Brooklyn, NY Ariel Property Advisors (Ariel) arranged the sale of a 411,892 s/f, eight-building, 387-unit affordable housing portfolio situated in the Prospect Park South neighborhood of the city for $79.85 million, or $193 per s/f. The eight properties in the Prospect Park South portfolio are located at 816 Ocean Ave., 682 Ocean Ave.
Queens, NY IPRG brokered the sale of 147-28/46 Jamaica Ave. and 147-23/27 Archer Ave. for $25.5 million. Building plans are approved with a footing in the ground for a 306,454 s/f retail and residential apartment building. A 359-unit residential project is planned for the site, which is linked to a 35-year 421-A tax incentive.
Manhattan, NY According to Cushman & Wakefield, Zoller Equity Partners LLC signed a seven-year, 8,841 s/f lease at 600 Lexington Ave. in Midtown’s Plaza District.
Manhattan, NY Tishman Speyer said that Chimera Investment Corp. has signed a 15-year lease for 22,000 s/f on the 32nd floor and portions of the 33rd and 34th floors of 1 Rockefeller Plaza. Chimera was previously in 15,000 s/f at Rockefeller Center’s 630 Fifth Ave.
Brooklyn, NY Avison Young arranged the $13.5 million sale of a four-lot development assemblage at 873–879 Grand St. in East Williamsburg, achieving $450 per buildable s/f.
Manhattan, NY Rudin said that BrightTower will relocate its headquarters to 41 Madison Ave., Rudin’s office tower located on Madison Square Park, in Midtown
Manhattan, NY The Feil Organization signed a 42,000 s/f, 12-year expansion lease with MiQ Digital USA, an AI-powered advertising platform at 261 Fifth Ave. A
Manhattan, NY Platinum Commercial, the commercial arm of Platinum Properties, negotiated a 35,454 s/f office lease for VCT Holdings at 199 Water St., also known as