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Metropolitan Realty Associates and TH Real Estate complete $72 million sale

Queens, NY Metropolitan Realty Associates LLC (MRA), along with joint venture partner TH Real Estate, an affiliate of Nuveen, has sold COMMERCE LIC for $72 million to North River Co. Located at 48-49 35th St., the former Matsil Bros. industrial property in Long Island City was originally constructed in 1949. MRA paid $55 million for the three-story 246,000 s/f building in March 2017.

Thru the Lens: Cushman & Wakefield hosted a Women in Law Leadership Event

Manhattan, NY On December 11th, 2018, Cushman & Wakefield (C&W) hosted a Women in Law Leadership Event at the Durst Organization’s new event space at 4 Times Sq. Developed by C&W’s Legal Sector Advisory Group (LSAG) and Women’s Integrated Network (WIN), it was an opportunity to bring together a panel of law firm and in-house counsel leaders, both attorneys and executives, to share their life journeys, obstacles, and solutions that got them to where they are today.

Thru the Lens: YMWREA hosts November lunch, Zion of SL Green is guest speaker

Manhattan, NY On November 13th, YMWREA hosted Isaac Zion, co-chief investment officer of SL Green, as their guest speaker. Zion discussed his career path into commercial real estate, how he landed at SL Green, his view on the market and the complexities of putting together deals that lead to the development of One Vanderbilt.

NKF orchestrates $282 million sale of 114 West 41st St. to Clarion Partners

Manhattan, NY Newmark Knight Frank (NKF) has completed the $282 million sale of 114 West 41st St. (114W41) in Midtown’s Bryant Park submarket to Clarion Partners. On behalf of Blackstone and EQ Office, president James Kuhn, vice chairman Edward Maher, senior managing director David Colen and managing director James Tribble

YM/WREA hosts December lunch, names 2019 Board, chairman and honors Bernstein and Kleger

New York, NY On Tuesday, December 11th, YMWREA hosted their final luncheon of the year. The winners of the Young Professional of the Year and the Senior Professional of the Year awards were also honored. Alex Bernstein of Bernstein Real Estate recieved Young Professional Award, and Stan Kleger of Natlane Equities was honored with the Senior Professional Award.Additionally, the new Board of Governors and the newly elected chairman for 2019 were named. 

1.2-megawatt solar array completed in Brooklyn; design by Daroga Solar

Brooklyn, NY According to the New York State Energy and Research Development Authority, (NYSERDA) the largest community solar project in the...

Executive of the Month: As CEO of B+E, Renshaw and her team aim to help anyone confidently trade net lease

New York, NY The New York Real Estate Journal recently sat down with Camille Renshaw, CEO at B+E for a question and answer session. Q: Wh...

Multifamily: How New York apartment communities handle package deliveries - by Rick Haughey

Year after year, the number of purchases and amount of money spent online continues to soar. In fact, Cyber Monday 2018 surpassed projections and was the biggest online shopping day in U.S. history, according to Adobe Analytics.  So what does this mean for apartment communities? 

Message from CEO of BMNAR: Gault keeps his father’s memory alive - by Eliezer Rodriguez

A year ago, I wrote about the passing of Mr. Perry Gault four days before our Annual Holiday Party and Toy Drive. Mr. Gault served as president of Bronx Manhattan North Association Realtors (BMNAR) in 1995. He also led our Realtors Political Action Committee (RPAC) drive and was in charge of…

Chitnis of MCR speaks at B’nai B’rith Real Estate's December 12th luncheon meeting

Manhattan, NY Kaunteya Chitnis, vice president, acquisitions & development at MCR, addressed the B’nai B’rith Real Estate monthly luncheon meeting, December 12, at the Cornell Club. His topic was “Up, Up and Away—Developer Previews New Hotel in JFK TWA Terminal.”