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DXA Studio brings wellness living to 110 North 1st St.
July 25, 2023
Brooklyn, NY EDRE Development has launched sales at 110 North 1st St. in Williamsburg. Offering one- to four-bedroom condominiums, the project is bringing high-end residential living to North 1st St. With a base building designed by EDRE Development and interiors by DXA Studio, the seven-story, 38-unit building offers residences with a suite of amenities focused on health and wellness.
Rhine Legacy Capital secures $6.8875 million bridge loan for industrial asset
July 11, 2023
Newburgh, NY Rhine Legacy Capital, a leading commercial real estate private lender, has successfully secured a bridge loan of $6.8875 million for the acquisition of a prominent industrial asset. The property, located at 392 North Montgomery St. has potential
Matheos Realty sells six residential units in Flatbush for $775,000
July 25, 2023
Brooklyn, NY Matheos Realty Group closed on the $775,000 sale of 1827 Nostrand Ave. in the neighborhood of Flatbush. Matheos Realty Group founder & CEO, Peter Matheos and director, Isaiah Thomas represented the buyer and seller in
Morrison Foerster advises Mori Trust in SL Green Realty’s sale of 49.9% interest in 245 Park Ave.
July 25, 2023
Manhattan, NY SL Green Realty Corp. sold a 49.9% interest in 245 Park Ave. to a U.S. affiliate of Mori Trust Co., Ltd. at a gross asset valuation of $2 billion.
The Oak & Avery Group brokers two office sales totalling $3.925 million
July 25, 2023
New Paltz, NY The Oak & Avery Group negotiated the sale of two mixed-use properties in Ulster County totaling $3.925 million: • 71 Main St., New Paltz, a 6,600 s/f office-retail building purchased by a local owner-user,
Invictus Real Estate Partners provides $62.25 million loan for mixed-use development
July 25, 2023
Brooklyn, NY Invictus Real Estate Partners has closed a $62.25 million construction loan for a 162,000 s/f mixed-use development project in the Prospect Lefferts Gardens neighborhood. The loan will support the construction of the seven-story building
Wavecrest Equities buys five building Bronx portfolio for $28 million
July 25, 2023
Bronx, NY Wavecrest Equities has purchased a portfolio of five buildings in the Little Italy section of the city for $28 million and assumed two existing loans on the properties totaling $20 million.
BHI provides $65.34 million financing for 30-55 Vernon Blvd.
July 25, 2023
Queens, NY BHI has provided a $65.34 millon construction loan to NuVerse Advisors LLC to finance the development of 30-55 Vernon Blvd., located in Astoria.
Douglaston Dev.’s 3Eleven reaches 50% leased in less than a year
July 25, 2023
Manhattan, NY Douglaston Development said that 3Eleven, a 938-unit, 60-story, highly amenitized, mixed-income residential property, has leased over 50% of available inventory. Located at 311 Eleventh Ave. in West Chelsea, the property is situated
JLL Capital Markets secures $17.5 million
refinancing for 2 & 4 Westchester Park
July 25, 2023
White Plains, NY JLL Capital Markets has arranged a $17.5 million refinancing for 2 & 4 Westchester Park Dr., two office / medical office buildings totalling 218,372 s/f. JLL worked on behalf of the borrower, Northpath Investments,
Thalle Industries launches Dakota Concrete
July 25, 2023
Montrose, NY In an expansion move, Thalle Industries has launched Dakota Concrete, expanding its services to concrete products for customers in the Lower Hudson Valley while strengthening Thalle’s competitive position in this key market. Thalle Industries is handling orders and deliveries at 2099 Albany Post Rd.
Aufgang Architects receives NYS Empire Award
July 25, 2023
Suffern, NY Ariel Aufgang, AIA, principal of Aufgang Architects was presented with the NYS Empire Award by New York State senator Bill Weber. The NYS Empire Award is given to companies and organizations that demonstrate unique vision, innovation and contribute to the prosperity and betterment of their communities.
Gibson Dunn adds Weinberger as partner
July 25, 2023
Manhattan, NY Gibson, Dunn & Crutcher LLP said that Michael Weinberger will join the firm’s New York office as a partner. Weinberger will continue his real estate finance practice, which is focused on commercial mortgage-backed securitization (CMBS)
BTEA’s SAFEBUILD forum shines
light on mental health in construction
July 25, 2023
Manhattan, NY The Building Trades Employers Association (BTEA), representing 1,200 union contractors in New York, held its annual SAFEBUILD national industry forum designed to promote worker safety and salute firms with best practices. Noting that the Centers for Disease Control (CDC)...
Loeb joins Benenson Capital Partners as CIO
July 25, 2023
Manhattan, NY Benenson Capital Partners has named former NYC Economic Development Corp. president and CEO Rachel Loeb its chief investment officer. She joins in this role as the 118-year-old firm begins to consider strategic planning of its vast portfolio
Why should you sell your cash cow?
July 25, 2023
Valley Stream, NY Remember when we were kids and our teacher asked, what we wanted to be when we grew up; at the top of our wish list was astronaut, doctor, and Mickey Mantle. Surprisingly 82,171 of us in New York became real estate salesman. It is not
McLaughlin named senior associate at Denham Wolf Real Estate Services
July 25, 2023
Manhattan, NY Denham Wolf Real Estate Services hired Maddie McLaughlin as a senior associate in project management services. As a senior associate, McLaughlin supports Denham Wolf’s clients and project management staff from the project’s onset and
Skanska-led JV with Halmar awarded $1.24b
JFK central terminal reconstruction contract
July 25, 2023
Queens, NY Skanska and joint venture partner, Halmar International, LLC, have been awarded a contract by the Port Authority of New York and New Jersey to carry out the $1.24 billion design and reconstruction of John F. Kennedy International Airport’s Central Terminal area roadways, utilities and ground transportation center (GTC). Parsons Corp. will serve as lead designer to the Skanska Halmar JFK Joint Venture.
Industry CEOs honored at Leonard Litwin New York City Real Estate Tree of Life Gala
July 25, 2023
Manhattan, NY On June 12 several hundred New York real estate leaders attended Jewish National Fund-USA’s annual Leonard Litwin New York City Real Estate Tree of Life Gala at the Rainbow Room to honor two industry icons for their invaluable
LH Charney leases to Miznon and Poke Bowl at 1410 Broadway
July 25, 2023
Manhattan, NY LH Charney said that three new leases have been signed at 1410 Bdwy. in Times Sq., totaling 6,000 s/f. The transactions include new tenants Miznon, a restaurant specializing in Israeli cuisine, and Poke Bowl, a Hawaiian