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Picone begins construction on four new Pizza Hut locations
December 13, 2022
Buffalo, NY Picone Construction Corp. recently began construction on four new Pizza Hut locations.
Uniland leases 81,000 s/f to Total Quality Assurance International at Renaissance Commerce Park
December 13, 2022
Lackawanna, NY With construction nearing completion on the first of two planned 150,000 s/f industrial spec buildings at Renaissance Commerce Park, Uniland has signed a lease with Total Quality Assurance International (TQAI) who will occupy 81,000 s/f at the first building at 8 Dona St.
CREWNY appoints incoming 2023 Board of Directors
December 13, 2022
New York, NY CREW New York (CREWNY) has appointed incoming 2023 Board of Directors. Several veteran board members are joined by six new board members.
Jaffa of Eastern Union secures $78.575 million refi loan for 12-property, 1,017-unit multifamily por...
November 22, 2022
Alex Jaffa, a senior loan consultant with Eastern Union, one of America’s largest commercial real estate mortgage brokerages, has arranged a $78.575 million loan to refinance a 1,017-unit portfolio of twelve multifamily properties consisting of eleven
CP Capital appoints Nootens as co-head
December 13, 2022
New York, NY CP Capital has appointed Kristi Nootens as co-head. In her new role, Nootens will jointly manage the day-to-day operations of CP Capital and lead the firm’s investment strategies alongside nearly 30-year CP Capital veteran Paul Doocy, co-head.
Israel Bonds Real Estate & Allied honors Andrew and Scott Singer
December 13, 2022
New York, NY Israel Bonds Real Estate & Allied Industries division held its annual luncheon on November 9 at Cipriani 42nd St. to honor father and son Andrew Singer.
Metro Walls opens New York office
December 13, 2022
Elmsford, NY Metro Walls, a leading wall and ceiling contractor, is expanding the company’s operations and presence in the Northeast with the opening of a New York office. With this new location, Metro Walls will have four offices.
Avison Young arranges lease for Pushkin Industries
December 13, 2022
Manhattan, NY Avison Young has arranged a new lease at 5 Union Square West on behalf of Pushkin Industries. The new, 10-year lease will expand the company’s footprint in the building from 6,000 s/f to 14,500 s/f. The new lease brings the building to 100% occupancy.
JLL arranges $26.85m acquisition financing for The Nathaniel
December 13, 2022
Manhattan, NY JLL Capital Markets has arranged $26.85 million of acquisition financing for The Nathaniel, a grocery-anchored, 85-unit apartment building located at 138 East 12th St. in the East Village neighborhood.
Silverstein leases 14,000 s/f to RPA at 120 Broadway
December 13, 2022
Manhattan, NY According to Silverstein Properties, Rockefeller Philanthropy Advisors (RPA) is relocating its New York headquarters from Midtown to 120 Broadway, the landmarked “Equitable Building” in Lower Manhattan.
CBRE brokers $12.1m sale of 10 townhomes at 1-10 The Pointe
December 13, 2022
Rye Brook, NY CBRE has completed the $12.1 million sale of The Pointe, a multifamily property. Comprised of 10 luxury townhomes, The Pointe was acquired by a private investor from Bowman Avenue Property, LLC.
Perfetto of Cohen & Perfetto LLP honored
December 13, 2022
Manhattan, NY Since 2013, Louis Perfetto, the managing partner at Cohen & Perfetto LLP, has been selected by his peers for inclusion in the 29th edition of The Best Lawyers in America list.
MRA and Angelo Gordon purchase 135,000 s/f industrial for $28.3m
December 13, 2022
Ronkonkoma, NY Metropolitan Realty Associates (MRA) in partnership with Angelo Gordon, have acquired two industrial properties for $28.3 million. The properties–located at 195 13th Ave. and 2175 5th Ave.–are both single-tenant, single-story industrial assets and have a combined square footage of 135,000 s/f.
Gilco Realty negotiates several Bronx leases
December 13, 2022
Bronx, NY After only joining Gilco Realty less than one month prior, Juan Velez has leased out two stores. The first was 3012 Bailey Ave. to a beauty salon.
Cosentino and Norris of TerraCRG sell 7,600 s/f mixed-use - $4.4m
December 13, 2022
Brooklyn, NY TerraCRG has closed on the $4.4 million sale of 5102 5th Ave. in Sunset Park. TerraCRG partner Matt Cosentino and senior associate Rémi Norris exclusively represented the seller on the deal.
Joseph Kelleher, 70, of Hutch Management passed away
December 13, 2022
Katonah, NY Joseph Kelleher passed away at the age of 70 at home surrounded by his wife and two children on Friday, November 25, 2022. The cause of death was Glioblastoma, an aggressive brain cancer. He was diagnosed in May 2022.
Polsky joins GTL as CFO
December 13, 2022
White Plains, NY Gary Polsky has joined GTL Construction as their new chief financial officer (CFO). He will be responsible for the oversight of day-to-day accounting and financial operations as well as creating budgets and forecasts and other special projects.
Slate Property and PCCP acquire 123 East 54th St. for $37.7 million
December 13, 2022
Manhattan, NY Slate Property Group and PCCP, LLC acquired 123 East 54th St., a mixed-use property located in Midtown East between Park and Lexington Aves., for $37.7 million.
Mallon of Verada leases 41,000 s/f to Brooklyn Brewery at 1 Wythe Ave.
December 13, 2022
Brooklyn, NY Nathaniel Mallon, managing partner of Verada, represented Brooklyn Brewery in the lease of 41,000 s/f at 1 Wythe Ave. The space is zoned for light manufacturing use across the lower level, first & fourth floors of the three-sided building’s total 82,000 s/f. The new location is four blocks from the company’s current location on North 11th St.
Ferrara and Leonhardt of Brax Realty sell $10.37m dev. site
December 13, 2022
Long Island City, NY Michael Ferrara, managing principal of Brax Realty and Cole Kinney Leonhardt, investment sales associate of Brax Realty negotiated the closing of 23-17 41st Ave. for $10.37 million.