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A joint venture of Goldman Sachs Asset Management and Blumenfeld Development Group is buying an industrial property in the Bronx for $38.5 million. . . .Read more
Himmel + Meringoff Properties, which made early bets on Long Island City in the 1980s, has turned its attention to the Bronx and acquired a mixed-use Bronx warehouse for $89 million. A Pinnacle Realty team led by Fred Stein, Decio Baio and George Margaronis represented both sides of the deal. . . .Read more
Owner and developer Himmel + Meringoff (H+M) and financier Square Mile Capital Management together have acquired a mixed-use industrial site in the Bronx for $89 million from Sackman Enterprises, according to information from the buyers.
Pinnacle Realty represented the seller in the transaction. Sackman had owned the asset for around 30 years, sources said.. . . Read more
Turnover among New York City’s commercial real estate brokerages is rarely labeled a “game changer.”
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W.B. Mason, the largest privately-held U.S. seller of office supplies, is opening its first distribution center in the city. The Brockton, Mass.-based company inked a 10-year lease for a total of 173,000 square feet on the site of one-story Bronx warehouse. . . .Read more
No one thought much of it when a two-story, 12,700-square-foot industrial building in Sunset Park, Brooklyn, went on the market late last year. In due course, a bidder appeared and discussions began; then the floodgates opened. . . .Read more