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Cotsalas, Bjornsund and Wylie of NorthMarq collaborate in $63m loan
February 18, 2020
Manhattan, NY Charles Cotsalas, senior vice president/managing director of NorthMarq’s Long Island office collaborated with Craig Bjornsund
Breda and Lombardo of Goedecke & Co. neg. $28.5 million refinance
February 18, 2020
Tamarac, FL Goedecke & Co., LLC has arranged $28.5 million in first mortgage financing for the refinance of Sunshine Plaza, a 236,934 s/f anchored shopping
Blake joins Greystone
February 18, 2020
New York, NY According to Greystone, Christopher Blake has joined as a director based in New York, reporting to Anthony Cristi, managing director.
GCP Capital Group arranges eight mortgages totaling $109.97 million
February 18, 2020
Manhattan, NY GCP Capital Group LLC has arranged mortgage financing for the following properties:
• $7 million for four contiguous
Walker & Dunlop acquires AKS Capital Partners
February 18, 2020
New York, NY Walker & Dunlop, Inc. has acquired AKS Capital Partners. Recognized as one of New York City’s premier, independent capital markets
JLL arranges $90.5 million loan to finance portfolio
February 18, 2020
Brooklyn, NY JLL Capital Markets secured a $90.5 million loan to finance a retail portfolio comprising 11 assets totaling 85,000 s/f within in the retail corridor
Merchants Capital places $40.9 million refinance
February 18, 2020
Manhattan, NY Mortgage banking company Merchants Capital has secured $40.9 million in refinancing for The Tapestry, 245 E. 124th St.,
Berkadia secures $32m in stretched senior financing
February 18, 2020
Manhattan, NY Berkadia secured stretched senior financing (a senior loan with a mezzanine loan component) for Emmut Properties
Rosenberg & Estis, P.C. represents Whittle School & Studios in 620,000 s/f
February 18, 2020
Brooklyn, NY Rosenberg & Estis, P.C. represented Whittle School & Studios in completing a 20-year lease for the entire 10-story 620,000 s/f space at The Wheeler Building at 181 Livingston St., a tower built over
Triangle Equities, Township Capital and L&B Realty Advisors close $87 million
February 18, 2020
Queens, NY Triangle Equities and its partners Township Capital Inc. and L&B Realty Advisors LLP have closed an $87 million construction loan
SWBR wins NAIOP award for RIT MAGIC Spell Studios
February 18, 2020
Rochester, NY SWBR was recognized at the 2019 NAIOP Upstate New York Chapter Awards of Excellence ceremony for its design work on Rochester Institute of Technology’s MAGIC Spell Studios. Recognized with the Best
Polsinelli, Cardillo of Compass sell 50,000 s/f development site
February 18, 2020
Brooklyn, NY Adelaide Polsinelli, vice chair of Compass and the newly launched investment sales division, along with Michael Cardillo also of Compass, arranged the sale of 2673-2675 Atlantic Ave. in Cypress Hills, in the East New York
Brookfield Properties signs National Grid to 2 Hanson Pl.; Cushman & Wakefield acts for tenant
February 18, 2020
Brooklyn, NY According to Brookfield Properties, National Grid has signed a 15-year, 87,000 s/f lease at 2 Hanson Pl. National Grid is designing a workspace at the building in response to the changing expectations of
Madison Capital and Salmar Properties finalize two leases at Liberty View Industrial Park: 40,484 s/...
February 18, 2020
Brooklyn, NY Madison Capital and Salmar Properties have completed tenant signings of Prose, a personalized hair care brand, and IDL Communications & Electric, an electric infrastructure company that works with the
Perlman and Brodsky of NKF arrange 70,728 s/f lease for Marcum LLP
February 18, 2020
Manhattan, NY Newmark Knight Frank (NKF) has arranged a 70,728 s/f office lease for accounting firm Marcum LLP at 730 Third Ave. NKF’s executive managing director Ross Perlman and senior managing director Lee Brodsky
Stenson of Brax Realty exclusively handles $6.48 million Manhattan sale
February 18, 2020
Manhattan, NY Alan Stenson, senior director of locally-based investment sales brokerage firm Brax Realty has completed the sale of a 6,250 s/f mixed-use building in the Chelsea neighborhood. The property, 220 West 16th St., located
Ariel Property Advisors sells four development sites: $18.7 million
February 18, 2020
Brooklyn, NY Ariel Property Advisors exclusively arranged the sale of 185-199 Conover St. and 135 Dikeman St., a development site comprised of nine parcels in the Red Hook area. The assemblage sold for $8.1 million, or
Marx Realty secures 25,000 s/f with Strike Tech., GTS
February 18, 2020
Manhattan, NY Marx Realty (MNPP) has signed a lease renewal and expansion with Strike Technologies, and its subsidiary Global Trading Systems (GTS), to a five-year, 25,000 s/f lease at 545 Madison Ave. The firm will occupy
JLL closes $65 million sale for Savanna and Hornig Capital
February 18, 2020
Bronx, NY JLL Capital Markets completed the $65 million sale of The Bruckner Building, an 188,000 s/f office building at 2417 Third Ave. in the Mott Haven neighborhood.
Beth Zafonte thrives on Akerman’s forward-thinking and collaborative environment
February 18, 2020
New York, NY The New York Real Estate Journal (NYREJ) sat down with Beth Zafonte, this month’s executive of the month, for a question and answer session. Zafonte is the director of economic development services at Akerman LLP.