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Ferrara of Brax Realty facilitates $5.65 million sale of Brooklyn warehouse

Ferrara of Brax Realty facilitates $5.65 million sale of Brooklyn warehouse

March 3, 2020
Brooklyn, NY Michael Ferrara, managing principal of Brax Realty closed the sale of a 10,836 s/f two story warehouse in the Bushwick neighborhood. The property, 21-27 Garden St., located between Flushing and Bushwick Aves.
TerraCRG sells $13.2 million Park Slope development site

TerraCRG sells $13.2 million Park Slope development site

March 3, 2020
Brooklyn, NY TerraCRG has sold the development portfolio at 75 Fourth Ave. in Park Slope. The asset is one of the last opportunities to acquire a development site along Fourth Ave. before the proposed
Klosed Properties acquires 7,500 s/f in Coney Island

Klosed Properties acquires 7,500 s/f in Coney Island

March 3, 2020
Brooklyn, NY Klosed Properties completed its acquisition of 2742 West 15th St. The property consists of 7,500 s/f across eight units, located in the Coney Island neighborhood. Klosed assumed the existing
Westbridge Realty Group sells $4.85 million Queens multifamily

Westbridge Realty Group sells $4.85 million Queens multifamily

March 3, 2020
Queens, NY Westbridge Realty Group completed the $4.85 million sale of a 26-unit five-story multifamily building in the Woodside neighborhood to a local owner/investor
Ariel Property Advisors sells office building for $10.5 million

Ariel Property Advisors sells office building for $10.5 million

March 3, 2020
Brooklyn, NY Ariel Property Advisors facilitated the sale of 100 Livingston St., a 12,681 s/f, four-story downtown office building for $10.5 million at a 5.5% cap rate. Ariel’s team of Sean Kelly,
Riney and Salvatico of Marcus & Millichap sell 8-unit property – $3.82 million

Riney and Salvatico of Marcus & Millichap sell 8-unit property – $3.82 million

March 3, 2020
Brooklyn, NY Marcus & Millichap has completed the following: The $3.82 million sale of 147 Leonard St., an eight-unit apartment property. Shaun Riney and Michael Salvatico,
Mager of Besen Partners arranges 1,900 s/f lease

Mager of Besen Partners arranges 1,900 s/f lease

March 3, 2020
Manhattan, NY Matthew Mager, general counsel/senior managing director at Besen Partners, LLC, has leased a 1,900 s/f digital showroom, with partial basement, to DataVision at
Community Preservation Corp. raises $150 million in sustainability bonds

Community Preservation Corp. raises $150 million in sustainability bonds

March 3, 2020
New York, NY The Community Preservation Corp. (CPC), a leading nonprofit multifamily finance company raised $150 million through its inaugural public debt offering of Sustainability Bonds, making it one of the
Fridman of Barcel Group handles sale of nine buildings – $18.5 million total

Fridman of Barcel Group handles sale of nine buildings – $18.5 million total

March 3, 2020
Queens, NY Barcel Group closed the sale of nine buildings totaling $18.5 million. The properties are: 452 East New York Ave., a two-story walk-up in Lefferts Gardens, sold for $1.05 million. The property consists of eight stores, totaling 6,240 s/f. Marcel Fridman represented
BOMA New York: Leading  CRE advocacy and innovation

BOMA New York: Leading CRE advocacy and innovation

March 3, 2020
The strength of BOMA New York is hinged on multiple collaborative relationships the Association has within both the private and public sectors. With committees focused on every aspect of the CRE industry,
IREM NYC hosts annual  dinner and awards January 23rd

IREM NYC hosts annual dinner and awards January 23rd

March 3, 2020
New York, NY IREM NYC hosted their annual dinner and awards at 230 FIFTH on January 23rd. The event brought over 200 real estate property and asset management professionals
ACEC NY 2020 Winter Conference: Building connections and success

ACEC NY 2020 Winter Conference: Building connections and success

March 3, 2020
Albany, NY The 2020 Winter Conference was held for the third year at the Albany Capital Center and Renaissance Hotel on January 26-28. This year’s attendance again broke records,
Professional Women in Construction to host “Pitch Like a Boss” workshop

Professional Women in Construction to host “Pitch Like a Boss” workshop

March 3, 2020
New York, NY On March 31st, Professional Women in Construction’s MWBE Committee is hosting “Pitch Like a Boss: A Communication Workshop for Women Owners
Jetty partners with Asset Living for student housing

Jetty partners with Asset Living for student housing

March 3, 2020
New York, NY Jetty, a financial services company on a mission to make renting a home more affordable and effortless, has partnered with Asset Living, one of the largest third
Minrav Development partners with Forino and  SLCE Architects for VU, 100-unit condo project

Minrav Development partners with Forino and SLCE Architects for VU, 100-unit condo project

March 3, 2020
Manhattan, NY Minrav Development, is developing VU (pronounced “view”), a new construction condominium development in the Rose Hill neighborhood. VU
Jonathan Rose Cos., BedRock Real Estate Partners, JD Capital USA  and Nuveen Real Estate reach 80% leasing milestone at The Pierrepont

Jonathan Rose Cos., BedRock Real Estate Partners, JD Capital USA and Nuveen Real Estate reach 80% l...

March 3, 2020
Brooklyn, NY According to Jonathan Rose Cos., BedRock Real Estate Partners, JD Capital USA and Nuveen Real Estate–the developers behind new residential rental building
Lam Generation celebrates opening of Renaissance NY Chelsea Hotel

Lam Generation celebrates opening of Renaissance NY Chelsea Hotel

March 3, 2020
Manhattan, NY Renaissance New York Chelsea Hotel has opened  as one of the tallest properties in the  Chelsea neighborhood. Rising 39 floors at 430 ft. high, the brand
Tishman Speyer expands ZO., health/wellness/safety services

Tishman Speyer expands ZO., health/wellness/safety services

March 3, 2020
Manhattan, NY Tishman Speyer is offering its ZO. suite of health, wellness and safety services, similar to the amenities for office tenant employees, to construction workers at the
Mixed-use developments raise the bar for affordable housing projects - by Walter Marin

Mixed-use developments raise the bar for affordable housing projects - by Walter Marin

March 3, 2020
In New York City, rent and the cost of living continues to escalate and residents are seeking affordable neighborhoods with the same access to transportation, schools, and shopping as their more expensive
Opportunities to reduce property taxes  for senior housing properties - by David Wilkes

Opportunities to reduce property taxes for senior housing properties - by David Wilkes

March 3, 2020
Senior housing, as an investment, may now require its own form of life support. With developers adding more than double the number of units in 2018 as it did just four years before that, according to