Mixed-Use

MARCUS TEAMS UP WITH MANDEL GROUP ON BROOKFIELD APARTMENTS

by admin March 1, 2013

BROOKFIELD, WIS. — As part of an agreement with Marcus Corp., the Mandel Group will oversee the residential design, development and apartment leasing for The Corners of Brookfield, a $125 million mixed-use project. Approximately 150 luxury apartments will be built above the retail shops in the open-air, town-center-style development site in Brookfield. Upon completion, Mandel Property Services Inc., an affiliate of Mandel Group, will manage the leasing and operation of the upscale apartment community. The Corners of Brookfield is a 460,000-square-foot development in suburban Milwaukee that will be built on a 19-acre site at the intersection of I-94, Barker Road and Bluemound Road. Developers have targeted spring 2013 to start construction with a fall 2014 projected opening.

March 1, 2013

MASSEY KNAKAL ARRANGES THE SALE OF MIXED-USE BUILDING FOR $11.3M IN NYC

by admin February 28, 2013

NEW YORK CITY — Massey Knakal Realty Services has arranged the sale of a mixed-use building for $11.3 million. The six-story, 58,400-square-foot building, located on 103 Thayer St., includes 68 residential units and six retail units. Fort Tryon Park, home of the Cloisters Museum, is located across the street and provides tenants with outdoor amenities such as playgrounds, tennis courts, ball fields, hiking trails and a waterfront promenade. Robert Shapiro of Massey Knakal handed the transaction.

February 28, 2013

Mixed-Use Northeast

HOULIHAN-PARNES, Q10 ARRANGE $6M LOAN FOR MIXED-USE PROPERTY IN NEW YORK

by admin February 26, 2013

WHITE PLAINS, N.Y. — Houlihan-Parnes Realtors LLC and Q10 Realty Advisors LLC have arranged financing for 170 Hamilton Ave. in White Plains for $6 million. The mixed-use property includes 60,000 square feet of office and retail space with 16 tenants and is managed and leased by GHP Office Realty. The five-year loan was placed with a local bank at an interest rate of 4.25 percent with a 30-year amortization schedule. Bryan and James Houlihan of Houlihan-Parnes Realtors arranged the loan. Michael Karger of Madison Abstract arranged the title. Elizabeth Smith of Goldberg Weprin Finkel Goldstein LLP represented the borrower.

February 26, 2013

Mixed-Use Northeast

THREE-STORY, MIXED-USE BUILDING SELLS FOR $1.2M IN NEW JERSEY

by admin February 25, 2013

MORRISTOWN, N.J. — A three-story, mixed-use building has sold for $1.2 million in Morristown. The 5,000-square-foot property, which is located at 28 W. Park Place, includes two commercial units with office space on the top floor. A restaurant is leasing the ground-floor unit. The upper floors were vacant at the time of sale. New York City-based Massey Knakal arranged the sale.

February 25, 2013

Midwest Mixed-Use

CBRE NAMED LEASING AGENT FOR PARKWAY NORTH CENTER IN METRO CHICAGO

by admin February 22, 2013

DEERFIELD, ILL. — The John Buck Co. has hired CBRE Inc. to handle leasing for Parkway North Center in Deerfield, a northern suburb of Deerfield. The 1 million-square includes a Marriot Suites hotel, three office buildings, a daycare center and athletic club. Two of the buildings have vacancy rates of more than 50 percent. Parkway North Center is located at 3 Parkway N.

February 22, 2013

Mixed-Use Northeast

THOR EQUITIES PURCHASES SIX-STORY APARTMENT BUILDING FOR $17.2M

by admin February 22, 2013

NEW YORK CITY — Thor Equities has acquired 57-63 Greene Street, a 13,854-square-foot retail condominium for $17.2 million in New York City. The six-story building is located between Broome and Spring streets, neighboring top-tier fashion brands including Chanel, Ralph Lauren and Prada. Including this acquisition, Thor Equities has nearly 300,000 square feet in the SoHo district, New York City’s fashion retail epicenter.

February 22, 2013

Mixed-Use Northeast

STAN JOHNSON TO MARKET 1991 BROADWAY IN NEW YORK CITY

by admin February 22, 2013

NEW YORK CITY — The owner of 1991 Broadway in New York City’s Upper West Side has selected the Stan Johnson Company to market the Class A retail condominium. The building, which is vacant, is being offered for $39.5 million. The property is situated on Broadway between 67th and 68th streets and near the new Apple store and TD Bank.

February 22, 2013

Mixed-Use Southeast

$100M MIXED-USE PROJECT MOVES FORWARD IN CLAYTON COUNTY

by admin February 21, 2013

ATLANTA — The Development Authority of Clayton County and the Clayton County office of Economic Development will move forward with plans to develop the $100 million University Station Town Center, a live-work-play community four miles south of Hartsfield-Jackson Atlanta International airport. The 165,000-square-foot development will be located near the National and State Archives facilities. The project will include 100,000 square feet of retail, a hotel with up to 100 beds, a maximum of 50,000 square feet of office space, and up to 20,000 square feet of senior living space. The project is already home to a soundstage where several recent projects have been filmed, including the upcoming Scary Movie 5.

February 21, 2013

Mixed-Use Northeast

FORMER VERIZON BUILDING UNDERGOES $5M RENOVATION IN NEW YORK

by admin February 21, 2013

NEW YORK CITY — The eight-story 1175 Grand Concourse building, formerly known as the Verizon Building, has undergone $5 million in capital improvements. The 346,130-square-foot property has shifted from residential to commercial use and includes retail and office spaces. Houlihan-Parnes Realtors LLC and JJ Operating Inc. contributed the equity for the renovations after recently purchasing six of the eight floors. Verizon Wireless, which previously owned the entire building, has retained the two lower floors.

February 21, 2013

Mixed-Use Texas

WEITZMAN TO LEASE, MARKET SILVER LAKE CROSSINGS IN GRAPEVINE

by admin February 21, 2013

GRAPEVINE, TEXAS — The Weitzman Group has been named the exclusive agent to market pad sites at Silver Lakes Crossing, a mixed-use development under construction on a 52-acre site along State Highway 26 near State Highway 121 in Grapevine. Blake Shipp, Matt Baisch and Hank Wright of The Weitzman Group's Commercial Retail Division will handle the project's retail marketing. Silver Lakes Crossing will include two hotels (Courtyard and Towneplace Suites by Marriott), 46,500 square feet of restaurant space, a 5,800-square-foot gas station, office space, retail space, multifamily units and a six-acre lake with 1,700 square feet of lake side frontage.

February 21, 2013

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