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Merchants Capital provides $348 million in Fannie Mae financing for rehabilitation of 87 Brooklyn NYCHA properties

Brooklyn, NY The New York office of financial services company Merchants Capital has provided a $348 million Mortgage-Backed Securities (MBS) loan from Fannie Mae to support the rehabilitation of New York City Housing Authority (NYCHA

Farkas of Metropolitan Realty Associates closes on 75,000 s/f acquisition for $12.6 million

Bayport, NY Joseph Farkas, CEO and founder of Metropolitan Realty Associates LLC (MRA) has closed on the acquisition of three properties comprised of a vacant 75,000 s/f, single story cold storage/freezer facility and distribution center

Marcus & Millichap sells multifamily development sites for $7 million

Brooklyn, NY Marcus & Millichap has completed the sale of two multifamily development sites. The assets sold for $7 million. “This was a complex 421a development site, with a number of moving parts. My team, consisting of John Lopez

The Feil Organization completes $23.5 million refinancing of Home Depot Shopping Center

Elmont, NY The Feil Organization completed a $23.5 million refinancing of Home Depot Shopping Center provided by Principal Asset Management. Estreich & Company represented the Feil Organization in the transaction. “We are pleased to have secured this refinancing for Home Depot

Houlihan Lawrence Commercial sells
former Melrose School for $3 million

Brewster, NY Houlihan Lawrence Commercial, a division of Houlihan Lawrence, negotiated the sale of 100 – 120 Federal Hill Rd. in the town of Southeast in Putnam County. The property is the former campus of the Melrose School, which was run by the Community of the Holy Spirit,

Marcus & Millichap facilitates $9 million sale of multifamily property

Queens, NY Marcus & Millichap has completed the sale of a 34,000 s/f multifamily property. The asset sold for $9 million. “Having an understanding of this remarkably nuanced asset class gives

Tinc Productions relocates to 1560 Bdwy.

Manhattan, NY Tinc Productions, a technical production firm with expertise across the live event landscape, including on- and off-Broadway shows, has signed a seven-year lease for 2,964 s/f on the sixth floor of 1560 Bdwy. in Times Sq.

GFP Real Estate signs three leases at 171 Madison Ave.

Manhattan, NY GFP Real Estate, LLC has signed three leases at 171 Madison Ave. in Midtown South totaling 4,188 s/f. PBA USA, Inc., an Italy-based designer and manufacturer of bath ware and hardware accessories, signed a six-and-a-half-year

Cushman & Wakefield publishes legal sector leasing insights and NYC office market update

Manhattan, NY Cushman & Wakefield released its Legal Sector Leasing Insights report for the fourth quarter of 2023 alongside a January 2024 Office Market Update report.

Ariel Property Advisors arranges $26 million
sale of 237-unit 1500 Noble Ave.

Bronx, NY Ariel Property Advisors (Ariel) negotiated the $26 million sale of a 237-unit high-rise multifamily building at 1500 Noble Ave. An Ariel team comprised of Victor Sozio, founding partner; Shimon Shkury, president and founder; Jason Gold,