Category: Brokerage
Lightstone Capital names Lyons head of origination for the Southeast and Central regions
July 25, 2023
Manhattan, NY Lightstone said that Brad Lyons has joined Lightstone Capital, a real estate debt platform that provides sponsors with flexible, creative and immediate financing solutions. Lyons will serve as head of origination for the Southeast & Central regions.
Marcus & Millichap sells 87,093 s/f
Pine Plaza for $8.14 million
July 11, 2023
Niagara Falls, NY Marcus & Millichap negotiated the sale of Pine Plaza, a 87,093 s/f neighborhood shopping center located at 8207 Niagara Falls Blvd. The asset sold for $8.14 million.
Cleeman Realty sells 77,000 s/f Grand Union for $12.2 million
July 11, 2023
Cortland, NY Cleeman Realty negotiated the recent sale of a prime net lease Grand Union supermarket located on NY-281. The property, spanning 77,000 s/f on 11.1 acres, was sold for a remarkable $12.2 million. Michael Cleeman and Sam Seelenfreund of Cleeman Realty Group represented
Mastromonaco of Atlantic Retail reps. Life Time in 53,000 s/f lease at Vornando’s PENN 1 building
July 11, 2023
Manhattan, NY Life Time is entering into a lease agreement with Vornado Realty Trust to occupy more than 53,000 s/f on the first three floors of the redeveloped 57-story PENN 1, located adjacent to Madison Square Garden.
Fordham Real Estate Institute honors
Gilmartin, Levine, and Fusco
July 11, 2023
Manhattan, NY Top industry professionals came together to celebrate three real estate colleagues who are changing New York City’s landscape and to support the real estate leaders of tomorrow at an event hosted by Fordham University’s Real Estate Institute (REI).
Doshi and Mehra of Meridian sell two elevator buildings for $9.1 million
July 11, 2023
Brooklyn, NY Meridian Capital Group’s Amit Doshi and Shallini Mehra closed on their exclusive listing located at 288 and 295 Maple St. The two six-story elevator buildings are located in the Prospect-Lefferts Gardens neighborhood, span 74,622 s/f, and are currently configured with
JLL arranges $354 million capitalization for 734,000 s/f industrial project
July 11, 2023
Queens, NY JLL Capital Markets arranged the $354 million total capitalization for 28-90 Review Ave., a 4.03-acre, industrial development totalling 734,000 s/f in Long Island City.
Sherman of Baseline Real Estate Advisors brokers $13.5 million sale of 30,000 s/f development site
July 11, 2023
Brooklyn, NY Michael Sherman, founder of Baseline Real Estate Advisors negotiated the sale of 203-209 N 11th St. for $13.5 million. The subject property is a 30,000 buildable s/f development site in Williamsburg. The property was a vacant warehouse on
Hempstead Industrial Development Agency approves economic benefit incentives for 138,245 s/f project...
July 11, 2023
Inwood, NY Fred Parola, CEO of the Town of Hempstead Industrial Development Agency (IDA) has approved a package of economic development incentives for a proposed warehouse that will boost revenues for taxing jurisdictions, especially the Lawrence School District.
JLL closes $80m land recapitalization and vertical equity capitalization for 499 President St. proje...
July 11, 2023
Brooklyn, NY JLL Capital Markets has closed an $80 million land recapitalization and arranged the equity capitalization for the development of a mixed-use community at 499 President St. The community will feature 350 apartments and 20,000 s/f of ground-floor retail.
Black Bear Capital Partners arranges
$58 million refinancing for 503-511 Broadway
July 11, 2023
Manhattan, NY Black Bear Capital Partners (BBCP), a subsidiary of Black Bear Asset Management (BBAM), has arranged $58 million in financing on behalf of HSR Corp. for the refinance of a class-A, office building with ground-floor retail.
Benefits of NYSCAR membership - by Ira Zucker
July 11, 2023
Advocacy at the state capitol
NYSCAR is passionate about the laws that affect all of us, on local, state and national levels. Our affiliations with NYSAR and NAR give us a voice in opposing legislation that would hurt our industry as well as in supporting positive legislation. This political “watch dog” function of our organization
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