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Myerow, Glasser and Fusco of Marcus & Millichap sell 1776 Castle Hill Ave. for $7.5 million
September 30, 2025
Bronx, NY Marcus & Millichap brokered the sale of 1776 Castle Hill Ave., an 83-unit elevator building in the Westchester Square submarket. The asset sold for $7.5 million.
Avison Young brokers $10.1 million sale of development site at 1550 Bedford Ave.
September 30, 2025
Brooklyn, NY Avison Young brokered the sale of a 38,500 buildable s/f development site located at 1550 Bedford Ave. in Crown Heights for $10.1 million to Avery Hall Investments. Avison Young’s Brooklyn investment sales team facilitated the transaction through a 363-bankruptcy sale on
IREON new member profile: Jimmy Moyen
September 30, 2025
What do you do now, and what are you planning for the future? I am the owner of a mechanical contracting company, and I am planning on expanding my business, focusing on energy sustainability in the New York City area.
IREON meet and mingle event hosted by Champion Elevator
September 30, 2025
Manhattan, NY Champion Elevator hosted the latest IREON meet and mingle event at the Champion Elevator headquarters. The event highlighted the importance of cultivating strong professional relationships while opening doors to new ventures.
Local Initiatives Support Corp. taps White to spearhead its national housing team
September 30, 2025
New York, NY The Local Initiatives Support Corp. (LISC) has named a decades-long leader in affordable housing, economic development and impact investing to spearhead its national housing team — ramping up efforts to deliver more capital and community-based support to address
Cushman & Wakefield arranges 41,000 s/f lease at Rockrose’s 300 Park Ave. South
September 30, 2025
Manhattan, NY Cushman & Wakefield negotiated a 41,000 s/f lease at 300 Park Ave. South on behalf of the landlord, Rockrose Development. Flexible Finance Inc. (Flex) agreed to lease the top three floors of the 15-story building in Midtown South. The firm will relocate to the
Cronheim Mortgage secures $10.3 million
for YoHo Lofts and Nepperhan Pl.
September 30, 2025
Yonkers, NY Cronheim Mortgage has secured $10.3 million to refinance a mixed-use portfolio. The transaction refinanced the existing debt on Nepperhan Pl., a mixed-use building with office and retail tenants as well as YoHo Lofts, a multi-story industrial loft building that has been converted
Orange Bank & Trust Company opens office at 3485 E. Tremont Ave.
September 30, 2025
Bronx, NY Orange Bank & Trust Company has opened a full-service office at 3485 E. Tremont Ave. in the Throggs Neck BID, marking the bank’s second location in the borough. The new office signifies the bank’s growth over the last several years and will support its
Taconic Partners and National Real Estate Advisors welcome ALDI to The Ellery
September 30, 2025
Manhattan, NY Taconic Partners and National Real Estate Advisors have signed a lease with ALDI at The Ellery, a new luxury rental residential offering, designed by Handel Architects, that spans 32 stories in Midtown. The 25,000 s/f ALDI location will provide space
Kasirer promotes Kasirer and Greenberg; and launches new strategic consulting division
September 30, 2025
New York, NY Kasirer made known two promotions within its senior leadership team to support the company’s continued growth. Suri Kasirer has become chief executive officer. Julie Greenberg has been promoted to president.
Ferrara and Leonhardt of Brax Realty sell 174-176 5th Ave. for $13.2 million
September 30, 2025
Manhattan, NY Michael Ferrara, managing principal and Cole Kinney Leonhardt, investment sales associate of Brax Realty negotiated the sale of 174-176 5th Ave. for $13.2 million.
Design Within Reach signs 39,440 s/f lease renewal at Industry City
September 30, 2025
Brooklyn, NY Design Within Reach (DWR), the furniture and home décor retailer, has renewed its 39,440 s/f outlet store lease at Industry City in Sunset Park. The 10-year lease extension underscores the brand’s continued success on campus and the ongoing evolution
Merchants Capital secures $25.2 million for 384-unit mixed-use affordable artist housing development...
September 30, 2025
Manhattan, NY Merchants Capital secured $25.2 million in financing as part of the recapitalization and rehabilitation of Westbeth Artists Housing, a 384-unit historic, mixed-use affordable artist housing development. Westbeth Artists Housing is one of the oldest and largest affordable artist
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on som...
September 30, 2025
Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
Endeavor Real Estate Group sells 21,000 s/f flex building for $1.95 million
September 30, 2025
Brighton, NY Endeavor Real Estate Group represented the buyer in the acquisition of 800 West Metro Park, a flex building. A local investment group paid $1.95 million for the 21,000 s/f building, built in 1999 on 3.96 acres. The asset was 100% leased and producing income at the time of
Vornado Realty Trust to purchase 623 Fifth Ave. for $218 million
September 30, 2025
Manhattan, NY Vornado Realty Trust has entered into an agreement to purchase the 623 Fifth Ave. office condominium, a 36-story, 382,500 rentable s/f building situated above the flagship Saks Fifth Ave. department store, for $218 million. The building’s location provides for light,
JLL and CBRE broker Grammarly’s 23,038 s/f lease at BXP’s 360 Park Ave. South workplace
September 30, 2025
Manhattan, NY BXP made public that Grammarly has signed a lease for 23,038 s/f at 360 Park Ave. South. Grammarly will occupy an entire floor of the fully redeveloped 450,000 s/f workplace, which features newly renovated and reimagined lobbies, a full suite of amenities, and pre-built
Yonkers IDA approves financial
incentives for $36.1 million senior housing
September 30, 2025
Yonkers, NY The Yonkers Industrial Development Agency (YIDA) voted final approval at its August 13 meeting of financial incentives for a $36.1 million affordable senior housing development located at 221-223 Buena Vista Ave. The nine-story building would feature 94 units comprised of
Avdoo secures $47 million construction loan
from Valley National Bank for 110 Boerum Pl.
September 30, 2025
Brooklyn, NY Avdoo closed on a $47 million construction loan for 110 Boerum Pl., the firm’s newest residential development in Cobble Hill. The financing, provided by Valley National Bank, represents a milestone as the project continues to progress on this
Broad Street Development pays $44 million for Tribeca conversion opportunity
September 9, 2025
Manhattan, NY JLL Capital Markets has arranged the $43.5 million sale of 139 Franklin St., a 10-story, 56,384 s/f self-storage facility located in the Tribeca neighborhood