News: Brokerage

Gourianov of KDA arranges $1.2 million sale of 7,000 s/f property in Queens

Kalmon Dolgin Affiliates, Inc. (KDA) has arranged the sale of the one-story, 7,000 s/f commercial property located at 180-02 Eastgate Plaza in Springfield Gardens for $1.2 million, according to Neil Dolgin, executive VP. Dmitri Gourianov of KDA represented both the buyer, TNT Construction, and the seller, Eastgate Plaza LLC. Financing for the acquisition was provided by Community National Bank through an SBA loan. The property includes 4,000 s/f of office space, 3,000 s/f of warehouse space, a drive-in door, heavy power, modern HVAC system and an additional 3,500 s/f of parking. Located off Springfield Blvd., the company is relocating from Queens Village and was looking for a location near JFK. The property will be used for storage of equipment, offices and parking of vehicles. KDA is a 105-year-old, Brooklyn-based real estate firm. In addition to providing brokerage and management services, KDA has acquired $300 million of its own real estate assets within the past year alone, primarily industrial and medical/office properties.
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CM&B completes Activate Games’ NYC debut in Union Square

Manhattan, NY Construction Management and Builders, Inc. (CM&B) has completed construction of Activate Games’ first US flagship store in New York City, transforming a historic Union Square retail destination into a 15,000 s/f active gaming experience where players become part of the game.
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Columns and Thought Leadership
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
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

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Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
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New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.