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Turnbridge Equities acquires 10.2 acres in Bronx for $56.2 million; Feinberg Brothers reps. Turnbridge; financing by HFF

Bronx, NY Turnbridge Equities continues their expansion of their Last Mile Industrial portfolio in the New York City metro industrial market after acquiring a 10.2 acre land site located at 980 East 149th St. for $56.2 million.  The property, which is entitled for nearly 900,000 s/f of industrial warehouse use, is fully leased to Til-Con, a concrete recycling company.  

Outside the Region: Sabharwal, Corcoran and Grunberg of Marcus & Millichap sell gas station

Jersey City, NJ Marcus & Millichap has completed the sale of BP Gasoline located at 1505 John Fitzgerald Kennedy Blvd. for $3.653 millio...

Denham Wolf Real Estate negotiates $8 million sale of 5,300 s/f office condo for Howard Gilman Foundation

Manhattan, NY According to the Howard Gilman Foundation and Denham Wolf Real Estate Services, the Foundation has purchased a commercial office condominium overlooking Bryant Park for $8 million. In late 2019, the Foundation will relocate to this 5,300 s/f office in Harbor Group International’s 24 West 40th St. building. 

Outside the Region: Construction begins on Y2 project: Exterior, public spaces by Pickard Chilton

Tokyo, Japan Pickard Chilton took part in the ceremonies marking the commencement of construction on their design of the exterior and primar...

Westchester IDA celebrates supported projects for 2018: Totals $881.4 million in private investments

White Plains, NY The Westchester County Industrial Development Agency (IDA) celebrated projects it supported in 2018 that will result in $881.4 million in private investment in the county’s economy.

Bestreich Realty Group acts for buyer in $3 million sale of 4,700 s/f

Brooklyn, NY Bestreich Realty Group (BRG) has closed on the sale of 132 6th Ave. in the Park Slope neighborhood for $3 million ($638 per s/f). This property is built 20 ft x 47 ft offering 4,700 s/f.  The sellers of this property are Wiener and Evelyne Longchamp and the buyer is Scott Kupferman. Adam Lobel, Toby Waring, Justin Zeitchik, Gabriel Kates and Derek Bestreich of BRG represented the purchasing entity.

MatriArch Development moves forward with $20 million mixed-use development in Pelham

Pelham, NY As a result of land use approvals secured by McCullough, Goldberger & Staudt, LLP, the Village of Pelham has given the go ahead for a mixed-use development near the Pelham Metro-North Station.

Holliday Fenoglio Fowler arranges two loans totaling $102.25 million

Elmsford, NY Holliday Fenoglio Fowler, L.P. (HFF) has handled the following transactions: HFF completed the $70.250 million sale of Elmsford Distribution Center, a six-property industrial park and truck terminal totaling

MBD Community Housing honored by NY Housing Conference 2018 Non-Profit of the Year Award

Bronx, NY MBD Community Housing Corp., a leading community organization devoted to increasing affordable housing opportunities and improving the quality of life in the borough, has received the New York Housing Conference 2018 Non-Profit of the Year Award.

Cahill of JLL secures 10,000 s/f for Quentis Therapeutics at the Mink Building in West Harlem

Manhattan, NY JLL completed a new transaction for Quentis Therapeutics at 1361 Amsterdam Ave., also known as the Mink Building, in the West Harlem neighborhood with Janus Property Co. The cancer immunotherapy startup firm signed a lease for 10,000 s/f of laboratory and office space.