Brooklyn, NY Shawmut Design and Construction, a leading $1.3 billion national construction management firm, has completed Brooklyn Public Library’s (BPL) newest branch at Sunset Park Library and Apartments. The historic project, the first of its kind in New York City, establishes
Bronx, NY KZA Realty closed on a real estate transaction at 1420 Burke Ave. Kathy Zamechansky, president of KZA Realty Group represented the owner, Christine DeGennarro of Burke Avenue LLC and also represented
Beacon, NY KeyBank Community Development Lending and Investment (CDLI) provided $17.1 million in Low Income Housing Tax Credit (LIHTC) equity and a $24.1 million permanent loan through the Fannie Mae forward MBS Tax-Exempt Bond (MTEB) program for the acquisition and rehabilitation
Bronx, NY Ariel Property Advisors (Ariel) has brokered the $19.1 million sale of an affordable multi-family and commercial property at 950 Westchester Ave. in the Longwood neighborhood.
Mount Vernon, NY Simone Development Companies has made public that ReadySpaces, a warehouse storage provider for small businesses, has signed a long-term lease for the entire 110,300 s/f building at 250 East Sandford Blvd.
Brooklyn, NY JLL Capital Markets has arranged $72.5 million in construction financing for 544 Carroll St., a 17-story ground-up class A multi-housing development in the Gowanus neighborhood.
Manhattan, NY Williams Equities has completed a long-term, 66,000 s/f relocation and expansion with Ramp, the finance automation platform, at the ownership group’s 28 & 40 West 23
rd St. property in Midtown South.
Even though the slumps in retail and office values have been well-documented this decade, the most significant downfall in New York real estate is in rent stabilized multifamily. Maybe that’s because rent stabilized apartment owners have been reluctant to admit defeat,
Brooklyn, NY TerraCRG negotiated the sale of the 46 unit multifamily building at 180 Bainbridge St. located in the Bedford Stuyvesant neighborhood. Carlyle Group and Z+G Property Group purchased the property for $22.4375 million. Matt Cosentino and Ofer Cohen
Manhattan, NY Tarter Krinsky & Drogin expanded its real estate and commercial leasing capabilities with the addition of partner Edward Goodman in its real estate practice. Goodman has skill and experience in the negotiation of commercial office leases.
