Category : Blog

GFI Realty Services, LLC announced the $10.2-million sale of 1032-1038 Flatbush Avenue, an 18,000-square-footretail property located in the Flatbush section of Brooklyn. GFI Realty Managing Director Yosef Katz represented the buyer, a local investor, while Associate Director Yisroel Pershin represented the seller, Madd Equities. The recently constructed, three-story building is fully leased to two credit …

Related Companies and Oxford Properties Group announced yesterday (Tuesday) that 30 Hudson Yards, the tallest building in Manhattan’s newest neighborhood, has officially topped out. The final beam was placed on the steel crown Tuesday morning. The 1,296 ft. tall building is made up of more than 40,000 pieces of steel weighing 91,500 tons, 1.25 million …

● GEBROE-HAMMER ASSOCIATES Philly multifamily complex sells for $32 million In the Metro Philadelphia apartment submarket, where the vacancy rate remains below the Northeast average, Gebroe-Hammer Associates has arranged three multi-family sales, including the $32.1 million trade of Woodland Village, located at 401 E. Gibbsboro Rd., in Lindenwold, N.J. The brokerage team of Senior Vice …

Meridian Capital announced the following transactions: Meridian negotiated a new mortgage in the amount of $6,100,000 on a 106-unit multifamily property located on Montgomery Street in Brooklyn, NY. The loan features a rate of 3.99 percent and a five-year term. David Hayum negotiated this transaction. Two new mortgages of $3,400,000 were placed by Meridian on …

Gebroe-Hammer Associates has arranged the sale of 118 buildings in New Jersey, totaling more than $327 million. The package of multifamily buildings was comprised of 2,137 units and found throughout Jersey City, West New York, North Bergen, Guttenberg and Union City in New Jersey. The seller, reportedly Trendy Management, was represented by Gebroe-Hammer Associates’ senior …

Barry Lewen has joined Cresa as a principal of the New York office. Lewen has specialized in tenant representation assignments, commercial property leasing and strategic opportunity development for over 30 years. Among the many clients with whom Lewen has worked are General Electric Investments, New York University, Metropolitan Life Insurance,...

Emre Arolat, winner of the 2018 RIBA Award for International Excellence, presented examples of his work to a group of Royal Institute of Architects (RIBA) members who gathered for a luncheon at the recently opened SoHo studio of EAA – Emre Arolat Architecture. The Turkish architect presented three of his recent and current projects to …

Fisher Brothers a has finalized an agreement with Evercore to expand its total footprint at Park Avenue Plaza to 350,000 s/f and extend its lease, keeping the firm’s global headquarters at the iconic tower through 2034. Evercore, which currently occupies 150,000 s/f, will expand and consolidate New York operations in the tower as floors become …

The Fitness Factory Health Club will set up shop in Yonkers at RXR Realty’s Larkin Plaza Development Lee & Associates brokers Steve Lorenzo, Mitchell Salmon and Chris Ventura arranged a 15-year, 16,000 s/f lease at the three-building mixed-used complex being developed by RXR as part of its Public Private Partnership strategy to develop n transit-oriented …