Front Section

Avison Young sells 17,000 s/f office building for $19.5 million to Ramirez & Co

Manhattan, NY Avison Young has arranged the sale of a 17,000 s/f office building at 14 East 52nd St. on behalf of Inmoprisa USA, Inc. for $19.5 million. The building’s former occupant, Pronovias, a wedding dress company, vacated

Simone acquires supermarket, plans logistics facility conversion

Bronx, NY Simone Development Companies has acquired a property at 1720 Eastchester Rd. in the Morris Park section of the borough from Madison International Realty for an undisclosed price. The new owners plan on repositioning the property

SCALE Lending finalizes $142 million loan for
construction of 521-unit apartment building

Queens, NY SCALE Lending, the debt financing arm of Slate Property Group, has finalized a $142 million floating-rate loan to aid the final stages of construction of a 24-story apartment building rising at 147-35 95th Ave. in Jamaica.

Doukas joins Adler & Stachenfeld as partner

Manhattan, NY Adler & Stachenfeld LLP (A&S), said that Ashley Doukas has joined the firm to chair its land use and zoning practice. “I’m over the moon to have Ashley

Pryor Cashman welcomes Hylton to its real estate group

Manhattan, NY Pryor Cashman said that Christian Hylton has joined the firm as a partner in the real estate group and land use + zoning practice. Hylton comes to Pryor Cashman from Phillips Nizer LLP, where he was a partner and co-chair

Carlos, Dzenis and Pednekar join JLL

Manhattan, NY David Carlos has joined JLL as vice chairman and head of nonprofit, education and government practice. He will be joined by colleagues, Andrew Dzenis, who will serve

Investment Property Realty Group negotiates multiple closings totaling $28.684 million

Brooklyn, NY Investment Property Realty Group (IPRG) negotiated nine real estate transactions in New York City. 550 Van Buren St., Brooklyn for $4.78 million. This property is located between Broadway and Patchen Ave. The building is built

West Side Community Fund names fall 2023 grant recipients

Manhattan, NY The West Side Community Fund (WSCF), a consortium of leading businesses and firms that come together to support neighborhood initiatives in the west side of the city, named the allocation of $100,000 to 21 grant recipients as part of its bi-annual grant

Mediapro Studios at Great Point Studios breaks ground

Yonkers, NY Mediapro North America held a groundbreaking of Mediapro Studios at Great Point Studios. The event took place on November 6, 2023 at 1500 North Bdwy. with mayor Mike Spano in attendance as well as key executives and stakeholders from Mediapro

Newmark advises BREIT on $2.2 billion sale of Simply

New York, NY Newmark Group, Inc. served as the co-lead advisor to Blackstone Real Estate Income Trust, Inc. (BREIT) on its sale of Simply Self Storage (Simply) to Public Storage for $2.2 billion. Newmark’s capital markets national