JLL arranges $26.85m acquisition financing for The Nathaniel

Manhattan, NY JLL Capital Markets has arranged $26.85 million of acquisition financing for The Nathaniel, a grocery-anchored, 85-unit apartment building located at 138 East 12^th St. in the East Village neighborhood.

Silverstein leases 14,000 s/f to RPA at 120 Broadway

Manhattan, NY According to Silverstein Properties, Rockefeller Philanthropy Advisors (RPA) is relocating its New York headquarters from Midtown to 120 Broadway, the landmarked “Equitable Building” in Lower Manhattan.

Naftali Group and Access Industries close on $385m const. loan for 470 Kent Ave.

Brooklyn, NY Naftali Group is partnering with Access Industries for the transformation of the Williamsburg waterfront development at 470 Kent Ave.

EW Howell Const. completes 68,000 s/f St. Johnland facility

Kings Park, NY EW Howell Construction Group has completed the new St. Johnland Assisted Living at 393 Sunken Meadow Rd. The two-story, 68,000 s/f facility on Long Island’s North Shore offers 80 residential units and 100 beds.

Pourciau of KWNYC leases 16,000 s/f

New York, NY Bennett Pourciau of Keller Williams New York City (KWNYC) closed an off-market lease for the immersive entertainment musical production of The Great Gatsby.

Marketing trends in a period of uncertainty - by Kimberly Zar

America is holding on tight for a year of unpredictable change. Market uncertainty, global events and political shifts could influence the commercial real estate industry dramatically. During this time, it’s important to maintain a marketing strategy that helps your business not only stay afloat but also thrive in 2023.

Elmo Realty celebrates 30-year anniversary

Bronx, NY According to Moujan Vahdat, CEO of Elmo Realty Co., one of the largest landowners in the state, the company is celebrating their 30-year anniversary of their corporate mandate for alleviating the homeless crisis in the city.

Ferrara and Leonhardt of Brax Realty sell $10.37m dev. site

Long Island City, NY Michael Ferrara, managing principal of Brax Realty and Cole Kinney Leonhardt, investment sales associate of Brax Realty negotiated the closing of 23-17 41^st Ave. for $10.37 million.

Slate Property and PCCP acquire 123 East 54th St. for $37.7 million

Manhattan, NY Slate Property Group and PCCP, LLC acquired 123 East 54^th St., a mixed-use property located in Midtown East between Park and Lexington Aves., for $37.7 million.

Polsky joins GTL as CFO

White Plains, NY Gary Polsky has joined GTL Construction as their new chief financial officer (CFO). He will be responsible for the oversight of day-to-day accounting and financial operations as well as creating budgets and forecasts and other special projects.