News: Shopping Centers

Glassman of Itzhaki handles $11.496 million sale

Itzhaki Properties has completed the sale of 83 Spring St. for $11.496 million. The retail condo, which is 5,200 s/f, was sold at a 5.4% CAP. 83 Spring St. is located in a SoHo retail corridor, between Broadway and Crosby St., with Paper Source occupying the space on a long-term lease. Isaac Glassman of Itzhaki was the broker.
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2024 Year in Review: William O’Brien, M.C. O’Brien, Inc.

What noteworthy transactions or deals from this year best exemplified key market trends or shifts? I would like to say there was an outstanding transaction for me this past year but 2024 was more a culmination of long-term relationships, most of which continued to transact. Deals were smaller in many cases but we saw robust leasing both on the agency side as well as on the tenant side.

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