Levine, Lipton, and Hindmarch of Invictus Property represented the buyer of 28 Herbert St.

Brooklyn, NY 28 Herbert St., a prime development site in Williamsburg, sold for $9.04 million. Andrew Levine, Josh Lipton and Jax Hindmarch of Invictus Property Advisors procured the buyer while Jacob Stavsky of Stav Equities represented the seller in this off-market transaction.

JLL’s hotels & hospitality group closes sale of Mr. C Seaport

Manhattan, NY JLL’s Hotels & Hospitality Group announced today that it has closed the sale of Mr. C Seaport, a 66-key boutique luxury hotel in the Seaport District. JLL represented the seller, Atlantic Pearl Investments, Inc.

The Arker Companies and Slate Property Group sign lease 27,676 s/f to ShopFair Supermarkets at Edgemere Commons

Queens, NY According to The Arker Companies and Slate Property Group, ShopFair Supermarkets signed a 25-year, 27,676 s/f lease agreement at Edgemere Commons, a mixed-use development located in Edgemere.

Newmark arranges $535.8 million acquisition and redevelopment financing of 25 Water St.

Manhattan, NY Newmark has arranged a $535.8 million loan on behalf of GFP Real Estate (GFP), Metro Loft Management and Rockwood Capital for the acquisition and redevelopment of 25 Water St.

Lendlease closes $360 million construction loan for 1 Java St. - the 36-story, 834-apartment multifamily development is in the Greenpoint waterfront

Brooklyn, NY Lendlease and joint venture partner Aware Super closed a $360 million construction loan for the development of 1 Java St. The 36-story, 834-apartment multifamily development will rise along the Greenpoint waterfront.

JLL Capital Markets sells 298 Mulberry St. for $115 million to Empire State Realty Trust

Manhattan, NY JLL Capital Markets negotiated the $114.9 million sale of 298 Mulberry St., a 96-unit, market-rate, mixed-use rental apartment property on the corner of East Houston and Mulberry Sts. in the Noho neighborhood.

Fry of Elegran Real Estate closes two unit sales at 111 West 57th St. for $34 million to Chinese buyer

New York, NY Chris Fry, a licensed associate real estate broker with Elegran Real Estate, has closed on two residences at 111 West 57^th St. totaling $34 million. The residences were both sponsor units and purchased by the same individual.

Featured Columnist: NYC CRE 2023 ramp up - by Jakub Nowak

As the curtain closes on another year, it’s time to take a look at what the crystal ball holds for New York City’s commercial real estate market in 2023.

Robert Martin Company completes 586,000 s/f new leases/renewals

Elmsford, NY Robert Martin Company (RMC) negotiated 586,000 s/f of new leases, renewals, and expansions at its properties in Westchester for 2022.

Philipps of Katz & Associates leases 7,400 s/f

Manhattan, NY Katz & Associates’ Sean Philipps represented Housing Works Cannabis Co. in a lease at 750 Broadway (at 8^th St.) for a recreational cannabis retail store.