Category: Brokerage
Klein, Findlay and Ferrer of HFF arrange $32 million refinance; Placed for Hidrock through Ladder Ca...
April 16, 2019
Manhattan, NY Holliday Fenoglio Fowler, L.P. (HFF) and Hidrock Properties has closed on the $32 million refinancing for 35 West 36th St., a 12-story, 77,880 s/f office building in the Garment District. HFF placed the three-year, floating-rate loan
Marcus & Millichap brokers two Brooklyn sales totaling $3.48M; Includes a $2.5M sale by Riney and Gr...
April 16, 2019
Brooklyn, NY According to John Horowitz, first vice president - regional manager of the Marcus & Millichap’s Brooklyn office, the firm has arranged two sales totaling $3.48 million. The deals include the following: The $2.5 million sale of 151 Quincy St.
Appel, Schwartz, Diaz and Cotter of JLL Capital Markets secure $66.7 million loan at 141 East Housto...
April 16, 2019
Manhattan, NY JLL Capital Markets experts have completed a $66.7 million loan to finance the construction of 141 East Houston St., a class A, 63,000 s/f office building. The group worked on behalf of East End Capital and K Property Group LLC
Preuss of Cushman & Wakefield completes four sales totaling $6.535 million
April 16, 2019
Queens, NY Cushman & Wakefield has arranged the sale of four properties totaling $6.535 million. A team led by senior managing director Stephen Preuss represented the sellers in all marketing efforts.
Costanzo of Fosun Hive Holdings leases 75,000 s/f to SCOR at 28 Liberty Street
April 16, 2019
Manhattan, NY According to Fosun Hive Holdings, SCOR, an independent, global reinsurance company, has leased 75,000 s/f on the 53rd and 54th floors of 28 Liberty St., a landmarked office tower. The Paris-based global reinsurance company is relocating its NYC headquarters from 199 Water St.
Cannold and Bloom of Helmsley Spear arrange 6,824 s/f lease extension for China Ting Fashion Group
April 16, 2019
Manhattan, NY According to Kent Swig, president of Helmsley Spear, LLC, the firm has brokered a second lease extension for China Ting Fashion Group (USA) LLC in the Garment District totaling 6,824 s/f at 525 Seventh Ave.
Stacom and Shanahan of CBRE rep SL Green in $381 million sale; 521 Fifth Avenue in agreement to be s...
April 16, 2019
Manhattan, NY A joint venture between SL Green Realty Corp. and an institutional investment partner, entered into an agreement to sell 521 Fifth Ave. to Savanna, a New York City based real estate investment manager, owner/operator, and developer.
EQ Office leases 17,337 s/f to SMCP Brands at 44 Wall Street
April 16, 2019
Manhattan, NY According to EQ Office, SMCP Brands signed a new 17,337 s/f lease at 44 Wall St., its 24-story modernized office tower in the Financial District. Under the 10-year lease, the company will move its North American...
What does a qualified intermediary do during a 1031 exchange? What to look for when hiring one? - by...
April 16, 2019
To complete a valid and successful 1031 exchange, investors acquiring taxpayer-owned properties need the services of a qualified intermediary (QI), also known as an “exchange facilitator.” During a 1031 exchange, the individual obtaining an investment or business
Real Property Income & Expense filing – The not so fun spring task on the horizon - by Peter Blon...
April 16, 2019
After discovering my raccoon ravaged garbage pail this morning, it reminded me of another not so fun spring task on the horizon, the legally mandatory Real Property Income & Expense (RPIE). The RPIE is required every year because New York City employs...
Self Storage Association’s Spring Conference: Valet storage industry continues to be a hot topic -...
April 16, 2019
We have returned from the national Self Storage Association Spring Conference and valet storage continues their market penetration. Our SVN Storage Realty self storage team just completed a very successful three days of "meet and greet" with...
How technology has changed and continues to change the commercial real estate industry - by Michael ...
April 16, 2019
Over the past 18 years of my commercial real estate career, I have witnessed technology dramatically change the way our industry does business. Real time market data is available at the press of a button, accounting systems are digitized and transparent,
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