NEW YORK CITY — Rockrose Development has received a $65 million mortgage refinance loan for a residential rental building located at 100 Jane St. in Manhattan’s West Village. Andrew Singer and Kathleen McSharry of The Singer & Bassuk Organization arranged the financing, which was provided by Wells Fargo. Acquired in 1981, the nine-story building features 123,646 square feet, 148 residential units, a fitness center, roof deck and landscaped interior courtyard.
NEW YORK CITY — Rosewood Realty Group has brokered the sale of a four-building retail portfolio in the Homecrest neighborhood of Brooklyn. Embkay by Select LLC sold the contiguous buildings to 325 Realty Inc. for $12.1 million. The 19,300-square-foot portfolio comprises 1805-1811, 1815 and 1817 Avenue U and 2073-2075 E. 18th St. Michael Guttman of Rosewood Realty represented the seller, while Guttman and Jacob Setton, also of Rosewood Realty, represented the buyer in the deal.
NEW YORK CITY — Eastern Union Funding has arranged a $10.3 million acquisition loan on behalf of ABJ Properties for its $16 million purchase of a multifamily portfolio in Harlem. The six-building portfolio comprises 82 apartments and six retail spaces. The properties are located at 53-55 W. 130th St., 165 W. 122nd St., 56 W. 127th St., 2401 Adam Clayton Powell Jr. Blvd., and 342 and 346 Lenox Ave. Meir Kessner and Ira Zlotowitz of Eastern Union Funding secured the loan, which was provided by Customers Bank.
NEW YORK CITY — Barone Management, as developer, has opened a Marriott Fairfield Inn & Suites, located at 538 W. 58th St. in New York City. Designed by Gene Kaufman Architect, the 85,000-square-foot hotel features 226 rooms in two seemingly separate structures — an 18-story tower and an adjoining 10-story building, which are recessed from the street at different depths. The hotel features a below-grade ground floor and lobby, an office center, fitness center, breakfast bar and a sunken entryway with a 2,300-square-foot landscaped plaza.
MIDDLETOWN, N.Y. — Cushman & Wakefield has arranged the sale of an office building located at 85 Crystal Run Road in Middletown. A private equity group acquired the 164,070-square-foot Class A property from an affiliate of Madison International Realty and its operating partner for an undisclosed price. Situated on 21 acres, the four-story property serves as the corporate accounts services location for Empire Blue Cross Blue Shield. The building features ample parking, multiple on-grade entryways, a naturally-lit atrium lobby, cafeteria and fitness center infrastructure. Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, Frank DiTommaso and Andrew Schwartz of Cushman & Wakefield represented the seller and procured the buyer.
NEW YORK CITY — Thor Equities has started the site work for Red Hoek Point, a 7.7-acre waterfront office campus located in Brooklyn’s Red Hook neighborhood. Designed by Foster + Partners, the project will feature two heavy timber buildings totaling 795,000 square feet of creative office space on three levels and 23,000 square feet of retail and restaurant space. Additionally, the design features 125,000-square-foot open floor plates. Additional amenities at the office campus will include a central open courtyard, a 1.8-acre green rooftop on each building, walking/meeting trails, bike valet, on-site underground parking and a kayak launch. The site is surrounded by water on three sides and offers clear views of the Statue of Liberty and Lower Manhattan.
NEW YORK CITY — SL Green Realty Corp. has broken ground on One Vanderbilt, a 58-story office tower located in Manhattan’s East Midtown business district. Designed by Kohn Pederson Fox Associates, tower will offer 1.7 million square feet of Class A office space. The project also includes $220 million of public improvements to Grand Central Terminal, which is adjacent to the tower. TD Bank is set to occupy 200,000 square feet of office and retail space at the property, upon its completion in 2020. Hines is serving as development manager and AECOM’s Tishman Construction is serving as construction manager.
VOORHEES, N.J. — An entity related to Interstate Commercial Real Estate Inc. has acquired Laurelwood Corporate Center, an office building located at Haddonfield-Berlin and Laurel Oak Road in Voorhees. Quaker Commercial Properties sold the property for $6.8 million. The building offers 81,577 square feet of Class A office space. Evan Zweben, Jeff Algatt and Brian Sherlock of Colliers arranged the transaction. Additionally, Colliers has been retained by the buyer as its leasing agent for the property.
NEW YORK CITY — Ariel Property Advisors has arranged the sale of a multifamily building located at 392 15th St. in Brooklyn’s Park Slope neighborhood. A private investor sold the six-story property for $2.7 million. The 4,860-square-foot building features six apartment units: five two-bedroom apartments and one three-bedroom duplex. Five of the apartments are free-market units and one apartment is a rent-controlled unit. Mark Spinelli, Michael Tortorici, Shimon Shkury, Daniel Tropp and Jonathan Berman of Ariel Property Advisors represented the seller. The name of the buyer was not released.
HAMBURG, N.Y. — Monmouth Real Estate Investment Corp. has acquired an industrial building located at 3779 Lake Shore Road in Hamburg. An undisclosed seller sold the property for $35.1 million. Situated on 49 acres, the 338,584-square-foot facility is net leased for 15 years to FedEx Ground Packaging System Inc.