Category: Brokerage
Brix Real Estate Advisors finances multifamily $3.65 million refinance loan
May 30, 2023
Yonkers, NY Brix Real Estate Advisors brokered a $3.65 million refinance loan on a multifamily building. The 15-unit building, 88-90 Saratoga Ave., is located in the Park Hill neighborhood. The building is 24,490 s/f and was built in
Royal Properties and Charter Realty lease 17,588 s/f to Sierra Trading Post at Poughkeepsie Plaza
May 30, 2023
Poughkeepsie, NY According to Royal Properties, Inc., Sierra Trading Post signed a 10-year lease with four five-year options for 17,588 s/f and is now open for business at Poughkeepsie Plaza, 2600 South Rd.
Cuddy and Maurer-Hollaender of CBRE renew Mercy College's 125,522 s/f lease at Simone’s 1200 Water...
May 30, 2023
Bronx, NY Simone Development Companies has signed a long-term lease renewal with Mercy College for 125,522 s/f of classroom, administrative and amenities space at 1200 Waters Place, renewing the institution’s commitment
Fordham Real Estate Institute hosts U.S. representative Torres; led by Freedman of Brown Harris Stev...
May 30, 2023
Manhattan, NY The Fordham Real Estate Institute (REI) hosted U.S. representative Ritchie Torres, at its Lincoln Center campus for a conversation about affordable housing in New York City, led by Bess Freedman, CEO of Brown Harris Stevens (BHS) and member
MAG Partners signs 23,000 s/f lease with grocery operator Lidl at Penn South
May 30, 2023
Manhattan, NY MAG Partners and Lidl US negotiated a lease for a 23,000 s/f grocery store at 335 Eighth Ave., a mixed-income apartment building being developed within the Penn South campus, an affordable housing cooperative located in the Chelsea
Marx Realty signs Helix Partners Management to 7,000 s/f at 545 Madison
May 30, 2023
Manhattan, NY Marx Realty (MNPP) said that Helix Partners Management has signed a five-year, 7,000 s/f lease on the 8th floor at 545 Madison. The firm is relocating from 399 Park Ave.
Rosenberg & Estis negotiates deal for Revel relocation to 7,000 s/f at 275 South 5th St.
May 30, 2023
Brooklyn, NY Rosenberg & Estis, P.C. represented Charney Companies and Tavros Capital in a lease agreement with electric vehicle company, Revel, to relocate its corporate headquarters and install an electric vehicle supercharging
Cosentino, Norris, and Zimin of TerraCRG sell four buildings for $13.5 million
May 30, 2023
Brooklyn, NY TerraCRG said that partner Matthew Cosentino has closed on four commercial buildings totaling $13.5 million over the last thirty days. Cosentino and his sales team, including senior associate Rémi Norris
Delancey Street Associates signs lease with Queen of Queens at Essex Crossing
May 30, 2023
Manhattan, NY Delancey Street Associates, a joint venture of Taconic Partners, L+M Development Partners, BFC Partners, the Prusik Group, and the Urban Investment Group within Goldman Sachs Asset Management,
Levin Management secures PGA TOUR Superstore at Mayfair Shopping Center
May 30, 2023
Commack, NY PGA TOUR Superstore – the country’s leading specialty retailer for golf and tennis – is continuing its regional expansion with a new location at Mayfair Shopping Center. Commercial real estate services firm Levin
Understanding the 485-b tax exemption when planning construction or improvements - by Julia Lee
May 30, 2023
Commercial property owners often need to invest in building improvements to attract and maintain tenants. This cost is exacerbated by the inevitable increase in taxes due to physical change. Fortunately, the State of New York offers
Guaranty law held unconstitutional - by Thomas Kearns and Joseph Weiner
May 30, 2023
On March 31, 2023, in Melendez v. City of New York, the Southern District of New York declared N.Y.C. Admin. Code § 22-1005 unconstitutional. That COVID-era law – enacted in May 2020 – rendered personal guaranties for certain kinds
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