Category : Blog

Acuity Capital sells Williamsburg apartment building for $39.5M
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Acuity Capital sells Williamsburg apartment building for $39.5M

REW Staff
by REW Staff
Acuity Capital Partners has just sold 315 Seigel Street in East Williamsburg, Brooklyn for $39.5 million. The property, a three-story, 51-unit residential rental building, was once owned by Max Stark, a Brooklyn landlord who was murdered in early 2014. The sale is Acuity’s second large transaction in about a month. The company sold 335 West 34th Street, …
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Qatari fund buys $622M stake in Empire State Realty Trust

REW Staff
by REW Staff
An affiliate of Qatar’s sovereign wealth fund has purchased a 9.9 percent stake in Empire State Realty Trust for $622 million. “We welcome QIA as … Continued
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Activist investor Jonathan Litt exits Mack-Cali board

REW Staff
by REW Staff
Activist investor Jonathan Litt has resigned from the board of directors of New Jersey office landlord Mack-Cali Realty Corporation. “We thank Jonathan for his two … Continued
LEASES: United Footwear renews at Fashion Accessory Center; Seoul Broadcasting System takes Penn Plaza office
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LEASES: United Footwear renews at Fashion Accessory Center; Seoul Broadcasting System takes Penn Plaza office

REW
by REW950
THIS WEEK’S LEASES UNDER 10,000 S/F: NEW YORK Adams & Co. Real Estate, LLC,  completed a 4,574 s/f renewal deal for the shoe wholesaler, United Footwear Group at The Fashion Accessory Center at 10 West 33rd Street. The company will continue using its partial eighth-floor space as a showroom and office for an...
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TRANSACTIONS: The week of August 17, 2016

REW
by REW586
Meridian Capital announced the following transactions: • A new mortgage of $3,375,000 on a 162-unit multifamily property located on Clarks Pond Road in Bridgeton, NJ. The loan features a rate of 2.875% and a three-year term. This transaction was negotiated by Jim Bologno. • New mortgages totaling $28,300,000 on two...
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ASB leverages luxury Virginia asset for $105M loan

REW
by REW889
ASB Real Estate Investments has refinanced two properties it bought for $220 million in 2013. Prudential Mortgage Capital Co. provided the $105 million loan, with Cushman & Wakefield brokering the transaction. The senior financing is secured by Sedona Slate, a 2013-constructed, 474-unit, Class-A multifamily apartment property in Rosslyn, Virginia. The...
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Boxing newcomer opens second Manhattan gym

REW Staff
by REW Staff
ABS Partners Real Estate LLC secured a 5,150 s/f lease for the rapidly growing TITLE Boxing Club NYC at 900 Third Avenue. The fitness studio … Continued
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IN PICTURES: HFZ, Ligne Roset unveil 90 Lexington model

REW Staff
by REW Staff
HFZ Capital Group hosted a reception to celebrate the unveiling of its newest model residence inside 90 Lexington, the modern half of the pre and … Continued
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Diamond Properties creates giant solar system

REW Staff
by REW Staff
Diamond Properties has completed one of the largest rooftop solar photovoltaic systems in the state of New York at its property at 100 Brook Hill … Continued