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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
JLL completes 123,516 s/f lease for TransPerfect global headquarters with global holdings management...
March 19, 2019
Manhattan, NY JLL has completed a 15-year lease totaling 123,516 s/f with TransPerfect for Global Holdings Management Group’s NOMAD Tower, 1250 Broadway.
TransPerfect will relocate from 3 Park Ave. to occupy space on five full floors, including
Twena of Tri State Commercial leases 800 s/f retail
space to Lips Cafe and Coffee House in East...
March 18, 2019
Brooklyn, NY Lips Cafe and Coffee House has inked an 800 s/f retail lease for a new glass storefront in East Flatbush. The space is located in an 8,707 s/f building at 1412-1414 Nostrand Ave. The is the cafe's first location and the first business venture for owner Jamane Weekes.
Futterman of Newmark Knight Frank speaks at February 12th YM/WREA lunch
March 19, 2019
Manhattan, NY The Young Mens/Womens Real Estate Association (YM/WREA) held their monthly luncheon at The University Club, One West 54th St., College Hall (Main Floor) on February 12th.
The speaker was Robert Futterman, chairman, Retail Leasing Division, Newmark Knight Frank (RKF).
Sciara of Nelson & Pope honored by LIBN as one of the Top 40 under 40 Professionals
March 19, 2019
Melville, NY According to Nelson & Pope (N&P), Michael Sciara, RA, a partner in their Architectural Division, has been named one of Long Island Business News top 40 under 40 Professionals.
Sciara is an executive (and N&P’s youngest partner) with over 20 years of experience in the design, planning and implementation of…
NYC Dept. of Buildings commissioner Chandler speaks at Long Island City Partnership’s Business Bre...
March 19, 2019
Queens, NY On January 29th, NYC Department of Buildings commissioner Rick Chandler spoke at the Long Island City Partnership’s Business Breakfast. The commissioner discussed the new DOB NOW portal that standardizes processes for filing various applications and permits online…
MacRae and Williams join Macro Consultants as directors, project management
March 19, 2019
Manhattan, NY According to Macro Consultants, Rory MacRae and Dodie Williams have joined the firm as directors, project management.
MacRae joins Macro following his tenure at NYU Langone Health as the assistant director of construction, Kimmel Program.
Williams will be based in Philadelphia.
SCG Retail expands tenant and landlord representation with new hires Masson and Wray
March 19, 2019
Manhattan, NY SCG Retail, a division of The Shopping Center Group, has expanded their tenant and landlord representation with two new hires, Nick Masson and Nick Wray.