Category: Brokerage
The impact of NYC’s housing crisis on commercial real estate and tenant mobility - by Nancy Zafran...
October 29, 2024
New York City has long been one of the most expensive places to buy and own a home. Yet, there remains a housing crisis in the region. As the housing crisis grows in NYC, its ripple impacts the commercial real estate market and tenant mobility, hampering people’s efforts to achieve their goals of financial
John Hardy leases at Rockefeller Center
October 29, 2024
Manhattan, NY Tishman Speyer said that John Hardy, creator of handcrafted jewelry, has signed a lease at Rockefeller Center, slated to open this fall. John Hardy’s new concept store at 620 Fifth Ave. at the Channel Gardens will be the brand’s second NYC location, offering four site-specific
Longacre Asset Management closes $180 million acquisition
October 29, 2024
New York, NY Longacre Asset Management, a joint venture between Peter Hungerford’s PH Realty Capital and David Kaye and Joe Listhaus’s Rockledge closed on an $180 million acquisition. The portfolio was acquired in two tranches. The first tranche closed in July and comprised
Sephora leases 6,200 s/f at Manhattan West
October 29, 2024
Manhattan, NY According to Brookfield Properties, Sephora signed a 6,200 s/f retail lease at Manhattan West. Sephora is the latest addition to the Manhattan West neighborhood which spans eight acres of retail, dining, hospitality, entertainment, residences, public space, and office space. Sephora
M&T Realty Capital provides $18.75 million
for 85-unit affordable multifamily, The Louella
October 29, 2024
Bronx, NY M&T Realty Capital Corp. (M&T RCC) closed an $18.75 million Freddie Mac Forward Commitment 9% LIHTC loan for The Louella, an 85-unit age-restricted multifamily housing property located in the Fordham Heights neighborhood. The team was able to secure favorable permanent financing terms
Stenson of Brax Realty sells mixed-use building for $1.925 million
October 29, 2024
Manhattan, NY Alan Stenson, senior director of Brax Realty negotiated the sale of 175 East 116th St. located in East Harlem for $1.925 million. The property is located between Lexington Ave. and Third Ave. and consists of 3,825 s/f. The property has one retail unit which is occupied by
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Shawmut Design and Construction debuts latest projects art Barclays Center - The Toki Row and JetBlu...
October 29, 2024
Brooklyn, NY Shawmut Design and Construction, a leading $1.6 billion national construction management firm, announced the debut of its latest project at the Barclays Center – the renovation of two open concept, premium membership
Over 200 attend 50th anniversary party held by OLA Consulting Engineers
October 29, 2024
Manhattan, NY More than 200 professionals from the engineering, architecture, and construction industries gathered in Manhattan to celebrate OLA Consulting Engineers LLC’s 50th anniversary. Held at Jay Suites on West 38th Street
Olshan expands corporate/securities law group with addition of Taibi
October 29, 2024
Manhattan, NY According to Olshan Frome Wolosky LLP, Edward Taibi has joined as a partner in the firm's corporate/securities law practice group. Taibi brings over 25 years of expertise in innovative transactional
Progress Realty Partners Acquires Sam’s Club Center for $43,250,000
October 29, 2024
Cheektowaga, NY Progress Realty Partners, a private equity firm headquartered in Tinton Falls, NJ, has closed on its purchase of Union Consumer Square, an open-air retail center anchored by Sam’s Club
Perlman of Largo Real Estate secures $7.5 million refinance of mixed-use property
October 29, 2024
Buffalo, NY Ned Perlman, vice president of originations at Largo Real Estate Advisors, Inc. secured $7.5 million to refinance a mixed-use property. Perlman leveraged his knowledge of the lending environment in
Paul and Samuel Adler of Rand Commercial Receive HV Chapter of NYSCAR Economic Development Dealmaker...
October 29, 2024
Valley Cottage NY Paul Adler, Esq., SIOR and Samuel Adler were awarded the Economic Development Award for the successful transaction they brokered in connection with the sale of 400 Corporate Court, Valley Cottage NY.
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