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ON THE SCENE: This week’s middle market sales, exclusives
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SALES Alpha Realty brokered the $5,150,000 sale of 4206 Carpenter Avenue (pictured top) in the Wakefield section of the Bronx. The 6-story property consists
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Nuveen funds $33M industrial loan
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JLL Capital Markets a secured $32.75 million in permanent financing for a nine-property industrial portfolio, aggregating 410,000 square feet and located
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One small fix can make all the difference for a more affordable New York
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New York’s pandemic-induced fiscal challenges have exacerbated its housing crisis, which will require a multi-pronged, holistic solution to fix in the long term.
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Netflix gives $25M to ending racism in housing
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Streaming behemoth Netflix is giving $25 million to a national effort to combat systemic racism in housing. Enterprise Community Partners, the non-profit
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Brookfield acquires Bronx distribution site for $28M
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JLL Capital Markets has completed the sale of 845 East 136th Street in the Port Morris section of the South Bronx on behalf of AEW Global Real Estate Investment
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Ruben Cos. welcomes trio of tenants to 600 Madison
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Newmark announced three office lease transactions at 600 Madison Avenue in Manhattan. Newmark’s President of the New York Tri-State Region, David Falk
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Blackstone acquires $3.45B lab office portfolio
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Blackstone announced that Blackstone Property Partners Life Sciences (BPPLS) will acquire a 2.3 million square foot portfolio of lab office buildings from
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Silverstein pushes into Philly’s life science sector
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Silverstein Properties is partnering with Cantor Fitzgerald and a local operator to push into the Philadelphia life science sector. The New York-based
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All things considered, institutional investors think real estate’s still a sure thing
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Uncertainties related to COVID-19 have not dampened global institutions’ confidence in commercial real estate. In fact, investor sentiment increased for
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Papyrus signs long-term retail lease with ESRT
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Empire State Realty Trust announced that Papyrus, the exclusive stationery retailer, will open a store at 1359 Broadway, where it has signed a long-term lease.
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CSRE Group bags $18M loan for CT multifamily buy
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New Jersey-based CSRE Group has secured $18.58 million in acquisition financing for the purchased of a 177-unit multifamily portfolio in New Haven, CT.
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Avalonbay taps Ben Schall as president
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Avalonbay Communities announced that Benjamin Schall, the dealmaker who took Seritage Growth Properties from an idea to a REIT responsible for 30 million