News

Cushman & Wakefield is marketing 217-14 24th Ave., a 64,810-square-foot development site in Bayside, Queens, on behalf of A.Real Yyz L.P. The 1.5-acre development site has over 250 feet of frontage on Little Neck Bay in Queens.

The expansion of the Hudson-Bergen Light Rail's West Side Avenue Branch will add a new station that officials believe will encourage growth along the Hackensack River waterfront.

The funding under the Special Needs Housing Subsidy Loan Program is the first major new funding source in seven years to provide supportive and affordable housing opportunities statewide.

The joint-venture partnership purchased the Residence Inn by Marriott Herndon Reston for $17.25 million in an off-market transaction.

Construction financing and joint venture equity was recently arranged for the Montrose Collective, a four-building mixed-use development with 150,000 square feet of creative office/retail space.

The portfolio consists of more than 1.9 million square feet of space across 11 of the 19 Chicago submarkets. Capital One provided the debt financing for the acquisition. Venture One will continue to manage the portfolio.

The firms secured a three-year, floating-rate loan with Wells Fargo Bank for Park 100 Logistics Center, a newly constructed 730,080-square-foot distribution facility and an adjacent 811,200-square-foot production facility that is under construction.

MiSUMi USA plans to take occupancy of its new space in June of this year. The firm is relocating from 1717 Penny Lane in Schaumburg, where it currently leases 32,000 square feet.