November 11 - December 7, 2015

Digital Edition

Front Section

New York, NY TF Cornerstone arranged the signing of a long-term, 11,000 s/f retail lease with Artisanal Fromagerie Bistro, one of New York City’s top-rated French restaurants, at the owner/developer’s 387 Park Ave. South. The new transaction completes Winick Realty Group’s leasing efforts, on behalf of TF Cornerstone, for the retail portion of the 215,000…Read More

Denver, CO The $400 million venture  between The Bascom Group, LLC and funds managed by Oaktree Capital Management, L.P. acquired Axis at Nine Mile Station, a 336-unit multifamily community located at 3257 South Parker Rd.   Terrance Hunt and Jeff Hawks of ARA Newmark represented the seller on the transaction. The debt financing was sourced by…Read More

Brooklyn, NY Tenants at several Brooklyn buildings are jazzed over musical performances hosted by Shamah Properties. Residents got treated to a jazz performance by The Albert Marques Jazz Group performed at One St. Paul’s Court in Ditmas Park in the building’s lobby. And several weeks ago, a harpist entertained residents with a classical music program….Read More

Orange, NJ Preservation Development Partners, a joint venture of developers Francine Kellman, Brian Raddock, Donald Capoccia, Joseph Ferrara and Brandon Baron, arranged the acquisition of Oakwood Towers, a senior care apartment complex. The rental property, located at 400 Oakwood Ave., was purchased for $21 million. The new owners have planned for an additional $8 million…Read More

Washington, DC Northridge Capital, LLC, an independent real estate asset management firm based in Washington, DC, revealed that a joint venture with Washington, DC-based, The Fortis Companies, closed on debt and equity financing for Pullman Place, a 42-unit luxury condominium project in the NoMa/H St. submarket. Pullman Place, a six-story building located at 911 2nd…Read More

Manhattan, NY GFI Realty Services, LLC arranged the sale of 508 West 136th St. located in the Hamilton Heights section of the borough.  The property, a six-story walk-up apartment building consisting of 25 units, traded for $6.725 million. Roni Abudi, managing director of GFI Realty Services, represented the seller and Sylvia Spielman, an investment sales…Read More

London, UK Savills has welcomed George Nicholas as the global head of its hotels teams. Based at the firm’s Margaret St. headquarters in London, he will lead the growth of the division across the European, Asia Pacific, Australian and US markets. Nicholas has 17 years experience in the global hotel investment industry and joins from…Read More

Suffern, NY Jim Brady has joined Castle Lanterra Properties (CLP) as vice president of property management and operations, according to Elie Rieder, founder and CEO of the privately-held real estate company. He brings more than two decades of real estate management experience to his new role with the N.Y.-based CLP. “His high principles and commitment…Read More

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