a 5,000 s/f outdoor play area at 284 Indian Head Rd., that has been leased to The Learning Experience for a 15-year term plus options.

Manhattan, NY Phipps Houses signed a 38,862 s/f lease spanning the entire 11th, 12th and 15th floors at 257 Park Ave. for 32 years. This location will also house offices for Phipps Houses 501(c)(3) social service affiliate, Phipps Neighborhoods.

Yonkers, NY The Westchester County’s Local Development Corp. (LDC) voted preliminary approval on July 24 of $35 million in tax-exempt bond financing for renovations at Sarah Lawrence College near the Village of Bronxville. The bond financing is for a period of 30 years. 

New York, NY Zenith IOS closed its second Industrial Outdoor Storage (IOS) joint venture with institutional investors advised by J.P. Morgan Asset Management. The new venture will continue building on their first joint venture and seek to purchase $700 million of IOS sites across the United States.

Manhattan, NY Samuel Marchese and Farhana Hassan Choudhury have joined Cassin & Cassin LLP. Marchese has joined the firm as a partner. Choudhury joins the affordable housing and agency lending practice as an associate.  Marchese joins Cassin from a New York-based law firm, where he served as partner. He brings with him substantial experience in representing property owners, developers, purchasers,

Manhattan, NY Ariel Property Advisors (Ariel) presented its mid-year Coffee and Cap Rates event on July 31st, sharing the latest trends in investment sales market and capital services in New York City. The event was hosted by TD Bank.

Manhattan, NY Lee & Associates NYC completed the $6.5 million sale of 150 West 36th St., a 10,395 s/f retail and office commercial building in the Garment District.  Stephanie Moore and Catherine O’Toole from Lee & Associates NYC represented the buyer and seller in this transaction.

New York, NY Slate Property Group, in partnership with Fundamental Advisors, closed on a $210 million refinancing for the joint venture’s Transitional and Affordable Housing Portfolio. The transaction was designated as a Social Bond and was made possible by Freddie Mac in a first-of-its kind engagement

Brooklyn, NY Rosewood Realty Group has brokered the sale of a mixed-use building consisting of 123 apartments and five commercial spaces. The seven-story elevator building at 275 Park Ave. was built in 1920 and renovated in 2024.

Orange County, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc., secured a $9.3 million permanent first mortgage with earn-out to refinance a 97,740 s/f grocery anchored retail plaza including two outparcels. The property is 85% leased with additional leasing pending.