Mineola, NY Hunt Corporate Services, Inc. said that SBG Distribution has purchased the 17,000 s/f industrial building at 257 East Second St. David Hunt represented the seller, Great Neck Saw Manufacturers, Inc., while the buyer was represented by Joicey Varughese
Mount Vernon, NY The city of Mount Vernon, in Westchester County is getting smarter. The community, which is just 22 minutes away from mid-town Manhattan via the Metro North Railroad, inked a contract with Hollywall Development Company
Brooklyn, NY Arbor Realty Trust, Inc. funded a Freddie Mac SBL deal. 2402 Gerritsen Ave., a mixed-use property, received $4 million in refinance funding through the program. The loan includes a 10-year hybrid term on a 30-year amortization schedule.
New York, NY A residential panel discussion featuring several of the region’s industry experts will be a highlight of the 11
th Annual New York City Real Estate Expo, set for October 24, at the New York Hilton Midtown Hotel.
New York City, NYMitti Liebersohn, president and managing director for Avison Young, said the firm has arranged a new 10-year, 27,488 s/f lease for Norris McLaughlin across the entire 21st floor at 7 Times Sq. Tower, the 47-story, 1.2 million s/f Class A office building located in the heart of Midtown Manhattan.
Brooklyn, NY According to Greiner-Maltz, William Segal of Alpha Equity Group has purchased 4401 2nd Ave. and 222 44th St. in the Sunset Park section of the borough from Mesorah Publications. The buildings will be developed primarily for industrial use, with a component of commercial office.
New York, NY HFF Securities, L.P. (HFFS) and Holliday Fenoglio Fowler, L.P. (HFF) advised CNL Healthcare Properties, Inc. on its $1.25 billion sale to Welltower Inc. of a 55-building Class A medical office portfolio. HFFS was engaged in 2018 to act
Rights of first refusal (ROFRs) in real estate transactions are common, as is the litigation surrounding them. One of the reasons for the frequency of litigation is that, if not thoughtfully and carefully drafted, ROFRs can be broader reaching than intended and can obstruct future deals.
New York, NY Bohemia Realty Group, a full-service real estate brokerage specializing in the sale and leasing of residential and commercial properties in Upper Manhattan and the Bronx, as well as the greater New York City area,
New York NY Marcus & Millichap has been selected to exclusively represent 36 Walker Street Properties LLC in the sale of 36 Walker St., according to John Krueger, regional manager of the firm’s Manhattan office.
