Front Section
Lendlease closes $360 million construction loan for 1 Java St. - the 36-story, 834-apartment multifamily development is in the Greenpoint waterfront
Brooklyn, NY Lendlease and joint venture partner Aware Super closed a $360 million construction loan for the development of 1 Java St. The 36-story, 834-apartment multifamily development will rise along the Greenpoint waterfront.
JLL Capital Markets sells 298 Mulberry St. for $115 million to Empire State Realty Trust
Manhattan, NY JLL Capital Markets negotiated the $114.9 million sale of 298 Mulberry St., a 96-unit, market-rate, mixed-use rental apartment property on the corner of East Houston and Mulberry Sts. in the Noho neighborhood.
Fry of Elegran Real Estate closes two unit sales at 111 West 57th St. for $34 million to Chinese buyer
New York, NY Chris Fry, a licensed associate real estate broker with Elegran Real Estate, has closed on two residences at 111 West 57th St. totaling $34 million. The residences were both sponsor units and purchased by the same individual.
Featured Columnist: NYC CRE 2023 ramp up - by Jakub Nowak
As the curtain closes on another year, it’s time to take a look at what the crystal ball holds for New York City’s commercial real estate market in 2023.
Robert Martin Company completes 586,000 s/f new leases/renewals
Elmsford, NY Robert Martin Company (RMC) negotiated 586,000 s/f of new leases, renewals, and expansions at its properties in Westchester for 2022.
Philipps of Katz & Associates leases 7,400 s/f
Manhattan, NY Katz & Associates’ Sean Philipps represented Housing Works Cannabis Co. in a lease at 750 Broadway (at 8th St.) for a recreational cannabis retail store.
Stanley of Bobrow & Company leases 7,150 s/f to NY Foundation for Arts
Brooklyn, NY The New York Foundation for the Arts signed a 10-year deal to relocate from 20 Jay St. to 7,150 s/f offices across the entire ninth floor of 29 West 38th St.
IREON’s winter mix-and-mingle
Long Island City, NY IREON members, along with their colleagues and friends, gathered together for a pre-holiday celebration of the winter season!
Resolution Real Estate leases at 45 West 34th St.
Manhattan, NY Dana Moskowitz, partner, and Jeffrey Zund, executive director/head of leasing of Resolution Real Estate Partners LLC arranged three new leases comprising 12,470 s/f and a 2,000 s/f office expansion at 45 West 34th St.
Sozio, Mahfar, Gold, and Shkury of Ariel sell six buildings for $33.6 million
Bronx, NY In partnership with Peter Hungerford of PH Realty Capital and Shlomo Tajerstein, David Kaye and Joe Listhaus of Rockledge purchased six elevator buildings in the Concourse Village area.
