Ariel Property Advisors arranges sale of Bronx affordable housing portfolio for $107.5 million

Bronx, NY An affordable housing portfolio consisting of four multifamily projects with 477 units and an approximately 525,000 s/f development site located in the Morrisania, High Bridge, and Belmont neighborhoods has traded for $107.5 million.

Northmarq arranges $2.2 million

Manhattan, NY Robert Ranieri, senior vice president/managing director in Northmarq’s White Plains debt/equity office, arranged a $2.2 million line of credit for a previously combined condominium unit at 59 West 12^th St., a full-service building in the Greenwich Village neighborhood.

Panessa joins EW Howell Construction as controller

Plainview, NY Lori Panessa has joined EW Howell Construction Group as controller. She will oversee all aspects of the organization’s financial reporting, financial analysis, and financial stability. 

Hannigan and O’Connell of Choyce Peterson negotiate 39,649 s/f lease

Purchase, NY Choyce Peterson, Inc. finalized lease negotiations on behalf of Triton International an intermodal container leasing corporation, for a 39,649 s/f office at 100 Manhattanville Rd.

National Resources purchases Rising Ground’s 28-acre campus for $52.6 million

Yonkers, NY OPEN Impact Real Estate LLC (OPEN) brokered the sale of Rising Ground’s 28-acre Leake & Watts campus to National Resources, a real estate development company, for $52.6 million.

Edelkopf and Rosenfeld of Schuckman Realty facilitate sale of 911 Nostrand Ave.

Brooklyn, NY Schuckman Realty sold a multifamily walk-up building located at 911 Nostrand Ave. between Crown St. and Montgomery St. in Crown Heights.

Lebor and Manasia of TerraCRG arrange $4.25 million sale of 5,625 s/f development site

Brooklyn, NY TerraCRG has closed on the $4.25 million sale of 608 Ocean Ave., a shovel-ready residential development site in Prospect Park South.

Ezra, Schuster, and Paster of Newmark Retail lease 18,000 s/f in three new leases

Manhattan, NY Newmark Retail has secured three new leases on behalf of fashion retailer Express, Inc., totaling more than 18,000 s/f across 514 Broadway, 129 Fifth Ave. for two Express Edit stores and 107 Spring St. for the first UpWest store in the city.

ERG delivers $5 million loan

Brooklyn, NY ERG Commercial Real Estate through an affiliate, delivered a $5 million cash-out refinance loan to the owner of a fully leased commercial cash flowing property containing five tenants. 

GameChanger and Dick’s Sporting Goods lease 25,600 s/f at RAL’s Zero Irving development

Manhattan, NY According to RAL Development Services (RAL) Game-Changer and its parent company, DICK’S Sporting Goods, leased 25,600 s/f of office space at the building, taking the entire 17^th and 18^th floors at Zero Irving.