Hennessey of GVA reps. Fortis Investment Mgmt. in 5,138 s/f lease at 150 East 52nd St., Manhattan

John Hennessey, SIOR of GVA Williams represented Fortis Investment Management USA, in their 5,138 s/f lease at 150 East 52nd St. The seven-year lease is for space on the 20th floor of the 35-story building, which is owned by Plaza 52, LLC (Princeton International Properties).

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Reynolds, Davila and Loch of Investment Property Realty Group close $3.735 million sale of 216, 218, 220 East 179th St.

Bronx, NY Investment Property Realty Group (IPRG) closed the sale of 216, 218, 220 East 179th St., a development site located in the Mount Hope section of the city, for $3.735 million.

Investment Property Realty Group closes $2.9 million sale of 42 Richardson St.

IPRG closes $2.9m sale of 42 Richardson St.

Investment Property Realty Group closes $9.4 million sale of 73 Warren St.

IPRG closes $9.4m sale of 73 Warren St.

Investment Property Realty Group closes $1.7 million sale of 491 East 166th St.

IPRG closes $1.7m sale of 491 East 166th St.

Investment Property Realty Group closes $3 million sale of 4,350 s/f mixed-use building at 709 Fulton St.

IPRG closes $3m sale of mixed-use building at 709 Fulton St.

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Marcus & Millichap brokers sale of $10.28 million industrial property in the Bronx

Columns and Thought Leadership

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

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Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,

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