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Lantern Org., IMC Architecture and Rockabill Consulting begin retrofit and renovation of Silverleaf Hall
Bronx, NY Owner/operator Lantern Organization, architect IMC Architecture and development consultant Rockabill Consulting closed financing and began an electrification retrofit and renovations at Silverleaf Hall, a 118-unit supportive housing residence located at 480 East 176th St. in the East Tremont neighborhood.
SL Green Realty sells 10 East 53rd St. for $312.2 million to Meadow Partners
Manhattan, NY SL Green Realty Corp. has sold 10 East 53rd St. for total consideration of $312.2 million to Meadow Partners. The transaction, which is expected to close in the third quarter of 2026, subject to customary closing conditions, will generate net cash proceeds to the company of approximately $100 million that will be used for corporate debt repayment.
Naftali Group with Access Real Estate secure $374 million refinance for Williamsburg Wharf
Brooklyn, NY Naftali Group with Access Real Estate closed a $374.35 million refinancing for Phase I of Williamsburg Wharf, the firm’s 3.75-acre master-planned development along Williamsburg’s East River shoreline. Since opening to residents last summer, Two, Three, and Four Williamsburg Wharf, the development’s luxury rental offerings, have already reached over 90% leased across more than 500 apartments.
Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence
New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
Mason Technologies breaks ground on new $30 million corporate headquarters
Smithtown, NY Mason Technologies, a national leader in low-voltage technology integration specializing in structured cabling, audiovisual systems, data centers, and unified security solutions, celebrated the groundbreaking of its future corporate headquarters in the Long Island Innovation Park at Hauppauge.
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From vacancy to vitality: How adaptive reuse is reshaping Long Island’s CRE landscape - by Andrea Tsoukalas Curto
Adaptive reuse has become one of the most important conversations in commercial real estate today. Long Island has a large inventory of aging retail, office and industrial
Grassi signs 41,000 s/f lease renewal at 50 Jericho Quadrangle
Jericho, NY Cushman & Wakefield arranged a 41,000 s/f office lease renewal on Long Island, marking the largest office recommitment signed in the market thus far in 2026. Grassi, a leading advisory, tax and
Versant Media Group signs 84,509 s/f lease expansion with Columbia Property Trust
Manhattan, NY Columbia Property Trust, Inc. with Versant Media Group, Inc., a new publicly traded modern media company, has entered into a long-term lease extension and a three-floor, 84,509 s/f expansion at 229 West 43rd St. The agreement will establish the property as Versant’s New York City corporate office
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Spectorgroup named architect of record for 11 Bryant Park Plaza repositioning
Manhattan, NY Multidisciplinary design firm Spectorgroup has been named architect of record for 11 Bryant Park Plaza, a through-block city office building owned by A.M. Property Holding Corp., Axonic Capital, and Platinum Properties. The firm is leading a comprehensive repositioning effort to elevate
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Redevelopment of former Lincoln Correctional facility commences
Manhattan, NY LDG Group LLC, Infinite Horizons, L+M Development Partners, and Urbane Development Group closed on over $97 million in financing for the redevelopment of the former Lincoln Correctional facility in Harlem. With a variety of partners spanning both the public and private sectors
Resnick of Jack Resnick & Sons named 2026 Business Honoree award by the Salvadori Center
Manhattan, NY The Salvadori Center presented its 2026 Business Honoree award to Jack Resnick & Sons president Jonathan Resnick at its 2026 Annual Benefit at the Edison Ballroom on May 6th. The event brought together supporters, educators, and industry leaders for an evening celebrating and advancing innovative STEAM education.
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As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
Q: What is a fair rent increase in a commercial lease? My firm is negotiating a lease on an industrial building, and the landlord is asking for a 4% escalation every year. Is there a standard rent increase for industrial leases? A: There are no standard or published lease escalations. Escalation terms are essentially whatever two parties can agree upon. An alphabet soup of rent escalators was common in the past,
In jazz, the wrong note is rarely the real problem. The real problem is when nobody is listening. After nearly four decades running an architectural practice, teaching architecture
Real estate attorneys are one of the most attractive targets for scammers and fraudsters. Managing escrow accounts, coordinating closings, facilitating wire transfers,
You have a lot of tools at your disposal when it comes to apartment marketing. Of course there are the two main tools: your marketing websites and listings. But savvy marketers
Every building owner in New York City has heard about Local Law 97. The carbon emissions caps, the $268-per-ton penalty rate, the May 1 annual report deadline: LL97 has dominated
