Falconer, NY GreyHill Group has acquired a 401,000 s/f industrial building at 2632 South Work St. for $7.35 million. Falconer is located in Chautauqua County in Western New York on the eastern edge of the city of Jamestown.
Manhattan, NY Newmark has arranged a $535.8 million loan on behalf of GFP Real Estate (GFP), Metro Loft Management and Rockwood Capital for the acquisition and redevelopment of 25 Water St.
Brooklyn, NY Lendlease and joint venture partner Aware Super closed a $360 million construction loan for the development of 1 Java St. The 36-story, 834-apartment multifamily development will rise along the Greenpoint waterfront.
Manhattan, NY JLL Capital Markets negotiated the $114.9 million sale of 298 Mulberry St., a 96-unit, market-rate, mixed-use rental apartment property on the corner of East Houston and Mulberry Sts. in the Noho neighborhood.
New York, NY Chris Fry, a licensed associate real estate broker with Elegran Real Estate, has closed on two residences at 111 West 57th St. totaling $34 million. The residences were both sponsor units and purchased by the same individual.
As the curtain closes on another year, it’s time to take a look at what the crystal ball holds for New York City’s commercial real estate market in 2023.
Manhattan, NY Katz & Associates’ Sean Philipps represented Housing Works Cannabis Co. in a lease at 750 Broadway (at 8th St.) for a recreational cannabis retail store.
Brooklyn, NY The New York Foundation for the Arts signed a 10-year deal to relocate from 20 Jay St. to 7,150 s/f offices across the entire ninth floor of 29 West 38th St.
Manhattan, NY Dana Moskowitz, partner, and Jeffrey Zund, executive director/head of leasing of Resolution Real Estate Partners LLC arranged three new leases comprising 12,470 s/f and a 2,000 s/f office expansion at 45 West 34th St.
Bronx, NY In partnership with Peter Hungerford of PH Realty Capital and Shlomo Tajerstein, David Kaye and Joe Listhaus of Rockledge purchased six elevator buildings in the Concourse Village area.