Brooklyn
Gazit Horizons Picks Up Park Slope Retail
JLL Capital Markets closed the $17.25-million sale of 555 Fifth Ave., a two-story retail building in Brooklyn’s Park Slope neighborhood. JLL represented… Read more
Parkview Furnishes Construction Loan on Brooklyn Apartments
Parkview Financial has provided a $66-million construction loan to 57 Caton Place, LLC for the development of a nine-story, 131-unit apartment project… Read more
NY State, MTA Move Ahead on Interborough Express Transit Project
A yearlong study into the proposed Interborough Express transit project running from Queens into southern Brooklyn indicates that it’s physically and logistically feasible and that there’s significant demand,… Read more
Brooklyn Investment Sales Rebound in 2021
Brooklyn’s total investment sales transactions and dollar volume in 2021 increased over 2020 and pre-pandemic levels, recording $6.1 billion in sales over 1,198 transactions, TerraCRG reported. That’s compared… Read more
B6 Finalizes Sale of Midwood Warehouse Duo
B6 Real Estate Advisors has completed the sale of 1490 & 1497 McDonald Ave., two single-story warehouses totaling 35,250 square feet in Brooklyn’s Midwood neighborhood, for $17 million. The… Read more
RXR Closes on Deal for Rentals at 85 Jay St.
(Updated with additional information) CIM Group and LIVWRK closed on the sale of the 320-unit rental apartment component at 85… Read more
Industry City Tallies 870K SF of Leases Since March 2020
The 16-building Industry City complex in Brooklyn has leased more than 870,000 square feet of space since March 2020. This figure accounts for nearly… Read more
Alpha Realty Lists Bed-Stuy Duo at 5% Cap Rate
Alpha Realty’s Lev Mavashev has been retained to sell 29 Brooklyn Ave and 126 Herkimer St in Brooklyn’s Bedford-Stuyvesant neighborhood. Mavashev and… Read more
Extell Tops 100-Unit Sales Mark at Two Resi Towers in 2021
Extell Development Company said Wednesday that two of its largest residential developments, One Manhattan Square on Manhattan’s Lower East Side and Brooklyn Point in… Read more
Gowanus Parcel Trades for $102M, Will Yield 660 Apartments
TerraCRG closed on the $102-million sale of one of the largest development sites in Brooklyn. 300 Nevins St. is in the newly rezoned Gowanus… Read more
RIPCO Tapped to Lease Up Bay Ridge Portfolio
RIPCO Real Estate has been tapped to handle the leasing and marketing of ASG Equities’ Bay Ridge Portfolio, which includes the site of the former Century21… Read more
NYCHA Forges Public-Private Partnerships on 5,200 Brooklyn Apartments
In three separate transactions, the New York City Housing Authority (NYCHA) has closed on $1.5 billion in financing with private-sector partners to renovate 5,226 NYCHA apartments across six campuses in Brooklyn. The three joint ventures are undertaking the… Read more
Prologis Makes Buy in North Brooklyn Industrial Zone
TerraCRG and Pinnacle Realty arranged the $27,500,000 sale of an industrial property at 280 Johnson Ave. in Brooklyn’s East Williamsburg neighborhood. The buyer was Prologis. Ofer… Read more
Seagis Adds to NYC Portfolio with Bronx Warehouse Buy
Seagis Property Group has acquired a 19,100-square-foot industrial building with an adjoining 10,300-square-foot parking lot. The property is located at 2500… Read more
JLL Handles Williamsburg Sale for Greystar
JLL Capital Markets closed the $116.2-million sale of 247N7, a 169-unit, 151,766-square-foot, two-building rental property at 247 N. 7th St. in Brooklyn’s Williamsburg neighborhood. The… Read more
Lee NYC Completes Triple-Net Leasehold in Brooklyn
Lee & Associates NYC represented ownership, 731 Flushing Avenue LLC, in the creation of a 99-year triple-net leasehold at 731 Flushing Ave. in… Read more
Savills Arranges Brooklyn Space for JCCA
Savills represented JCCA in a 68,000-square-foot, 16-year lease at Meadow Partners’ 57 Willoughby St. in Brooklyn. JCCA, which provides care to neglected and traumatized… Read more
Chronograph Inks Full-Floor Lease at Boutique Brooklyn Offices
JLL completed a 6,083-square-foot, full-floor lease for Chronograph at Two Trees Management’s Ten Grand St. in Williamsburg, Brooklyn. Chronograph provides portfolio monitoring technology to institutional private… Read more
Ariel Arranges Financing on Bronx, Brooklyn Properties
Ariel Property Advisors’ Capital Services Division arranged $10 million in financing across two loans for five properties in Brooklyn and the… Read more