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Mavashev of Alpha Realty sells 110 Ave. C for $3.35 million
December 17, 2019
Brooklyn, NY Alpha Realty brokered the sale of 110 Ave. C located in the borough’s Kensington neighborhood. The firm’s principal, Lev Mavashev, represented both the buyer and seller in this transaction. The four-story
Cristi and Curtis of Greystone originate $34.5 million bridge loan; Vegh of Westwood acts as corresp...
December 17, 2019
strong>Brooklyn, NY Greystone has provided a $34.5 million bridge loan to refinance Lenox Apartments, a 55-unit mixed-use property. The transaction was originated by Anthony Cristi, managing director and Hope Curtis, originator at Greystone, with Steven Vegh of Westwood
The Wizard of OZ (that’s “Opportunity Zones”): Kowalski on What’s Next From Treasury, Part 2...
December 17, 2019
New York City, Connect Opportunity Zone Conference, Harvard Club, October 22nd, continued: As December 31st (a mini-“D-Day”) approaches for the OZ program (very “mini” in the opinion of many), and the U.S. Treasury Department works on the
Hardisty and Malagisi of SVN collaborate for $22.35 million deal
December 17, 2019
Thornwood, NY According to SVN Commercial Realty, they have completed the sale of 401 Clairmont Ave. in Westchester County. This was a Certificate of Occupancy development deal and was the second leg of an earlier transaction involving the sale of the
Safehold Inc. closes acquisition of existing ground lease at 425 Park Ave. for $620 million
December 17, 2019
Manhattan, NY Safehold Inc. has closed on the acquisition of the existing ground lease at 425 Park Ave. for $620 million. In connection with this transaction, the company entered into a joint venture agreement with a sovereign wealth fund in
Akerman takes 100,000 s/f at Mitsui Fudosan America property
December 17, 2019
Manhattan, NY According to Mitsui Fudosan America, Inc. (MFA), Akerman LLP—ranked among The American Lawyer’s top 100 law firms in the U.S.—has signed a 100,000 s/f lease at 1251 Avenue of the Americas. The transaction brings
Procida Funding secures $39 million construction loan
December 17, 2019
Middlesex, NJ Procida Funding provided a $39 million construction loan, on behalf of the 100 Mile Fund, which Procida exclusively manages. The loan, made to Forte Real Estate Development, will finance “The View at
Newmark Knight Frank arranges $30.5 million financing for Caerus Group
December 17, 2019
Queens, NY Newmark Knight Frank has arranged a $30.5 million fixed-rate loan to a portfolio of two newly-repositioned, class A office buildings totaling over 65,000 s/f. The properties at 74 Kent St., in Greenpoint and 11-20 46th Rd. in
Zar Property NY completes five leases at 250 West 54th St.: 18,750 s/f
December 17, 2019
Manhattan, NY Zar Property NY has completed five leases totaling 18,750 at 250 West 54th St. Black Iron Burger signed a 15 year lease for a 3,600 s/f retail space. This will be the burger chain’s 5th NYC location. Albert Manopla and Carolina Aziz of Kassin Sabbagh Realty
Construction begins on $100 million East Midtown Greenway project
December 17, 2019
Manhattan, NY Mayor Bill de Blasio, deputy mayor for housing and economic development Vicki Been, NYC EDC president and CEO James Patchett, NYC parks commissioner Mitchell Silver, and NYC Department of Transportation (DOT) commissioner
Public Relations: TV maintains its power in real estate PR - by Harry Zlokower
December 17, 2019
As media options spread in the digital era, the inclination of some real estate players is to de-emphasize the earned media many of us were raised on, newspapers, magazines, radio, and that once mainstay of our living rooms, television.
Nassau County IDA gives preliminary approval of incentives for proposed project in Farmingdale
December 17, 2019
Farmingdale, NY According to Nassau County Industrial Development Agency (IDA) chairman Richard Kessel, the agency has given preliminary approval to a package of economic incentives for a proposed affordable housing complex.
Houlihan-Parnes Realtors place $4.5 million for 55,264 s/f office property in Armonk
December 17, 2019
Armonk, NY Christie Houlihan, Bryan Houlihan, James Houlihan, and Andy Greenspan of Houlihan-Parnes Realtors, LLC placed $4.5 million in acquisition financing on the 55,264 s/f office building located at 28 Kaysal Court.
Tishman Speyer leases 320,000 s/f Dentsu Aegis at Morgan North redevelopment
December 17, 2019
Manhattan, NY Tishman Speyer has reached an agreement with Dentsu Aegis Network to lease 320,000 s/f at its Morgan North redevelopment at 341 Ninth Ave. in the West Chelsea district. Under the 15-year lease, Dentsu Aegis Network, a
JBA Equities closes $135 million financing package for Mondrian Park Ave. Hotel in Manhattan
December 17, 2019
Manhattan, NY According to Jonathan Aghravi of JBA Equities, his team has secured a $135 million financing package for the Mondrian Park Ave. hotel located at 444 Park Ave. South. Aghravi and his team consisting of Charles Han and Eli Terry, along with Tal Bar-or of Lantern Real Estate, represented
Suminski and Flanders of KeyBank Real Estate Capital place $35.5 million for 224-unit complex
December 17, 2019
Rensselaer, NY KeyBank Real Estate Capital (KBREC) secured $35.5 million of Fannie Mae Green Certified financing for The Amedore Group and Sunrise Capital Partners, an Albany-based sponsorship, for a class-A multifamily property.
Manhattan Skyline Management brings Korean restaurant to Flatiron District; Chong of R&E Realty reps...
December 17, 2019
Manhattan, NY Manhattan Skyline Management Corp. has signed a lease agreement to bring Jua, a new Korean restaurant, to 36 East 22nd St. in the Flatiron District. The long-term lease is for 1,700 s/f of ground floor space with
ABS Partners Real Estate and Collier’s Int’l. collaborate for 3,700 s/f lease to Ferrell Mittman...
December 17, 2019
Manhattan, NY ABS Partners Real Estate has arranged a new 10-year, 3,700 s/f retail lease with furniture designer Ferrell Mittman at 228 East 58th St. The blended ground and second floor asking rent was
O’Brien and Peters of M.C. O’Brien Inc. secure two leases
December 17, 2019
Brooklyn, NY According to M.C. O’Brien Inc., they have secured two long-term leases on two exclusive retail listings. The first transaction was for
Brookfield Properties and C3 to bring Citizens eatery to Manhattan West complex
December 17, 2019
Manhattan, NY Brookfield Properties and C3, a subsidiary of global lifestyle and hospitality company sbe, unveiled plans for a new culinary destination at Manhattan West, the eight-acre complex Brookfield is developing on the