News: Spotlight Content

May

Ashkenazy Acquisition and Carlyle Grp. buy 650 Madison for $680m; JP Morgan Chase reps. seller, Hiro R.E., financed by Natixis and Shorenstein Tenenbaum and Rosen of SL Green Realty complete 83,822 s/f lease to News America Inc. at 1185 Avenue of the Americas in Manhattan Regeneron to move headquarters to $145m facility built by BioMed Realty Trust; grants from Empire State Dev. Corp. and Westchester Cty. IDA Massey Knakal sells 286 Stanhope St. in Brooklyn; Sudert of Massey Knakal reps. the seller, Erasmo of Global Home Realty assisted Braddish, Gaccione, Zanoff of CBRE complete $39m in financing; CBRE's Sherman and Sharon secure $24m for Pelham Bay Professional Ctr. Taconic Inv. and Denham Wolf to redevelop 400,000 s/f American BankNote bldg. for approx. $25m; Design by Beyer Blinder Belle Metro Loft Mgmt. to transform 20 Exchange Pl. into rental building; 800,000 s/f property bordered by Hanover, William and Beaver Sts. Elizabeth Arden flagship store unveils at 691 5th Ave. in Manhattan-new design by Highland Assoc.; Lehr Const. is part of proj. team SL Green sells 39-story, 670,000 s/f, 1250 Broadway to Murray Hill Properties for $310 million; Cushman & Wakefield act on behalf of sellers Bronx welcomes new affordable green dev., The Washington Bridge View; team includes Danois Arch., Artec, Mastermind Dev., Wexler Roseman and Meyerson of Sholom & Zuckerbrot negotiate 65,000 s/f at 29-76 Northern Blvd.; Schofel, Silver and Brown of NKF rep. tenant Dunne, Bardsley, Oram, Gavin of CBRE N.Y. collaborate with brokers in Conn. and N.J. CBRE offices for $220m portfolio asset sale Goldman and Moran of Newmark Knight Frank broker 44,100 s/f lease on behalf of Paulson & Co.; Falk and Shimkin of NKF represent landlord Schneider and Glaser of Eastern Consolidated represent seller and buyer for $7m sale of 129 Charles St. in Manhattan's Greenwich Village Miller, Tapper, Ortiz and Nigido of Eastern Consolidated sell 14,780 s/f Unilake Shopping Plaza retail property for $4.7 million to Vickers Rlty. Monte of The Rose Hill Group secures $5.6 million financing for new 34,920 s/f retail development in Tonawanda; Sheridan Dev. is owner CB Richard Ellis arranges $27.6 million sale of two properties on Long Island; Koukou reps. Newport Realty Partners in the recent acquisition Roseman of Sholom & Zuckerbrot leases 47,000 s/f at The Granite Buildings in Lake Success on behalf of Health Insurance Plan of N.Y. Rural Ulster Preservation Co. renovates the Kirkland Hotel, a 16,000 s/f mixed-use proj.; Team includes Coppola Assoc., Cannon Heyman & Weiss Hirsch and Karpel of Meridian Cap. arrange $60.4m acquisition financing for 80-88 West End Ave.; Weiss of Walter & Samuels assists Cooper-Horowitz completes five financing transactions totaling $37.644m; includes $26m by Moloff and Barbato for 11- South 8th St. Rynar of Ferrer Realty handles $7.2 million sale of 17,000 s/f, 17-22 Whitestone Expwy. for Lehigh Hospitality; GVA Williams assists Gourianov of Kalmon Dolgin collaborates with Kines of Kaplon-Belo for $1.9m sale of 15,000 s/f industrial property located at 212-20/24 99th Ave. O'Rourke of Roohan Rlty. brokers $1.825m sale of mixed-use property at 53-55 Church St.; Smith of Realty USA was selling agent Pisanelli of U.S. Realty Capital secures $1.54 refinance of 51,738 s/f facility at 1276 Military Rd. in Tonawanda: 30-year, fixed-rate loan placed Constanza Enterprises completes $3m renovation of Station 55, a 44,000 s/f mixed-use dev.; team includes Chris Maggio, BMS Elec. Searles, Stromski, Associates, Architects, Planners, P.C. to complete $60m renovation for the Baiting Hollow Club; designed by Hart/Howerton New Roc Assoc., a partnership between Entertainment Props. Trust and Cappelli Enterprises leases 160,000 s/f to Target in New Rochelle
MORE FROM Spotlight Content

Check out NYREJ's Developing Westchester Spotlight!

Check out NYREJ's Devloping Westchester Spotlight!

NYREJ’s Developing Westchester Spotlight  is Out Now!
Explore our Developing Westchester Spotlight, featuring exclusive Q&As with leading commercial real estate professionals. Gain insight into the trends, challenges, and opportunities shaping New England’s commercial real estate landscape.  

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.