Queens, NY BHI has provided a $29.25 million loan to ZDJ Jamaica LLC. Funds from this loan will finance the construction of 138-45 Jamaica Ave. Upon completion, 138-45 Jamaica Ave. will be a seven-story ground-up mixed-use development
Manhattan, NY JLL said that Arcade Songs, the independent music publisher headed by multi-platinum, Grammy Award nominated songwriter and producer, Gregg Wattenberg, will relocate to the newly-developed 60 Charlton St. office building in the city’s Hudson Sq. neighborhood.
Brooklyn, NY National Equity Fund (NEF) has provided a $12.5 million loan to refinance a five-building portfolio through the NEF Workforce Housing Innovation Fund. The financing comes in partnership with Iris Holdings Group, a national affordable housing developer and operator
Brooklyn, NY Ariel Property Advisors (Ariel) negotiated the sale of a corner development site within an opportunity zone at 2251 Nostrand Ave. to CAVU Property Group for $12.8 million, or $170.66 per s/f. The property, previously owned by The Jackson Group, offers 75,000 buildable s/f
Manhattan, NY GFP Real Estate, LLC said that luxury fashion house AMSALE has signed a 10-year lease extension for its existing 12,500 s/f of space — the entire 12
th floor — at 318 West 39
th St. in the Garment District.
Purchase, NY The commercial division of Houlihan Lawrence brokered the sale of a seven-acre working horse farm at 120 Cottage Ave. for $5.6 million. Teresa Marziano, who specializes in investment advisory and owner representation, represented the purchaser.
Manhattan, NY Rudin has finalized a five-year lease extension with West Publishing Corp. at 3 Times Sq., a 30-story tower in the final stages of redevelopment. A unit of Thomson Reuters, West Publishing Corp. produces an array of products geared to the legal,
Brooklyn, NY AmTrust RE completed a 5,110 s/f lease transaction at 203 Jay St., a 72,000 s/f mixed-use property. The tenant, Patis Bakery, will unveil two dining concepts in the fall of 2023: a full-service sit-down restaurant and a cafe/upscale bakery.
Brooklyn, NY The Davis Companies (Davis) has become a JV equity investment partner in a mixed-use luxury development located at 55 Willoughby St. The borrower, a joint venture of Lonicera Partners and Rabina, is represented by JLL who has also secured a floating rate loan
Manhattan, NY The Feil Organization said that Henry Korzec will join the firm as associate director of commercial leasing. He will amplify leasing efforts for the firm’s New York City office portfolio, which includes 17 properties and spans over five million
