Deals & Dealmakers
SELLING POINTS: POKO deals Brownsville theater for $53M, Assa nets $50M for Midtown building
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● TERRA CRG POKO pockets $53M in Brownsville deal Brooklyn investor Shulem Herman has paid $53 million for the former Pitkin movie theater in Brooklyn’
Debt & Equity
Hudson Co., BEC secure $97.5M financing for Brooklyn housing preservation project
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The Hudson Companies and BEC New Communities have closed on $97.5 million in financing for an affordable housing preservation project in Brooklyn.
Residential
Done Deals: Power of Persistence
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When searching for a home, it pays to be persistent. Citi Habitats agent Jessica Kaufman recently helped her client purchase unit 5R at 55 Montgomery Place
Construction & Design
Cuomo picks winners for Brooklyn affordable housing RFP
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The governor’s office has selected four affordable housing projects in Central Brooklyn to receive state funding. As part of his $578 million Vital Brooklyn
Deals & Dealmakers
SELLING POINTS: Cushman & Wakefield markets Little Neck temple
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● CUSHMAN & WAKEFIELD Temple selling Little Neck site Cushman & Wakefield has been retained to arrange the sale of 54-27 Little Neck Parkway, a 1.
Deals & Dealmakers
NGKF tapped to lease landmarked Pencil Factory in Greenpoint
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Newmark Grubb Knight Frank has been named exclusive leasing agent for the landmarked Pencil Factory at 74 Kent Street, a 37,745 s/f fully renovated retail/office
Debt & Equity
CPC closes on $100M New York portfolio loan
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The Community Preservation Corporation (CPC) announced the closing of a $100 million portfolio under the Freddie Mac Small Balance Loan (SBL) product.
Deals & Dealmakers
Brooklyn retail by the numbers
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The residential and commercial growth in Brooklyn has not gone unnoticed by The Real Estate Board of New York which just launched its first ever Brooklyn Retail Report.
Residential
DONE DEALS: Big catch in Rye
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Douglas Elliman Real Estate’s Nancy Strong and Stacey Oestreich have sold 408 Grace Church Street in Rye, NY, for $12.75 million. Celebrities, sport stars
Construction & Design
Maddd Equities, Joy Construction plan 3 projects in Bronx, Brooklyn
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Maddd Equities and Joy Construction are planning three mixed-use residential developments in The Bronx and Brooklyn. Jorge Madruga, of Maddd Equities
Deals & Dealmakers
Boom and gloom in market reports: Brooklyn is up, Manhattan rents are down
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This week’s collection of market reports show contrasting fortunes for different segments of the city’s real estate market. The positive news is that Brooklyn
Residential
Have You Heard? Meryl Streep’s penthouse hits market, Serhant lists BK condo
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One of the most expensive penthouses to hit the Brooklyn market has just been listed at $7.715 million by Ryan Serhant of NestSeekers. The author and celebrity