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SELLING POINTS: POKO deals Brownsville theater for $53M, Assa nets $50M for Midtown building
06
● TERRA CRG POKO pockets $53M in Brownsville deal Brooklyn investor Shulem Herman has paid $53 million for the former Pitkin movie theater in Brooklyn’
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KZA, RM Friedland land giant Bronx retail exclusive
05
KZA Realty Group, and RM Friedland has been named exclusive commercial brokers for the La Central development in Downtown Bronx The massive mixed-use project
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KZA Realty, RM Friedland join forces in the Bronx
05
Two established Bronx commercial real estate firms announced a new affiliation agreement. KZA Realty Group and RM Friedland will join forces on select
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Almat Group, Habitat for Humanity break ground for largest multifamily property yet
03
Affordable housing developer Habitat for Humanity New York City, in conjunction with the Almat Group and the New York City Department of Housing Preservation
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Boogie Down Bronx beats Millionaires Row
07
The Bronx has beaten Millionaires Row in the New York City housing stakes this quarter. According to the first quarter market report from REBNY, the neighborhood
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60 Guilders aims to add outer borough industrial to portfolio
05
Real estate investment firm 60 Guilders is set to push into the outer boroughs industrial market as demand from the e-commerce sector surges.
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Bronx construction starts on pace to break $2B for third year in a row
06
A rising tide a lifts all ships and the rushing current of capital flowing into New York has once again buoyed development in the city’s most cash-strapped borough.
Deals & Dealmakers
Selling Points: Brooksville, Rockpoint partner up in Princeton, Fruchthandler nabs Bronx buildings
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● HFF Brooksville, Rockpoint partner on Princeton buy A joint venture between Boston-based Rockpoint Group and Andrew MacArthur’s Brooksville Company
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Longtime owner sells Bronx 263-unit portfolio for $47M
08
Eastern Consolidated announced the sale of a six-building, 263-unit, 282,682 s/f multifamily portfolio in the Highbridge section of the Bronx for $47 million.
Residential
Taconic partners with Clarion for afford housing investment venture
00
As New York prices continue to climb, a pair of real estate investment firms sees potential in the affordable housing market. Taconic Investment Partners
REBNY Watch
REBNY Watch: Burgeoning Bronx sees fruits of new development
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By John Banks In order for New York City to continue to thrive as one of the most dynamic urban centers in the world, the city’s various neighborhoods
Deals & Dealmakers
60 Guilders aims to add outer borough industrial to portfolio
00
Real estate investment firm 60 Guilders is set to push into the outer boroughs industrial market as demand from the e-commerce sector surges.