Steel Equities – the Long Island-based investor that focuses on industrial and warehouse projects – picked up a Bushwick property for $53 million. Representatives for Steel Equities and the sellers could not be immediately reached for comment. Pinnacle Realty’s David Junik and Decio Baio represented both sides in the transaction. The brokers declined to comment….
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Storage company Madison Development has purchased two sites in East New York for $25.3 million, according to property records filed with the city Friday. The sites at 554 and 578 Cozine Avenue, David Junik who did the deal, span two full city blocks, and they both contain one-story industrial buildings, which are not adjacent. Read…
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Turnover among New York City’s commercial real estate brokerages is rarely labeled a “game changer.” But when the city’s top investment sales firms experienced one of the biggest team moves to date in October 2016, the industry grappled with a fundamental question: What matters more, the platform or the people? Read more at The Real…
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Pfizer sold the last remaining piece of its development site at Brooklyn’s Broadway Triangle. Developer Abraham Brach paid $27.5 million for the property and is planning a residential-and-community facility building for the Orthodox Jewish community, sources told The Real Deal. Pinnacle Realty’s Abraham Lowy represented Brach, while Cushman & Wakefield’s Frank Frizalone represented Pfizer. …
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