Queens, NY IPRG brokered the sale of 147-28/46 Jamaica Ave. and 147-23/27 Archer Ave. for $25.5 million. Building plans are approved with a footing in the ground for a 306,454 s/f retail and residential apartment building. A 359-unit residential project is planned for the site, which is linked to a 35-year 421-A tax incentive.
Manhattan, NY BXP closed a series of long-term leases at 360 Park Ave. South, a 450,000 s/f workplace in Midtown South. The leases, which include both new clients and a significant expansion in the building, total 230,000 s/f with a weighted average lease term of 11.4 years and bring the workplace to more than 90% leased.
Brooklyn, NY Ariel Property Advisors (Ariel) arranged the sale of a 411,892 s/f, eight-building, 387-unit affordable housing portfolio situated in the Prospect Park South neighborhood of the city for $79.85 million, or $193 per s/f. The eight properties in the Prospect Park South portfolio are located at 816 Ocean Ave., 682 Ocean Ave.
Buffalo, NY Jack Phillips of Largo Real Estate Advisors, Inc. arranged a $4.59 million permanent first mortgage for a commercial property located in an established downtown corridor.
Fort Lee, NJ Silver Defender, the pioneer in antimicrobial surface technology, has reached a significant advancement in the performance and durability of its proprietary film. Recent internal R&D cycles have demonstrated that the
Queens, NY Cushman & Wakefield has arranged two new leases at the Inwood Logistics Center in Inwood. The deals mark another step in the rapid lease-up of the 10-building campus, which has seen an uptick in activity
Queens, NY ASAK Solutions LLC, ASAK, a veteran-owned ground-handling company, signed a 16,515 s/f industrial lease to occupy the ground floor at 152-15 Rockaway Blvd. in Jamaica.
Laval, Québec Kevin Ross of Largo Capital Limited arranged a $5 million refinance for a single-tenant retail pharmacy property in Chomedey. The 17,879 s/f property is 100% occupied by Shoppers Drug Mart.
Washington, DC MGAC, a global boutique project and cost management consultancy, has launched a specialty Luxury Living brand focused on the delivery of distinctive,
London, UK Savills, alongside investment bank Lazard, has been jointly appointed by Landsec to sell the freehold of its one acre island site at Piccadilly
Lake Mary, FL Cronheim Hotel Capital (CHC) has secured a $17 million permanent loan for the acquisition of the Home2 Suites in. The five-year fixed-rate loan is
Newport Beach, CA BKM Capital Partners (BKM), a leading real estate fund manager and operator focused exclusively on small- and mid-bay light industrial
Manhattan, NY According to Lee & Associates NYC, The UPS Store, a shipping, printing and business services retailer, has signed a 10-year lease for 3,900 s/f at 149 West 36th St. in the Garment District.
Montclair, NJ Crow Holdings Development (CHD) has hired Travis Conley as senior associate, construction management. The appointment strengthens the organization’s New Jersey-based leadership team
Nanuet, NY Metropolitan Realty Associates LLC (MRA), led by CEO and founder Joseph Farkas, has signed Best Buy to a 35,500 s/f lease at 5101 Fashion Dr. Best Buy will occupy a portion of the ground floor of the former
Queens, NY Cord Meyer Development has begun construction on a new residential community at its Bay Terrace Shopping Center, marking the next chapter in a decades-long commitment to Bayside and the greater Bay Terrace neighborhood. Following a recent multi-million-dollar investment in the shopping center, Cord Meyer is developing two five-story rental apartment buildings