News: Brokerage

Norman Bobrow & Co. secures 73,000 s/f lease for City Lumber

Queens, NY According to Norman Bobrow & Co., managing director Josh Berger and director Alex Lubin have negotiated a new 12-year lease for City Lumber.

City Lumber will be moving its headquarters and warehouse to 84-00 73rd Ave. in Glendale, taking the entire 73,000 s/f building plus an additional 32,500 s/f of outdoor space. Asking rent was $23/ft.

“We’ve been exploring the market with City Lumber for a number of years and are thrilled that we’ve been able to secure a new headquarters in Glendale Queens,” said Berger. “This building offers City Lumber an enlarged warehouse space and enhanced office that will help serve its growing customer base for the foreseeable future.”

“As a certified Woman Business Enterprise (WBE), City Lumber has experienced exponential growth as we participated in important projects at LaGuardia Airport, the La Central housing development in the Bronx, Moynihan Station, and Hudson Yards Tower A and Tower E,” said vice president David Spodek of City Lumber. “Operating out of 40,000 s/f, divided between two buildings in Long Island City, Queens, our need for a larger and more suitable warehouse became a growing and daunting hurdle for our company. With an enormous, and steadfast effort from both Josh and Alex, we were able to secure a property that will allow us to continue to be woven into the fabric of the greatest city in the world.”

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.
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
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