Erie Canal Harbor Dev. takes ownership of Gen. Donovan State Office Bldg.
The Erie Canal Harbor Development Corp. recently took over the now-vacant Gen. Donovan State Office Building along the lower end of Main St. By taking ownership of the 148,000 s/f, eight-story building, asbestos remediation and, then, demolition can begin. The building could be demolished within the next 12 months.
"This is another step in the re-building of our waterfront and the realization of the dream that will become Canal Side," said Jordan Levy, harbor development corporation chairman.
The Donovan building along with its across-the-street neighbor, long-vacant Memorial Auditorium, are slated to be demolished to make way for Canal Side's anchor tenant, a 150,000 s/f Bass Pro Outdoor World store. Bass Pro is slated for the Aud while Benderson Development Co. is working with other related tenants for the Donovan site.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of