As the pandemic pushed New York’s commercial real estate market into unknown territory, many brokerages held their breath. Not Pinnacle Realty. “We founded our company back in 2009 during the financial crisis,” said James Tack, one of Pinnacle’s six founding partners. The firm celebrated its 10th anniversary last year. Read more at The Real Deal
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A tight hustle: TRD’s annual tally of the city’s biggest investment sales firms It’s not every year that a landmark piece of Manhattan’s skyline trades hands. But that’s what happened last spring when trophy collector Aby Rosen and his partners gained control of the famed Chrysler Building in April. Even more eye popping was…
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NEW YORK CITY – Innovo Property Group, a New York City-based real estate investment and operating company, has acquired 511 Barry St., a 140,000-square-foot warehouse in the Hunts Point neighborhood of the Bronx for $54 million. Granite Point Mortgage Trust Inc., a Pine River Capital managed company, loaned $46 million for the acquisition. 511 Barry…
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Pinnacle Realty of New York announced the following transaction. The prolific industrial real estate investor Innovo Property Group has made a $55 million purchase in the Bronx. The firm is in contract to acquire 511 Barry St., a roughly 135,000 square foot refrigerated warehouse in Hunts Points that could cater to the concentration of food-related…
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