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06/05/2018
Atlantic Development Group Pays $11.1 Million for Redevelopment Site
Locally-based Atlantic Development Group purchased an 11,000-square-foot retail property at 1301-1331 Jerome Ave in Bronx, NY from Drinks Galore, Inc. for $11.1 million, or about $1,009 per square foot. The developer acquired the property, situated...

06/05/2018
San Francisco-Based Investor Acquires 37-Unit Apt. Complex in the Bronx
Prana Investments, a multifamily investor headquartered in San Francisco, acquired a 37-unit apartment complex at 2541 Aqueduct Ave in Bronx, NY from a private investor taking title as 2541 Aqueduct Associates LLC. The property traded for $6.31 million...

05/30/2018
Keurig Buys Land to Build $350 Million Roasting Plant in Upstate South Carolina
Keurig Green Mountain production facility. Image credit: Keurig Green Mountain Specialty coffee manufacturer Keurig Green Mountain, Inc. has unveiled plans to build a roasting and packaging facility in the Tyger River Industrial Park North in Moore...

05/22/2018
Whole Foods has a Whole Lot to do with Manhattan Rent Appreciation
The average monthly apartment rent in Manhattan is $3,840 per unit, or $5.07 per square foot, according to CoStar and Apartments.com records. But when you look at the 9,500 market-rate units that are located within one-tenth of a mile of a Whole Foods...

05/21/2018
Ginsburg Development, Robert Martin Secure Financing for Financial Center Redevelopment in White Plains
Ginsburg Development Companies LLC and Robert Martin Company LLC secured $120 million in acquisition and construction financing for its Westchester Financial Center at 50 Main St. and 1-11 Martine Ave. in White Plains, NY. David Krasnoff and Ryan Flannery...

05/21/2018
Owner Secures $53M Refi on Broadmoor Apartments in Hamden
The owners of the Broadmoor Apartments at 676 Mix Ave. in Hamden, CT have secured a $53 million loan to refinance existing debt on the property. Shaya Ackerman and Shaya Sonnenchein with the New York City office of Meridian Capital Group arranged the...

05/15/2018
Newmark Adds to Valuation/Advisory Practice with New Teams, Hires in NYC and Florida
Newmark Knight Frank (NKF) has announced the addition of two new valuation and advisory teams based in New York City and the Florida markets of Boca Raton and Miami. The newly formed Tri-State team includes industry veterans Matt Victor, Joe Ferranti...

05/14/2018
H&R REIT Agrees to Sell $633 Million U.S. Retail Portfolio
Pictured: A Home Depot in Strongsville, OH, one of 63 retail properties H&R REIT is expected to sell this June in a $633 million deal.Toronto-based H&R Real Estate Investment Trust said Monday it has entered into an agreement to sell 63 retail properties...

05/14/2018
Two Buildings Sell for $8.2M in Fairfield
Affiliates of Balise Automotive Realty LP acquired two adjacent flex buildings at 328 and 338 Commerce Dr. in Fairfield, CT for $8.2 million, or about $188 per square foot, from a local owner. The two assets total 43,507 square feet on 1.9 acres in...

05/09/2018
American Dream Meadowlands Remains Set for Spring 2019 Debut
Construction continues at the American Dream Meadowlands retail and entertainment site, though developers say the project could deliver soon.Credit: Triple Five Worldwide Long-awaited and long-delayed American Dream Meadowlands, a multi-billion dollar...

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