Ranking the city’s leading brokerages after one of the toughest years this cycle
Published on Monday, March 09, 2020 | posted by
Investment sales ranking: Who crushed it and who got crushed?
Published on Thursday, February 01, 2018 | posted by
Turnover among New York City’s commercial real estate brokerages is rarely labeled a “game changer.”
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These were the biggest Queens deals of the third quarter
Published on Thursday, October 19, 2017 | posted by
The $78 million sale of Jamaica’s Ideal Business Center topped the list. It was followed by Home Depot’s $63 million purchase of a Coca-Cola bottling plant
in Maspeth. And a pair of industrial sites near JFK Airport that Deutsche Bank’s real estate arm bought for $43.1 million and $33.6 million occupied
numbers three and four on the list.
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Bottle shock: Home Depot buys 7-acre Coca-Cola site for $63M
Published on Wednesday, August 23, 2017 | posted by
Home Depot pick up a 7.3 acre site that houses a Coca-Cola bottling plant in Queens' Maspeth neighborhood for $63 million, sources told the Real Deal. Kaymac had hired a Pinnacle Realty team led by David Junik, Decio Baio and James Tack to market the sale in March, when sources had pegged it to sell north of $70 million.The site, located near the Long Island Expressway, offers 316,200 buildable square feet. . . .
Read moreMadison partners with Artemis on $78M Jamaica buy
Published on Wednesday, July 26, 2017 | posted by
The properties at 184-10 and 184-60 Jamaica Avenue span 613,000 square feet and are around 80 percent leased, Crain’s reported. The buyers landed an acquisition
loan from private equity firm KKR.
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Yoel Goldman, Hakim partner with PMG on one of Gowanus' biggest vacant sites
Published on Tuesday, July 25, 2017 | posted by
Yoel Goldman and the Hakim Organization have joined Property Markets Group in its purchase of one of the largest vacant sites in Gowanus, The Real Deal has learned. . . .
Read more7-acre site of Coca-Cola plant in Queens hitting the market
Published on Wednesday, March 22, 2017 | posted by
The owner of a 7.3-acre site that houses a 202,000-square-foot Coca-Cola bottling plant in Queens’ Maspeth neighborhood is putting it on the market, sources
told The Real Deal.
The owner, Kaymac Corporation, hired Pinnacle Realty of New York to market the site as a potential development opportunity. Sources familiar with the site, located near the Long Island Expressway, said it could sell for between $70 million and $75 million.
Pinnacle Realty’s Decio Baio, David Junik and James Tack are representing the owner. The brokers declined to comment, while Kaymac and Coca-Cola did not respond.
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The owner, Kaymac Corporation, hired Pinnacle Realty of New York to market the site as a potential development opportunity. Sources familiar with the site, located near the Long Island Expressway, said it could sell for between $70 million and $75 million.
Pinnacle Realty’s Decio Baio, David Junik and James Tack are representing the owner. The brokers declined to comment, while Kaymac and Coca-Cola did not respond.
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Madison Realty Capital beds down in Queens with $78M deal
Published on Tuesday, February 28, 2017 | posted by
Madison Realty Capital is in contract to purchase a 3.5-acre property in Queens’ Hollis neighborhood for $78 million, sources familiar with the transaction told The Real Deal. The transaction would give them control of roughly 615,000 square feet of rentable office and industrial space, with tenants such as French Connection and Gotham Greens. . . .
Read moreWharton Equity snaps up LIC office building for $24M
Published on Friday, January 20, 2017 | posted by
Larry Cerullo and Steve Tallides, owners of the popular sports bar and event space Studio Square in Long Island City, sold a nearby office property at 35-01 36th Street for $24 million, or $538 a square foot, sources told The Real Deal. . . .
Read moreShibber Khan's Criterion shopping large LIC dev site
Published on Wednesday, August 10, 2016 | posted by
Shibber Khan’s Criterion Group is looking to sell a massive, largely vacant Long Island City development site just a year after buying it, sources
told The Real Deal.
“There is an uptick in demand in Long Island City for office space — from companies looking to relocate and end users that want to purchase their
own headquarters space,” said Pinnacle Realty’s TRData LogoTINY David Junik, who is marketing the site along
with his colleague Decio Baio.
Junik added the site could benefit from a residential rezoning
of the area, as a result of the Long Island City Core Neighborhood Planning Study currently being conducted by the Department of City Planning.
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