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CIBS announces 2022 most ingenious deal of the year

Bethpage, NY The Commercial Industrial Brokers Society of Long Island (CIBS) presented the 2022 Most Ingenious Deal of the Year (MIDY) Award at an event co-sponsored by the Association for a Better Long Island (ABLI). The award was given to the CBRE team of senior vice president Paul Leone, vice president Matt Manoogian and senior vice president Martin Lomazow for their outstanding work on the Baylis 495 Business

Black Excellence Awards Committee hosts the second annual Black Excellence Awards

Binghamton, NY The Black Excellence Awards Committee hosted the second annual Black Excellence Awards on June 16, 2023 at the DoubleTree by Hilton. The awards were designed to celebrate creativity, innovation, outstanding leadership, and a commitment to empowerment in the Black community. The awards this year honored 19 individuals across 17 different categories for their exceptional contributions in various trades and industries

Second Avenue announces JV partnership and property management agreement with Sculptor Real Estate

Tampa, FL Second Avenue, a full-service, institutional quality single-family rental platform (SFR), announced a strategic joint venture (JV) and property management agreement with Sculptor Real Estate (Sculptor), the real estate business of Sculptor Capital Management, Inc. (NYSE: SCU), a leading global alternative asset management firm specializing in real estate, credit, and multi-strategy investment products

Greyhill Group expands portfolio with $7.5 million acquisition of 63 unit multifamily property

New Britain, CT GreyHill Group, a rapidly growing, commercial real estate investment company headquartered in New York, has completed the acquisition of The Bleu, a 63-unit, multifamily property located at 1300 and 1412 East St. The transaction marks a significant addition to GreyHill's diverse portfolio. GreyHill Group acquired The Bleu at a purchase price of $7.5 million

Rockabill Consulting & Development promotes Taft to vice president

Hoboken, NJ Rockabill, a leading consultant and development partner for the affordable and supportive housing industry, announced that the firm has elevated Rebekah Taft to vice president where she will oversee a variety of transactions ranging

Mann and Newell of Friedman-Roth Realty Services sell 405 West 45th St. for $8.5 million - 30 apartment units

Manhattan, NY Jim Mann and Wells Newell of Friedman-Roth Realty Services have brokered the sale of 405 West 45th St. in the Hell’s Kitchen area.

JLL arranges $350 million debt and equity capitalization for construction of 363-unit The Italic

Queens, NY JLL’s Capital Markets group has arranged a $350 million debt and equity capitalization for the development of The Italic, a to-be-built, 363-unit, mixed-use community located at 26-32 Jackson Ave. in Long Island City.

Innovo Property Group and Affinius Capital close $334 million recapitalization of 2505 Bruckner Blvd. - one million s/f industrial

Bronx, NY Innovo Property Group (IPG) with Affinius Capital LLC (Affinius Capital) closed a $334 million recapitalization of 2505 Bruckner Blvd., a one million s/f, urban industrial facility. The existing

West Elm, Kohler and Hilti sign retail leases at Industry City

Brooklyn, NY Industry City, the 35-acre mixed-use complex comprising sixteen waterfront buildings, said that multiple lease signings were completed with design and construction brands, including West Elm, Kohler, and Hilti, totaling 37,106 s/f

Brix Real Estate Advisors finances multifamily $3.65 million refinance loan

Yonkers, NY Brix Real Estate Advisors brokered a $3.65 million refinance loan on a multifamily building. The 15-unit building, 88-90 Saratoga Ave., is located in the Park Hill neighborhood. The building is 24,490 s/f and was built in