MELVILLE, N.Y. — Nationwide Mortgage Bankers (NMB), a locally based financial institution, has opened a 30,000-square-foot office headquarters at 1305 Walt Whitman Road in Melville, a community located on Long Island. The space features a podcast streaming center, digital media studios and a 65-seat technical training facility. NMB plans to immediately bring about 100 jobs to the facility and hire more in the coming months. The Feil Organization owns the building.
NEW YORK CITY — Babylist has signed a 20,000-square-foot retail lease in Manhattan’s SoHo district. The lease term is 10 years, and the space spans two levels (10,000 square feet each) at 477 Broadway. Paul Popkin, Morris Dweck and Annie Squier of Lee & Associates represented the landlord, an entity doing business as 477 Realty LLC, in the lease negotiations. Lydia Bell and Cole Stapleton of Tungsten Property represented Babylist. The opening is scheduled for late summer.
NEW YORK CITY — ACORE Capital has provided a $110 million loan for the refinancing of 370 Lexington Avenue, a 317,000-square-foot office building located in the Grand Central submarket of Midtown Manhattan. The building was originally constructed in 1929 and recently underwent renovations to the lobby, elevators, building access systems, hallways and bathrooms. The loan was executed as part of a larger, $138 million recapitalization, additional terms of which were not disclosed. The sponsor is a partnership between two locally based owner-operators, Broad Street Development and KSR Capital. Peter Greisinger arranged the financing.
BRENTWOOD, N.Y. — CAPREIT has acquired Broadway West, a 114-unit apartment complex in the Long Island community of Brentwood. Built in 2003, Broadway West offers one- and two-bedroom units and amenities such as a resident clubhouse, outdoor grilling and dining stations, a fitness center and onsite laundry facilities. The seller and sales price were not disclosed.
NEW YORK CITY — Marcus & Millichap has negotiated the $14.5 million sale of a 40,400-square-foot industrial building in Queens. Constructed in 1931, the fully leased building at 43-10 21st St. is located in the borough’s Long Island City area and features a clear height of 13.5 feet. Jakub Nowak and Matthew Rosenzweig of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
NEW ROCHELLE, N.Y. — Berkadia has provided a $126.4 million Fannie Mae loan for the refinancing of Two Clinton Park, a 28-story apartment building located north of New York City in New Rochelle. Built in 2024, Two Clinton Park houses 390 units in studio, one- and two-bedroom floor plans that range in size from 461 to 1,197 square feet, as well as 7,574 square feet of retail space. Amenities include coworking lounges, a fitness center, spa and sauna, screening room, pet spa and landscaped outdoor terraces with grilling stations and fire pits. Brad Williamson, Chris Ellis, Mitch Sinberg, Scott Wadler, Matthew Robbins, Kevin Batt, Brian Huff and Matt Schildwachter of Berkadia, in conjunction with Paul Patafio of Hudson Realty Capital, originated the loan. The sponsor was a partnership between RXR and Bridge Investment Group.
NEW CITY, N.Y. — New Jersey-based financial intermediary Cronheim Mortgage has arranged $33.2 million in financing for a 128,801-square-foot shopping center in New City, located about 40 miles north of New York City. Anchored by grocer ShopRite, New City Center is a recently renovated property that is also home to tenants such as Sakura Japan, Bank of America and Smoothie King. Dev Morris, Allison Villamagna, Brandon Szwalbenest and Andrew Stewart of Cronheim arranged the loan, which carries a three-year term with two one-year extension options, through Voya Investment Management. The borrower was a joint venture between KABR Group and BTF Capital Fund.
NEW YORK CITY — The Hudson Cos. Inc. and its affiliate, Broadway Builders LLC, have signed an 18,200-square-foot office lease in Manhattan’s Flatiron District. The joint tenancy will occupy the entire 12th floor at 902 Broadway under an 11-year lease. Benjamin Waller and Daria Ghasemi of ABS Partners Real Estate represented the tenants in the lease negotiations. Max Koeppel of Koeppel Rosen represented the landlord on an internal basis.
NEW YORK CITY — Hyatt Hotels Corp. has opened The Livingston, a 104-room hotel in Brooklyn’s Boerum Hill neighborhood that is part of the Chicago-based hospitality giant’s JdV by Hyatt collection of brands. The pet-friendly hotel offers a range of accommodations, including suites and 15 rooms with private balconies. Amenities include a rooftop terrace and multiple onsite food-and-beverage options. A partnership between St. Louis-based Midas Hospitality and ACRES Capital developed The Livingston.
NEW YORK CITY — Local investment firm Jonathan Rose Cos. has purchased The Caroline Apartments, a 126-unit affordable housing building in the Inwood section of Upper Manhattan, for $53 million. The building was constructed in 1980 and last renovated in 2008. Income restrictions were not disclosed. The new ownership plans to invest nearly $20 million in capital improvements to the property, including upgrades to building systems and unit interiors, enhancements to the community center and energy-efficiency upgrades. Jonathan Rose Cos. also plans to bring in a full-time resident services coordinator. Th seller was Related Cos.
Newer Posts