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Jehovah"s Witnesses jettisons Brooklyn development site for $2.45 million

A 4,000-square-foot religious facility in Crown Heights, Brooklyn, saw a lot of bidding activity before a deep-pocketed investor signed a deal with a $2.45 million offer. That's according to Jonathan Berman, a broker with New York-based Ariel Proper.....»»

Category: topSource: bizjournalsMay 16th, 2019

ON THE SCENE: Ariel to sell 2 MIH properties, Focus Property Group buys Brooklyn church

AGENTS  Ariel Property Advisors has been exclusively retained to sell 173-175 McGuinness Boulevard, a development site in the Brooklyn neighborhood of Greenpoint. The asking price is $5.4 million. The 50 by 100 ft. irregular site is situat.....»»

Category: realestateSource: realestateweeklyAug 30th, 2018

Former Huffy HQ acquired for $1.5M

The plans to renovate the former site of Huffy's headquarters are moving ahead. The facility at 6551 Centerville Business Parkway in Centerville was recently acquired by Beavercreek-based Synergy & Mills Development for $1.5 million, according to Mo.....»»

Category: topSource: bizjournalsJul 26th, 2019

$10M hotel build-out planned for Brooklyn

Baywood Hotels received a permit Wednesday for the $10 million buildout of a seven-story hotel in Brooklyn. The permit for the 136-room hotel was granted to Larry Rojas, who is listed as the director of development at Baywood Hotels Inc. The Maryland-.....»»

Category: topSource: bizjournalsJul 11th, 2019

New York group puts Gulch site under contract

A New York-based development group has a high-profile Gulch site under contract. Citing anonymous sources, Nashville Post reports that the undisclosed group will pay more than $13 million for the 1.28-acre site at 645 Division St.  Nashville rea.....»»

Category: topSource: bizjournalsMay 29th, 2019

MRC antes up $30M for XIN

Madison Realty Capital (MRC) provided a $30 million first mortgage loan collateralized by a mixed-use development site at 135-35 Northern Boulevard in Flushing, Queens. The financing allows Xinyuan Real Estate (XIN) to proceed with its plans.....»»

Category: realestateSource: realestateweeklyMay 24th, 2019

Plans take shape for $344 million mixed-use development outside Bowie

An effort to bring a $344 million mixed-use development to a 381-acre site near Bowie has won key backing from Prince George’s County officials. The County Council unanimously signed off Tuesday on a plan to issue up to $33 million in bonds designe.....»»

Category: topSource: bizjournalsMay 16th, 2019

State considering $10 million grant for former convention center site in downtown Albany

New York's economic development agency this morning will consider approving a major grant for Capitalize Albany Corp. to buy land in downtown Albany where a convention center was originally planned......»»

Category: topSource: bizjournalsMay 16th, 2019

Prime Beverly Hills development site sells for $130 million to New York developer

A long-vacant prime lot on Wilshire Bouleva.....»»

Category: topSource: latimesMay 8th, 2019

Khiron Life Sciences Reports 2018 Fiscal Year End Results and Provides Corporate Update

Secured approximately $40 million of investment capital for cultivation site construction, product development and d.....»»

Category: earningsSource: benzingaMay 1st, 2019

Sources: Amazon will buy big Bellevue development site Tuesday

The sale, expected for months, is a definitive sign that Seattle-headquartered Amazon has big plans for Bellevue, where it has leased more than 1 million square feet of office space in two existing buildings and a future tower......»»

Category: topSource: bizjournalsApr 22nd, 2019

Phoenix Council set to hear downtown transit center redevelopment plans

A subsidiary of Houston-based Medistar Corp. was the chosen developer for the project that would bring 1.1 million square feet of development to the site. Council is set to consider the project April 17......»»

Category: topSource: bizjournalsApr 15th, 2019

Slate lends through SCALE for Brooklyn development

SCALE Lending announced the closing of a $35 million construction loan for a residential de.....»»

Category: realestateSource: realestateweeklyMar 13th, 2019

Developers secure $65M loan to buy Astoria waterfront site for apartment project

Another large residential development is heading for the Astoria waterfront. Cape Advisors and Wainbridge Capital have secured $65 million in financing to acquire 30-77 Vernon Boulevard to build 770 apartments. Zoned for .....»»

Category: realestateSource: realestateweeklyApr 26th, 2018

ON THE SCENE: Tribeca office building sells for $8.7M; Astoria development site snapped up for $4.3 million

AGENTS Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of two prime office/flex buildings located in Woodbury, New York. The firm is currently taking offers for both properties. Thomas A. Donovan, Benjamin Efraimov.....»»

Category: realestateSource: realestateweeklyApr 26th, 2018

Muss, HomeFed lock down $198M to refinance Brooklyn office condo

Muss Development and HomeFed Corporation have refinanced their leasehold on the office portion of Brooklyn Renaissance Plaza with a $198.3 million CMBS loan from CGA Capital. Berkadia.....»»

Category: realestateSource: realestateweeklyApr 11th, 2018

Cape, Wainbridge secure $65M for Astoria purchase

Cape Advisors and Wainbridge Capital have secured a $65 million first mortgage to finance their acquisition of a block-through waterfront development site in Astoria, Queens. Mack Real Estate Credit.....»»

Category: realestateSource: realestateweeklyMay 2nd, 2018

Israeli developer Minrav acquires Kips Bay property site for $64 million

Israeli real estate investment and development firm Minrav Development has completed a $64 million purchase of a site in Manhattan's Kips Bay neighborhood. Per The Real Deal, the development site — located at 368 Third Ave. — consists of 116,00.....»»

Category: topSource: bizjournalsMay 2nd, 2018

National model for co-locating housing and healthcare opens in Brooklyn

CAMBA Housing Ventures (CHV) and CAMBA have opened CAMBA Gardens Phase II (CGII), the $100 million LEED Gold sustainable, supportive, and affordable housing development in the Wingate section of Brooklyn. A national model for co-locating .....»»

Category: realestateSource: realestateweeklyMay 7th, 2018

Developer to bring $66M development to Camelback light rail site

A developer is slated to pay $110,000 for just under a quarter acre of land in Phoenix with plans to bring a $66.3 million new development to Camelback Road and 17th Avenue. The land is owned by the city and sits on Metro light rail in west Phoenix. It i.....»»

Category: topSource: bizjournalsMay 16th, 2018

Selling Points: DH Properties invests in Red Hook, Robert Towers sell in NJ

● CPEX DH Properties makes industrial investment in Red Hook CPEX Real Estate’s Brooklyn Development & Conversion Team has arranged the ground lease of an 88,000 s/f industrial site in Red Hook, Brooklyn. The site, located at 537-555 Columbia S.....»»

Category: realestateSource: realestateweeklyMay 30th, 2018