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Northeast

Angel Commercial Facilitates $1M Sale of Retail Strip Center in Bridgeport, Connecticut

BRIDGEPORT, CONN. — Angel Commercial has arranged the sale of a retail strip center located at 4086-4108 Main St. in Bridgeport. A private investor acquired the property from Applebaum Schneider for $1 million. Luigi’s Italian Pastries anchors the 6,380-square-foot property. Lester Fradkoff of Angel Commercial represented the seller and buyer in the deal.

July 25, 2017

Fashion Retailer Michael Kors to Acquire Jimmy Choo for $1.35B

NEW YORK CITY — Global fashion retailer Michael Kors has agreed to acquire Jimmy Choo, a London-based luxury footwear and accessories brand, for approximately $1.35 billion. Jimmy Choo PLC (LON: CHOO) has approximately 150 company-operated retail stores, 560 multi-brand locations and more than 60 franchise stores in locations worldwide. The company has a strong presence in the Americas, Europe, the Middle East, and Asia. With this acquisition, Michael Kors Holdings Limited (NYSE: KORS)..

July 25, 2017

Greystone Provides $78.4M HUD Loan for 510-Bed Skilled Nursing Facility in New York City

NEW YORK CITY — Greystone has provided a $78.4 million HUD-insured permanent loan to refinance Boro Park Center for Nursing & Rehabilitation in Brooklyn. Fred Levine of Greystone originated the financing for the borrower, Centers Health Care. The borrowers have invested more than $20 million in renovations to the property, which it acquired more than five years ago. Boro Park Center features a variety of clinical services, including amputee recovery and training; cardiac therapy; comfort..

July 24, 2017

Sun Moon Develops 192-Room Marriott Fairfield in Lower Manhattan

NEW YORK CITY — Sun Moon LLC is developing a Marriott Fairfield at 100 Greenwich St. in Lower Manhattan. Slated to open this summer, the 75,000-square-foot hotel will feature 192 rooms and 2,400 square feet of ground-floor restaurant and bar space. Gene Kaufman Architect designed the hotel, which features a five-story black granite base. The hotel’s 25-story tower uses air rights that were part of a zoning lot assemblage. The assemblage includes a previously completed 50-story Holiday Inn,..

July 24, 2017

Rosewood Realty Facilitates $12.3M Sale of Two Apartment Buildings in Manhattan

NEW YORK CITY — Rosewood Realty Group has arranged the sale of two contiguous five-story apartment buildings in Manhattan's Washington Heights neighborhood. 25 Ridge LLC and 560 West 184th Street Owners LLC acquired the buildings, located at 558 and 560 W. 184th St., for $12.3 million. The sellers were 25 Ridge LLC, 558 West 184th Street Owners LLC and 560 West 184th Street Owners LLC. The buildings feature 109 single-room units. Jonathan Brody of Rosewood Realty represented the buyers,..

July 24, 2017

Marcus & Millichap Brokers $1.1M Sale of Retail Property in Bayonne, New Jersey

BAYONNE, N.J. — Marcus & Millichap has arranged the sale of a retail property located at 563-567 Broadway in Bayonne. A private investor sold the property for $1.1 million, or $192 per square foot. The building features 5,600 square feet of retail space. Fahri Ozturk and Tyler Van Wagoner of Marcus & Millichap represented the seller and buyer, a private investor, in the deal.

July 24, 2017

Cushman & Wakefield Negotiates $15.8M Sale of Office Building in Princeton, New Jersey

PRINCETON, N.J. — Cushman & Wakefield has arranged the sale of an office building, located at 103 Carnegie Center Drive in Princeton. Boston Properties acquired the 96,000-square-foot building from Mack-Cali Realty Corp. for $15.8 million. The three-story building features flexible floor plans accommodating tenants from 500 square feet to 15,000 square feet. Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, Frank DiTommaso II and Andrew Schwartz of Cushman & Wakefield..

July 24, 2017

Bell Partners Buys 196-Unit Apartment Community in Boston’s Jamaica Plain

BOSTON — Bell Partners has purchased Olmsted Place, an apartment community, located at 161 S. Huntington Ave. in the Jamaica Plain neighborhood of Boston, for an undisclosed price. Bell has renamed the 196-unit property Bell Olmsted Park, and Bell Partners will manage the community. Opened in late 2015, the property features a variety of studio, one-, two- and three-bedroom layouts, two elevated courtyards and surface and garage parking. The residences feature hardwood floors, granite..

July 21, 2017

TF Cornerstone Opens 714-Unit Apartment Development in Brooklyn

NEW YORK CITY — TF Cornerstone has completed the development of 33 Bond, a 25-story apartment development located in Brooklyn. Designed by Handel Architects, 33 Bond features 714 rental units in studio, one- and two-bedroom open-concept layouts, a 24-hour attended lobby, package attendant, club lounge with billiards table, screening room, designated event space, bicycle store, parking garage and an on-site pet grooming space. Residences feature white oak floors, state-of-the-art kitchens..

July 21, 2017

Lourdes Realty Acquires 100-Unit Apartment Building in Brooklyn for $33M

NEW YORK CITY — Lourdes Realty Group has purchased a 100-unit apartment building located at 70 Dahill Road in the Kensington section of Brooklyn. Sentinel Real Estate Corp. sold the property for $33 million. Built in 1934, the 102,000-square-foot building features six studios, 61 one-bedroom, 26 two-bedroom and seven three-bedroom units. Aaron Jungreis of Rosewood Realty Group represented the buyer and seller in the deal.

July 21, 2017