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Celifarco closes sale of 409 E 50th St. to Republic of Palau for $3.73 million

New York, NY Independent advisor Anthony Celifarco closed the sale of 409 E 50th St., a mixed-use building in Midtown East. The property will be converted into the new embassy for the Republic of Palau. Celifarco represented and worked with the seller, the president of Palau, and his team of ambassadors and attorneys.

Optimum A.M. launches sales at 222 E. Broadway

New York, NY Optimum Asset Management has opened sales at 222 E. Broadway, a new tower and renovated loft building designed by SLCE Architects, with an exterior facade designed by the architectural design studio S4 Architecture, and interiors by designer Paris Forino. Currently under construction with an anticipated early 2023 occupancy, 222 E. Broadway will bring 70 unique residences and a substantial collection of indoor and outdoor amenities to Manhattan’s Lower East Side.

GFP R.E. leases 13,703 s/f at 520 Eighth Avenue

New York, NY According to GFP Real Estate LLC, Breaking Ground, one of New York’s largest providers of street outreach and supportive housing for the homeless, has signed a one-year lease extension for 13,703 s/f on the 21st floor of 520 Eighth Ave. in the Garment District.

Ross joins Compass as vice president

New York, NY Adelaide Polsinelli, vice chairman of Compass said that Larry Ross has joined the local office as vice president of the commercial division. Ross, a seasoned veteran in the industry, is now celebrating his 37th year in the real estate investment sales’ arena.

Razavilar rejoins Weil as real estate partner

New York, NY International law firm Weil, Gotshal & Manges LLP said that Pejman Razavilar has rejoined the firm as a partner in its real estate practice. “It’s a pleasure to welcome Pej back to the firm,” said Weil executive partner Barry Wolf.

Colliers and L.H. Charney Assocs.broker 15 leases totaling 145,000 s/f leases at 1441 Broadway

New York, NY Colliers and L.H. Charney Associates have completed 15 leases totaling 145,000 s/f at 1410 Broadway and 10 Times Sq. (aka 1441 Broadway). Vice chairman Michael Joseph, executive managing director Rick Doolittle, director JP Howard, and director Taylor Bell of Colliers represented property owner L.H. Charney in each of the transactions.

ERG Commercial closes $2.4 million construction loan on 12,000 s/f

Queens, NY ERG Commercial Real Estate, through an affiliate, has funded a $2.4 million refinance construction loan on a five-story mixed-use building in Corona. The 12,000 s/f newly constructed building features 10 residential units and two commercial retail stores.

Tenant rep. veteran Goldman joins Cresa Global as principal

New York, NY Tenant representative veteran Michael Goldman has joined Cresa Global as a principal. During his career, Goldman has leased more than 20 million s/f of commercial office space to corporations, foreign banks, investment banks, financial services companies, law firms, technology companies, and media companies.

New Bronx Chamber of Commerce establishes Joseph Kelleher Award of Excellence at 2022 Annual Gala

New York, NY The New Bronx Chamber of Commerce held their 2022 Gala “Celebrating Our Members” at the Marina Del Rey in The Bronx, honoring founding members Joseph Kelleher of Simone Development, John Collazzi, former publisher and founder of the Bronx Times-Reporter who was instrumental in the re-establishment of the Chamber in 2001, and the New York Yankees, represented by Brian Smith, senior vice president, on behalf of founding vice president George Steinbrenner and the Steinbrenner family.

Mindspace leases 37,403 s/f at Rubenstein Partners 25 Kent Avenue

Brooklyn, NY Rubenstein Partners’ 25 Kent, mixed-use office and light manufacturing building, signed a 37,403 s/f, 10-year agreement with Mindspace, a Tel Aviv-based flex space provider, at 25 Kent Ave. in Williamsburg. This is the company’s second location in partnership with Rubenstein Partners, following Mindspace Wanamaker in Philadelphia.