The Real Deal Elion Partners has paid $58.1 million, or $322.78/sf, for the 180,000-square-foot warehouse at 182-20 Liberty Ave. in Queens, N.Y. The Miami company bought the industrial property from two families that run their wholesaling business out of the...
The Real Deal RXR Realty has agreed to pay $220 million, or $687,500/unit, for 320 apartment units that are under construction at 85 Jay St. in Brooklyn, N.Y. The New York real estate investment company is buying the units from...
Commercial Observer Morgan Stanley has provided $95 million of financing against the 134-unit apartment property at 261-275 Amsterdam Ave. in Manhattan. Black Bear Capital Partners arranged the loan, which has a 10-year term and pays a 3.55 percent coupon. A...
Crain's New York Business A venture that includes 21st Century Storage has paid $18.2 million, or about $155.56/sf, for a self-storage facility totaling 117,000 square feet in Queens, N.Y. American Self Storage sold the three-story building at 47-30 29th St.
The Real Deal ERCT Capital Group has paid $52 million, or about $130.65/sf, for the 398,000-square-foot Broadacres Office Park in Bloomfield, N.J. The Montclair, N.J., real estate investor bought the four-building complex from P3 Properties of Bloomfield, which had acquired...
The Real Deal Rockrose Development has acquired a 14 percent stake in Manhattan's 11 East 26th St., in deal that values the 218,000-square-foot office building at $235 million. The New York company now owns a 42 percent interest in the...
Commercial Observer New York mayor Bill de Blasio expects all city businesses, restaurants, offices, theaters and other venues to operate at full capacity on July 1. But De Blasio, who made the comments this morning on MSNBC, noted that federal...
Crain's New York Business The Briad Group has proposed building a 96-unit apartment project at 88-36 139th St. in Queens, N.Y. Plans for the project include 41 parking spaces. The developer manages several Marriott and Hilton hotels in New York...
Commercial Observer Bank of America has provided $52 million of financing against Flushing Plaza, a 233,436-square-foot office building in Queens, N.Y. Cushman & Wakefield arranged the fixed-rate loan, which has a 10-year term. Muss Development has owned Flushing Plaza, at...
Commercial Observer Yechiel Newhouse has paid $24.4 million, or $158,442/unit, for the 154-unit apartment property at 1240 Morrison Ave. in the Bronx, N.Y. The New York investor bought the building from Stellar Management, which had owned it since 2007. Rosewood...
