Self-Storage Planned At Hamilton Heights

Atlanta-based self-storage developer Mequity has closed, for $15.6 million, on the acquisition of the seven-story, 40,593-square-foot commercial building at 465 West 150th Street, in Hamilton Heights. Continue Reading →

L+M, Tahl Propp Equities Nab $161M in Financing For Harlem Affordable Housing

L+M Development Partners and Tahl Propp Equities have closed on $161 million in construction financing for Lexington Gardens II, a 100 percent affordable housing project in East Harlem, Commercial Observer can first report. Continue Reading →

Castellan Sells 100-Unit Harlem Portfolio for $23M

Castellan Real Estate Partners has sold a five-building multifamily portfolio in Harlem for $23 million to real estate investment management firm Aulder Capital, Commercial Observer has learned.  Continue Reading →

Nortman Gets $10M Harlem Development Rights

Four months after buying a Harlem church for $28.5 million, Brooklyn landlord Haim Nortman has purchased 27,500 square feet of development rights from Fata Organization for $10.2 million, property records indicate. Continue Reading →

Harlem Building NBA Owned Snagged By L+M, Red Rooster

red rooster buidling in harlemL+M Development Partners and a co-owner of Red Rooster Harlem shelled out $21 million for the soul food restaurant’s home — a three-story office building owned by the National Basketball Players Association. Continue Reading →

Jeff Sutton Receives $95M Loan for Harlem Whole Foods Project

whoel foods on 125th streetCommercial Observer reports that Jeff Sutton owner of Wharton Properties has obtained a construction loan from Natixis Real Estate Capital to develop a 33,000 square foot retail property along 125th Street, Harlem’s busiest commercial thoroughfare, Mortgage Observer has first learned. Continue Reading →