Commercial Observer Archives - Harlem World Magazine

Real Estate Entrepreneur R. Donahue Peebles Jr. Named To CO’s Power 100 List

R. Donahue Peebles Jr., Chairman, and CEO of The Peebles Corporation has been named to the Commercial Observer’s 2020 Power List 100 and graces the cover celebrating his achievement. Continue reading

Supermarket Secures 15-Year Lease In Harlem

Patch reports that a supermarket chain has secured a 15-year lease to open a new store in the Alhambra Building in Harlem, according to reports.Continue reading

For $17.4M Six Rent-Stabilized Harlem Buildings Change Hands

Patch reports that six rent-stabilized apartment buildings on the same Harlem block have changes hands in a multimillion-dollar land deal, according to reportsContinue reading

Self-Storage Planned At Hamilton Heights

Atlanta-based self-storage developer Mequity has closed, for $15.6 million, on the acquisition of the seven-story, 40,593-square-foot commercial building at 465 West 150th Street, in Hamilton Heights.Continue reading

L+M, Tahl Propp Equities Nab $161M in Financing For Harlem Affordable Housing

L+M Development Partners and Tahl Propp Equities have closed on $161 million in construction financing for Lexington Gardens II, a 100 percent affordable housing project in East Harlem, Commercial Observer can first report.Continue reading

Castellan Sells 100-Unit Harlem Portfolio for $23M

Castellan Real Estate Partners has sold a five-building multifamily portfolio in Harlem for $23 million to real estate investment management firm Aulder Capital, Commercial Observer has learned. Continue reading

Nortman Gets $10M Harlem Development Rights

Four months after buying a Harlem church for $28.5 million, Brooklyn landlord Haim Nortman has purchased 27,500 square feet of development rights from Fata Organization for $10.2 million, property records indicate.Continue reading

Harlem Building NBA Owned Snagged By L+M, Red Rooster

L+M Development Partners and a co-owner of Red Rooster Harlem shelled out $21 million for the soul food restaurant’s home — a three-story office building owned by the National Basketball Players Association.Continue reading

Jeff Sutton Receives $95M Loan for Harlem Whole Foods Project

Commercial Observer reports that Jeff Sutton owner of Wharton Properties has obtained a construction loan from Natixis Real Estate Capital to develop a 33,000 square foot retail property along 125th Street, Harlem’s busiest commercial thoroughfare, Mortgage Observer has first learned.Continue reading