The owner of a 7.3-acre site that houses a 202,000-square-foot Coca-Cola bottling plant in Queens’ Maspeth neighborhood is putting it on the market, sources told The Real Deal. The owner, Kaymac Corporation, hired Pinnacle Realty of New York to market the site as a potential development opportunity. Sources familiar with the site, located near the…
Read More
Madison Realty Capital is in contract to purchase a 3.5-acre property in Queens’ Hollis neighborhood for $78 million, sources familiar with the transaction told The Real Deal. The transaction would give them control of roughly 615,000 square feet of rentable office and industrial space, with tenants such as French Connection and Gotham Greens. A Pinnacle…
Read More
TRD’s ranking of the top 40 investment sales firms in NYC—which included closed investment sales of $1 million and up, ground leases and leasehold interests—found that those four firms racked up a combined $16.5 billion. CBRE had $6.7 billion in closed deals, Cushman had $4.6 billion, JLL had $3.2 billion, and Rosewood Realty Group…
Read More
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…
Read More