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National Resources purchases Rising Ground’s 28-acre campus for $52.6 million
Yonkers, NY OPEN Impact Real Estate LLC (OPEN) brokered the sale of Rising Ground’s 28-acre Leake & Watts campus to National Resources, a real estate development company, for $52.6 million.
Edelkopf and Rosenfeld of Schuckman Realty facilitate sale of 911 Nostrand Ave.
Brooklyn, NY Schuckman Realty sold a multifamily walk-up building located at 911 Nostrand Ave. between Crown St. and Montgomery St. in Crown Heights.
Lebor and Manasia of TerraCRG arrange $4.25 million sale of 5,625 s/f development site
Brooklyn, NY TerraCRG has closed on the $4.25 million sale of 608 Ocean Ave., a shovel-ready residential development site in Prospect Park South.
Ezra, Schuster, and Paster of Newmark Retail lease 18,000 s/f in three new leases
Manhattan, NY Newmark Retail has secured three new leases on behalf of fashion retailer Express, Inc., totaling more than 18,000 s/f across 514 Broadway, 129 Fifth Ave. for two Express Edit stores and 107 Spring St. for the first UpWest store in the city.
ERG delivers $5 million loan
Brooklyn, NY ERG Commercial Real Estate through an affiliate, delivered a $5 million cash-out refinance loan to the owner of a fully leased commercial cash flowing property containing five tenants.
GameChanger and Dick’s Sporting Goods lease 25,600 s/f at RAL’s Zero Irving development
Manhattan, NY According to RAL Development Services (RAL) Game-Changer and its parent company, DICK’S Sporting Goods, leased 25,600 s/f of office space at the building, taking the entire 17th and 18th floors at Zero Irving.
Eastern Union secures $78.575 million loan to refinance 12 property portfolio
Bronx, NY Alex Jaffa, a senior loan consultant with Eastern Union, has arranged a $78.575 million loan to refinance a 1,017-unit portfolio of 12 multifamily properties consisting of 11 sites across nine New Jersey localities, along with one property in the Bronx.
Hempstead IDA gives preliminary OK for upgrade of 875 Merrick Ave.
Westbury, NY Fred Parola, CEO of the town of Hempstead Industrial Development Agency (IDA), said the agency has given preliminary approval to a package of economic development incentives that will assist a developer update a more-than-40-year-old office building.
Yim promoted to vice president at Mark Design Studios Architecture
Hicksville, NY Irene Yim was promoted to vice president of Mark Design Studios Architecture (MDS). “Irene has worked diligently over the years to help elevate MDS to the top of our field in terms of quality of design and service to our clients,” said Michael Mark, president/founder of MDS.
Forchelli Deegan Terrana promotes attorneys to partner
Uniondale, NY Forchelli Deegan Terrana LLP (FDT) promoted the following attorneys to partner effective January 1, 2023: • Lisa Casa, employment & labor
