New York Real Estate Journal

May

December 21, 2009 - Spotlight Content
Nave and Ramos of Berko & Associates broker $3.5m sale of vacant six-story mixed-use property; purchaser plans to renovate and lease space Uebbing of CPC arranges $1.25 million for a 24-unit apartment complex; three-building property at 47-61 Bross Pl. in Pleasant Valley Michael D. Szerbaty + Associates designs $1.3 million midtown conference center for Cornell University's Industrial and Labor Relations Bruck of Time Equities, Inc. closes seven financing transactions totaling $38.63 million; deals include a $21.67 million credit facility Rockwood Capital RE Ptrs. Fund VIII closes with $964m in capital commitments; fund to primarily invest in hotel, retail, office, residential props. $6.5 million loan arranged by Moloff and Waldman of Cooper-Horowitz; perm. financing placed for The Radisson Hotel in New Rochelle 400 Westchester Ave. awarded Office Bldg. of the Year Award by BOMA; 62,500 s/f property acquired by GHP Office Rlty. and Benerofe Props. Clipper Equity completes $20m in capital improvements and renovations at Flatbush Gardens; rent-stabilized community in Brooklyn Gruzen Samton completes design for Atria Briarcliff Manor's $5 million renovation project; landscape architect was Imbianao Quigley Yonkers IDA approves economic development package for Macy's expansion; $27.39m proj. to include 92,500 s/f of retail storage, parking Eric Simonds of Conley Associates completes three leases totaling 18,394 s/f in the Albany area; deals include a 2,777 s/f medical lease Omni Housing Development and The Wesley Community continue $18m rehab of the Embury Apartments; team includes M&T Bank Durst and Weinstein of Sholom & Zuckerbrot broker two leases totaling 22,000 s/f; Villafana of Franchise Realty represented Planet Fitness Delisle of Island Associates and Brody of Brody Realty broker expansion for CVS in Northport; CVS took additional 6,300 s/f Levitan of Sierra Realty secures 1,000 s/f for landlord, Gilman Management; seven-year lease at 267 Lafayette St. was signed by Flight Club GIANCO Environmental Svcs. at forefront of sustainable practices and products; certified woman-owned business founded by Gianchetta Chiarello of WRA Properties and a group of investors acquire six-story elevator building for $4.75m; deal financed by National Bank of Long Island Zach and Akabi of Itzhaki Properties represent buyer in the $3.15 million sale of 84 Lawrence Ave. in Brooklyn-32,000 s/f multifamily Gulden of SL Green negotiates 34,640 s/f lease renewal at 810 Seventh Ave. in Manhattan for Insight Communications; Heeg of JLL reps. tenant W&H Props. completes $71m upgrade program at 1333 Broadway; Mufson Partnership is architect, lobby by Fifield Piaker Elman Gran Kriegel Associates wins award for conversion project from The Boston Society of Architects in conjunction with the NY Chapter of AIA Scarano Architect designs colonnades along the Olive Park condominium; creates 15 ft. setback required by NYC Planning Commission Malachowski of Hunt Commercial brokers $1.85m sale of former 109,000 s/f paper company site; purchased by architect/developer Schneider McDermott of JF Real Estate handles three leases totaling 1,813 s/f in Syracuse; includes 813 s/f at West Fayette St. to Couture Closet Agha of Largo arranges a $3 million first mortgage to pay off construction debt for the 106-unit aprartment complex Riverpointe Townhomes HUNT Engineers, Architects & Land Surveyors complete rehab of $3.8m SUNY Alfred dining hall; proj. team includes LeChase Const. Silber Inv. Props. completes three transactions totaling $6.695m; includes $4.37m sale of 8,800 s/f CVS by Silber, Cote, Ciafardoni of Silber Hackett of Metro Realty Services completes eight deals totaling 68,000 s/f; includes 20,000 s/f lease to Purolator USA at 430 Smith St.