The Real Estate Board of New York (REBNY) released a new analysis of Placer.ai location data for Manhattan office buildings. The report compares 2023 building visitations mid-week (Tuesday-Thursday) to Monday and Friday to prepandemic baselines
Queens, NY BHI has provided a $29.25 million loan to ZDJ Jamaica LLC. Funds from this loan will finance the construction of 138-45 Jamaica Ave. Upon completion, 138-45 Jamaica Ave. will be a seven-story ground-up mixed-use development
Manhattan, NY JLL said that Arcade Songs, the independent music publisher headed by multi-platinum, Grammy Award nominated songwriter and producer, Gregg Wattenberg, will relocate to the newly-developed 60 Charlton St. office building in the city’s Hudson Sq. neighborhood.
Brooklyn, NY National Equity Fund (NEF) has provided a $12.5 million loan to refinance a five-building portfolio through the NEF Workforce Housing Innovation Fund. The financing comes in partnership with Iris Holdings Group, a national affordable housing developer and operator
Brooklyn, NY Ariel Property Advisors (Ariel) negotiated the sale of a corner development site within an opportunity zone at 2251 Nostrand Ave. to CAVU Property Group for $12.8 million, or $170.66 per s/f. The property, previously owned by The Jackson Group, offers 75,000 buildable s/f
Manhattan, NY GFP Real Estate, LLC said that luxury fashion house AMSALE has signed a 10-year lease extension for its existing 12,500 s/f of space — the entire 12
th floor — at 318 West 39
th St. in the Garment District.
Purchase, NY The commercial division of Houlihan Lawrence brokered the sale of a seven-acre working horse farm at 120 Cottage Ave. for $5.6 million. Teresa Marziano, who specializes in investment advisory and owner representation, represented the purchaser.
Manhattan, NY Rudin has finalized a five-year lease extension with West Publishing Corp. at 3 Times Sq., a 30-story tower in the final stages of redevelopment. A unit of Thomson Reuters, West Publishing Corp. produces an array of products geared to the legal,
Brooklyn, NY AmTrust RE completed a 5,110 s/f lease transaction at 203 Jay St., a 72,000 s/f mixed-use property. The tenant, Patis Bakery, will unveil two dining concepts in the fall of 2023: a full-service sit-down restaurant and a cafe/upscale bakery.
Brooklyn, NY The Davis Companies (Davis) has become a JV equity investment partner in a mixed-use luxury development located at 55 Willoughby St. The borrower, a joint venture of Lonicera Partners and Rabina, is represented by JLL who has also secured a floating rate loan
