Melville
Newmark Arranges $280M Financing for Long Island Office Portfolio
Newmark arranged the $280-million financing for a 14-property medical office and suburban office portfolio totaling approximately 1.51 million square feet… Read more
Appliance Wholesaler Will Own and Occupy Melville Warehouse
Colliers closed the $20-million sale of a 91,428 square foot industrial space at 135 Baylis Rd. in Melville, NY, in Long… Read more
Cushman & Wakefield Arranges Three Melville Leases Totaling 163K SF
Cushman & Wakefield has secured three long-term leases at 2 Corporate Center Drive at Melville in Long Island, a Class… Read more
Creation & JP Morgan Sell Long Island Distribution Center for $44M
Creation and JP Morgan Asset Management have sold Baylis 495 Business Park, a 103,500-square-foot Class-A distribution center in Melville, to… Read more
Northmarq Arranges $77M in Refis for Properties in Brooklyn, Long Island
Ernest DesRochers, Charles Cotsalas and Robert Delitsky of Northmarq’s New York and Long Island debt/equity team arranged $77 million in… Read more
Creation RE JVs with J.P. Morgan on $1B Industrial JV
Creation RE, a real estate investment and development firm headquartered in Phoenix, and institutional investors advised by J.P. Morgan Global… Read more
Bankruptcy Court Okays A&G Sale of Flushing Resi Tower
A&G Real Estate Partners said the U.S. Bankruptcy Court for the Eastern District of New York has approved the sale… Read more
Westmount Sees West End on Eldridge’s Growth Potential
West End on Eldridge, a 192-unit apartment community located in Houston’s Energy Corridor submarket, recently sold for an undisclosed purchase… Read more
ACRES Provides Loan on Yonkers Multifamily Project
ACRES Capital Corp. has originated a $31.5-million loan to fund construction and stabilization of 56 Prospect St., a nearly 79,000-square-foot… Read more
FCP Closes on Preferred Equity for Glen Cove Apartment Deal
FCP recently closed on a preferred equity investment to facilitate Fairfield Properties’ acquisition of a 367-unit residential community currently known as… Read more
A&G Oversees Bankruptcy Auction for Queens Residential Tower
A&G Real Estate Partners is now accepting bids from developers or investors for Barclay Tower, a newly-constructed, 23-unit residential building in… Read more
LI Regional Bank Commits to Offices in Melville
The First National Bank of Long Island has committed to a 39,326-square-foot lease at CLK Properties’ 275 Broadhollow Rd. in Melville, NY,… Read more
Turnaround Expert Says Retail Bankruptcies Could Rise in 2021’s Second Half
Structurally flawed businesses that made it through 2020 are in greater danger of imploding in the second half of 2021,… Read more
Hartz Mountain Launches E-commerce Center on LI
CBRE has been retained as the leasing agent for a two-building industrial complex under development by Hartz Mountain Industries in… Read more
Federal Realty Signs Restaurant Tenant at Melville Mall
Federal Realty Investment Trust has signed Cava, a growing Mediterranean brand, as the final tenant at its new 15,000-square-foot building at Melville Mall. The restaurant will open… Read more
Stage Stores Warehouse in East TX Trades in Bankruptcy Sale
A&G Real Estate Partners completed bankruptcy court-approved sales of Stage Stores, Inc.’s Jacksonville, TX distribution center and two other properties… Read more
Stage Stores’ Jacksonville Warehouse Comes to Market
In its capacity as real estate advisor for Stage Stores, Inc., A&G Real Estate Partners is now accepting bids on the retailer’s Jacksonville… Read more