Category: Brokerage
Outside the Region: CetraRuddy completes adaptive reuse of NJ Bell building with L+M Development, Pr...
June 18, 2019
Newark, NJ CetraRuddy is completing its third adaptation of a landmark by architect Ralph Walker, known for Art Deco buildings built mainly around New York City in the 1920s and 1930s. The latest project–an adaptive reuse of the
Outside the Region: VHT Studios promotes Collura to COO
June 18, 2019
Rosemont, IL According to VHT Studios, Vince Collura has been promoted to COO. Collura joined VHT Studios in 2016 as vice president of product, talent & innovation as part of the company’s acquisition of Gotham Photo Co.
JLL completes sale of 157-159 Lexington Ave. – $11.5 million
June 18, 2019
Manhattan, NY JLL Capital Markets has sold 157-159 Lexington Ave. in the Kips Bay neighborhood, on behalf of Tsoumpas 157 Group LLC. Private investor Shaun Ajodan acquired the
Outside the Region: New Providence Gardens sells for $58.5 million; arranged by Gebroe-Hammer
June 18, 2019
New Providence, NJ New Providence Gardens, a 232-unit garden-apartment community, has been sold for $58.5 million in a trade arranged by Gebroe-Hammer Associates
George Comfort & Sons signs Tetra Tech to 60,000 s/f; Aronson, Liss, Mansfield and Huang of CBRE rep...
June 18, 2019
Manhattan, NY George Comfort & Sons, Inc. signed a new 60,000 s/f lease with Tetra Tech, Inc., a leading provider of consulting and engineering services, at 498 Seventh Ave., its
Outside the Region: Duff of Arbor Realty Trust originates $10.6 million acquisition loan
June 18, 2019
Forest Park, GA Arbor Realty Trust, Inc. funded a $10.6 million acquisition loan. Arbor provided the loan for Wingate Apartments, a 211-unit complex. Financing for this acquisition includes a two-year, floating rate senior loan and a
Doshi and Mehra of Meridian Investment act for buyer, seller in $16.8m deal; Acquisition financing p...
June 18, 2019
Manhattan, NY Meridian Investment Sales closed on the sale of 1588-1600 Amsterdam Ave., a 100 ft. wide corner walk-up with 44 apartments and nine retail stores. The property sold for
Outside the Region: Hunt Real Estate Capital refinances student housing community
June 18, 2019
Winston-Salem, NC Hunt Real Estate Capital provided a $18.8 million Fannie Mae conventional loan to refinance a student housing property. The loan features a 10-year term with an initial three years of interest-only followed by seven years of amortization
Outside the Region: CIT provides financing for Southern Calif. apartment complex: $48.2 million
June 18, 2019
Colton, CA According to CIT Group Inc., its Real Estate Finance division provided $48.2 million in senior secured financing for the acquisition and redevelopment of The District at Grand Terrace,
Outside the Region: NAP names Fetah senior vice president/director for Riverton Master Planned Proje...
June 18, 2019
Sayreville, NJ According to North American Properties, (NAP) Mark Fetah has joined the firm as senior vice president/director, for the Riverton Master Planned Projects, a $2.5 billion, 5 million s/f mixed-use development
Outside the Region: Cronheim Mortgage secures $12.125 million bridge loan for retail/self-storage fa...
June 18, 2019
Detroit, MI Cronheim Mortgage secured a bridge loan for a self-storage facility in Michigan which is to be fully renovated. The subject is a shopping center with a vacant Kroger grocery store and a
Brookhaven IDA awarded certificate of excellence for web design by NYSEDC
June 18, 2019
Farmingville, NY According to Frederick Braun III, chairman of the Town of Brookhaven Industrial Development Agency (IDA), the IDA was awarded a “Certificate of Excellence” for
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