News: Brokerage

Musalo of Greiner Maltz and Grusd of Sperry Van Ness handle 95,000 s/f sale

Greiner-Maltz of New Jersey has sold a 95,000 s/f, 1 story distribution center at 20 Pulaski St., to CCSI Continental Concessions, based in New Hyde Park, N.Y. Raymond Musalo of Greiner-Maltz represented the seller, and Ian Grusd of Sperry Van Ness, represented the purchaser. "With its close proximity to Port Newark, and within 4 miles of New York City, the Hudson County, N.J. market is one of the most active markets in Northern, N.J. We started marketing the property in November 2009, and within 2 months we had 4 potential purchasers, and two possible tenants. CCSI Continental Concessions was fortunate to be able to acquire this prime property," said Raymond Musalo, managing partner of Greiner-Maltz. Greiner-Maltz is exclusively in the leasing, selling, appraising and managing of industrial and commercial properties.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking