Category: Brokerage
Finn and Rupprecht of CBRE Syracuse sell 5,300 s/f for $1.435 million
January 17, 2023
Lockport, NY CBRE Syracuse sold a 5,300 s/f bank branch and leased 2,400 s/f of office space in separate transactions. Michael Finn, CCIM and Mark Rupprecht, CCIM of CBRE Syracuse exclusively represented the owner in the sale of 5741 South
Stewart and Schell of Cushman & Wakefield/Pyramid Brokerage Company Buffalo sell 20,644 s/f Willams-...
January 17, 2023
Buffalo, NY Robert Stewart and Robert Schell, SIOR of Cushman & Wakefield/Pyramid Brokerage Company Buffalo brokered the sale of the Williams-Butler Mansion located at 672 Delaware Ave. to Douglas Development Corp.
The Largo Group of Cos. arranges $4.25 million to refinance retail complex
January 17, 2023
Fairport, NY Jack Phillips, principal at The Largo Group of Companies, arranged $4.25 million to refinance a retail complex. The subject property is situated in an affluent suburb. Largo was able to provide long-term, fixed-rate financing.
TAYLOR builds 300,000 s/f for C&M Forwarding at Union Street Industrial Park
January 17, 2023
North Chili, NY TAYLOR completed the new construction of phase II at C&M Forwarding’s Union St. Industrial Park location that was featured during a formal open house event for clients, vendors, and employees. TAYLOR partnered with Greater Living Architecture on the design and construction
JLL’s hotels & hospitality group closes sale of Mr. C Seaport
January 17, 2023
Manhattan, NY JLL’s Hotels & Hospitality Group announced today that it has closed the sale of Mr. C Seaport, a 66-key boutique luxury hotel in the Seaport District. JLL represented the seller, Atlantic Pearl Investments, Inc.
The Arker Companies and Slate Property Group sign lease 27,676 s/f to ShopFair Supermarkets at Edgem...
January 17, 2023
Queens, NY According to The Arker Companies and Slate Property Group, ShopFair Supermarkets signed a 25-year, 27,676 s/f lease agreement at Edgemere Commons, a mixed-use development located in Edgemere.
GreyHill Group acquires 401,000 s/f industrial building for $7.35 million at 2632 South Work St.
January 17, 2023
Falconer, NY GreyHill Group has acquired a 401,000 s/f industrial building at 2632 South Work St. for $7.35 million. Falconer is located in Chautauqua County in Western New York on the eastern edge of the city of Jamestown.
Newmark arranges $535.8 million acquisition and redevelopment financing of 25 Water St.
January 17, 2023
Manhattan, NY Newmark has arranged a $535.8 million loan on behalf of GFP Real Estate (GFP), Metro Loft Management and Rockwood Capital for the acquisition and redevelopment of 25 Water St.
Lendlease closes $360 million construction loan for 1 Java St. - the 36-story, 834-apartment multifa...
January 17, 2023
Brooklyn, NY Lendlease and joint venture partner Aware Super closed a $360 million construction loan for the development of 1 Java St. The 36-story, 834-apartment multifamily development will rise along the Greenpoint waterfront.
JLL Capital Markets sells 298 Mulberry St. for $115 million to Empire State Realty Trust
January 17, 2023
Manhattan, NY JLL Capital Markets negotiated the $114.9 million sale of 298 Mulberry St., a 96-unit, market-rate, mixed-use rental apartment property on the corner of East Houston and Mulberry Sts. in the Noho neighborhood.
Fry of Elegran Real Estate closes two unit sales at 111 West 57th St. for $34 million to Chinese buy...
January 17, 2023
New York, NY Chris Fry, a licensed associate real estate broker with Elegran Real Estate, has closed on two residences at 111 West 57th St. totaling $34 million. The residences were both sponsor units and purchased by the same individual.
Featured Columnist: NYC CRE 2023 ramp up - by Jakub Nowak
January 17, 2023
As the curtain closes on another year, it’s time to take a look at what the crystal ball holds for New York City’s commercial real estate market in 2023.
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