Category: Brokerage
Keidan of Cresa arranges 5,000 s/f lease for Timberlake Studios
August 29, 2023
Manhattan, NY Cresa Global Inc. (Cresa) vice president Leslie Keidan has arranged a 10-year lease for a 5,000 s/f workspace at 545 Eighth Ave. for Timberlake Studios, a theatrical costume production company. Founded in 1959 by costume maker Betty Williams, her protégé Sarah Timberlake
Gopan and Schwartz of Simone Development sign Fastenal Co. to long-term lease at 1448 Ferris Pl.
August 29, 2023
Bronx, NY Simone Development Companies said that the largest fastener distributor in North America, Fastenal Company, has signed a 7,100 s/f, long-term warehouse lease at 1448 Ferris Pl.
Naftali Credit Partners closes on pre-development financing loan for 8 Carlisle
August 29, 2023
Manhattan, NY After closing an $86 million construction loan for 64 University Place, Naftali Credit Partners, a subsidiary of Naftali Group – closed a pre-development financing loan for 8 Carlisle St. marking the second deal of its closed second credit fund. Naftali Credit Partners
Koukou and Newton of Lee & Assocs. represent American Outcomes Management in 13,614 s/f lease at Ind...
August 29, 2023
Brooklyn, NY Industry City, the 35-acre mixed-use complex comprising sixteen waterfront buildings in Sunset Park, said that American Outcomes Management LP (AOM), a leading specialty infusion provider focused on intravenous immunoglobin (IVIG) infusion therapy, signed a seven-year lease for
Supreme Court calls real property tax foreclosure into question - by Gabriella Botticelli
August 29, 2023
A recent United States Supreme Court opinion has significant impact on New York’s Real Property Tax Law. Tyler v. Hennepin County, Minnesota, decided on May 25, 2023, ruled it unconstitutional for a taxing authority to foreclose upon and sell property based upon a failure to pay taxes without a procedure for the property owner
IREON INSIGHTS: New Jersey implements a new benchmarking law for buildings with first deadline appr...
August 29, 2023
As part of the New Jersey (NJ) Clean Energy Act, beginning October 1, 2023, buildings over 25,000 s/f are required to benchmark their building’s aggregate energy and water usage data to the NJ Board of Public Utilities (BPU) on an annual basis. Logical Buildings is certified by the NJBPU to fulfill
Cushman & Wakefield arranges $30 million refinancing for 27-01 Queens Plaza N.
August 29, 2023
Long Island City, NY Cushman & Wakefield served as the exclusive advisor to Brause Realty in the procurement of $30 million in refinancing for Brewster LIC, a 700,000 s/f office property located at 27-01 Queens Plaza North. The loan was provided by Apple Bank.
Waterman, Kesseler, Gosin, and Rosenblum of Newmark lease 22,725 s/f
August 29, 2023
Long Island City, NY Newmark has arranged a 22,725 s/f lease renewal on behalf of ownership Atlas Capital Group, LLC, at their office building, The Factory, located at 30-30 47th Ave. The tenant, Transel Elevator & Electric, Inc. (TEI Group), signed an early, 10-year lease extension
Brand Urban brings Caffè Panna to 34 Norman Ave.
August 29, 2023
Brooklyn, NY Brand Urban said that Caffè Panna, the Italian-inspired ice cream brand helmed by Hallie Meyer, will open its second location early next year, expanding to 34 Norman Ave. Caffè Panna Greenpoint is slated to open in the spring of 2024, targeting as early as
Roth of Manhattan Skyline Management leases to Madame Bonté Café
August 29, 2023
Manhattan, NY According to Manhattan Skyline Management Corp., New York City independent coffee shop Madame Bonté Café has opened at 205 East 66th St. on the Upper East Side.
Invictus Property Advisors closes sale of “Blue Flame” buildings
August 29, 2023
Manhattan, NY Invictus Property Advisors negotiated the closing of the “Blue Flame” buildings adjacent to the Columbia University Expansion Project at 523-525 West 125th St. in Manhattanville. The two three-story buildings were owned by the same partnership for over 50 years.
Axiom Capital funds $22 million refinance
loan for mixed-use multifamily
August 29, 2023
Manhattan, NY Axiom Capital has structured and arranged a $22 million permanent loan (five years, fixed rate, three years I/O, five years ext. opt., non-recourse) for the refinance of a mixed-use multifamily property in the Financial District.
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