News: Brokerage

Dolgin of Kalmon Dolgin Affiliates, Inc. handles 12,000 s/f Queens lease

Kalmon Dolgin Affiliates, Inc. (KDA) has arranged a 12,000 s/f, long-term lease to An Sheng Inc., at 74-16 Grand Ave. in the Elmhurst section, according to Neil Dolgin, executive VP. An Sheng currently occupies 18,000 s/f in the basement of 74-16 Grand Ave. With the new lease, they will also occupy 12,000 s/f on the 2nd floor, using the space for offices and a warehouse. KDA broker Grant Dolgin represented the owner and the tenant. The two-story space at Grand Avenue offers access to the Long Island Expressway, Queens Midtown Expressway, the Long Island Railroad and MTA Bus routes, and is a few short blocks from the E, F, G, and R subway lines. Other tenants in the building include Corbex Inc. and Transcorp Construction. Founded in 1904, KDA offers over a century's worth of experience in the management, sale, leasing and marketing of commercial and industrial property throughout the New York metropolitan region. In addition to its staff of 35 brokers, KDA, through its subsidiary, KND Management Co., Inc., operates a portfolio of over six million s/f of industrial, office, medical and retail space in ten states. Their highly-trained professionals offer a practical, street-wise approach to real estate, supported by the latest in real estate management and research technology and four generations of unparalleled expertise.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.