NEW YORK CITY — Locally based brokerage firm Rosewood Realty Group has negotiated the $8.9 million sale of a portfolio of three multifamily buildings totaling 28 units in Brooklyn’s Williamsburg neighborhood. The four-story building at 313 S. Fourth St. was built in 1915 and totals 12 units, and the two-building complex at 431-433 Wythe Ave. was constructed in 1920 and totals 16 units. Ben Khakshoor, Reoven Elharar and Alex Fuchs of Rosewood Realty represented the seller, a private investor, in the transaction and procured the buyer, Edifice Management.
NEW YORK CITY — Marcus & Millichap has brokered the $3.4 million sale of an eight-unit apartment building located at 923 Bedford Ave. in Brooklyn’s Clinton Hill neighborhood. The four-story building was originally constructed in 1901 and offers studio, one- and two-bedroom units. Daniel Greenblatt and Shaun Riney of Marcus & Millichap represented the seller, a family office, in the transaction and procured the buyer, an individual/personal trust.
CARLSTADT, N.J. — Seagis Property Group has purchased a 30,058-square-foot industrial building within Gotham Industrial Park in the Northern New Jersey community of Carlstadt. The building, which was vacant at the time of sale, sits on 1.5 acres and features a clear height of 16 feet, four loading docks and roughly 1,500 square feet of office space. Leo Josephs and Joshua Meisner of Leo Josephs & Co. represented Seagis, which plans to implement a value-add program, in the transaction. The seller and sales price were not disclosed.
NEW YORK CITY — IMA New York, a division of insurance brokerage firm IMA Financial Group, has signed a 10,000-square-foot office lease at 1155 Avenue of the Americas in Midtown Manhattan. The lease term is 10 years. The tenant will occupy space on the 33rd floor of the 42-story building. Howard Hersch and Brett Harvey of JLL represented the tenant in the lease negotiations. Tom Bow, Rocco Romeo and Nora Caliban internally represented the landlord, The Durst Organization, which recently completed a $130 million capital improvement program at the property.
MONTEBELLO, N.Y. — A partnership between owner-operator FilBen Group and Dallas-based private equity firm RSF Partners is nearing completion of Braemar at Montebello, a $54 million assisted living facility in New York’s Lower Hudson Valley region. The site is located near Good Samaritan Hospital — Suffern, as well as numerous commercial establishments. The property will span 133,675 square feet and will feature one- and two-bedroom units with an average size of 500 square feet, as well as an array of entertainment- and wellness-based amenities. H2M Architects + Engineers designed the project, and McAlpine Contracting is handling construction. M&T Bank provided a $34.8 million construction loan for the project, completion of which is scheduled for next year.
YORK, PA. — A division of home appliances and interior furnishings provider Middleby Residential has signed a 204,269-square-foot industrial lease in York, about 100 miles west of Philadelphia. Del Markward of Pennsylvania-based brokerage firm Markward Group represented the tenant in the lease negotiations. Cushman & Wakefield represented the landlord, an affiliate of Atlanta-based Core5 Industrial Partners. Brad Pope of Hailey Real Estate also assisted in closing the deal as a referring consultant.
BUFFALO, N.Y. — Locally based financial intermediary Largo Capital has arranged an $11.1 million first mortgage loan for the refinancing of a 150,000-square-foot office building in Buffalo. Jack Phillips of Largo Capital arranged the financing on behalf of the undisclosed buyer. The direct lender was not disclosed. The building was fully leased at the time of the loan closing.
MARLBOROUGH, MASS. — Locally based general contractor and construction management firm W.T. Rich has broken ground on a 17,000-square-foot academic building in the western Boston suburb of Marlborough. Designed by Finegold Alexander Architects, the project is a build-to-suit for Advanced Math & Science Academy Charter School and will house classroom and lab space. A completion date was not disclosed.
NEW YORK CITY — Bronx Community Health Network (BCHN) will open an 11,000-square-foot healthcare facility at 3763 White Plains Road. The two-story facility will offer outpatient medical, dental and behavioral health services. The opening is set for summer 2024. Project partners include DIGroupArchitecture, New York Engineers and Denham Wolf Real Estate Services.
BOSTON — Cottonwood Group, a Los Angeles-based private equity real estate firm, has provided $240 million loan for the refinancing of the St. Regis Residences, a luxury multifamily tower in Boston’s Seaport District. Built in 2022, the 22-story waterfront building houses 114 residences with private balconies and amenities such as a pool, spa, fitness center, lounge, concierge services and an onsite restaurant. The borrower was Boston-based Cronin Development.