Outer Boroughs Commercial Real Estate News

Madison Realty Capital arranged $45.8 million in construction debt on behalf of Bruman Realty for a mixed-use project in Brooklyn's Williamsburg neighborhood

MRC Originates Construction Debt for Williamsburg MXU

By Paul Bubny | February 21, 2022 Madison Realty Capital (MRC) recently originated a $45.8-million loan to Bruman Realty for the cons...Read more

Nonprofit Slow Factory will serve as the first anchor tenant at the Made in New York Garment Hub in Sunset Park, Brooklyn

Slow Factory to Anchor Made in New York Campus

By Paul Bubny | February 17, 2022 As part of the redevelopment of the Made in New York (MiNY) Campus at Bush Terminal in Brooklyn’s...Read more

New York Northern Lights condos Flushing Queens

Glacier Equities Rolls Out Renovated Condos in Flushing

By Paul Bubny | February 16, 2022 Glacier Equities is rolling out 62 fully renovated 62 condominium residences within Northern Lights...Read more

Vestiare Collective is relocating its New York offices from Manhattan's Starrett Lehigh Building to Liberty Brooklyn in Sunset Park, Brooklyn

Vestiare Collective Moves NYC Offices to Sunset Park

By Paul Bubny | February 15, 2022 Madison Capital and Salmar Properties have closed a 21,027-square foot lease on the third floor of ...Read more

A&E Realty added to its holdings in Rego Park with the acquisition of 92-40 Queens Blvd.

A&E Expands Rego Park Multifamily Holdings

By Paul Bubny | February 14, 2022 A&E Real Estate acquired 92-40 Queens Blvd., a six-story mixed-use elevator building in Rego Pa...Read more

Northspyre, led by CEO William Sankey, raised $25 million in a Series B funding round

Project Delivery Platform Northspyre Raises $25M in Series B

By Paul Bubny | February 13, 2022 Northspyre, a financial tracking and project delivery automation platform for real estate developer...Read more

Asian food manufacturer Twin Marquis has renewed its lease in Brooklyn with GFP Real Estate, which is now putting the property up for sale

GFP Renews Long-Term Tenant, Then Puts Property on the Market

By Paul Bubny | February 13, 2022 Twin Marquis, a New York-based, South Korean-owned manufacturer of fresh, authentic Asian noodles a...Read more

Abraham Bergman became president and CEO of Eastern Union in November 2021

Eastern Union Begins 2022 with Uptick in Volume, Deal Size

By Paul Bubny | February 10, 2022 Eastern Union, one of the country’s largest commercial real estate mortgage brokerages, has witne...Read more

JLL Capital Markets secured $49 million in acquisition and construction financing for Bank Street, a Class A logistics facility in Brooklyn's Canarsie neighborhood

JLL Secures Loan on Turnbridge Project in Canarsie

By Paul Bubny | February 09, 2022 JLL Capital Markets secured $49 million in acquisition and construction financing for Bank Street, ...Read more

Meridian Capital Group arranged $137 million in acquisition and construction financing for 555 Broadway, a rental development site in Brooklyn

Meridian Arranges $137M Financing on BK Development Site

By Paul Bubny | February 08, 2022 Meridian Capital Group arranged $137 million in acquisition and construction financing for 555 Broa...Read more

REZI has signed a five-year deal to market and lease 70 apartments at Archer House in Jamaica, Queens

REZI Inks Five-Year Deal to Lease Rentals at Jamaica’s Archer

By Paul Bubny | February 07, 2022 REZI has closed a five-year deal with developers ZD Jasper and Century Group Development for Archer...Read more

The sale of Barclay Tower, a Queens condominium project completed in 2017 but never occupied, has been approved by a bankruptcy court

Bankruptcy Court Okays A&G Sale of Flushing Resi Tower

By Paul Bubny | February 06, 2022 A&G Real Estate Partners said the U.S. Bankruptcy Court for the Eastern District of New York ha...Read more

Mayfair Capital and Corporate Transportation Group have joined the tenant roster at Industry City in Brooklyn

Industry City Engineers Quick Deals for Two New Tenants

By Paul Bubny | February 04, 2022 Industry City has added Mayfair Capital, a real estate investment and management firm, and Corporat...Read more

The commercial real estate group at BHI has provided $33.15 million in acquisition and construction financing for the development of a new luxury rental complex at 251 Front St. in the Vinegar Hill section of Brooklyn

BHI Lends on Luxury Rentals in Vinegar Hill

By Paul Bubny | February 02, 2022 Full-service commercial bank BHI said its commercial real estate group has provided $33.15 million ...Read more

RIPCO has hired Michelle Abramov as managing director of the new Queens office

RIPCO Hires Borough Veteran as Managing Director for Queens

By Paul Bubny | February 01, 2022 RIPCO Real Estate has hired Michelle Abramov as managing director for the Queens market. Abramov ...Read more

New Empire Corp. has acquired 24-01 Queens Plaza North in Long Island City, with plans to develop a luxury condominium project

New Empire Plans Second Condo Project in Long Island City

By Paul Bubny | January 31, 2022 New Empire Corp. acquired 24-01 Queens Plaza North in Long Island City for approximately $26 millio...Read more

Meridian arranged the sale of an industrial property in Sunnyside, Queens to an affiliate of East End Capital

Meridian Closes Sale of Three-Story Sunnyside Industrial

By Paul Bubny | January 30, 2022 Meridian senior executive managing director David Schechtman and managing directors Lipa Lieberman ...Read more

JLL represented Node in the sale of a Bushwick portfolio to a Brooklyn multifamily operator.

JLL Closes Sale of Bushwick Apartment Portfolio

By Paul Bubny | January 27, 2022 JLL Capital Markets closed the $16.3-million sale of a 24-unit, 17,000-square-foot, four-building m...Read more

The 4-4-billion Terminal B at LaGuardia Airport has now reached completion

LaGuardia Airport’s $4B Terminal B Reaches Completion

By Paul Bubny | January 27, 2022 The opening of the western skybridge at LaGuardia Airport’s $4-billion new Terminal B on Thursday...Read more

JLL Capital Markets arranged the $17.25-million sale of a two-story retail building in Brooklyn’s Park Slope neighborhood to Israel-based Gazit Horizons

Gazit Horizons Picks Up Park Slope Retail

By Paul Bubny | January 26, 2022 JLL Capital Markets closed the $17.25-million sale of 555 Fifth Ave., a two-story retail building...Read more

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Outer Boroughs