Fordham Real Estate Institute honors
Gilmartin, Levine, and Fusco

Manhattan, NY Top industry professionals came together to celebrate three real estate colleagues who are changing New York City’s landscape and to support the real estate leaders of tomorrow at an event hosted by Fordham University’s Real Estate Institute (REI).

Doshi and Mehra of Meridian sell two elevator buildings for $9.1 million

Brooklyn, NY Meridian Capital Group’s Amit Doshi and Shallini Mehra closed on their exclusive listing located at 288 and 295 Maple St. The two six-story elevator buildings are located in the Prospect-Lefferts Gardens neighborhood, span 74,622 s/f, and are currently configured with

JLL arranges $354 million capitalization for 734,000 s/f industrial project

Queens, NY JLL Capital Markets arranged the $354 million total capitalization for 28-90 Review Ave., a 4.03-acre, industrial development totalling 734,000 s/f in Long Island City.

Sherman of Baseline Real Estate Advisors brokers $13.5 million sale of 30,000 s/f development site

Brooklyn, NY Michael Sherman, founder of Baseline Real Estate Advisors negotiated the sale of 203-209 N 11^th St. for $13.5 million. The subject property is a 30,000 buildable s/f development site in Williamsburg. The property was a vacant warehouse on

Hempstead Industrial Development Agency approves economic benefit incentives for 138,245 s/f project

Inwood, NY Fred Parola, CEO of the Town of Hempstead Industrial Development Agency (IDA) has approved a package of economic development incentives for a proposed warehouse that will boost revenues for taxing jurisdictions, especially the Lawrence School District.

JLL closes $80m land recapitalization and vertical equity capitalization for 499 President St. project

Brooklyn, NY JLL Capital Markets has closed an $80 million land recapitalization and arranged the equity capitalization for the development of a mixed-use community at 499 President St. The community will feature 350 apartments and 20,000 s/f of ground-floor retail.

Black Bear Capital Partners arranges
$58 million refinancing for 503-511 Broadway

Manhattan, NY Black Bear Capital Partners (BBCP), a subsidiary of Black Bear Asset Management (BBAM), has arranged $58 million in financing on behalf of HSR Corp. for the refinance of a class-A, office building with ground-floor retail.

Benefits of NYSCAR membership - by Ira Zucker

Advocacy at the state capitol
NYSCAR is passionate about the laws that affect all of us, on local, state and national levels. Our affiliations with NYSAR and NAR give us a voice in opposing legislation that would hurt our industry as well as in supporting positive legislation. This political “watch dog” function of our organization

JLL represents landlord in Eton relocation to 330 Madison Ave.

Manhattan, NY MEAG, Munich Re’s asset manager, said that Swedish men’s shirts brand Eton has leased a ground floor retail space at 330 Madison Ave., the class A, 852,000 s/f tower that is 95% leased to tenants including Guggenheim Partners, JLL and Munich Re Group.

Consigli Construction, G3 Architecture Interiors Planning, and George Comfort & Sons break ground on New York Blood Center Enterprises campus

Rye, NY New York Blood Center Enterprises (NYBCe) celebrated the groundbreaking of their new campus. This 187,000 s/f campus located at 601 Midland Ave. will be home to NYBCe’s tri-state operations, including space for life sciences research, blood collections, processing and cell