Patch reports that a supermarket chain has secured a 15-year lease to open a new store in the Alhambra Building in Harlem, according to reports. Continue Reading →
Tag Archives: Commercial Observer
For $17.4M Six Rent-Stabilized Harlem Buildings Change Hands
Patch reports that six rent-stabilized apartment buildings on the same Harlem block have changes hands in a multimillion-dollar land deal, according to reports Continue Reading →
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
L+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
Commercial 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 →