Tag : JLL

Deals & Dealmakers

SELLING POINTS: Newmark Knight Frank retained to sell 45 Beekman Street

REW
by REW3276
● DEVELOPMENT SITE ADVISORS $22M price tag on jumbo development site Development Site Advisors has been exclusively retained by ownership to sell 400 West 219th Street, the largest development site on the market in Northern Manhattan. The asking price is set at $22.5 million or roughly $156 per buildable square foot...
Deals & Dealmakers

Tenants giving new-look Grand Central building a place in innovation economy

REW
by REW2183
Marx Realty (MNPP) announced that global life insurance company MassMutual, signed a 22,000 s/f, 10-year lease for the entire 12th floor at 10 Grand Central. The company is relocating from 200 Park Avenue. Additionally, international news agency Agence France-Presse, AFP, UK-based sports private equity firm 23 Capital, asset management firm...
ACRES antes up $35M for mixed-used LIC property
Debt & Equity

ACRES antes up $35M for mixed-used LIC property

REW
by REW2063
ACRES Capital Corp. originated a $35 million loan to complete the construction of 23-20 Jackson Avenue, a nine-story, 82,000 s/f mixed-use property located in Long Island City, New York. The loan carries a term of 24 months and is sponsored by veteran local real estate developer, The VOREA Group, led...
Industry making strides in reducing carbon footprint, report says
Green Building

Industry making strides in reducing carbon footprint, report says

REW
by REW2394
Industry making strides in reducing carbon footprint, report says A new report from from the Urban Land Institute’s (ULI) Greenprint Center for Building Performance shows that the real estate industry has made significant progress over the past 10 years in reducing carbon emissions and energy consumption while increasing asset value....
Roseland closes Signature transaction
Deals & Dealmakers

Roseland closes Signature transaction

REW
by REW1436
JLL arranged $43 million in financing for Signature Place, a 197-unit, luxury apartment community in Morris Plains, Morris County, New Jersey. JLL worked on behalf of Mack-Cali Realty Corporation, acting on behalf of Roseland Residential Trust, to place the five-year, fixed-rate loan with Nationwide Life Insurance Company. Loan proceeds replaced...
Deals & Dealmakers

SELLING POINTS: CBRE announces $20 million sale of Bergen Medical Center

REW
by REW2569
● ABS PARTNERS ABS brings Bronx development site to market ABS Partners Real Estate has been retained to advise a long-term family partnership that owns 40 Bruckner Boulevard, a 250,000 s/f development site in an opportunity zone, in the South Bronx. The sellers are looking to monetize the asset by identifying a...
Deals & Dealmakers

SELLING POINTS: JLL marketing LIC retail condominiums

REW
by REW2060
● KFIR CAPITAL $20.5M ‘Opportunity Zone’ deal KFIR Capital, aninvestment sales/advisory firm, has announced the $20.5 million sale of a two-story, 43,000 s/f mixed-use building “Opportunity Zone” deal located in Prospect Lefferts Garden. The buyer, a family office, plans to develop the site at 210 Clarkson Avenue. Located at the corner of...
Banking and Finance

JLL secures financing for 220-unit multifamily development in NJ

REW
by REW1312
JLL announces that it has arranged an undisclosed amount of financing for the development of Englewood Circle, a 220-unit, Class A multifamily property in Englewood, New Jersey.  JLL worked on behalf of the developers, a joint venture between The Claremont Companies and Cypress Equity Investments, to secure the five-year construction...
LEASES: Helmsley Spear brokers new retail lease in FiDi
Leases

LEASES: Helmsley Spear brokers new retail lease in FiDi

REW
by REW3883
NEW YORK Helmsley Spear has brokered a new retail lease in FiDi, totaling 4,170 s/f at 83 Maiden Lane with the restaurant and brewery known as MezCali. Kent M. Swig, president of Helmsley Spear, Andrew Simon and Brett Zelner of Helmsley Spear represented the landlord, AHRC NYC in this lease, and Manu Wendum and Lee...
Deals & Dealmakers

Glasses company FantasEyes takes nearly 12,000 s/f on Fifth Avenue

REW
by REW1807
Cushman & Wakefield announced today that the real estate services firm has arranged an 11,850 s/f eleven-year office lease for FantasEyes at 420 Fifth Avenue. Founded in 1989, FantasEyes is an eyewear and fashion accessories company proudly delivering high quality products at an affordable price. Cushman & Wakefield’s Adam Nelson represented the...