Freestone Property Group has announced the appointment of Prashanth Rayapudi as president. Rayapudi, who has been with Freestone since 2021, will lead the firm’s expansion strategies and focus on enhancing resident experiences in his new role. With over 25 years of experience, George Rupp has joined G4 Capital Partners LLC as managing director of Capital Formation and Investor Relations. In this position, Rupp will oversee the firm’s client franchise and investor partnerships while also managing existing bases and cultivating new relationships.
Sean Bryce is joining Greystone Monticello as director to focus on originating multifamily bridge loans. With 12 years of experience in commercial real estate debt investments from Voya Investment Management under his belt, Bryce will report to Eric Baum at Greystone Monticello.
LeFrak recently unveiled its latest rental offering called Bisby located in Jersey City’s Newport neighborhood following their signing for an additional 27,000 square feet of retail space. The building features a range from studios to four-bedroom penthouses totaling up to 385 homes with amenities such as a rooftop spanning over33 ,000 square feet including a pickleball court,a dog run , outdoor fitness space , sun deck , fire pit & outdoor kitchen w/ BBQ grills,coworking center & fitness center .
Focus Property Group (part JEMB Realty) launched leasing for One Park Point which is situated at Brooklyn’s Windsor Terrace . This13-story rental property offers375 units ranging between one- two bedroom homes featuring amenities like co-working spaces,two rooftop terraces,pizza oven,cold plunge pool,a library,kids playroom& landscaped courtyard.
Manhattan Neighborhood Network (MNN) acquired floors three&four(3rd &4th )of509 West38th Street where they planon turning it into media educationcenterin Hudson Yards.The NYC Centerfor Media Educationwill provide professional trainingand community resourceswith facilities and expert instructors. MNN has engaged Kostow Greenwood Architects to complete the architecture and interiors.
Choice Hotels International, Inc. is expanding its Everhome Suites brand with new groundbreakings in Portsmouth, New Hampshire; Rochester, New York; and Somerset, New Jersey,in collaboration with Highside Companies.With over 480 hotels openand400 propertiesinthe pipeline , Choice looks to cater to both businessand leisure travelers.
Larken Associates secured a3 ,082-square-foot medical office leasewith Center for Vein Restoration (CVR) at Montgomery Professional Center in Skillman,N.J.CVR,a vascular care provider,is expanding its services.LarkenAssociateswasrepresented by Victor Kelly of Raider Realty,the firm’sin-house brokerage team,and CVR was represented by Paragon Real Estate during the transaction.
Marcus & Millichap closed a $6.5 million sale ofa net-leased Wawa propertylocated in Lakehurst ,New Jersey.The property features a 20-year lease,built-in2023&16 fuel pumps along witha convenience store.Dougherty Scott Woodard Mark Krantz Nick Geaneotesof Marcus&Millichaphadthe exclusive listingto marketthepropertyonbehalfofthesellerwhileJohn Horowitz,BrokerofRecordforNewJerseyassistedinclosingthetransaction.
This week’s edition of People and Company News from Connect CRE brings exciting updates from various real estate companies across the Tri-State area. Freestone Property Group announced Prashanth Rayapudi as their new president who will lead expansion strategies while George Rupp joins G4 Capital Partners LLC as managing director overseeing client franchisee relationships alongside Sean Bryce joining Greystone Monticello as director focusing on multifamily bridge loans origination.Greystone Monticello also unveiled their latest rental offering called Bisby located within Newport neighborhood featuring amenities like pickleball court,dog run,sun deck,coworking center and fitness center. Focus Property Group launched leasing for One Park Point which features 375 units ranging from one to two bedroom homes with amenities like rooftop terraces,pizza oven,cold plunge pool,library,kids playroom& landscaped courtyard.
Manhattan Neighborhood Network (MNN) acquired floors three&four(3rd &4th )of509 West38th Street where they planon turning it into media educationcenterin Hudson Yards.The NYC Centerfor Media Educationwill provide professional trainingand community resourceswith facilities and expert instructors. MNN has engaged Kostow Greenwood Architects to complete the architecture and interiors.
Choice Hotels International, Inc. is expanding its Everhome Suites brand with new groundbreakings in Portsmouth, New Hampshire; Rochester, New York; and Somerset, New Jersey,in collaboration with Highside Companies.With over 480 hotels openand400 propertiesinthe pipeline , Choice looks to cater to both businessand leisure travelers.Larken Associates secured a3 ,082-square-foot medical office leasewith Center for Vein Restoration (CVR) at Montgomery Professional Center in Skillman,N.J.CVR,a vascular care provider,is expanding its services.LarkenAssociateswasrepresented by Victor Kelly of Raider Realty,the firm’sin-house brokerage team,and CVR was represented by Paragon Real Estate during the transaction.Marcus & Millichap closed a $6.5 million sale ofa net-leased Wawa propertylocated in Lakehurst ,New Jersey.The property features a 20-year lease,built-in2023&16 fuel pumps along witha convenience store.Dougherty Scott Woodard Mark Krantz Nick Geaneotesof Marcus&Millichaphadthe exclusive listingto marketthepropertyonbehalfofthesellerwhileJohn Horowitz,BrokerofRecordforNewJerseyassistedinclosingthetransaction.
