Brooklyn, NY TerraCRG brokered the $120 million sale of the almost ten-acre waterfront property at 410 Kingsland Ave. in the Greenpoint neighborhood. The sellers of the site, ExxonMobil, hired TerraCRG as the exclusive broker to run a formal marketing and sales
Orchard Park, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc., secured a $1.7 million permanent first mortgage to refinance the existing debt on a 50,000 s/f educational property. Phillips utilized his relationship with a federal credit union
Manhattan, NY The Capital Services Group for Ariel Property Advisors arranged two loans totaling $11.75 million for two properties. Ben Schlegel, a director in the capital services group at Ariel, and Paul McCormick, partner, sales management, represented separate borrowers in the two transactions
Syosset, NY Ron Kleinberg, president of Tri-State Properties, exclusively brokered the $2.1 million sale of the Syosset Professional building located at 40 Underhill Blvd. The 3-story commercial building totaled 13,000 s/f which included the lower level.
While the past few years have seen difficult tidings for the New York real estate market, 2024 ended on a strong note. In New York, optimism is high that 2025 will be a year of growth as mortgages mature and as we see rate cuts from the Federal Reserve. This optimism has held true for
Manhattan, NY Thornton Tomasetti senior principal Robert Smilowitz is the latest recipient of the American Society of Civil Engineers’ (ASCE) Ernest E. Howard Award. The award recognizes an ASCE member for their contributions in advancing the field of structural engineering.
Brooklyn, NY Raven Property Advisors negotiated the sale of a 26-building mixed-use portfolio located in Prospect Heights and Park Slope neighborhoods, adjacent to Barclays Center. The portfolio, comprising 115,000 s/f, includes 28 retail stores and 84 residential units.
Uniondale, NY Andrea Tsoukalas Curto, a land use & zoning partner at Forchelli Deegan Terrana LLP, was appointed an affiliate board member of the Commercial Industrial Brokers Society of Long Island (CIBS) and co-chair of the CIBS W Committee.
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Manhattan, NY ASG Equities, the real estate family office of the Gindi family, have made two advancements in its reimagination of the Lower Manhattan retail block once fully occupied by Century 21, the institution that the Gindi family founded and continues
Manhattan, NY SL Green Realty Corp. closed on the sale of an 11% interest in One Vanderbilt Ave. to Mori Building Co., Ltd., Japan’s leading urban landscape developer. The investment was completed at a gross valuation of $4.7 billion for the property
Manhattan, NY Arielle Frost has joined international law firm Withers as a commercial real estate partner. Frost joins the firm from Rosenberg & Estis, where she was a partner and led the firm’s real estate joint ventures team.