Manhattan, NY According to Savitt Partners, three new TAMI tenants have committed to leases at 530 Seventh Ave., the Fashion District’s main hub for office, technology and creative media tenants. The 490,000 s/f Midtown office
New York, NY Project REAP (Real Estate Associate Program), one of the nation’s leading initiative connecting talented multicultural professionals and commercial real estate (CRE) for over 20 years, is returning to NYC and Chicago starting in mid-March 2020 with a
Albany, NY Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, sold a three-building, 117-unit portfolio. This 100% free-market portfolio sold for a capitalization rate of 7.2%, a gross rent multiplier of 7.6 times, just under $65 per s/f and $74,000 per unit. Amit Doshi, executive senior managing director and Shallini Mehra, managing director, represented
New York, NY For some brokers, a rapidly fluctuating market is a source of anxiety. For Morris Betesh, senior managing director of Meridian Capital Group and his team of eight, it’s a source of excitement. And lately, there’s been plenty of it as
Binghamton, NY The Agency, Greater Binghamton Chamber of Commerce and their partners at FIVE South College Dr. took an active role in helping those in need this holiday season. The organizations have paired with two area charities: The Family Enrichment Network and CHOW
Queens, NY A&E Real Estate Holdings bought the 539-unit Kestenbaum Family Portfolio in Rego Park for $129.5 million. The price equates to $239,425 per unit at a 5% cap rate. The portfolio includes 568,276 s/f and 238,262 buildable s/f.
As we previously noted, a new law regarding continuing education for real estate salespersons and brokers was recently adopted. The New York State Department of State sent a letter to all NYS licensees giving a summary of the major changes noted below
Albany, NY According to Vanguard-Fine, LLC, the firm has completed the following deals Bulmer, Brownell and Barry Feinman brokered the 10,600 s/f lease between Zimmer US, Inc. and LKS Realty Corp. at 20 Computer Dr. West
Newark, NY TAYLOR, a leading regional commercial general contractor, was awarded the construction contract for the renovations and addition to the Catholic Family Center – Hannick Hall. TAYLOR is partnering with N.K. Bhandari Architecture & Engineering,
Manhattan, NY Penn South Capital, a subsidiary of RAP Equities, has acquired a 40,000 s/f property at 39 Clarkson St. in the Hudson Sq. tech and media corridor. Represented by Adam Greene, partner at law firm Robinson Brog Leinwand Greene Genovese & Gluck P.C., and