Category: Brokerage
Javier of HelmsleySpear passes away at age 72;
A 35-year commercial leasing and sales veteran
October 28, 2019
New York, NY Jimmy Javier, an assistant vice president at HelmsleySpear, passed away on October 25 at the age of 72. Javier was an accomplished and highly respected commercial broker with more than 35 years of commercial leasing and sales experience.
Tannor and Watson of Lee & Associates NYC negotiate 3,262 s/f lease to My Gym
October 23, 2019
Manhattan, NY Gregory Tannor, executive managing director/principal, and Michael Watson, associate irector, of Lee & Associates NYC have negotiated a ground-floor, 3,262 s/f lease at 207 West 79th St., between Broadway and Amsterdam Ave., for My Gym.
Executive of the Month: Michael Ferrara, managing principal at Brax Rlty., attributes success to exp...
October 15, 2019
New York, NY The New York Real Estate Journal (NYREJ) sat down with Michael Ferrara, this month’s “Executive of the Month,” for a question and answer session. Ferrara is the managing principal of Brax Realty.
Ferrara: I was born in Brooklyn, but moved out to…
Avison Young arranges $12.499 million sale of 13,966 s/f office condo; Kim of Zelnik & Co. reps buye...
October 15, 2019
Manhattan, NY The Tri-State Investment Sales group for Avison Young completed sale of a 13,966 s/f vacant office condominium for $12.499 million. James Nelson led the team along with associate director David Lawrence and associate Carter Lovejoy, to represent…
Sage Realty leases 362,197 s/f to WeWork
at 437 Madison Ave.
October 15, 2019
Manhattan, NY Sage Realty Corp., the leasing and management division of the William Kaufman Org. (WKO), finalized a long-term, 362,197 s/f lease with WeWork at 437 Madison Ave., a 40-story, 850,000 s/f office tower in the Plaza District. Sage Realty has leased a 12-floor block of…
Marks, Lebor and Garrett of TerraCRG complete $3.225M sale; Raza and Gordon of We R New York rep buy...
October 15, 2019
Brooklyn, NY TerraCRG has completed the sale of the commercial building at 15 Vanderbilt Ave. in Clinton Hill. Dan Marks, Daniel Lebor and Garrett Allen of TerraCRG represented the seller in the $3.225 million closing. “We’re happy to announce the sale...
Camhi of RFR arranges two leases totaling 20,739 s/f at 477 Madison Avenue
October 15, 2019
Manhattan, NY RFR has signed two new financial firm leases totaling 20,739 s/f at 477 Madison Ave., 60 days after acquiring the property and subsequently launching a comprehensive capital improvement program to elevate the quality of the building.
Central Brooklyn’s development market is booming as affordability lures institutional investors - ...
October 15, 2019
Real estate developers have long been smitten with Brooklyn, with their sights set on the upside potential offered by its eclectic neighborhoods, such as Flatbush. As construction continues on several high-profile projects, the cost of land in central Brooklyn is poised to climb as investors take advantage...
Int. No. 1472-B: A cyber-watchdog for commercial and mixed-use landlords - by Peter Blond
October 15, 2019
After over twenty years in New York City real estate, I would have never dreamed the city’s own legislators would endeavor to amputate the multi-billion dollar hand that feeds it. As if the recent rent law transformations in Albany weren’t damaging enough to owners of multifamily...
Why the next real estate downturn might have less distressed opportunities than the 2008 and 1986 do...
October 15, 2019
Why the next real estate downturn might have less distressed opportunities than the 2008 and 1986 downturns. The real estate crash that occurred in 2008 marked the end of a real estate super-cycle that began 22 years prior, in the aftermath of the 1986 real estate crash.
Silver of NKF and Abdo of Lee NYC arrange 68,760 s/f sublease for Fareportal
October 15, 2019
Manhattan, NY Newmark Knight Frank (NKF) and full-service commercial real estate brokerage Lee & Associates NYC (Lee NYC) have arranged a 68,760 s/f sublease on the entire 11th and 12th floors at....
Antebi and Yankelovich of GFI broker $7.225 million sale
October 15, 2019
Brooklyn, NY GFI Realty Services, LLC has brokered the $7.225 million sale of 8678 Bay Pwy., a four-story walk-up, 30-unit multifamily property in the Bath Beach section. GFI senior director Shlomo Antebi represented the...
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