City Urban Realty acquires mixed-use bldgs. for $5m

Michael Alvandi's City Urban Realty has paid $5 million for two mixed-use buildings in the Boerum Hill neighborhood of the borough. The adjacent properties, located at 574 and 576 Atlantic Ave. between Third and Fourth Ave. are within 500 ft. of the entrance of the Forest City Ratner Companies owned Barclays Center. They consist of six rental units and two retail shops. The properties were acquired directly from a private family in an off-market transaction. The area has seen retail and residential rents rise since the opening of the Barclays Center. "This is one of the most active neighborhoods in New York City in terms of new development. We believe the market will continue to improve and are happy to add these well located buildings to our portfolio," said Michael Alvandi, principal of City Urban Realty.

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Meridian Capital Group arranges 10-year retail lease for Mess at 236 West 10th St.

Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10^thSt. in Greenwich Village

Houlihan Lawrence Commercial sells residential development site for $2.1 million

Houlihan Lawrence sells development site for $2.1m

GFP Real Estate signs Knit Illustrated to 4,051 s/f five-year lease at 247 West 37th St.

GFP R.E. signs Knit Illustrated to 4,051 s/f at 247 West 37th St.

The Feil Organization signs 15-year, 46,000 s/f renewal with Thompson Coburn LLP at 488 Madison Ave.

Feil signs 46,000 s/f renewal with Thompson Coburn at 488 Madison Ave.

Cushman & Wakefield arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma, LLP

C&W arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma

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