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This week features New York Real Estate Journal's
2025 Developing Long Island Fall Spotlight!
September 30, 2025
This week features New York Real Estate Journal's 2025 Developing Long Island Fall Spotlight!
Bringing Class A experiences to Class B buildings - by Kevin Paul and Joel Richardson
September 30, 2025
The world of office real estate has been something of a rollercoaster over the last five years. The COVID-19 pandemic forced companies across the country to switch to a “work from home” model that left office space empty and demand low
Amazon, Uber Eats & Whole Foods Walk Into a Lobby - by Tammy Craig-Smith
September 9, 2025
In the 1990s and early 2000s, apartment and condo lobbies were designed to impress. Rich woods, leather seating, and oversized décor conveyed a sense of formality and permanence. At the time, these choices made perfect sense—they reflected the
Cronheim Hotel Capital secures $19.5 million for acquisition of Home2 Suites
September 9, 2025
Wayne, NJ Cronheim Hotel Capital (CHC) has secured $19.5 million for the acquisition of the Home2 Suites by Spark GHC. The five-year loan offers attractive leverage, a floating rate that will decline
Jeremy Lyman joins Subtext as partner & executive vice president of capital markets, private wealth
September 9, 2025
St. Louis, MO According to Subtext, a national real estate company focused on elevating the resident experience, Jeremy Lyman as partner and executive vice president of capital markets, private wealth. In his new role, Lyman will lead the
Quantum computing company SEEQC moves into expanded Mid-Westchester Executive Park headquarters
September 9, 2025
Hawthorne, NY JLL has completed a new 13,635 s/f lease for quantum computing startup SEEQC, Inc. at 15 Skyline Dr., a flex office property located within the Mid-Westchester Executive Park
Digital asset company Fireblocks leases 35,000 s/f, including penthouse, at 5 Penn
September 9, 2025
Manhattan, NY According to JLL, Fireblocks has leased 35,000 s/f at 5 Penn, the newly repositioned 24-story office building owned by 5 Penn Plaza LLC, a firm led by investor Stephen D. Haymes
Domain, Silverstein JV lands $205 million financing deal for 420 Carroll St.
September 9, 2025
Brooklyn, NY JLL Capital Markets has closed on a $205 million financing for 420 Carroll St., the first multi-housing property completed under the 2021 Gowanus rezoning aimed at adding hundreds of new apartments
Walker & Dunlop arranges $220m bridge loan refinance for 626 Newark Ave.
September 30, 2025
Jersey City, NJ Walker & Dunlop, Inc. has arranged a $220 million bridge loan to refinance 626 Newark Ave., a 576-unit, class A mixed-use multifamily property located within the city’s Journal Square neighborhood.
Navigating NY’s property tax exemption minefield for nonprofits - by David Wilkes
September 30, 2025
Tax exempt organizations that consider owning real estate or leasing their owned space to others to offset operating costs, face a complex minefield of restrictions that can be difficult to analyze and that present significant financial consequences if violated. New York
Savills, CBRE and JLL lease 27,000 s/f at Marx Realty’s 10 Grand Central
September 30, 2025
Manhattan, NY Marx Realty has signed 27,000 s/f of new leases at its 10 Grand Central office building. With 20% of office tenants in the building seeking to grow in place at the repositioned building. 1-800-Flowers will move from a sublease on the 18th floor to Marx Realty’s current 9,000 s/f space
City launches “Opening Doors” building accessibility innovation challenge
September 30, 2025
New York, NY Department of Buildings commissioner Jimmy Oddo and Housing Preservation Department acting housing commissioner Ahmed Tigani together announced the launch of a new citywide innovation challenge, inviting architects, engineers, advocates, accessibility
PickleRage to open 42,000 s/f at Cappelli’s 173 Huguenot St.
September 30, 2025
New Rochelle, NY The Cappelli Organization said that PickleRage will be opening a new facility at 173 Huguenot St. PickleRage will be occupying 42,000 s/f in a building which formerly housed New York Sports Club. PickleRage is planning to open on
Ariel Property Advisors sells 7-11 East 115th St. development site for $8.9 million
September 30, 2025
Manhattan, NY Ariel Property Advisors (Ariel) negotiated the sale of a 55,000 buildable s/f development site at 7-11 East 115th St. in East Harlem for $8.9 million. The final price of $163 per buildable s/f reflects an easement for 19 parking spaces
Klein of Houlihan Lawrence sells 3,752 s/f 510 North Bdwy. - $900,000
September 30, 2025
White Plains, NY Houlihan Lawrence Commercial sold 510 North Bdwy. for $900,000. The seller and purchaser were both represented by Garry Klein, regional manager and team leader of Klein Commercial at Houlihan Lawrence. The
Simone’s 10,029 s/f bldg. at 132 Tuckahoe Rd. 100% leased
September 30, 2025
Yonkers, NY According to Simone Development Cos., Wingstop has signed a lease for 1,300 s/f of retail space at 132 Tuckahoe Rd. The 10,029 s/f building is now fully leased. This is the third Wingstop restaurant in Westchester County.
L&L Holdings secures Dunkin at 600 Third Ave.
September 30, 2025
Manhattan, NY L&L Holding Company reached an agreement with Dunkin’ to occupy the last remaining retail availability at 600 Third Ave., L&L’s 42-story office tower in Grand Central district.
Morris, Putnam and Deutsch team join Cresa
September 30, 2025
Manhattan, NY One of the nation’s top data center capital markets teams has joined Cresa. Michael Morris, along with Sumner Putnam and Matt Deutsch — formerly with Newmark — has joined the firm to launch a Data Center Capital Markets and Advisory
Hempstead IDA approves benefits for acquisition of apartment complex
September 30, 2025
Hempstead, NY Fred Parola, CEO of the town of Hempstead Industrial Development Agency, said that IDA has given preliminary approval to a benefits package that will assist a NYC-based investment group that specializes in affordable housing, to purchase and
Perechocky joins Gibson Dunn as partner
September 30, 2025
Manhattan, NY David Perechocky has joined Gibson Dunn’s New York office as a partner in the real estate practice group and Real Estate Investment Trust (REIT) Industry Group. Perechocky has a wide-ranging real estate transactional practice counseling REITs,