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The-Ellery-Manhattan
DevelopmentMultifamilyNew YorkNortheast

Taconic Partners, NREA Underway on 330-Unit Multifamily Project in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — A partnership between Taconic Partners and National Real Estate Advisors is underway on construction of The Ellery, a 330-unit multifamily project in Midtown Manhattan. Designed by Handel Architects, The Ellery will consist of two interconnected buildings that will rise 32 and seven stories at 312 W. 43rd St. Units will come in studio, one- and two-bedroom floor plans. The Ellery will feature 28,000 square feet of indoor and outdoor amenity space, including a rooftop pool, as well as 42,000 square feet of retail space across two floors. The development team most recently completed construction of the façade, but a timeline for full completion was not disclosed.

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AcquisitionsMultifamilyNew YorkNortheastStudent Housing

Charney Cos., Criterion Real Estate Acquire Student Housing Property in Manhattan

by Taylor Williams

NEW YORK CITY — A joint venture between Charney Cos. and Criterion Real Estate Capital has acquired 99 Claremont Avenue, a student housing property located in the Morningside Heights neighborhood of Manhattan. The seven-story building was originally constructed in 1932. The seller and sales price were not disclosed. Madison Realty Capital provided a $55 million bridge loan for the acquisition, and the new ownership plans to use a portion of the proceeds to renovate the property.

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40-Bruckner-Blvd.-Bronx
DevelopmentMultifamilyNew YorkNortheast

JCS Realty Underway on 365-Unit Multifamily Project in The Bronx

by Taylor Williams

NEW YORK CITY — Developer JCS Realty is underway on construction of Bruckner House, a 365-unit multifamily project in The Bronx. The site is located at 40 Bruckner Blvd. in the Mott Haven neighborhood on the borough’s south side. Bruckner House offers studio, one- and two-bedroom units and amenities such as a fitness center, coworking areas, a movie theater and a rooftop pool and lounge area. Project partners include S9 Architecture and EP Engineering.

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Leasing ActivityNew YorkNortheastOffice

CoreWeave Signs 17,421 SF Office Lease in Manhattan’s Financial District

by Taylor Williams

NEW YORK CITY — CoreWeave, a provider of cloud infrastructure services, has signed a 17,421-square-foot office lease at 33 Whitehall St. in Manhattan’s Financial District. CoreWeave will occupy the top floor of the 30-story building, which is known locally as Broad Financial Center. Jonathan Cope and Edward Goldman of CBRE represented the landlord, Stawski Partners, in the lease negotiations. Dan Posy and Ian Lipman of JLL represented the tenant.

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Leasing ActivityNew YorkNortheastOffice

Cushman & Wakefield Arranges 13,671 SF Office Lease in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Cushman & Wakefield has arranged a 13,671-square-foot office lease at 300 Park Avenue South in Midtown Manhattan. Rockrose Development owns the 14-story building, which was originally constructed in 1910. Josh Kuriloff, Matthias Li, Drew Braver, Remy Liebersohn and Heather Thomas of Cushman & Wakefield, along with internal agent Rob Fink, represented the landlord in the lease negotiations. Greg Wang, Christine Colley and Thomas Swartz of JLL represented the tenant, e-commerce firm 1stDibs.

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AcquisitionsIndustrialNew YorkNortheast

Terreno Realty Acquires Brooklyn Industrial Building for $12M

by Taylor Williams

NEW YORK CITY — San Francisco-based Terreno Realty Corp. (NYSE: TRE) has acquired a 24,000-square-foot industrial building in the East Williamsburg neighborhood of Brooklyn for $12 million. The site at 181 Lombardy St. spans about three-quarters of an acre, and the facility, which is currently vacant, features one dock-high door, one grade-level loading position and parking for 10 cars. The seller was not disclosed.

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AcquisitionsMultifamilyNew YorkNortheast

GFI Realty Arranges $4.8M Sale of Brooklyn Apartment Building

by Taylor Williams

NEW YORK CITY — Locally based brokerage firm GFI Realty has arranged the $4.8 million sale of a 48-unit apartment building in the Crown Heights neighborhood of Brooklyn. The six-story building was constructed in 1930 and consists of 20 one-bedroom units, 22 two-bedroom apartments, five three-bedroom residences and one four-bedroom unit. Matthew Sparks of GFI Realty represented the seller, a limited liability company, in the transaction. Josh Orlander, also with GFI, represented the buyer, a private investor.

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HealthcareLeasing ActivityNew YorkNortheast

Northwell Health Signs 23,021 SF Lease Renewal in Lynbrook, New York

by Taylor Williams

LYNBROOK, N.Y. — Northwell Health, the state’s largest provider, has signed a 23,021-square-foot, full-building renewal on Long Island. Locally based firm Simone Development Cos. owns the three-story building at 733 Sunrise Highway in Lynbrook. The facility is home to physicians specializing in fields such as family medicine, cardiology, endocrinology, gastroenterology, pulmonology, urology and rheumatology. No third-party brokers were involved in the lease negotiations.

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Leasing ActivityNew YorkNortheastOffice

Avison Young Negotiates 7,364 SF Office Lease in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Avison Young has negotiated a seven-year, 7,364-square-foot office lease at 551 Fifth Avenue in Midtown Manhattan. The Feil Organization owns the property, which was originally built in 1927 and is known locally as The Fred F. French Building. Martin Cottingham, Patrick Steffens and Alexis Odgers of Avison Young represented the tenant, BOND Civil & Utility Construction, in the lease negotiations. Andrew Wiener, Kevin Driscoll and Henry Korzec represented Feil on an internal basis.

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GrandeVille-at-Malta-New-York-1
DevelopmentMultifamilyNew YorkNortheast

LeCesse Development Completes 189-Unit Multifamily Project in Malta, New York

by Taylor Williams

MALTA, N.Y. — Florida-based LeCesse Development Corp. has completed GrandeVille at Malta, a 189-unit multifamily project located about 30 miles north of Albany in Upstate New York. The project represents Phase II of a larger development, the initial phase of which comprised 292 units. Phase II residences are spread across three buildings and come in one-, two- and three-bedroom formats. Units are furnished with stainless steel appliances, quartz countertops, custom cabinetry, walk-in closets and individual washers and dryers. Amenities include an indoor pool, clubhouse, fitness center, game room, business lounge and a spa. Project partners included James Fahy Design Associates, general contractor Platinum-LeChase, Lansing Engineering and Five Star Bank. Rents start at about $1,700 per month for a one-bedroom apartment.

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