.png)
Ariel Property Advisors arranges $17.8 million sale of 224 3rd Ave. development site
Brooklyn, NY Ariel Property Advisors (Ariel) has arranged the sale of a 59,995 buildable s/f development site, which includes 6,000 s/f of air rights, at 224 3rd Ave. in the Gowanus neighborhood for $17.8 million, or $296 per buildable s/f. The site had approved plans to
Longview development underway by
Quinlan Development and GTIS Partners
Brooklyn, NY Quinlan Development Group, a privately held full-service real estate investment and development firm, and GTIS Partners, a global real estate investment firm, revealed new project renderings for Longview, a 17-story, 197-unit mixed-income residential offering located at 380 4th Ave.
Phillips of Largo Real Estate Advisors
secures $2.95 million financing
Lancaster, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc., arranged a $2.95 million permanent first mortgage to refinance the existing debt on a 20,000 s/f multi-tenant medical office building located in the suburbs of Buffalo.
Eberz of CBRE Upstate brokers $4 million
sale of 164,025 s/f office building
Hamburg, NY CBRE Upstate NY negotiated the $4 million sale of 3556 Lake Shore Rd. The 164,025 s/f office building is on a 25-acre parcel near Woodlawn Beach State Park along the eastern shore of Lake Erie. CBRE Upstate NY’s Lida Eberz represented the seller, R&P Oak Hill LLC,
Kirchhoff Cos. and UNION
recognized for Eastdale Village
Poughkeepsie, NY Eastdale Village Town Center was lauded for its design and community impact. Kirchhoff and Union Studios received a 2024 Urban Guild Design Excellence Award from The Urban Guild for bringing the Eastdale vision to life.
National Development expands
senior housing portfolio
Smithtown, NY National Development, a leading vertically integrated real estate investment and development firm, made a new senior housing ground-up development and senior housing acquisition, the firm’s first in New Jersey and Long Island respectively.
Forte Construction and Citnalta Construction complete modernization of 68th St.-Hunter College Subway Station
Manhattan, NY The Metropolitan Transportation Authority (MTA) and Federal Transit Administration (FTA) celebrated the completion of a modernization and expansion project at the 68th St.-Hunter College Subway Station, bringing the more than century-old transit facility
Houlihan Lawrence Commercial and Feirstein Properties sell 1.6 acres
Yorktown Heights, NY Houlihan Lawrence Commercial, a division of Houlihan Lawrence, brokered the sale of 1.6 acres of vacant land on Saw Mill River Rd. The 1.6-acre site, which is located in the highway commercial zone, is directly across from the Yorktown Green Shopping Center
Savanna acquires 430 West 15th St. 95,000 s/f office building for $85 million
Manhattan, NY Savanna has acquired the leasehold interest for 430 West 15th St., an eight-story, 95,000 s/f office property located in the Meatpacking District. Savanna acquired the class-A office building at a deeply discounted price of $85 million. The building is fully
Simone Development Companies
leases 859,999 s/f in 2024
Bronx, NY Simone Development Companies’ total leasing activity in 2024 was nearly 860,000 s/f. Of the total 116 deals, new leases accounted for 382,073 s/f with renewals totaling 477,926 s/f “We are very pleased with the level of leasing activity that our team has achieved
Question of the Month: How can on-site storage enhance tenant satisfaction and boost revenue by unlocking hidden value? - by Nick Esteves
In New York City’s dynamic real estate market, building owners and managers are finding new ways to maximize space and elevate tenant experiences. With rising costs and space at a premium, one of the most valuable yet underutilized assets in residential buildings is existing,
.png)
