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One West Bank Lends on $42M Calif. Industrial Acquisition

Source: Commercial Observer An affiliate of Angelo Gordon & Co. and partner Crowsnest Properties refinanced an industrial business park called the Cerritos Corporate Center, in Cerritos, Calif., with $30 million from Pasadena, Calif.-based One West Bank. The 460,356-square-foot asset is located at 13810-13950 Cerritos Corporate Drive. The partnership purchased the property for $42.4 million last [...]

Penthouse Office Condo at 277 Park Ave Hits the Market

Source: Commercial Observer For the first time in half a century, the 50,000-square-foot duplex penthouse office condominium at 277 Park Avenue is available for lease, Commercial Observer has learned. The space, located on the 49th and 50th floors of the building, has been occupied by Continental Grain Company, which is consolidating operations and moving to [...]

West Side Development Site Trades for $43M

Source: Commercial Observer Elad Group has acquired the 20,030-square-foot vacant lot at 505-513 West 43rd Street from Rhode Island-based Magna Hospitality Group for $43 million, according to city property records. Robert Indeglia, the president and chief executive officer of Magna Hospitality, confirmed the sale in an email to Commercial Observer. As previously reported, the site [...]

Marcus & Millichap Lists $14.5M East Williamsburg Loft Apartment Building

Source: Commercial Observer Marcus & Millichap is asking $14.5 million, or $450 per square foot, for a 25-unit, 32,228-square-foot converted loft rental apartment building at a former factory at 60 Stagg Street in East Williamsburg, Brooklyn, Commercial Observer has learned. Shaun Riney, James Saros, and Michael Salvatico of Marcus & Millichap’s Brooklyn office are marketing [...]

Jack Terzi Featured in New York Post’s Page Six Column, titled “Kardashians continue their New York takeover”

Jack Terzi was recently featured in The New York Post’s Page Six column entitled “Kardashians continue their New York takeover“. The reality TV sisters Kourtney and Khloe Kardashian are looking to make New York the home base of their business with a huge, “full-concept Kardashian lifestyle experience”, according to New York Post. The sisters descended [...]