• Northeast Self Storage

    Self-Storage Portfolio in the NYC and Boston MSAs Sold

    March 24, 2020 – JLL Capital Markets announced today that it has closed the sale of a portfolio of three Class A self-storage properties totaling 3,596 units in the greater New York City and Boston areas. JLL marketed the portfolio on behalf the sellers, which are affiliates of Banner...
  • MRK

    Jersey City Rental Tower “MRK” Launches Leasing

    March 24, 2020— Leasing has launched at MRK, a 16-story luxury rental tower in the heart of Jersey City’s Journal Square. Queens-based brokerage Modern Spaces is exclusively handling marketing and leasing for the 132 studio- to three-bedrooms, with monthly rent starting at $1,800. MRK features a co-working space offered...
  • Bela

    Newly Developed Luxury Apartment Community Trades for $53M

    March 18, 2020 – JLL Capital Markets announced today that it has completed the $53 million sale of BELA, a newly developed, 104-unit, luxury apartment community located within a qualified opportunity zone in Jersey City’s rapidly expanding Bergen-Lafayette neighborhood. JLL marketed the property on behalf of the seller, a...
  • 530 Broadway

    Deutsche Finance America Announces $3 Billion of Closed U.S. Investments

    March 11, 2020— Deutsche Finance America (“DFA”) is pleased to announce surpassing $3 billion of closed investments in the U.S., following the $400 million off-market acquisition of 530 Broadway in Manhattan’s vibrant SoHo neighborhood. The historic 198,000 SF office and retail property, built in 1900, was acquired on behalf of...
  • Castle Port Chester

    JLL secures financing for The Castle in Port Chester, New York

    February 24, 2020 — JLL Capital Markets announced today that it has arranged financing for the acquisition of The Castle, a 120-unit luxury rental community located at 201 Willett Avenue in downtown Port Chester, N.Y. The group worked on behalf of Anthos Properties to place the $28 million loan...
  • 68 County Line Road

    Cushman & Wakefield Announces Industrial Sale or Lease Opportunity in Somerset County

    February 20, 2020 – A 90,000-square-foot Somerset County industrial asset at 68 County Line Road has come available for sale or lease, announced Cushman & Wakefield. Located on nearly 7.5 acres, the property features approximately 5,500 square feet of office build-out, 18- and 30-foot clear ceilings, four loading docks...
  • The Ashton

    JLL arranges $20.5M loan for Jersey City apartments

    February 18, 2020 – JLL Capital Markets announced today that it has arranged $20.5 million in financing for the acquisition of The Ashton, a newly completed, 93-unit, Class A apartment project in Jersey City, New Jersey. JLL worked to secure the two-year, floating-rate loan through Rialto Capital Management on...
  • Krispy Kreme

    Cushman & Wakefield’s New Jersey Retail Team Inks 13 Restaurant Transactions in 2019

    February 13, 2020 – Reflecting the continued strength of the dining sector, Cushman & Wakefield’s New Jersey retail team reported robust leasing activity involving restaurant tenants in New York and New Jersey in 2019. Spearheaded by David Townes and Alana Friedman in the firm’s East Rutherford office, along with...
  • 850 Third Ave

    Madison Capital and Meadow Partners Recapitalize 850 Third Avenue in Sunset Park, Brooklyn with $300 Million Investment

    January 29, 2020 – Madison Capital and Meadow Partners are pleased to announce the recapitalization of 850 Third Avenue, known as Liberty View Industrial Plaza, a 1.3 million-square-foot, mixed-use facility in the rapidly redeveloping Sunset Park neighborhood of Brooklyn, New York. Madison Capital is assuming management of the property, which has been valued overall...
  • 433 W. 53rd Street

    Berkadia Secures $32M in Stretched Senior Financing for New Residential Development in Midtown Manhattan

    January 20, 2020— Berkadia today announced that it secured stretched senior financing (a senior loan with a mezzanine loan component) for Emmut Properties’ new 60-unit residential development at 433 West 53rd Street in New York, NY. Berkadia’s Joint Venture Equity and Structured Capital Group in New York, led by...
  • The Future of Retail is Omni-Channel

    January 13, 2020— Retail is not dead… It’s just evolving. If you don’t evolve you die as the saying goes. So what is Omni-Channel retail and why have companies started to focus on this strategy? Omnichannel is a cross-channel content strategy that organizations use to improve their user experience....
  • Long Island City’s Condo Boom Continues, with the Launch of Eleven28

    January 13, 2020— Sales have officially launched for Eleven28, a new, 6-story luxury condominium, adding 9 chic one- to three-bedroom homes to Queen’s evergrowing Long Island City neighborhood. Queens-based brokerage Modern Spaces is exclusively handling marketing and sales for the building, where units range from $640,000 to $1.365M. Eleven28...
  • Luxury Manhattan Penthouse at 277 Fifth Avenue Features Expansive Loggia

    January 10, 2020— 277 Fifth Avenue, the tallest building on Manhattan’s iconic Fifth Avenue, just launched its first penthouse. Listed for $24 million, Penthouse 54 is an expansive 4,520-square-foot space, designed by interior architect Jeffrey Beers of Jeffrey Beers International. The 4-bed, 4.5-bath residence boasts nearly 14-foot, gallery-style ceilings...
  • 45-18 Court Square

    Long Island City life science project receives $156M in financing

    January 9, 2020 – JLL Capital Markets announced today that it has arranged $156 million in construction financing for the adaptive re-use of 45-18 Court Square into a Class A, state-of-the-art life science building in the Long Island City neighborhood of Queens, New York. JLL worked on behalf of...
  • Umbrella Factory Brooklyn

    JLL Arranges $63.6M Refinancing for The Umbrella Factory in Brooklyn

    January 7, 2020 – JLL Capital Markets arranged a $63.6 million loan to refinance The Umbrella Factory at 722 Metropolitan Avenue, a mixed-use condominium and retail development in the Williamsburg neighborhood of Brooklyn, New York. The group worked on behalf of Local Capital Group LLC and SL Development LLC...
  • Paramount Murals

    Paramount Assets Partners in ‘Four Corners Public Arts’ Initiative

    January 6, 2020 – Four Corners Public Arts’ partners, supporters, artists and Newark residents recently celebrated the conclusion of the initiatives’ first phase – a series of 14 murals that have transformed facades and surfaces on Treat Place and Beaver Street in the City’s Downtown District. The multi-phase project...
  • Jefferson at Farmingdale

    Cushman & Wakefield Brokers Sale of Farmingdale, N.Y., Multifamily Asset

    December  17, 2019 – A newly-constructed, luxury mid-rise apartment community has sold in Nassau County, announced commercial real estate services firm Cushman & Wakefield. A team of capital markets specialists based in New York and New Jersey brokered the trade of The Jefferson at Farmingdale Plaza – representing the...
  • KBS

    KBS Deepens Focus on Technology; Achieves First-Ever WiredScore Property in Bloomington, MN Market

    December 17, 2019– KBS, one of the largest owners of premier commercial real estate in the nation, has announced that Northland Center, a two-building, 492,514 square-foot Class A office park, has become the first-ever property to achieve Wired Certification in the Bloomington, Minnesota market. The asset was awarded Wired...
  • 80th Street Residence

    JLL secures $47.5M loan for 80th Street Residence on the Upper East Side

    December 11, 2019 — JLL Capital Markets experts have successfully arranged a $47.5 million loan to refinance The 80th Street Residence, an assisted living facility specializing in enhanced memory care that is located at 430 East 80th Street. The group worked on behalf of owners Wayne Kaplan and Larry...
  • 31-08 Northern Boulevard

    Columbia Pacific Advisors Arranges $28M to Refi LIC Self-Storage Development

    December 6, 2019— Columbia Pacific Advisors Bridge Lending, a platform within Columbia Pacific Advisors, has provided a $28 million loan to refinance a self-storage development in Long Island City, company executives announced. Located at 31-08 Northern Boulevard, the 51,426-square-foot site will be redeveloped by Criterion Group into a self-storage...
  • 2715 Astoria Blvd

    Leasing Launches for New Astoria Rental Tower

    December 6, 2019— A new rental tower, 27-15 Astoria Boulevard, has officially launched leasing, adding 20 elegant one- and two-bedroom homes to Queen’s hip Astoria neighborhood. Queens-based brokerage Modern Spaces is exclusively handling marketing and leasing for the building, where units range from $2,650 to $3,750/month. Astoria’s rental market...
  • 400 Huyler Street

    Cushman & Wakefield Arranges 125,500-SF Lease for Goodwill NYNJ

    December 3, 2019 – Household-name nonprofit Goodwill® Industries of Greater NY and Northern NJ, Inc. (Goodwill NYNJ) has signed a 125,500-square-foot, full-building lease commitment in South Hackensack, announced Cushman & Wakefield. The commercial real estate services firm represented Goodwill NYNJ in its site search and negotiation for Forsgate Industrial...
  • Peaks of Nanuet

    JLL arranges financing for The Peaks of Nanuet

    November 25, 2019 – JLL announced today that it has arranged acquisition financing for The Peaks of Nanuet, a 504-unit apartment complex in the suburb of Nanuet, Rockland County, New York. JLL worked exclusively on behalf of Mill Creek Residential Trust LLC and an institutional equity partner to arrange...
  • Taurus Investment

    Taurus Sells Logistics Portfolio for $614,000,000, Exits US Logistics Fund I

    November 22, 2019 – Taurus Investment Holdings, LLC (“Taurus”) announced today the sale of an 8.2 million square foot logistics portfolio located in the Chicago, Dallas, Atlanta and Memphis markets to Investcorp, a leading global provider and manager of alternative investment products. The portfolio consists of 117 buildings with...
  • Peaks Nanuet

    JLL Closes Sale of The Peaks of Nanuet

    November 20, 2019– JLL announced today that it has closed the sale of The Peaks of Nanuet, a 504-unit apartment complex in the suburb of Nanuet, Rockland County, New York. JLL marketed the property exclusively on behalf of the seller, a joint venture between Harbor Group International, LLC and...
  • 800 Broad

    Paramount Assets Arranges 20,000 SF Lease with Non-Profit Project for Empty Space at 800 Broad Street, Newark

    November 15, 2019 – Not-for-profit organization Project for Empty Space has inked a deal for 20,000 square feet at Paramount Assets’ 800 Broad Street in Newark. The real estate investment firm’s Executive Director of Leasing and Marketing Samir Guzman arranged the long-term lease; Marta Villa of JLL represented the...
  • Syracuse Workforce

    Cushman & Wakefield, Pyramid Brokerage Bring Four-Building Syracuse Apartment Offering to Market

    November 15, 2019 – An 830-unit Syracuse multifamily portfolio has come online for sale, announced Cushman & Wakefield. The commercial real estate services firm, with local affiliate Pyramid Brokerage, is marketing the four-property offering. Boasting an average occupancy of 97%, the portfolio includes a mix of high-rise, mid-rise and...
  • 2 Bank Street

    Lee & Associates NYC Secures Lease with Quality Branded at 2 Bank Street

    November 6, 2019 –Brad Schwarz, Executive Managing Director/Principal, and James Ficelman, Associate, of Lee & Associates NYC have negotiated a ground-floor and lower-level, 5,600-square-foot lease at 2 Bank Street, between West 4th Street and Greenwich Avenue, for Quality Branded. The well-known restaurant group is the mastermind behind such New...
  • Vernon Hills Shopping Center

    Ashkenazy Acquires Vernon Hills Shopping Center

    November 4, 2019 – Ashkenazy Acquisition Corp. has added Vernon Hills Shopping Center in Eastchester to its diversified portfolio in an acquisition orchestrated by Cushman & Wakefield. The New York City-based, private real estate investment firm purchased the five-building Westchester County asset at a cost exceeding $125 million from...
  • 5 Court Square

    Lee & Associates NYC Secures Space for Citibank at Prime Court Square Location in Long Island City

    November 1, 2019 – Brad Schwarz, Executive Managing Director/Principal, and Brendan Reichenbacher, Associate, of Lee & Associates NYC have negotiated a ground-floor, 4,300-square-foot lease at 5 Court Square, between Jackson and Thomson Avenues, for Citibank. As a global bank, Citibank aims to responsibly provide financial services that enable growth...
  • 242 West 38th Street

    Lee & Associates NYC Negotiates Lease for Koios Medical at 242 West 38th Street

    October 31, 2019 – Dennis Someck and and Justin Myers, Executive Managing Directors/Principals, of Lee & Associates NYC, have arranged a three-year, 2,817-square-foot lease on the entire fourteenth floor at 242 West 38th Street, between Seventh and Eighth Avenues, for Koios Medical. Boasting a tagline of “Software with vision,”...
  • Sky Motorcourt

    NYC Brokerage Elegran Debuts Tech-Focused New Development Division

    October 29, 2019 —– Elegran, an independently-owned, technology-driven residential real estate brokerage, is pleased to formally announce the launch of its newest division: Elegran New Development. The New York City-based company’s new division focuses on connecting renters and buyers with new buildings that fit their individual needs through the...
  • Rockefeller Group

    Rockefeller Group Celebrates Opening of Piscataway Logistics Center

    October 28, 2019— Local government officials, tenants and neighbors joined Rockefeller Group executives and staff in celebrating the official opening of Rockefeller Group Logistics Center in Piscataway. Located at 100 Ridge Road, the state-of-the-art, master-planned industrial park was developed to meet sustained demand from both industrial users and investors...
  • 777 Eighth Avenue

    HKS Real Estate Advisors and Lee & Associates NYC Close a 99-Year Leasehold at 777 Eighth Avenue to TSGL Eighth Avenue LLC

    October 28, 2019 –Peter Carillo, Principal/Senior Managing Director of HKS Real Estate Advisors and Ben Tapper, Senior Managing Director of Lee & Associates NYC, have negotiated a 99-year leasehold at 777 Eighth Avenue, between West 47th and West 48th Streets. Carillo and Tapper represented the property owner, 777 Eighth...
  • Prologis

    Prologis to Acquire Liberty Property Trust for $12.6B

    October 27, 2019— Prologis, Inc. (NYSE: PLD) and Liberty Property Trust (NYSE: LPT) today announced that the two companies have entered into a definitive merger agreement by which Prologis will acquire Liberty in an all-stock transaction, valued at approximately $12.6 billion, including the assumption of debt. The board of directors...
  • 207 West 79th Street

    Lee & Associates NYC Scores Space for My Gym on the Upper West Side

    October 22, 2019 – Gregory Tannor, Executive Managing Director/Principal, and Michael Watson, Associate Director, of Lee & Associates NYC have negotiated a ground-floor, 3,262-square-foot lease at 207 West 79th Street, between Broadway and Amsterdam Avenue, for My Gym. The children’s fitness brand offers early physical education and pre-gymnastics classes...
  • 515 Middle Turnpike

    Lee & Associates NYC Closes $11.3 Million Sale of 28,925-Square-Foot Medical Office Building in Manchester, Connecticut

    October 21, 2019 – Dennis Someck, Executive Managing Director/Principal, Justin Myers, Executive Managing Director/Principal, and Ben Tapper, Senior Managing Director, of Lee & Associates NYC, have arranged the sale of the 28,925-square-foot Medical Office property at 515 Middle Turnpike West in Manchester, CT. The Lee & Associates NYC team...
  • 4005 Crescent Street

    Rental Tower Adds 23 Units to NYC’s Dutch Kills Neighborhood

    October 21, 2019 – Crescent Iron House, a new luxury rental building located at 25-08 40th Avenue in Long Island City, Queens has launched leasing. The five-story development will add 23 elegant studio- to two-bedroom homes, as well as two ground-floor retail units to the lively Dutch Kills neighborhood....
  • Party City in Oceanside

    JLL closes sale of Long Island retail property

    October 14, 2019 – JLL announced today that it has closed the sale of a single-tenant retail building leased to Party City in Oceanside, New York. JLL marketed the property on behalf of the seller. Consolidated-Tomoka Land Co. purchased the asset. Party City, the leading provider of party goods...
  • 133 Beach 116th Street

    Lee & Associates NYC Scores Space for Orangetheory Fitness in Rockaway Beach

    October 10, 2019 – Jaime Schultz, Executive Managing Director, and Jeffrey Lopez, Associate Director, of Lee & Associates NYC have negotiated a ground-floor, 3,200-square-foot lease at 133 Beach 116th Street, between Rockaway Beach Boulevard and Ocean Promenade Belle Harbor, for Orangetheory Fitness. The brand boasts a combined cardiovascular and...
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