REBusinessOnline.com

April 27, 2012

TWO BUILDINGS SELL FOR $11.4M IN GREENWICH VILLAGE
NEW YORK CITY — Massey Knakal has arranged the $11.4 million sale of three properties in Manhattan's Greenwich Village neighborhood. The sale includes 175-177 MacDougal St., two mixed-use buildings built in 1837. The building contains 10 apartments, two retail spaces and two commercial spaces. The third building is 179 MacDougal St., a one-story building with five retail tenants. The lower level once housed the former Bon Soir club, where Barbra Streisand launched her career. James Nelson of Massey Knakal Realty Services represented both the buyer, an investor, and seller, a long-term owner, in the deal.


HOMEWOOD SUITES OPENS LATEST NEW YORK HOTEL
BINGHAMTON, N.Y. — Homewood Suites by Hilton has opened a four-story hotel in Binghamton. The 79-room hotel is owned by Tom Bedosky and managed by JT LLC. Homewood Suites by Hilton Binghamton/Vestel offer studio, one- and two-bedroom suites. Guest amenities include an indoor pool, fitness center, sports court and nearby walking trails. Located at 3603 Vestal Parkway E., the hotel is minutes from Binghamton University campus and Lockheed Martin Owego.


EASTERN ARRANGES $34M REFINANCING LOAN FOR SKILLED NURSING PORTFOLIO
NEW YORK CITY — New York City-based Eastern Union Commercial has arranged a $34 million loan for the refinancing of a four-building, 580-bed nursing portfolio in New York and New Jersey. Three of the properties are fully operational, while the fourth, a 120-bed skilled nursing facility, is currently under construction. The project is expected to be completed at the end of 2012. Abraham Bergman of Eastern Union secured the 5-year loan through M&T Bank. The borrower is a privately held nursing home owner and management company.


ZT GROUP INKS OFFICE LEASE IN SECAUCUS
SECAUCUS, N.J. — ZT Group International has signed a 23,451-square-foot office lease at 333 Meadowlands Parkway in Secaucus. ZT Group provides server solutions for large-scale data centers. With the transaction, the 138,000-square-foot office building is now 90 percent leased. Frank Lopriore of Colliers International represented the tenant in the transaction. The owner, Bergman Real Estate Group, was represented in-house.

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