Northeast

Cambria Hotel & Suites Times Square Opens in Manhattan

by Amy Works November 25, 2015

NEW YORK CITY — Concord Hospitality and Choice Hotels has developed the 78,000-square-foot Cambria Hotel & Suites Times Square at 30 W. 46th St. in Manhattan. Designed by Gene Kaufman Architect, the 21-story, 196-room LEED-certified hotel is the largest Cambria hotel in the country. The guestrooms include private terraces for the second-floor rooms, and a refrigerator and flat-screen television. On-site amenities include a rear outdoor garden with lounge seating, a front outdoor area with tables and chairs, a 700-square-foot fitness center, a 24-hour business center, event facilities, dry cleaning and laundry services, and free WiFi. Additionally, the hotel features a 1,000-square-foot restaurant and a 500-square-foot bar/lounge designed by McGinley Design.

November 25, 2015

Multifamily New York Northeast

Marcus & Millichap Brokers Three Multifamily Sales in Brooklyn Totaling $7M

by Amy Works November 25, 2015

NEW YORK CITY — Marcus & Millichap has brokered the sales of three multifamily properties in Brooklyn totaling $7 million. In the first transaction, a limited liability company purchased an eight-unit apartment building, located at 371 Irving Ave. in Brooklyn, for $2.2 million. Shaun Riney, Thomas Shihadeh and Daniel Greenblatt of Marcus & Millichap’s Brooklyn office represented the seller, a private investor, and the buyer in the transaction. In the second deal, a limited liability company purchased a six-unit apartment building, located at 235 Wyckoff Ave. in Brooklyn, for $2 million. Riney, Shihadeh and Greenblatt represented the buyer and the seller, a limited liability company, in the deal. In the final transaction, a private investor acquired a three-unit apartment property, located at 701-703 Grand St. in Brooklyn, for $2.8 million. Riney, James Saros and Michael Salvatico of Marcus & Millichap’s Brooklyn office represented the buyer and the seller, a private investor, in the transaction.

November 25, 2015

Hospitality New York Northeast

Quadrum Global to Build 26-Story Hotel in Manhattan

by Amy Works November 25, 2015

NEW YORK CITY — Quadrum Global is planning to construct a hotel at at 351 W. 38th St. in Manhattan, a property the firm acquired last year. Marvel Architects will design the 26-story, 500-room hotel, which is situated within the boundaries of the Hudson Yards district. In addition to the site, Quadrum has the opportunity to acquire addition air rights at the site, which would allow for increased density. The firm has hired JLL’s Hotels & Hospitality Group to advise on the selection of hotel brand and operator to align with the hotel’s lifestyle amenities and services.

November 25, 2015

Connecticut Industrial Northeast

Fischer Real Estate Arranges $2.6M Sale of 14.4-Acre Land Parcel in Milford, Conn.

by Amy Works November 25, 2015

MILFORD, CONN. — A New York-based manufacturing company has acquired a 14.4-acre land parcel at 539 Oronoque Road in Milford. Arrow Realty LLC sold the property for $2.6 million. The buyer plans to renovate and add on to an existing 23,250-square-foot building and construct at least two industrial buildings to accommodate its growing business. Alan Fischer of Fischer Real Estate Inc. represented the seller and buyer in the transaction.

November 25, 2015