Andrew Chung’s Innovo Property Group is making another big bet on an industrial project in the Bronx. The plan would be a windfall for owners Joshua and Jack Guttman, whose company, Pearl Realty Management, bought the site for $24 million in 2016. The Guttmans would remain part of the project as a lender. Jack Guttman did…
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Legal services firm Prime Clerk has expanded its lease at the former Liberty View Industrial Plaza in Sunset Park, Brooklyn, Commercial Observer has learned. David Junik, Steve Nadel, Mark Caso and Nechama Liberow of Pinnacle Realty represented the building. Read more at The Commercial Observer
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The New York City Department of Transportation is nearing a deal to lease a vacant 92,000-square-foot building at 101 Varick Avenue in East Williamsburg, Brooklyn, Commercial Observer has learned. David Junik and Abraham Lowy of Pinnacle Realty are handling the transaction for the landlord and declined to comment. Read more at Commercial Observer
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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. Pinnacle Realty’s George Margaronis and David Junik represented the buyer. Meridian Capital’s David…
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