New York

Industrie Capital Partners Launches Leasing at 200,000 SF Office/Retail Project in Brooklyn

by Amy Works November 1, 2016

NEW YORK CITY — Industrie Capital Partners has launched leasing at Roulston House – Gowanus, an office and retail redevelopment in Brooklyn’s Gowanus district. The 200,000-square-foot building features 27,000-square-foot to 41,000-square-foot floorplates for technology, advertising, media and information tenants, as well as food and beverage retailers, and up to 70,000 square feet of ground-floor retail space. Designed by Morris Adjmi, the building also features four expansive roof-deck options with outdoor seating and views of the Brooklyn and Manhattan skylines, bike storage, shower facilities, common areas, interior lounges and parking. Redevelopment of the property is underway, with tenant fit-outs slated to start in late 2017.

November 1, 2016

Multifamily New York Northeast

Alpha Realty Facilitates $14.5M Sale of 37-Unit Apartment Building in Manhattan

by Amy Works November 1, 2016

NEW YORK CITY — Alpha Realty has brokered the sale of an apartment building located at 530 W. 136th St. in Manhattan’s Hamilton Heights section. Steeplechase Design acquired the six-story building from the Bejaktari family for $14.5 million, or $349 per square foot. The 41,520-square-foot building features 37 apartments in a mix of two-, three- and four-bedroom layouts and a ground-floor retail space occupied by a deli. Glenn Raff and Lev Mavashev of Alpha Realty represented the sellers, while Scott Schwartz, also of Alpha, represented the buyer.

November 1, 2016

Multifamily New York Northeast

TOWN Residential Brokers $7.9M Sale of 24-Unit Apartment Building in Manhattan

by Amy Works November 1, 2016

NEW YORK CITY — TOWN Residential has arranged the sale of a six-story residential building located at 445 W. 36th St. in Manhattan’s Hudson Yards district. 445 Dev Corp. sold the property to an undisclosed buyer for $7.9 million. The 8,214-square-foot property features 24 studio apartments; 22 of which of free market, with rents ranging from $1,700 to $2,250 per month. Tom Brady and Tricia Mader of TOWN Residential represented the seller in the deal.

November 1, 2016

Hospitality New York Northeast

Gene Kaufman Architect Designs 176-Room Aloft Long Island City-Manhattan View in Long Island City

by Amy Works October 31, 2016

NEW YORK CITY — Developed by Nissim Seliktar and designed by Gene Kaufman Architect, Aloft Long Island City-Manhattan View is slated to open in November. Located at 27-45 Jackson Ave. in Long Island City, the 18-story, 74,000-square-foot hotel will feature 176 rooms. The hotel also features W XYZ bar; Re:mix lounge; Re:fuel, a healthy snack bar; Re:charge gym; 1,500 square feet of meeting space; a pool; and a 1,700-square-foot ground-floor terrace.

October 31, 2016

New York Northeast Retail

Stalco Construction Completes 5,000 SF Expansion, Renovation in Holtsville, N.Y.

by Amy Works October 31, 2016

HOLTSVILLE, N.Y. — Stalco Construction, as construction manager, has completed the expansion and renovation of H.O. Penn’s parts and service departments and retail area at the company’s 42,000-square-foot building, located at 660 Union Ave. in Holtsville. The scope of the 5,000-square-foot project included relocating the entrance of the retail and parts departments, updating the reception lobby, the demolition of preexisting offices and retail area and the installation of a new storefront-type entrance, retail section, customer support counter and a new office for the department manager. Additionally, the renovated sales floor features seven desks for sales staff and a private manager’s office. The project team included Rosebery Architectural Studio, The Maude Group, 2 Gang Electric and KK Signs.

October 31, 2016

Loans New York Northeast Office Retail

Himmel + Meringoff Properties, The Swig Company Receive $200M in Financing for 8 Times Square

by Amy Works October 28, 2016

NEW YORK CITY — Himmel + Meringoff Properties and The Swig Company have received a $200 million mortgage loan for the refinancing of 8 Times Square, a 220,000-square-foot office and retail property located at 1460 Broadway in New York City. The loan was provided by Citigroup. The 16-story property offers 185,000 square feet of office space and 35,000 square feet of retail space. Current tenants of the property include WeWork and Foot Locker. Robert Sorin, Julianne Befeler, Chad Sandler and Jason Robinson of Fried Frank acted as counsel to the companies in the transaction.

October 28, 2016

Loans Multifamily New York Northeast

Equicap Secures $18M in Construction Financing for Condo Development on Upper East Side

by Amy Works October 28, 2016

NEW YORK CITY — Equicap has arranged $18 million in construction financing for a condominium development on Manhattan’s Upper East Side. Daniel Hilpert secured the bank financing for the borrower, a foreign developer, at a competitive interest rate.

October 28, 2016

New York Northeast Office

Cushman & Wakefield Negotiates $17M Sale of Medical Office Building in Manhattan

by Amy Works October 28, 2016

NEW YORK CITY — Cushman & Wakefield has facilitated the sale of a medical office building located at 407-409 E. 70th St. in Manhattan’s Upper East Side. An undisclosed buyer acquired the five-story building for $17 million, or $1,133 per square foot. The 15,000-square-foot property was sold by a group of doctors who practice in the building. Upon sale, the former owners inked a long-term leaseback for the space. Mitchell Levine, Guthrie Garvin and James Nelson of Cushman & Wakefield brokered the transaction.

October 28, 2016

New York Northeast Office

Oxford Properties, Crown Acquisitions Completes 175,000 SF Lease with NBA in Midtown Manhattan

by Amy Works October 27, 2016

NEW YORK CITY — Oxford Properties Group and Crown Acquisitions has completed a 175,000-square-foot lease extension through 2035 with the National Basketball Association (NBA) at Olympic Tower, located at 646 Fifth Ave. in Midtown Manhattan. The property owners plan to significantly modernize the office property’s lobby and public space to deliver a more engaging, customer-focused experience. Adam Frazier of Oxford, along with Paul Amrich, Howard Fiddle, Neil King and Patrice Meagher of CBRE, represented the owners, while Mary Ann Tighe, Gregory Tosko, Andrew Sussman and Munish Viralam of CBRE represented the tenant in the transaction.

October 27, 2016

New York Northeast Retail

The North Face Launches First Flagship Store in NYC on Fifth Avenue

by Amy Works October 26, 2016

NEW YORK CITY — The North Face has opened its first-ever flagship store in New York City. Located at 510 Fifth Ave., the 20,000-square-foot store offers an immersive brand experience for customers by bringing the beauty of outdoor exploration inside while inspiring customers to push their limits outside. The new store features a climbing wall; custom product available only at the Fifth Avenue location, including a limited edition Original Daypack collection, a collaboration with New Era; and on-site product customization featuring vintage and new collectible patches in partnership with Lot, Stock and Barrel. Additionally, the store has specialist associates on hand to assist customers with choosing technical apparel. This year marks the 50th anniversary of The North Face, which was founded in 1966.

October 26, 2016

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