Category: Brokerage
JLL arranges $26.85m acquisition financing for The Nathaniel
December 13, 2022
Manhattan, NY JLL Capital Markets has arranged $26.85 million of acquisition financing for The Nathaniel, a grocery-anchored, 85-unit apartment building located at 138 East 12th St. in the East Village neighborhood.
Silverstein leases 14,000 s/f to RPA at 120 Broadway
December 13, 2022
Manhattan, NY According to Silverstein Properties, Rockefeller Philanthropy Advisors (RPA) is relocating its New York headquarters from Midtown to 120 Broadway, the landmarked “Equitable Building” in Lower Manhattan.
Naftali Group and Access Industries close on $385m const. loan for 470 Kent Ave.
December 13, 2022
Brooklyn, NY Naftali Group is partnering with Access Industries for the transformation of the Williamsburg waterfront development at 470 Kent Ave.
EW Howell Const. completes 68,000 s/f St. Johnland facility
December 13, 2022
Kings Park, NY EW Howell Construction Group has completed the new St. Johnland Assisted Living at 393 Sunken Meadow Rd. The two-story, 68,000 s/f facility on Long Island’s North Shore offers 80 residential units and 100 beds.
Pourciau of KWNYC leases 16,000 s/f
December 13, 2022
New York, NY Bennett Pourciau of Keller Williams New York City (KWNYC) closed an off-market lease for the immersive entertainment musical production of The Great Gatsby.
Marketing trends in a period of uncertainty - by Kimberly Zar
December 13, 2022
America is holding on tight for a year of unpredictable change. Market uncertainty, global events and political shifts could influence the commercial real estate industry dramatically. During this time, it’s important to maintain a marketing strategy that helps your business not only stay afloat but also thrive in 2023.
Elmo Realty celebrates 30-year anniversary
December 13, 2022
Bronx, NY According to Moujan Vahdat, CEO of Elmo Realty Co., one of the largest landowners in the state, the company is celebrating their 30-year anniversary of their corporate mandate for alleviating the homeless crisis in the city.
Ferrara and Leonhardt of Brax Realty sell $10.37m dev. site
December 13, 2022
Long Island City, NY Michael Ferrara, managing principal of Brax Realty and Cole Kinney Leonhardt, investment sales associate of Brax Realty negotiated the closing of 23-17 41st Ave. for $10.37 million.
Slate Property and PCCP acquire 123 East 54th St. for $37.7 million
December 13, 2022
Manhattan, NY Slate Property Group and PCCP, LLC acquired 123 East 54th St., a mixed-use property located in Midtown East between Park and Lexington Aves., for $37.7 million.
Polsky joins GTL as CFO
December 13, 2022
White Plains, NY Gary Polsky has joined GTL Construction as their new chief financial officer (CFO). He will be responsible for the oversight of day-to-day accounting and financial operations as well as creating budgets and forecasts and other special projects.
Joseph Kelleher, 70, of Hutch Management passed away
December 13, 2022
Katonah, NY Joseph Kelleher passed away at the age of 70 at home surrounded by his wife and two children on Friday, November 25, 2022. The cause of death was Glioblastoma, an aggressive brain cancer. He was diagnosed in May 2022.
Cosentino and Norris of TerraCRG sell 7,600 s/f mixed-use - $4.4m
December 13, 2022
Brooklyn, NY TerraCRG has closed on the $4.4 million sale of 5102 5th Ave. in Sunset Park. TerraCRG partner Matt Cosentino and senior associate Rémi Norris exclusively represented the seller on the deal.
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