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Cushman & Wakefield executes $5.4 million sale in an Opportunity Zone

Manhattan, NY Cushman & Wakefield (C&W) arranged the sale of 48 Clinton St., a 5,467 s/f mixed-use building. The final closing ...

Citadel Enterprises expands at L&L Holdings 425 Park office tower – 120,400 s/f

Manhattan, NY According to L&L Holding Co., anchor tenant Citadel Enterprises LLC, one of the world’s largest asset management firms, is expanding its tenancy at 425 Park Ave., a 47-story office tower under construction in the Plaza District. 

Outside the Region: Smith, Gambrell & Russell represents Big V Props. in three retail acquisitions

Charlotte, NC Smith, Gambrell & Russell, LLP (SGR) served as legal counsel to Big V Property Group in three of its recent shopping cente...

Outside the Region: Juniper Capital Group negotiates $23.3 million acquisition

Bridgewater, NJ Juniper Capital Group has originated a $23.3 million loan for the acquisition of Woodmont Square, a 100-unit residential com...

Outside the Region: Procida Funding arranges $7 million debt refinancing

Wood-Ridge, NJ Procida Funding, LLC. provided a $7 million debt refinancing and rehabilitation loan, on behalf of The 100 Mile Fund, which P...

Outside the Region: Muss Development acquires 2.3 acres for $6.8 million

Thousand Oaks, CA Muss Development acquired a 2.33-acre property within an adjacent grocery anchored shopping center in  an upscale com...

Outside the Region: Largo arranges $23.3 million refinancing for industrial portfolio in Memphis

Memphis, TN Kevin Ross, Vice President of Originations at Largo Capital, arranged a $23.3 million loan to refinance the existing debt on a 1...

Mor and Rahmani of Capital Property Partners works with Abramov of AssetCRG in $9.65 million sale

Queens, NY A private real estate investor has acquired an 18,000 s/f full block retail strip for $9.65 million in an all-cash off-market deal.  Nir Mor and Daniel Rahmani, of Capital Property Partners acted for the purchaser, while Michelle Abramov of AssetCRG represented the seller, RJ Capital Holdings.

Top 2018 legal developments affecting New York's real estate industry - by Thomas Kearns

Among the numerous legal developments of 2018 the standouts include the introduction of a new tax strategy for real estate investment and development, and a $6.75 million verdict against a property owner for destroying street art, noted below with a few others of interest: 

Mann of Friedman-Roth acts for buyer and seller in $19.75 million sale

Manhattan, NY Friedman-Roth Realty Services has arranged the first sale in almost 20 years, the disposition of 112 West 138th St. (aka The Invincible Court).  Located in Central Harlem between Lenox Ave. and Adam Clayton Powell Blvd., this six story elevator building consists of 54 large apartments. The 39,000 s/f building sold for $19.25 million, a 3% cap rate and 19 times rent-roll.