The Carlyle Group and Z+G Property Group have jointly acquired 8 Marcy Ave, an eight-story luxury rental building in Williamsburg, Brooklyn for $97.5 million. Developed by Prospect Development, the 123 unit property consists of market-rate and affordable apartments which were fully leased within three months as well as two commercial units that are also occupied. JLL represented the seller with a team led by Ethan Stanton along with Jeffrey Julien, Brendan Maddigan, Stephen Palmese Rob Hinckley Michael Mazzara Winfield Clifford Steven Rutman and Jay Leshinsky while Invesco Real Estate provided acquisition financing of $73.6 million to the buyer group.
“120 Wall St. Welcomes New Location for German American Chamber of Commerce”
Silverstein Properties and the German American Chamber of Commerce in New York (GACC NY) have reached an agreement for GACC
Steve Griffin
February 10, 2025
