Category: Brokerage
CBRE, Howard Properties, and Colliers bring three new tenants to 100 Summit Lake Dr.
March 26, 2024
Valhalla, NY The Summit, a 750,000 s/f corporate campus, has made public the signing of new leases totaling 13,313 s/f at 100 Summit Lake Dr. The Academy of Management, Inc. is leasing 6,850 s/f of office space. It is a professional
Doshi and Mehra of Meridian Capital Group sell 47-unit multifamily for $5.1 million
March 26, 2024
Bronx, NY Meridian’s Amit Doshi and Shallini Mehra of Meridian Capital Group negotiated the $5.1 million sale of 246 East 199th St. The fully rent-stabilized building features 47 apartments and sold for a capitalization rate of 6.8%,
Shawmut Design and Construction named construction manager for Barclays Center’s Suite renovations...
March 26, 2024
Brooklyn, NY BSE Global unveiled a future transformation of Barclays Center’s Suite Level B and its existing suites, which includes two new and distinct open concept, premium membership clubs, The Row and The Key. As part of the largest
Metropolitan Realty Assocs. leases 75,000 s/f cold storage/freezer distribution facility
March 26, 2024
Bayport, NY According to Joseph Farkas, CEO and founder of Metropolitan Realty Associates LLC (MRA), the company executed a 15-year lease agreement with Bakery Process Solutions for the entire single-story cold storage/freezer facility and distribution center located at 33 Rajon Rd.
Bifurcating management and economics in LLCs - by Thomas Kearns
March 26, 2024
Limited Liability Company (LLC) statutes are knownto expressly permit business people to separate the right to manage a particular LLC from the right to receive the profits of the business. LLC managers may be appointed who have no or limited rights to receive the profits of
Slate Property Group and Grobman Gross Properties secure $97 million refinancing for 166-unit The Ye...
March 26, 2024
Queens, NY Slate Property Group, in partnership with Grobman Gross Properties, has closed on a $97 million refinancing for The Yellowstone, a 166-unit multifamily asset. The proceeds will be used to retire existing debt, cover closing costs and fund an interest reserve
The Boulder Group arranges sale of net-lease
Caliber Collision property for $4.34 million
March 26, 2024
Baldwinsville, NY The Boulder Group completed the sale of a single tenant net-leased Caliber Collision property located at 3593 NY 31 for $4,348,600. Featuring a 15-year, corporately guaranteed lease with Caliber Collision, the largest U.S. collision repair
Is North Manhattan going north or south? - by Harris Sonnenklar
March 26, 2024
In 2023, the North Manhattan multifamily real estate market continued to face significant challenges, primarily driven by the lingering effects of HSTPA and higher interest rates. These factors spurred caution among property investors, leading many to adopt a wait-and-see approach.
Cord Meyer signs Flagstar Bank, welcomes five new tenants
March 26, 2024
Queens, NY Cord Meyer Development has signed Flagstar Bank to its commercial property at 73-01 Northern Blvd. in Jackson Heights. The 2,700 s/f deal was brokered by Cushman & Wakefield senior director Michael Azarian and Cushman & Wakefield director
KeyBank secures $25.3 million financing
for two multifamily properties
March 26, 2024
Albany, NY KeyBank Real Estate Capital (KBREC) secured $25.3 million for Redburn Development Partners to refinance two multifamily properties that preserve affordable workforce housing.
Marcus & Millichap facilitates $11.2 million sale of 36-unit multifamily
March 26, 2024
Manhattan, NY Marcus & Millichap facilitated the sale of a 36-unit multifamily property on Upper West Side for $11.25 million. “Despite today’s market challenges, the property sold for a 5.02% cap rate,” said John Stewart.
Elevate Research Props. partners with HYPOTHEkids to empower next generation of STEAM leaders
March 26, 2024
Manhattan, NY Elevate Research Properties, the life sciences subsidiary of Taconic Partners, formed a partnership with HYPOTHEkids, a nonprofit based in West Harlem that provides STEAM education and internship opportunities to NYC students from underrepresented
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