Northeast

GREEN APARTMENT COMMUNITY OPENS IN STAMFORD

by admin June 12, 2012

STAMFORD, CONN. — A joint venture between Jonathan Rose Cos. and Malkin Properties has opened a new apartment community called Metro Green Residences in Stamford. Perkins Eastman Architects designed the mixed-income development, which was built at the Stamford Transportation Center. The building includes 50 rental units. Of the total, 40 units will be marketed as affordable homes, while the remaining units will be market-rate apartments. The project also includes more than 1,600 square feet of retail space on the ground floor, adjacent to a plaza and rain garden. Amenities include a landscaped courtyard, gardening spaces and a meditation space. The development is the first phase of the Metro Green master plan, which will offer 283 mixed-income residential units and a 350,000-square-foot office tower.

June 12, 2012

DICKINSON DEVELOPMENT GETS 'OK' FOR DOVER LANDING

by admin June 12, 2012

DOVER, N.H. — The Cocheco Waterfront Development Committee has approved plans for a $65 million, mixed-use project known as Dover Landing. The 21-acre site hugs the Cocheco River and is located on a former public works yard. The first phase will include a 16,000-square-foot, two-story building that will include one or two restaurants on the ground floor and offices on the second floor. The project will also include three townhouse-style buildings. The first floors will feature office or retail with residences above. Construction will be completed in two phases from 2013 to 2016. Quincy, Mass-based Dickinson Development will develop the property.

June 12, 2012

Northeast Office

PEARL JEWELRY MAKER RENEWS LEASE AT 366 FIFTH AVENUE

by admin June 12, 2012

NEW YORK CITY — Jewelry producer Majorica has signed a 10-year office lease renewal at the New York Accessories Exchange building at 366 Fifth Ave. in New York City. Majorica makes organic pearl jewelry from the island of Majorca, Spain. Majorica is sold in department stores and jewelry stores across the U.S. and worldwide. The company leases 4,600 square feet on the fifth floor. Davidoff Malito & Hutcher LLP represented Majorica in the transaction. Rick Brickell of NYAE represented the landlord.

June 12, 2012

Northeast Office

HEALTH ADVANCES SIGNS 7-YEAR LEASE RENEWAL

by admin June 12, 2012

WESTON, MASS. — Health Advances has signed a 7-year lease renewal and expansion of its corporate headquarters on Nine Riverside Rd. in Weston. The healthcare strategy and consulting firm will increase its space by 9,907 square feet to a total of 31,832 square feet. John Boyle and Michael O’Leary of Cassidy Turley FHO represented Health Advances in the transaction. Andrew Majewski and Matthew Siciliano of CBRE/New England represented the landlord.

June 12, 2012

Northeast Office

PACIFIC CONTROLS BUYS SOMERSET OFFICE PROPERTY

by admin June 12, 2012

SOMERSET, N.J. — Pacific Controls Inc. has purchased 100 Franklin Square Dr., a 108,410-square-foot office building in Somerset. Pacific Controls, a communication technology company, plans to occupy vacant space on the top two floors of the property. The Class B property is 33 percent leased. Shawn Straka of Jones Lang LaSalle represented Pacific Controls in the transaction.

June 12, 2012

Multifamily Northeast

UPPER EAST SIDE APARTMENT BUILDING TRADES FOR $6.3M

by admin June 11, 2012

NEW YORK CITY — An 11,838-square-foot apartment building in New York's Upper East Side at 225 East 82nd St. has sold for $6.3 million to Erez Itzhaki and Gil Boosidan. The 27-unit property has undergone major renovations including a refurbished roof, new elevator cabs and repainted hallways. Azita Aghravi of Eastern Consolidated represented the seller, a long-term owner, in the transaction. Alan Miller, also of Eastern Consolidated, represented the buyer.

June 11, 2012

Industrial Northeast

FLORENCE BUILDING MATERIALS ADDS WAREHOUSE

by admin June 11, 2012

HUNTINGTON, N.Y. — Stalco International Group has completed construction of a 12,000-square-foot industrial facility at 1674 East Jericho Turnpike in Huntington. Florence Building Materials, a roofing and siding distributor, will use the building for warehousing. The one-story facility is connected by two pre-existing buildings: an office structure and another storage building. Baldassano Architecture served as the architect and mechanical, electrical and plumbing engineer for the project.

June 11, 2012

Mixed-Use Northeast

GWATHMEY REVEALS DESIGNS FOR 1.2M SF MIXED-USE PROJECT IN JERSEY CITY

by admin June 11, 2012

JERSEY CITY, N.J. — Gwathmey Siegel Kaufman + Associates has been selected to design a 1.2 million-square-foot, mixed-use project at 70-90 Columbus in Jersey City. The design includes two, 50-story towers and the plan will be presented to the community board later this month. Ironstate Development and Panepinto Properties have partnered to develop the property, which is slated to include 1,000 rental residences, a 150-room hotel and retail space. The towers will be adjacent to 50 Columbus, a 36-story rental building completed by the joint venture partners in 2007.

June 11, 2012

Northeast Office

TECH FIRM JOINS 80 BROAD ST. IN NYC

by admin June 11, 2012

NEW YORK CITY — Technology firm Kenshoo Inc. has signed a 6-year lease for 10,210 square feet of office space at 80 Broad St. in New York City. Hal Stein, Adam Leshowitz and Todd Stracci of Newmark Grubb Knight Frank represented the landlord, an affiliate of Savanna, in the transaction. Ruth Colp-Haber of Wharton Property Advisors represented the tenant.

June 11, 2012

Multifamily Northeast

MANUFACTURED HOUSING COMMUNITY SECURES $8.2M LOAN

by admin June 11, 2012

WILDWOOD, N.J. — U.S. Realty Capital has arranged an $8.2 million non-recourse loan for the refinancing of a manufactured home community on Route 9, just outside of Wildwood. Built in 1997, the property includes 235 pad sites, a swimming pool, playground, basketball courts and a lake for fishing. U.S. Realty arranged the 7-year, fixed-rate loan through a regional bank. The loan contains a 30-year amortization schedule.

June 11, 2012

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