News: Brokerage

Klosed Properties acquires 800 s/f retail condominium

Brooklyn, NY Klosed Properties has acquired a ground floor new construction retail condominium located at 186 Putnam Ave. in the Bedford Stuyvesant neighborhood. The acquisition price was not disclosed.

The property consists of a corner, vacant, 800 s/f retail space, in which Klosed signed a 10-year lease with a prospective tenant, “The Break Room” during the contract period. 

Adam Hajibai, VP of acquisitions said, “This property was appealing to us because of its corner visibility and the fact that it is brand new construction, located in one of our backyard neighborhoods, adding to our growing portfolio in Brooklyn”

This is the 3rd acquisitions for Klosed in 2021, with an additional 8 deals under hard contract.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent