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Ciafardoni and Gordon of Silber Investment Properties broker $1.6 million sale of 7,000 s/f strip ma...
October 1, 2019
Hempstead, NY According to Silber Investment Properties, (SIP) Linshore LLC has acquired a 7,000 s/f strip center property at 6-16 W. Columbia St. for $1.6 million (8% CAP). Anthony Ciafardoni represented the buyer, while Amanda Gordon
Davis & Gilbert LLP sign 15-year lease at Rudin’s 1675 Broadway; Miller, Gottlieb, Gell and Wellen...
October 1, 2019
Manhattan, NY According to the Rudin family, law firm Davis & Gilbert LLP has signed a 15-year, 86,000 s/f lease at 1675 Broadway, a 35-story, 850,000 s/f office tower in Midtown. Davis & Gilbert will relocate from
Over 1,500 agents become “Commercial & Investment Real Estate-Certified”
October 1, 2019
New York, NY According to Edward Smith Jr., CREI, ITI, CIC, GREEN, MICP, and CNE, over 1,500 agents in NY and CT are now recognized as being “Commercial and Investment Real Estate Certified (CIREC).
Barcel Group handles five sales totaling $15.725 million
October 1, 2019
Brooklyn, NY The Barcel Group has completed the sale of five buildings totaling $15.725 million.
573 Franklin Ave., a three-story walk-up building in Crown Heights sold for $2.05 million. The
Peck, Rotchford and Knapp of JLL arrange $53 million bridge loan; financing placed for HSP Real Esta...
October 1, 2019
Manhattan, NY JLL arranged a $53 million bridge loan for Chelsea Sq., a 113,629 s/f, boutique office property in the Penn Plaza submarket. JLL worked on behalf of the borrower, HSP Real Estate Group,
Company of the Month: Meet your new partners: Besen restructures into a complete full-service vision...
October 1, 2019
New York, NY After three decades in business, The Besen Group has embarked on a new partnership structure. In conjunction with several strategic hires, it is bolstering its platform as a full-service, commercial real estate advisory firm.
Steps to ensure a successful reverse exchange - by Pamela Michaels
October 1, 2019
Frequently, investors in New York City and the Northeast contact me to perform a reverse exchange with little understanding of the steps involved to successfully perform this unique exchange variation and without proper planning. This is generally the
Rochester's Charlotte Square on the Loop project completed – $12 million
October 1, 2019
Rochester, NY According to governor Andrew Cuomo, a newly constructed $12 million affordable housing development has been completed downtown. Charlotte Square on the Loop is the first residential development in the Inner Loop East Transformation
Construction Law: An attorney discusses three tips for a successful renovation - by C. Jaye Berger
October 1, 2019
What a nice thing it would be to hand your house keys to a contractor, go on vacation and come back and the work is done. However, things do not work like that in the real world, even though your contractor may do wonderful work. Every job needs your
Westbridge Realty Group closes six sales totaling $6.565 million
September 3, 2019
Brooklyn, NY Westbridge Realty Group closed the following sales:
1010 Gates Ave. in the Stuyvesant Heights neighborhood sold for $2.65 million. This is a 12,716 buildable s/f, 19-unit development site. The existing two-story building
Outside the Region: Admiral Capital Group acquires Dallas office property, Fourteen555
September 17, 2019
Dallas,TX According to Admiral Capital Group, its core-plus investment platform (A2R) has acquired Fourteen555, a 249,564 s/f class A office building located in the Lower Tollway submarket.
Outside the Region: Tax Advantage Group closes $8.5 million sale of Faith Family Medical
September 17, 2019
Nashville, TN Tax Advantage Group LLC (TAG), a consulting firm specializing in New Markets Tax Credit (NMTC) financing, closed its third NMTC transaction in a Federal Promise Zone with the funding of Faith Family Medical Center
Outside the Region: Hipp of Calkain Cos. and Wenig of AvisonYoung broker $4.1 million sale
September 17, 2019
Elkridge, MD Jonathan Hipp, president and CEO at Calkain Cos. completed the sale of the newly built Royal Farms convenience store at 7136 Montevideo Rd. Hipp represented a local developer in the disposition of this 20-year NNN ground lease
Outside the Region: MC Real Estate Partners acquires executive plaza office complex: 327,000 s/f
September 17, 2019
Rockville, MD MC Real Estate Partners LLC (MCRE) and an institutional partner have acquired Executive Plaza. This is the second office acquisition for the company founded by Andy Nathan and Steve Grant as the successor to their
Outside the Region: Allied Orion Group to manage, serve as GC for Territory at Greenhouse
September 17, 2019
Katy, TX Allied Orion Group has been selected to manage and serve as general contractor for Territory at Greenhouse Apartments, a 288-unit community. The firm has broken ground on the class A community which is slated to open in
Outside the Region: Trion Holdings LLC sells Norwich, CT property to Casa R.E. for $9.2 million
September 17, 2019
Norwich, CT Trion Holdings sold their property at 102 Stonington Rd. to Casa Real Estate LLC who paid $9.2 million for the property on August 22nd, 2019.
Outside the Region: TerraCap Management acquires Denver Corporate Center II & III
September 17, 2019
Denver, CO TerraCap Management LLC has acquired Denver Corporate Center II & III for $71.71 million. The acquisition consists of two 11-story office buildings and totals 381,466 rentable s/f.
Outside the Region: Hamilton Zanze acquires Abbotts Run Apartments
September 17, 2019
Alexandria, VA Hamilton Zanze (HZ) has acquired the Abbotts Run apartment community. The purchase closed on August 29th and property management responsibilities have been transferred to Mission Rock Residential.
Outside the Region: Hylan relocates HQ to N.J. Bell Works Building
September 17, 2019
Holmdel, NJ Hylan, a market leading provider of specialized communications engineering and construction services, has moved its headquarters to the revitalized Bell Works Complex at 101 Crawfords Corner Rd.
Outside the Region: Fryer of G.S. Wilcox & Co. secures $12 million for new ShopRite supermarket
September 17, 2019
Sparta, NJ According to G.S. Wilcox & Co., principal David Fryer has secured $12 million in financing for a new ShopRite supermarket that will open in October. The financing was provided for the 80,000 s/f ShopRite and