NEW YORK CITY — Cushman & Wakefield has arranged the $450 million sale of a four-property commercial portfolio located throughout the greater New York City area. The portfolio comprises existing multifamily, retail, healthcare and industrial buildings spanning roughly 4 million square feet, as well as multiple development sites totaling roughly 300 acres, in the following markets: East Fishkill, N.Y., Edgewater, N.J., Norwalk, Conn. and Yonkers, N.Y. Specifically, the portfolio includes iPark 84, a 270-acre, 1.8 million-square-foot industrial campus in East Fishkill that was originally built to be IBM’s flagship semiconductor manufacturing plant and can support another 1.5 million square feet of new development. Other properties within the portfolio include Edgewater Harbor, a 262-unit waterfront apartment complex with 60,000 square feet of retail space; a 400,000-square-foot mixed-use development in Norwalk that is anchored by a Northwell Health medical outpatient facility; and Trilogy Lofts, a newly constructed, 97-unit apartment building in Yonkers. Andy Merin, Frank DiTommaso and Ryan Dowd of Cushman & Wakefield represented the undisclosed seller in the transaction. The buyer was a partnership between New York-based Saber-Hightower, Waterfall Asset Management and Dallas-based Lincoln Property Co. John Alascio, Alex Hernanez, Brad Domenico, Chuck Kohaut and Mitch Rothstein, also with Cushman …
KASER, N.Y. — Dwight Mortgage Trust, the affiliate REIT of New York City-based Dwight Capital, has provided a $55 million construction loan for a 104-unit multifamily project that will be located at 10 Ashel Lane in Kaser, about 40 miles northwest of New York City. The property will feature one-, two-, three-, and four-bedroom units and 45,000 square feet of ground-floor commercial space that will be home to a grocery store and urgent care clinic. Steven Hersko of The SHB Group arranged the loan on behalf of the borrower, Sky Equity Group. A tentative completion date was not announced.
NEW YORK CITY — Marcus & Millichap has brokered the $23.5 million sale of a 122-unit apartment building located in Brooklyn’s Midwood neighborhood. The doorman- and elevator-served building at 1000 Ocean Parkway was constructed in 1964 and renovated in 2021. Information on floor plans and amenities was not disclosed. Matt Fotis of Marcus & Millichap represented the seller, a local family, in the transaction and procured the buyer, Brooklyn-based FM Home Loans.
NEW YORK CITY — Ambassador Theatre Group has signed an office lease expansion and extension in Midtown Manhattan. The theater operator is essentially doubling its footprint to 19,380 square feet on the fifth floor of the 13-story building at 630 Ninth Ave., which is known locally as The Film Center Building. Rocco Laginestra of CBRE represented the tenant in the lease negotiations. Matthew Mandell of GFP Real Estate represented the landlord on an internal basis.
NEW YORK CITY — Centerbridge Partners has signed a 75,826-square-foot office lease in Midtown Manhattan. The investment management firm will relocate from a nearby location to the entire 22nd and 23rd floors of 345 Park Avenue, a 1.9 million-square-foot building that was constructed in 1969, via a 15-year lease. Robert Steinman represented the landlord, Rudin, in the lease negotiations on an internal basis. Neil Goldmacher, Brian Goldman and Matthew Lorberbaum of Newmark represented Centerbridge.
NEW YORK CITY — Locally based owner-operator Fetner Properties has completed the renovation of The Arbor, a 127-unit apartment complex in The Bronx. The Arbor, which was originally constructed in 2006 in the borough’s Riverdale neighborhood, consists of two nine-story buildings that house one-, two-, three- and four-bedroom units. Post-renovation, residences feature stainless steel appliances and in-unit washers and dryers, as well as new kitchen counters, cabinets, backsplashes and fixtures. Fetner also reimagined the building’s lobby and upgraded amenity spaces, which include a fitness center, resident lounge, children’s playroom and a courtyard.
HORSEHEADS, N.Y. — New York-based investment firm United Properties Corp. has purchased Southern Tier Crossing, an 84,000-square-foot shopping center in Horseheads, located in the southern-central part of the state. The sales price was $13.5 million. According to information on the website of Nashville-based brokerage firm Matthews, the center was built in 2008 and is home to tenants such as Burlington, PetSmart, ULTA and Five Below. The seller was not disclosed.
NEW YORK CITY — Local brokerage firm TerraCRG has arranged the $8.6 million sale of a multi-level retail building in the Williamsburg area of Brooklyn. The building at 76 Ainslie St., which according to LoopNet Inc. was constructed in 1974, totals 9,084 square feet across three levels. Daniel Lebor, Dan Marks and Thomas Horrigan of TerraCRG brokered the deal. The buyer and seller were not disclosed.
NEW YORK CITY — Marcus & Millichap has brokered the $7.3 million sale of two mixed-use buildings in Manhattan’s Greenwich Village area. Constructed in 1910 and recently renovated, the buildings at 18-20 Christopher St. consist of eight residential units and three commercial spaces. Peter Dodge, Joe Koicim and Paige DeMutis of Marcus & Millichap represented the undisclosed seller in the transaction and procured the buyer, Dalan Real Estate.
NEW YORK CITY — Versant Media Group (Nasdaq: VSNT) has signed a 84,509-square-foot office lease expansion and 18-year extension in Midtown Manhattan. The owner of networks like MS NOW, CNBC, USA Network, Golf Channel, E!, SYFY and Oxygen now occupies 249,054 square feet across six floors at 229 West 43rd Street, a 15-story building that was constructed in 1912 as the home of The New York Times. CBRE represented Versant in the lease negotiations. The landlord, Columbia Property Trust, was self-represented.
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