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Three magical words - by Rod Santomassimo
November 22, 2022
Earlier last month I was getting ready for the biggest professional event of my 40+ year career. I had been working every day, for the prior six months on developing a dream CRE brokerage event, we called “MassimoCon”. My goal was to make it the greatest conference in the brokerage industry
Gil and Kaufman of C&W secure $142.9 million construction financing
November 22, 2022
Brooklyn, NY Cushman & Wakefield served as the exclusive advisor to Senlac Ridge Partners and The William Macklowe Company in the procurement of $142.9 million in construction financing for a mixed-use development project located at 120 Fifth Ave. in Park Slope.
Raise Commercial and Newmark lease 12,159 s/f
November 22, 2022
Manhattan, NY Raise Commercial Real Estate has signed a five-year, 12,159 s/f lease with Leap at 99 Hudson St. in Tribeca. Leap’s new space will serve as the company’s New York City headquarters.
Watkins and Algarin of The Oak & Avery Group broker four Westchester sales - $6.16 million
November 22, 2022
White Plains, NY The Oak & Avery Group negotiated the sale of four Westchester County properties totaling $6.16 million. • 54-60 Russell St., White Plains, a 15-unit mixed-use assemblage purchased by a NYC-based firm, Russell Portfolio LLC, for
Goldman and Holm of Brown Harris Stevens sell two hotels for $16.91 million to AIDS Healthcare Found...
November 22, 2022
Manhattan, NY Two Manhattan hotels represented by Brown Harris Stevens commercial agents John Goldman and Paul Holm have sold to the global non-profit AIDS Healthcare Foundation.
BridgeXFunding places $1.4 million for 16,850 s/f office/retail building
November 22, 2022
Mount Vernon, NY BridgeXFunding arranged the bridge funding of a 16,850 s/f office/retail property at 11 W Prospect Ave. The building includes five retail shops on the first floor and four full floor office suites on the second through fifth floors.
Kleinberg and Staudigel of Tri-State Properties broker $13.3 million sale of two apartment complexes...
November 22, 2022
Stewart Manor, NY Tri-State Properties co-presidents Ron Kleinberg and Dale Staudigel brokered the $13.3 million sale of 605 – 625 Tulip Ave. (24-units) and 130–150 Covert Ave. (26-units). The two garden apartment complexes total 40,000 s/f. Kleinberg exclusively represented
FPA held first onsite event; luxury properties in London
November 7, 2022
Manhattan, NY The Foreign Press Association recently held its first onsite real-world event in over 2 years. Foreign Press Association president Ian Williams hosted a panel discussion at the Whitby Hotel
MRA and Angelo Gordon acquire 135,000 s/f of industrial assets $28.3 million
November 8, 2022
Ronkonkoma, NY Metropolitan Realty Associates (“MRA”), in partnership with Angelo Gordon, has acquired two industrial properties for $28.3 million. The properties -- located at 195 13th Ave.
GTL Construction hires Polsky as new CFO
November 8, 2022
White Plains, NY GTL Construction has announced the addition of Gary Polsky as their new chief financial officer. He will be responsible for the oversight of day-to-day accounting and financial operations as well as creating budgets
Island Associates complete three leases for retail space in FL
November 8, 2022
Island Associates successfully negotiated three lease agreements for retail space at Sunrise Plaza in Brooksville, FL and Marion Oaks Plaza in Marion Oaks, FL. Lady Dawg Internet Cafe entered a lease agreement for 3000
Delisle of Island Associates completes long-term ground leases for Checkers Restaurants
November 8, 2022
Roger Delisle of Island Associates Real Estate Inc. successfully negotiated the long-term ground leases of pad sites for Checkers Restaurants at 7 Wheeler Rd., Central Islip and 1825 Brentwood Rd, Brentwood
Ferrara and Leonhardt of Brax Realty sell $10.37 million development site
November 8, 2022
Queens, NY Michael Ferrara, managing principal of Brax Realty and Cole Kinney Leonhardt, investment sales associate of Brax Realty have closed 23-17 41st Ave.for $10.37 million. The property was situated on
Cleeman Realty Group arranges the $7 million off-market sale in Crestview, FL
November 8, 2022
Crestview, FL Cleeman Realty Group has closed the $7 million sale of Northcrest Shopping Center, a 55,152 s/f, Publix-anchored property. Michael Cleeman of Cleeman Realty Group represented the seller
Lee & Associates Nashville transition from a satellite office to a freestanding offive
November 8, 2022
Nashville, TN According to Lee & Associates, a broker-owned commercial real estate firm in North America, their Nashville, TN office has transitioned from a satellite office to a freestanding office, granting them access
KWK Architects completes new mixed grade Wagoner Hall at Augustana University
November 8, 2022
St. Louis, MO South Dakota’s largest private university, Augustana University, has made the shift to mixed-grade housing for the 2022-2023 school year with the recent completion of Wagoner Hall designed by St. Louis-based KWK
Buro Happold adds offices and leaders across the country
November 8, 2022
Pursuing a forward-looking trajectory and new growth, Buro Happold has advanced its leadership in engineering and consulting with appointments in markets where they now have growing offices: Atlanta and San Diego. These most recent hires include
Epstein of RC Commercial Partners completes two leases at Palm Plaza shopping center
November 8, 2022
Brentwood, NY Ron Epstein of RC Commercial Partners leases two stores new Palm Plaza shopping center. Palm Plaza Grocery Corp, operating as Compare Foods, has opened an 8,000 s/f supermarket in Brentwood. This is the fourth and largest store to date for the operator
Heritage Affordable Communities receives Article XI for Harlem Property
November 8, 2022
Manhattan, NY Heritage Affordable Communities has recently closed on the acquisition of a 33-unit affordable housing property located at 246 West 116th St. The property consists of 32 residential units and one
Mavashev of Alpha Realty brokers $24 million off market sale
November 8, 2022
Brooklyn, NY Alpha Realty has completed the sale of 792 Sterling Pl. in Crown Heights at $24 million in an off market transaction. Managing principal Lev Mavashev, represented both parties in the transaction