The Real Deal A venture led by developer Douglaston Development has acquired a development site at 1057 Atlantic Ave in the Bedford-Stuyvesant section of Brooklyn, NY with plans to build a 456-unit apartment property The venture paid $66 million for...
REBusiness Online Easton Coach Co has fully leased a 160,000-square-foot industrial property at 601 Leigh Ave in Union, NJ The ground transportation services provider was represented in the lease by Lee & Associates, while Bussel Realty...
Commercial Observer A venture led by New York developer Tredway has paid $150 million, or $183,824/unit, for the 816-unit Sea Park Apartments in the Coney Island section of Brooklyn, NY The venture bought the affordable-housing complex, at 2930 West...
Crain’s New York Business The Stagg Group has paid $18 million, or $189,474/unit, for Overlook Manor, a 95-unit apartment property near the campus of Manhattan College in the Bronx, NY The six-story property, 3801 Waldo Ave, has a capacity of...
The Real Deal A portfolio of three apartment properties with 48 units and 8,000 square feet of retail space in the North of Little Italy, or Nolita, neighborhood of Manhattan is headed toward foreclosure The portfolio serves as collateral for a $41...
ConnectCRE The redevelopment of the Clarendon Hill Apartments housing project in the Boston suburb of Somerville, Mass, is underway The Preservation of Affordable Housing, Somerville Community Corp and Somerville Housing Authority, among others,...
ConnectCRE Work is underway on a 323,750-square-foot warehouse at 50 Robert Milligan Parkway in Merrimack, NH Trammell Crow Co and Diamond Realty Investments are building the industrial property on a 43-acre parcel, with completion expected in the...
Real Estate Weekly Bristol Group is nearing completion of the 178,124-square-foot warehouse it’s building in the Long Island, NY, town of Commack, NY The industrial project, at 49 Mall Drive, is expected to be completed in June It will have...
Commercial Observer Lalezarian Properties has paid $335 million, or $34045/sf, for 650 First Ave, a seven-story office building at the corner of 37th Street in Manhattan’s Murray Hill neighborhood, with plans to convert it into apartments The...
The Real Deal The RXR Realty venture that owns the 786,985-sf office building at 61 Broadway in lower Manhattan has defaulted on its $325 million of financing Lenders led by Aareal Bank, which hold the loan, are slated to offer it for sale in the...
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