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Hampshire Properties Pulls in $115M Refinancing for Luxury Apartment Project
Real estate investment firm Hampshire Properties obtained $115 million to complete construction of its 302-unit apartment property in Midwood at 1277 E. 14th St. in Brooklyn, NY. The eight-story, 265,000-square-foot multifamily project is the largest...

Department of Records and Information Services Leases 132,000 SF at Brooklyn Complex
The Department of Records and Information Services signed a 132,000-square-foot lease at Industry City's Building 20 in Sunset Park, Brooklyn. Located at 167 41st St., the Department of Records' space will include warehouse and ancillary office and...

A&E Real Estate Holdings Picks Up Queens Apt. Portfolio for $127.5 Million
Locally-based multifamily investor A&E Real Estate Holdings purchased a 428-unit apartment portfolio in Queens for $127.5 million, or about $275,000 per unit. A&E acquired the three apartment complexes from a joint venture between Teaneck, NJ-based...

BRM Picks Up 47-Unit Apt. Complex in Brooklyn for $11.5 Million
Barberry Rose Management Co. (BRM) acquired a 47-unit apartment complex at 826 Crown St. in Brooklyn from a joint venture between East Coast Holdings and Sharp Management Corp. for $11.45 million, or about $244,000 per unit. Originally built in 1930...

Chestnut Holdings Plunks Down $55M for Retail Portfolio
Chestnut Holdings’ Jonathan Weiner is the new owner of a 19-property retail portfolio that spans Brooklyn and the Bronx, acquiring the assets from Larry Berkowitz’s LLB Properties. The portfolio totals 18 retail properties and a vacant lot in the outer...

Sentinel Pays $14.5 Million for 59-Unit Apt. Complex in Brooklyn
Locally-based Sentinel Real Estate Corp. acquired a 59-unit apartment complex at 140 Clarkson Ave. in Brooklyn, NY from a private investor for $14.49 million, or about $246,000 per unit. Originally built in 1931, the six-story building was owned by...

SNL Storage Acquires Greenwood Heights Warehouse in Redevelopment Play
SNL Storage, a developer of self-storage facilities in the outer boroughs of New York City, acquired a 16,577 square-foot warehouse building in Brooklyn, NY from Adel Rootstein USA for $6.5 million, or about $392 per square foot. Originally built in...

New York Office Rent Growth Continues Dismal Performance in First Half of 2018
The New York metropolitan area’s office rents have flat lined in the first half of 2018, following a nearly 1 percent dip in 2017. Recent performance is a far cry from the early years of the recovery, when annual gains topped 5 percent for five consecutive...

Annie Sez Retail Apparel Chain Gets Shrunk
The Annie Sez at the Pilgrim Shopping Plaza in Verona, NJ, is one of the stores closing in the next few months. It will be replaced by a Mandee shop, a sister brand.Credit: Linda Moss for CoStar Group Inc. Annie Sez, a regional women’s apparel chain...

Investor Buys Bloomingdale Plaza in Hicksville for $6.2M
South Broadway Holdings LLC sold the Bloomingdale Plaza shopping center at 750-764 S. Broadway in Hicksville, NY to a private investor for $6.2 million, or approximately $266 per square foot. The 23,341-square-foot building is approximately 85 percent...

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