Manhattan, NY JLL Capital Markets brokered the sale of 175-177 East 3
rd St., two contiguous, five-story, walk-up buildings located between avenues A and B in the East Village neighborhood. The primarily free-market properties were sold for $10.8 million, or $802 per s/f.
Washington, DC Open Access, a 501 (c)3 organization offering paid fellowships to advance Black and Latinx leadership and representation in community development finance (CDF), has a rate of achievement in the three years since its launch: 85% of the graduates have been placed in positions
Yonkers, NY The Yonkers Industrial Development Agency (YIDA) has voted final and preliminary approvals of financial incentives for residential projects representing a total private investment of $22.4 million. The developments are projected to create 35 construction jobs
Brooklyn, NY GFI Realty Services negotiated the $4.7 million sale of 411 State St., a multifamily building located in the Boerum Hill section of the city. Zachary Fuchs, associate director of GFI Realty, represented the seller, Eric Orlofsky, and the buyer,
Bronx, NY Rockabill has secured $89 million on behalf of Catholic Homes New York, a division within Catholic Charities of the Archdiocese of New York, to finance the creation of 126 affordable homes, including 63 units with supportive services, in the Mott Haven section of the borough.
Manhattan, NY JLL’s Value and Risk & Advisory platform announced today that it has expanded its New York office team with the hiring of James Molloy as asenior director for institutional accounts. Molloy will work with senior managing director Steven Schleider to expand the platform’s institutional and financial services/lender coverage in Manhattan and the greater Tri-state region.
Manhattan, NY JEMB Realty said that the Joint Industry Board of the Electrical Industry (JIBEI) has signed a lease for 30,000 s/f at Herald Center (1293 Broadway at 34
th St.) to establish a new training and education center for the Electrical Industry Apprentice Training Program and
Haverstraw, NY The Boulder Group completed the sale of a single tenant net leased 7-Eleven property located at Gurnee Ave. and Rte. 9 West for $5 million. The 7-Eleven is located at the corner of a signalized intersection along U.S. Rte. 9 West
Manhattan, NY RXR brokered a 25-year lease extension with global law firm Davis Polk & Wardwell LLP (Davis Polk). As part of the renewal, Davis Polk will be expanding its footprint at 450 Lexington Ave. by an additional floor, adding 30,000 s/f. The firm’s new footprint at the building
Manhattan, NY 137 Second Ave., a 26,700 s/f office space located in the East Village, has been sold for $18.95 million. The space has 11,664 s/f above grade and 15,052 s/f including the basement.
