Ariel Property Advisors (Ariel) has brokered the $19.1 million sale of an affordable multi-family and commercial property at 950 Westchester Ave. in the Longwood neighborhood.Mount Vernon, NY
Simone Development Companies has made public that ReadySpaces, a warehouse storage provider for small businesses, has signed a long-term lease for the entire 110,300 s/f building at 250 East Sandford Blvd.Brooklyn, NY
JLL Capital Markets has arranged $72.5 million in construction financing for 544 Carroll St., a 17-story ground-up class A multi-housing development in the Gowanus neighborhood.Manhattan, NY
Williams Equities has completed a long-term, 66,000 s/f relocation and expansion with Ramp, the finance automation platform, at the ownership group’s 28 & 40 West 23rd
St. property in Midtown South.
Even though the slumps in retail and office values have been well-documented this decade, the most significant downfall in New York real estate is in rent stabilized multifamily. Maybe that’s because rent stabilized apartment owners have been reluctant to admit defeat,Brooklyn, NY
TerraCRG negotiated the sale of the 46 unit multifamily building at 180 Bainbridge St. located in the Bedford Stuyvesant neighborhood. Carlyle Group and Z+G Property Group purchased the property for $22.4375 million. Matt Cosentino and Ofer CohenManhattan, NY
Tarter Krinsky & Drogin expanded its real estate and commercial leasing capabilities with the addition of partner Edward Goodman in its real estate practice. Goodman has skill and experience in the negotiation of commercial office leases.
Name: Jim Sheuchenko
Company: Property Management Advisors, LLC
Address: 265 Executive Drive, Suite 25...Garden City, NY
Moritt Hock & Hamroff has added five attorneys to its New York City office, expanding its real estate practice. Matthew Leeds, William McCracken and David Fitzhenry join as partners, while Matthew Healey joins as counsel and Brett StackManhattan, NY
M&T Realty Capital Corp., (M&T RCC), has appointed Sean Cullen as affordable housing platform manager and David Bonomo as managing director, multifamily originations in the New Jersey, and New York City offices.