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Allen of CTA Architects leads panel discussion on façade safety during fundraising event for GGMSF ...
March 19, 2019
New York, NY Daniel Allen, AIA, a partner at CTA Architects, P.C. and the firm’s historic preservation specialist, led the panel discussion on façade safety during a fundraising event for the Grace Gold Memorial Scholarship Fund (GGMSF), held at Barnard College’s Barnard Hall.
Zegen of MRC negotiates $21.4m first mortgage for AB Capstone; To refinance debt and support lease-u...
March 19, 2019
Queens, NY Madison Realty Capital (MRC) closed a $21.4 million first mortgage loan collateralized by a 78,313 s/f, class A commercial building in the Bellerose neighborhood. AB Capstone, a repeat borrower with MRC, will utilize the funds to refinance previous debt and support final leaseup and stabilization of the asset.
Berkadia acquires Central Park Capital Partners
March 19, 2019
New York, NY Berkadia has acquired Central Park Capital Partners (CPCP), a boutique real estate capital advisory firm focused on arranging joint venture investments and structured capital from international
Cushman & Wakefield arranges $13.4 million for Jamaica development site
March 19, 2019
Queens, NY Cushman & Wakefield served as the exclusive advisor to Great Atlantic Construction Inc. in the procurement of $13.4 million in financing for two adjacent development sites, totaling 237,000 buildable s/f, located at 89-25 and 89-26 162nd St. in Jamaica. The bridge loan was provided by Lightstone Capital Markets.
HFF hires Tonnessen as director in New York office
March 19, 2019
New York, NY Holliday Fenoglio Fowler, L.P. (HFF) has hired Bob Tonnessen as a director focused on debt and equity placement transactions in its New York office.
Katz of GCP arranges $17.975 million mortgage
March 19, 2019
Brooklyn, NY Stephen Katz, managing director of GCP Capital Group LLC has arranged a $17.975 million mortgage. The loan was placed for a six-story multifamily apartment building containing 107 units, located in the Gravesend neighborhood.
Cotsalas of NorthMarq secures $4.5 million for 20,000 s/f medical office; Refinanced Montefiore Medi...
March 19, 2019
Bronx, NY Charles Cotsalas, senior vice president/senior director of NorthMarq’s Long Island-based regional office secured the $4.5 million refinance for Montefiore Medical Center, a 20,000 s/f class A medical office property located at 3316 Rochambeau Ave.
Naftali Credit Partners closes $65 million construction loan for 74-unit condo project; Betesh of Me...
March 19, 2019
Queens, NY Naftali Credit Partners, a subsidiary of Naftali Group, has closed on a $65 million construction loan for 107-02 Queens Blvd. The offering for the 10-story, 74-unit condominium project in Forest Hills is the second by Naftali Credit Partners.
Kapahi of HKS Real Estate refinances $105 million loan
March 19, 2019
Manhattan, NY Simon Baron Development Group has landed a $105 million loan to refinance its 114-unit rental project at 393 West End Ave., a pre-war Upper West Side building. The new loan was provided by M & T Bank and refinances the existing debt of $70 million.
Chehade of SoHo Properties led financing efforts for $270 million construction loan for 560 Seventh ...
March 19, 2019
Manhattan, NY Soho Properties, led by its chairman and CEO Sharif El-Gamal, together with co-developers Chip and Andrew Weiss of Flintlock Construction, closed on $270 million in construction financing for 560 Seventh Ave., the future home of Margaritaville Resort New York City. Located in Times Sq., the 170,000 s/f, 234-key property, is expected to open late 2020.
Shaban of Besen & Associates completes $950,000 Brooklyn sale
March 19, 2019
Brooklyn, NY Besen & Associates has completed the $950,000 sale of 1957 Flatbush Ave. in the Marine Park/Canarsie neighborhood. The property consists of a two-story mixed-use building containing four total units, two residential units and two ground floor vacant units. The two second floor apartments consist of one one-bedroom/one-bath unit and one two-bedroom/one-bath unit.
Marcus & Millichap brokers three sales totaling $7.905 million; Includes a $3.45 million sale by Ri...
March 19, 2019
Queens, NY According to John Horowitz, first vice president – regional manager of Marcus & Millichap’s Brooklyn office, the firm has brokered three sales totaling $7.905 million. The first deal was the $3.45 million sale of Putnam - Cornelia Package, two six-unit apartment buildings located at 1868 Putnam Ave. and 1862 Cornelia St. in Flushing.
Unger of KDA brokers 17,060 s/f lease
March 19, 2019
Queens, NY According to Kalmon Dolgin and Neil Dolgin, co-presidents of Kalmon Dolgin Affiliates (KDA), the firm has arranged a new, 17,060 s/f lease to Tri-Country Care, a healthcare rehab provider, at The Lion Match Building located at 22-15 43rd Ave. in Long Island City section.
Kaufman Organization leases 5,418 s/f at 19W24
March 19, 2019
Manhattan, NY According to The Kaufman Org., Wilson Daniels Wholesale, LLC, an importer and distributor of fine wines, has signed a 5,418 s/f, seven-year lease to double its presence at Kaufman’s 19 West 24th St. (19W24) in NoMad.
Bestreich Realty Group arranges three sales totaling $8.1 million; Includes the $4.7 million sale of...
March 19, 2019
Brooklyn, NY Bestreich Realty Group (BRG) has brokered three sales totaling $8.1 million. The deals include the following:
• The $1.6 million sale of 1283 Nostrand Ave. in the Prospect Lefferts Gardens section. This multifamily is 4,500 s/f and is $355 per s/f. Derek Bestreich and Brian Underkofler represented both sides of the transaction.
Greenberg of Jack Resnick & Sons arranges three leases at One Seaport totaling 285,000 s/f
March 19, 2019
Manhattan, NY According to Jack Resnick & Sons, three tenants have signed new leases and expansions totaling 285,000 s/f at One Seaport Plaza/199 Water St., its 35-story, 1.1 million s/f downtown property. In the largest transaction, WeWork signed a 15-year, 201,231 s/f lease covering five full floors. The space is located on the 30th through 35th floors.
CBRE reps Cove Property in 100,638 s/f lease to Lyft, Inc. at Hudson Commons
March 19, 2019
Manhattan, NY Cove Property Group has signed a 100,638 s/f lease with Lyft, Inc. at Hudson Commons, a 28-story repositioned office tower located at 441 Ninth Ave. and 34th St. The building’s location at the gateway of Hudson Yards and its immediate proximity to the ongoing redevelopment of the Moynihan transportation hub and Penn
Nelson, Polakoff and Rothschild of Avison Young broker $35.5 million
March 19, 2019
Manhattan, NY The tri-state investment sales group for Avison Young has brokered the $35.5 million sale of three residential buildings, located at 344, 346 and 348 East 62nd St. in the Lenox Hill neighborhood. The three properties total 40,612 gross s/f across 72 units, comprised of 70 apartments and two retail units.
Amato and Kontis of TEK Realty Advisors sell Long Island City multifamily for $1.835 million
March 19, 2019
Queens, NY TEK Realty Advisors LLC (TEKRA) has facilitated the sale of 34-32 43rd St., a value-add multifamily building in Long Island City. The all-cash transaction was valued at $1.835 million, which equates to or $339.81 per s/f or $305,833 per unit.
Gang, O’Toole & Waldman of Lee NYC execute lease for BerlinRosen: 7,000 s/f
March 19, 2019
Manhattan, NY Gregory Gang, executive managing director/principal, Catherine O’Toole, executive managing director/principal, and Ari Waldman, director of Lee & Associates NYC have arranged a six-and-a-half-year, 7,000 s/f sublease on the fourth floor at 15 Maiden Ln. for BerlinRosen.
The public relations and strategic communications firm is already an anchor tenant at