Category: Brokerage
Rock of Marcus & Millichap Cap. Corp. secures $34.4m bridge loan
February 2, 2021
Brooklyn, NY Marcus & Millichap Capital Corp. (MMCC) arranged a $34.4 million interest-only bridge loan to refinance a 117-unit multifamily property and 4,000 s/f commercial unit in the Williamsburg neighborhood.
Federal Realty Inv. Trust leases space to Cava
February 2, 2021
Melville, NY Federal Realty Investment Trust has signed Cava, a growing Mediterranean brand with a flavorful and healthy fast-casual restaurant experience, as the final tenant at its new 15,000 s/f building at Melville Mall. The restaurant will open this summer.
Intner of Admiral RE and Ifshin of Delphi Comm’l. handle 7-Eleven deal
February 2, 2021
Elmsford, NY Admiral Real Estate celebrated the approval for the opening of a new 7-Eleven convenience store at 37 East Main St./Rte. 119. The 4,000 s/f building was purchased earlier this year for redevelopment, solely for this user. The sale price was not disclosed.
Ranieri of NorthMarq arranges $44.5 million refinance loan
February 2, 2021
Queens, NY Robert Ranieri, senior vice president/managing director of NorthMarq’s White Plains office arranged the $44.5 million refinance of Briarwood Gardens. The property contains 514 residential units and one commercial unit and is located at 85th Dr.
LichtensteinRE sells Congers Colonial Plaza Shopping Center for $4 million
February 2, 2021
Congers, NY LichtensteinRE.com, as seller’s exclusive broker, has sold Congers Colonial Plaza Shopping Center located at 285 North Rte. 303 in Rockland County. The sales price was $4 million. Andrew Lichtenstein, principal broker
Happy New You - by Rod Santomassimo
February 2, 2021
I have not witnessed a season with as much anticipation for a New Year since December 1999. We couldn’t believe we would live during a time period when the calendar’s odometer was about to turn over to 2000! We were all certain the millennium was
New York City development tools: FRESH Program - part 3 - by Michael Smith and Patrick O'Sullivan
February 2, 2021
Part 3 of this four-part series appeared in the January 2nd edition. While the pandemic has significantly disrupted the retail space market in New York City, grocery stores have remained resilient, which makes them an increasingly attractive tenant.
Heritage Affordable Communities acquires Bronx property for $10.8m
February 2, 2021
Bronx, NY Alex Hajibay’s Heritage Affordable Communities acquired a 70-unit property for $10.8 million. The property located at 1971 Webster Ave. was constructed in 2003. MacQuesten Development was the seller.
Marks, Lebor and Finnerty of TerraCRG exclusively sells retail building in Brooklyn for $3.15 millio...
February 2, 2021
Brooklyn, NY TerraCRG closed on the sale of a retail building at 5501Glenwood Rd. in the East Flatbush neighborhood for $3.15 million. Dan Marks, Daniel Lebor and Rob Finnerty exclusively represented the seller.
Cresa arranges 6,000 s/f lease for Ballon Stoll
February 2, 2021
Manhattan, NY Peter Sabesan, managing principal, and Nicholas Markel, vice president of Cresa have arranged new offices for Ballon Stoll Bader & Nadler, P.C. (Ballon Stoll) at 810 Seventh Ave. The lease term for the 6,000 s/f space is 11 years
Kurz, Brennessel, and Taylor join HUNT Engineers and Architects
February 2, 2021
Rochester, NY According to HUNT Engineers and Architects (HUNT-EAS), Casey Kurz, P.E. joined the firm’s High Falls Rochester office as the consulting firm’s Site/Civil
SWBR celebrates LEED Certification of new housing projects
February 2, 2021
Rochester, NY SWBR celebrated that DePaul’s Starting Line Apartments in Utica, Providence Housing’s LaFrance Apartments in Elmira, and Rochester’s Cornerstone Group’s Frances II Apartments in Sweden
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