Front Section

Simone honored with lifetime achievement award from Boys & Girls Club of Mount Vernon

Mount Vernon, NY The Boys & Girls Club of Mount Vernon (BGCMV) presented community and business leader Pat Simone, founder of Simone Development, with a posthumous Lifetime Achievement Award

Marx Realty signs 10-year lease with Wells Fargo

Manhattan, NY Marx Realty has signed a 10-year retail lease with Wells Fargo to occupy 4,700 s/f of retail space at 545 Madison Ave. in the Plaza District. Marx Realty was represented internally by Henry Henderson and Wells Fargo was represented by Annette Healey of CBRE.

Cole Schotz P.C. advises G4 Capital Partners in $75 million loan

Manhattan, NY Cole Schotz P.C. has advised G4 Capital Partners in a $75 million loan to Jeffrey Dagowitz’s JHG Holdings and investor Adam Neumann for a future project on West 23rd St. G4 provided the debt, which refinances

Extell Development Co. begins closings at 483-unit Brooklyn Point,
located above 600,000 s/f City Point complex

Brooklyn, NY According to Extell Development Co., it has started closings and first move-ins at Brooklyn Point, located above City Point, a 600,000 s/f retail, dining and entertainment complex.

Coaching: Standing is a start, but it’s time for doing - by Rod Santomassimo

In the wake of the racial unrest that continues to hold back our great country, our communities, and yes, even our industry, over the last several weeks, I have met with our African American clients, colleagues, and several associates.

Gemini Rosemont Development buys East Village site for $14.5 million

Manhattan, NY Gemini Rosemont Development, a division of Gemini Rosemont Commercial Real Estate, has acquired 38 Second Ave. in the East Village. The property was purchased from LaSalle New York City, Inc., for $14.5 million.

CBRE Long Island reps. RXR Rlty. in $32 million sale to The Feil Org.;
Sperry and Tylenda of CBRE-Albany broker $4.05 million deal

Melville and Albany, NY CBRE has completed two sales totaling $36.05 million. The CBRE Team of Jeff Dunne, Jeremy Neuer, Steve Bardsley, David Gavin, Gene Pride and Travis Langer in collaboration with Philip Heilpern of CBRE’S Long Island Office completed the

Global One Real Estate Fund II acquires
Queens property for $26.5 million; JLL handles sale

Queens, NY According to JLL, Global One Real Estate Fund II, an affiliate of Nelson Management Group, has acquired the six-story mixed-use building at 105-05 69th Ave. in Forest Hills.

Silber Investment Properties broker three sales totaling $9 million;
Includes $6.675 million deal by Etessami and Silber

Brooklyn, NY Working remotely and safely to close deals, Silber Investment Properties closed three sales totaling $9 million

Lincoln Property Co. and CIG Properties secure 760 s/f with Cornerstone Mortgage Group

Basking Ridge, NJ According to Michael Taylor, senior vice president of Lincoln Property Co., on behalf of CIG Properties, they have signed another new lease with